small business owner

Navigating New Regulations: What Small Businesses Need to Know in 2024

In 2024, small businesses will face a variety of regulatory changes. One significant update is the requirement to register with the Financial Crimes Enforcement Network (FinCEN) under the 2021 Corporate Transparency Act. This act targets shell companies and financial crimes, affecting businesses with fewer than 20 employees or less than $5 million in sales. Compliance…

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Navigating the Corporate Transparency Act: A Comprehensive Guide for Businesses

Introduction In an era where transparency in corporate operations is increasingly under the microscope, the Corporate Transparency Act (CTA) represents a significant shift in the regulatory landscape. This legislation, a cornerstone in the fight against illicit activities, demands a closer look by businesses of all sizes. What is the Corporate Transparency Act? The Corporate Transparency…

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