Insights and Resources

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.

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.

With the introduction of the Corporate Transparency Act (CTA), businesses now face new obligations and potential penalties if they fail to report Beneficial Ownership Information (BOI) to the Financial Crimes Enforcement Network (FinCEN). This article breaks down the CTA's critical elements, from the definition of 'reporting companies' and 'beneficial owners' to the process of submitting BOI reports. Stay ahead of the curve and ensure your company's compliance by reading this comprehensive guide.

The IRS is set to dramatically boost audits on high-income earners, major corporations, and complex partnerships. Find out what these changes mean for you and how to prepare effectively.

Are you a small business owner looking to offer health benefits without breaking the bank? Our guide to ICHRAs and QSEHRAs explains how these health reimbursement arrangements work, their benefits, and how they can be tailored to fit the unique needs of your business. Learn how to leverage these plans for tax advantages and greater employee satisfaction.

With the Corporate Transparency Act (CTA) now in effect, companies will have to disclose crucial information about their 'beneficial owners', sparking debates within the financial sector. Despite legal challenges to its constitutionality, the Financial Crimes Enforcement Network (FinCEN) insists on compliance with Beneficial Ownership Information (BOI) reporting requirements. Explore how the CTA and BOI reporting requirements represent a significant evolution in the fight against financial crimes.

The Corporate Transparency Act (CTA) is a new U.S. law that demands domestic and foreign entities operating in the country to disclose their beneficial ownership information. The law, which primarily targets small to medium-sized businesses, comes with exceptions and aims to prevent money laundering, terrorism financing, and other illegal activities. Understand your obligations under this new legislation and avoid severe penalties by delving into our detailed analysis.

This article throws light on the Corporate Transparency Act (CTA) and its aim to fight financial crimes by enforcing strict reporting requirements on businesses. It delves into the roles of 'Reporting Companies', the definition of 'beneficial owners', and the critical updates regarding corporate trustees. Amidst legal challenges and opposition, gain a better understanding of your obligations under the CTA.

Discover how the Corporate Transparency Act (CTA) affects small and medium-sized businesses, requiring them to disclose beneficial owner information to deter money laundering and other illicit activities. Learn about the exemptions, reporting requirements, and severe penalties for non-compliance, alongside the impact of recent court rulings. Dive into the significant changes in the U.S. anti-money laundering landscape and ensure your organization’s compliance.