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The One, Big, Beautiful Bill Is Law: The Five Biggest Tax Changes for Your Business
The OBBBA is now law. Here are the five biggest tax changes: permanent bonus depreciation, R&D expensing, QBI at 23%, tips/overtime deductions, and SALT cap increase to $40,000.
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SBA Loan Standards Are Changing June 1. How to Prepare Your Application.
SBA loan underwriting standards tighten June 1 with higher collateral, 10% startup equity, and credit score minimums. Here is how to prepare your application.
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BOI Reporting Exemption for Domestic Companies: What Just Changed and Why It Matters
FinCEN exempted domestic companies from BOI reporting after months of legal battles. Here is who is exempt, who must still file, and what to do if you already submitted a report.
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The Supreme Court Lifted the BOI Injunction. Here Is What Business Owners Should Do Right Now.
The Supreme Court reinstated BOI reporting. FinCEN extended the deadline to March 21. Here is who needs to file, what information is required, and how to do it.
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BOI Reporting Whiplash: The Fifth Circuit Reversal and What Business Owners Should Do Now
The Fifth Circuit reinstated BOI reporting after a brief injunction. Here is where the legal battle stands and what business owners should do to prepare.
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BOI Reporting Is Live: A Practical Filing Guide for Small Business Owners
BOI reporting is live and the deadline is January 1, 2025. Here is a practical step-by-step guide to filing your beneficial ownership report with FinCEN.
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The International Role of the U.S. Dollar, Post-COVID Edition
the federal reserve released a Post Covid edition of their research on the role of the US Dollar this week. Here is the summary of the report along with a link to the full report The U.S. dollar has maintained its dominant role in the global economy due to the strength of the U.S. economy,…
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Fraudsters Posing as Brokers or Investment Advisers – Investor Alert
An older post from the SEC though the information is just as relevant today. These scams are still active today! The FBI Criminal Investigative Division and the United States Securities and Exchange Commission’s Office of Investor Education and Advocacy (OIEA) warn of fraudsters swindling investors while pretending to be registered brokers or investment advisers. Fraudsters…
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IRS in the Doghouse: Misses Deadline for IRA 2022 Plan
IRS Misses Own Filing Deadline for $80 Billion Plan – Taxpayers Beware!” The IRS has missed its deadline to tell the Treasury how it will spend its $80 billion allocation from the Inflation Reduction Act. As a result, taxpayers are left wondering how the money will be used, with many questioning the IRS’s ability to…
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FinCEN Finalizes BOI Reporting Rules: What Every Small Business Owner Needs to Know
FinCEN finalized BOI reporting rules under the Corporate Transparency Act. Most small businesses must report beneficial owners starting January 1, 2024. Here is what to prepare.
