Category: Finance

Jan 16

Beneficial Ownership Registration of all Small Businesses Now Required

Beginning January 1, 2024, almost all small businesses in the United States are required to report all owners of the business to the Financial Crimes Enforcement Network (FinCEN). This new requirement is part of a law enacted by Congress in 2021 called the Corporate Transparency Act. It affects LLCs, S corps, partnerships, and small corporations. The […]

Dec 12

Inflation Reduction Act. What you need to know.

The new Inflation Reduction Act that passed in congress this year has a surprising amount of tax implications for both individuals and small businesses. Many of the provisions are extensions of the tax laws that were already in effect but were expiring, such as the Affordable Care Act health insurance premium credits, which were extended […]

Aug 04

Credit Reports and What You Need to Know

Credit reports are a history of how a person manages their credit. They are used by creditors considering loaning you money to evaluate the likelihood you will pay them back. There are three main credit bureaus: Equifax, Trans Union, and Experian. The information in your credit report includes your name, current and previous addresses, current […]