Alert: Does BOI Reporting Apply to Your Business? By: Susan Kornatowski This is a reminder that your business may be required to comply with new beneficial ownership information (BOI) reporting rules that took effect in 2024. Who needs to be aware […]
New Reporting Requirement for Businesses By: Susan Kornatowski Attention business owners! Effective 1/1/2024, many businesses are now subject to a new requirement to file a report of Beneficial Ownership Information (BOI) with the Financial Crimes Enforcement Network (FinCEN). […]
To Tax Affect or Not to Tax Affect? A Key Question when Valuing a Pass-Through Business By: James Horkey Most U.S. businesses operate as so-called “pass-through” entities, including partnerships, limited liability companies (LLCs) and S corporations. For decades, the IRS and valuation professionals have been at odds over how […]
Is an S corporation the best choice of entity for your business? By: Kate Protsenko-Blake CPA Are you thinking about launching a business with some partners and wondering what type of entity to form? An S corporation may be the most suitable form of business for […]