The recently passed Corporate Transparency Act (CTA) has significant implications for various entities and individuals involved in the corporate world. This landmark legislation aims to increase transparency and combat illicit activities such as money laundering, tax evasion, and terrorism financing. Let’s explore the key stakeholders impacted by the CTA. 1. Corporations and Limited Liability Companies
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Tax Saving Tips
New FinCEN Filings Go into Effect on January 1 For existing businesses, the Corporate Transparency Act (CTA) goes into effect on January 1, 2024, and imposes a brand-new federal filing requirement on most corporations, limited liability companies, and limited partnerships and on certain other business entities. No later than December 31, 2024, all non-exempt business
READ MOREHow to Create a Retirement Budget
Retirement is a phase of life that most people look forward to. It’s a time to relax, pursue hobbies, travel, and spend time with loved ones. However, to truly enjoy retirement, it is essential to have a reliable financial plan in place. Creating a retirement budget is crucial as it helps you determine how much
READ MOREYour Guide to Financial Planning
Financial planning is a crucial aspect of achieving long-term financial stability and security. Whether you’re just starting your career, building a family, or nearing retirement, effective financial planning can help you navigate the complexities of managing your money and reaching your financial goals. In this guide, we’ll explore the key components of financial planning and
READ MOREThe Benefits of Hiring a CPA
When it comes to managing your finances, hiring a Certified Public Accountant (CPA) can be a game-changer. A CPA is a licensed professional who has gone through rigorous training and testing to ensure they have the knowledge and skills to handle complex financial matters. Whether you’re an individual or a business owner, here are some
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