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Recent Posts
Posts about Small Business
21 August 2024
Beware of Scams Targeting Corporate Transparency Act Reporting Requirements!
The Corporate Transparency Act (CTA), enacted as part of the Defense Authorization Act for Fiscal Year 2021, represents a significant legislative effort to enhance corporate transparency and combat illicit financial activities in the United States. The CTA mandates the electronic reporting of beneficial ownership information (BOI) to the federal government’s Financial Crimes Enforcement Network (FinCEN), aiming to curb money laundering, terrorism financing, and other forms of illicit finance. However, the CTA has also given rise to various scams targeting businesses and individuals.
David M Robson20 August 2024
Best Practices for Hiring: Red Flags to Watch Out For
Hiring the right talent is crucial for the success and growth of any organization, especially for small and medium-sized businesses (SMBs). The hiring process is not just about filling a position; it’s about finding the right fit for your company’s culture and goals.
David M Robson16 August 2024
IRS Offers Second Chance to Resolve Employee Retention Credit Claims with New Voluntary Disclosure Program!
The Internal Revenue Service (IRS) has introduced a second Employee Retention Credit (ERC) Voluntary Disclosure Program as outlined in Announcement 2024-30. This initiative is designed to address erroneous claims for the ERC, a refundable tax credit aimed at supporting businesses and tax-exempt organizations that continued to pay employees during the COVID-19 pandemic under specific conditions.
David M RobsonWhy Premier Tax and Business Services
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