Alert: Alert [December 27, 2024]: Impact of Ongoing Litigation in regards to FinCEN
In light of a recent federal court order, reporting companies are not currently required to file beneficial ownership information with FinCEN and are not subject to liability if they fail to do so while the order remains in force. However, reporting companies may continue to voluntarily submit beneficial ownership information reports.
Batley CPA Tax & Business Alert December 2024
If someone suggests that you should have your business appraised, you might wonder if that’s a subtle suggestion that you should retire and sell the company.
Corporate Transparency Act
The Corporate Transparency Act (“CTA”) was enacted by Congress on a bipartisan basis on January 1, 2021, as part of the National Defense Authorization Act. The CTA seeks to prevent and combat money laundering, terrorist and proliferation financing, serious tax fraud, and other financial crimes by making it harder for bad actors to hide or […]
Batley CPA Tax & Business Alert November 2024
As 2024 is nearing its end, now is a good time to consider year-end strategies to help reduce the tax your business will owe.
Batley CPA Tax & Business Alert October 2024
Some small businesses struggle with employee morale for a variety of reasons, one of which may be economic uncertainty.
Batley CPA Tax & Business Alert September 2024
Are you in the process of starting a business or contemplating changing your business entity? If so, you’ll need to decide how to organize your company.
Batley CPA Tax & Business Alert August 2024
Are you in the process of starting a business or contemplating changing your business entity? If so, you’ll need to decide how to organize your company.
Labor Department Increases Overtime Salary Threshold
To be exempt from overtime pay under this provision, workers must be paid a salary of at least $58,656 and must also meet certain job duties for executive, administrative, and professional employees.
Batley CPA Tax & Business Alert July 2024
The question of whether a worker is an independent contractor or an employee for federal income and employment tax purposes is a complex one.
Batley CPA Tax & Business Alert June 2024
If you’re a small business owner and you hire your children this summer, you may be able to obtain tax breaks and other nontax benefits.