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Attention: Your business may soon have to meet new reporting requirements that take effect on January 1, 2024. Under the Corporate Transparency Act (CTA), which was enacted in 2021, certain companies are required to provide information related to their "beneficial owners" — the individuals who… Read more
Are you considering inviting an employee or an outsider to participate in your existing partnership? Before making any commitments, it's important for you and the prospective partner to understand the potential federal tax implications.
Mobile banking has been gaining in popularity, and the pandemic only intensified the interest. Many people are increasingly willing to use mobile banking apps to cash checks, transfer funds and perform various other tasks instead of visiting physical branches of their financial institutions.
As a result of the current estate tax exemption amount ($12.92 million in 2023), fewer people are concerned with federal estate tax. Before 2011, a much smaller dollar amount resulted in many people scrambling to avoid estate tax. Now, because many estates won't be subject to estate tax, more…
Breakeven and burn rate have historically been used to gauge the viability of start-ups and high-tech companies that have yet to turn a profit. But these analytical tools can also be used by established businesses that are struggling to survive today's challenging market conditions.
As an investor, you may want to look beyond the stock market and fixed-income alternatives. Allocating some of your money to gold and other precious metal assets could be an option to hedge against stock market uncertainty. However, before you invest, it's important to understand the tax impact of…
FustCharles has been recognized by Accounting Today as one of the 2023 Best Accounting Firms to Work For!
Is it time to close your small business? Unfortunately, closing isn't as simple as handing over the keys to a landlord or even selling a building you own. You still have various responsibilities to meet as you wind down, including some tax and legal obligations.
