Insights and Resources

Beneficial Ownership Reporting: A Game-Changer in Business Transparency

Beneficial Ownership Reporting: A Game-Changer in Business Transparency

A new era of transparency is upon US businesses as the Financial Crimes Enforcement Network (FinCEN) implements the Corporate Transparency Act (CTA) requiring certain companies to report beneficial ownership information. This ground-breaking move is targeted at dismantling opaque corporate structures which often facilitate illicit activities. Read on to understand the reporting requirements, exemptions, and timelines.
Piercing the Veil of Corporate Secrecy: A Guide to the New Beneficial Ownership Reporting

Piercing the Veil of Corporate Secrecy: A Guide to the New Beneficial Ownership Reporting

Beneficial Ownership Information reports are now mandatory for certain businesses in the U.S., a move spearheaded by FinCEN to curb financial crimes. This initiative, part of the 2021 Corporate Transparency Act, seeks to eliminate the veil of corporate secrecy often exploited by illicit actors. Learn about the reporting deadlines, exemptions, and resources available to aid businesses in this transition.
Tax implications of legal gambling

Tax implications of legal gambling

With the rise of legal sports betting and online gambling, it's crucial to understand the IRS reporting requirements associated with your winnings. Discover the thresholds for different types of gambling and how to report your earnings accurately. Learn how to avoid potential penalties and comply with IRS regulations.
Why Your Business Value Matters in Estate Planning and Wealth Transfer

Why Your Business Value Matters in Estate Planning and Wealth Transfer

This article highlights the critical role of business valuation in estate planning, emphasizing its impact on wealth transfer, estate taxes, and asset division. It discusses the potential for valuation discounts in the current economic environment and the consequences of procrastination in obtaining a business valuation. It also underscores the need for professional advice to ensure compliance with tax laws and regulations.
Healthcare in the Crosshairs: A Deep Dive into Cybersecurity Challenges

Healthcare in the Crosshairs: A Deep Dive into Cybersecurity Challenges

Bolstering Cybersecurity in Healthcare: An Imperative in Modern Times" delves into the escalating threats of cyberattacks on healthcare organizations, highlighting the urgent need for stronger security measures. Unravel the challenges presented by legacy systems, lack of regulations, and the pivotal roles of vendors and patients in enhancing cybersecurity. Discover why prioritizing cybersecurity is not just an option but a necessity for safeguarding sensitive patient information and ensuring the integrity of healthcare services.
BOI Reporting in 2024: The Crucial Steps Your Business Needs to Take

BOI Reporting in 2024: The Crucial Steps Your Business Needs to Take

Starting 2024, businesses are required to adhere to the new BOI reporting requirements, aimed at promoting transparency and combating financial crimes. This article provides comprehensive guidance on the deadlines, reporting entities, reporting content, and penalties for non-compliance. Secure your business by understanding these new mandates and their implications.
IRS extends tax filing deadline for taxpayers in certain Iowa counties

IRS extends tax filing deadline for taxpayers in certain Iowa counties

IRS grants disaster relief to taxpayers located in certain counties in Iowa. Affected taxpayers have until Nov. 1, 2024, to file returns and make payments.
RSM + Microsoft for life sciences: A deep dive into digital transformation

RSM + Microsoft for life sciences: A deep dive into digital transformation

Join us to elevate your company's compliance, operational efficiency and strategic growth in the life sciences industry.
Smart financial planning for college: a parent’s guide

Smart financial planning for college: a parent’s guide

Learn how to effectively plan and save for your child's higher education. Understand student aid and family contributions, explore college savings plans, and discover how to increase your child's chances of receiving merit-based scholarships.
The Corporate Transparency Act 2021: A New Era of Financial Regulation

The Corporate Transparency Act 2021: A New Era of Financial Regulation

The Corporate Transparency Act (CTA) is here, imposing new reporting requirements on businesses to promote transparency and curb illegal financial activities. Discover what the CTA demands, its implications for small and medium-sized businesses, and the recent court ruling that’s stirring uncertainty. Stay ahead of the curve with this must-read guide to navigating the CTA."
Understanding the Child and Dependent Care Credit

Understanding the Child and Dependent Care Credit

Are you a parent or caregiver? This video breaks down everything you need to know about the child and dependent care credit. Don't miss this opportunity to reduce your tax bill!
Planning Ahead: How the End of TCJA Provisions Will Affect Your Taxes

Planning Ahead: How the End of TCJA Provisions Will Affect Your Taxes

Individual tax changes are coming by 2026, and preparation is key to staying ahead. This article offers a peek into the future of tax laws and how they could influence your finances. Don't miss out on this chance to future-proof your tax strategy.
Understanding the OMB’s Major Update to Federal Financial Assistance

Understanding the OMB’s Major Update to Federal Financial Assistance

Get to grips with the Office of Management and Budget's most extensive revision of the Uniform Guidance since its inception, set to take effect from October 2024. From increased Single Audit thresholds to the inclusion of 'veteran-owned business' as an entity type, this article breaks down the key changes that could impact your organization. Don't miss out on this vital insight into the future of federal financial assistance.
Decoding the Complexities of the Corporate Transparency Tax Act

Decoding the Complexities of the Corporate Transparency Tax Act

The Corporate Transparency Tax Act, designed to combat illicit activities through beneficial ownership information reporting, is facing a legal challenge, casting uncertainty on its future. This article discusses the implications for businesses operating in the U.S., highlighting the importance of compliance. Stay abreast of developments in this complex regulatory environment to safeguard against financial crimes.
RSM Attack Vector Report 2024

RSM Attack Vector Report 2024

RSM's Vector Report draws from an extensive database of penetration tests and offers a unique perspective on the evolving tactics of threat actors.

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