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In a recent announcement, the Financial Crimes Enforcement Network (FinCEN) declared that it will not impose fines or penalties on companies failing to file or update Beneficial Ownership Information (BOI) reports by the current deadlines set under the Corporate Transparency Act (CTA). This decision aims to alleviate regulatory burdens on businesses while ensuring that entities posing significant law enforcement and national security risks are prioritized.
If you’re self-employed and have no employees, planning for retirement is entirely up to you. The good news? There are several tax-advantaged retirement plans designed specifically for business owners like you. With 2025 contribution limits updated, now is the perfect time to evaluate your options and maximize your savings.
Another year is quickly coming to an end. This memorandum is intended to give you some ideas on saving taxes for 2024. However, it is general in...
Starting January 1, 2025, the U.S. Department of Labor (DOL) will implement new overtime rules that raise the salary threshold for employees who are...
