May 2024

Business workplace with laptop sharing information about Beneficial Business Information in the Corporate Transparency Act

Beneficial Ownership Information under the Corporate Transparency Act: Compliance Essentials for Businesses

As a business owner, you should be aware of the transparency requirements set forth by the Corporate Transparency Act (CTA). This piece of legislation mandates that certain companies submit beneficial ownership information, ensuring a greater level of transparency in business dealings. The goal of this legislation is ultimately to detect illict activities such as money […]

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Business Team have Meeting regarding S Corp Owner W2 or 1099

S Corp Owner W2 or 1099: Decoding Tax Filing Requirements

When you operate a business as an S Corporation (S Corp), understanding how to properly compensate yourself, as both a shareholder and an employee, is essential for tax compliance and optimizing your tax situation. The Internal Revenue Service (IRS) requires that any shareholder who provides services to the S Corp must receive reasonable compensation in

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