February 2021

Financial Statement Basics For Small Business Owners

  Every business owner needs to know the basics of financial statements. Know this information if you are completing them yourself or if you are outsourcing to a bookkeeper.    Statements are difficult to analyze but are critical to the health of your business. Keep reading for the basics of what financial statements are and

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Effective January 1st, the Corporate Transparency Act is bipartisan legislation designed to root out bad actors using US entities to hide illicit activities. The law requires millions of US business entities to file beneficial ownership information with the Financial Crimes Enforcement Network (FinCEN). Existing companies have until December 31st, 2024 to file their information.