The Corporate Transparency Act: How It Will Impact Your Business
Overview The Corporate Transparency Act of 2020 (the “CTA”) is a newly enacted federal statute that will be implemented and enforced by the United States Department of the Treasury’s Financial Crimes Enforcement Network (“FinCEN”). FinCEN is now in the process of drafting regulations that will enforce and define the reporting requirements of the CTA. The […]
Paid Leave Tax Credit for Small Businesses
The "Families First Coronavirus Response Act" provides tax credits for paid sick and family leave for employers with 500 or fewer employees. Your small business or agribusiness may qualify for employee payroll or self-employment tax credits through December 31st, 2020.