Update as of March 4, 2025: After months of legal challenges and uncertainty, the U.S. Treasury Department announced on Sunday, March 2, 2025 that enforcement of the Beneficial Ownership Information (BOI) reporting requirements is officially…

In the latest legal twist to FinCEN’s Beneficial Ownership Information (BOI) reporting requirements, compliance is once again mandatory for eligible reporting companies with a new deadline. February 2025 Update While enforcement of the Corporate Transparency…

The clock is ticking! The deadline to file 1099-NEC forms for non-employee compensation is January 31st. If you paid $600 or more last year to vendors such as freelancers, attorneys, and anyone providing you services,…

Understanding Financial Statements: A Guide for Non-Accountants Unlock the secrets behind financial statements and boost your financial literacy! Perfect for entrepreneurs, small business owners, and anyone eager to understand the numbers. No accounting experience needed….

Tips to Organize your Tax Records January officially launches the tax season. As those tax forms start coming in, here are some tips to help you stay organized to make filing your tax return efficient…

Update as of December 27, 2024: After a reversal earlier this week where FinCEN’s Beneficial Ownership Information (BOI) reporting requirements were resumed after a brief nationwide suspension, a federal court of appeals has now ruled…

UPDATE: As of late December 26, 2024, a court ruling has once again blocked the enforcement of the Corporate Transparency Act and the BOI reporting requirements. Click here for more information. After enforcement of the…

By Sean Brislin, CPA Generative AI is a rapidly advancing technology that holds immense potential for businesses of all sizes. However, its adoption, particularly among small businesses, comes with both opportunities and risks. This article…