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Beneficial Ownership Information Reporting Under the Corporate Transparency Act

January 23, 2024 by admin

What is Beneficial Ownership Information Reporting? Beneficial Ownership Information (BOI) reporting is a federal requirement by the Corporate Transparency Act (CTA). BOI reports include information about all the company’s beneficial owners. Who is considered a Beneficial Owner? A beneficial owner is any individual who, directly or indirectly, exercises substantial control over a reporting company or […]

Filed Under: Business Tax

A Comprehensive Guide to Small Business Taxes

December 23, 2023 by admin

Running a small business comes with a multitude of responsibilities, and one crucial aspect is managing taxes. Small business owners often find themselves grappling with the complexities of the tax system, from understanding different tax obligations to maximizing deductions. In this article, we’ll delve into the world of small business taxes, offering insights and tips […]

Filed Under: Business Tax

Reviving a Declining Business

November 7, 2023 by admin

Reviving a Declining Business

Business owners should recognize the warning signs that their businesses are in trouble and understand the steps they must take to stabilize and revive their companies. Businesses that end up on the critical list usually show signs that they are ailing long before they need intensive care. By recognizing these signs and making a concerted […]

Filed Under: Best Business Practices

Tax Tips for Businesses

October 17, 2023 by admin

Tax Tips for Businesses

As a business owner, you should familiarize yourself with your federal, state, and local tax requirements. Understanding what your obligations are will assist you in filing returns and paying taxes accurately and on time. Whatever taxes you are required to pay, you have to be very aware that there are deadlines for remitting them and […]

Filed Under: Business Tax

What Is Your Most Valuable Asset?

September 20, 2023 by admin

What Is Your Most Valuable Asset?

Your most valuable asset isn’t your real estate or the tech stocks you bought in the 90s that have done well. It isn’t even your business per se. Your most valuable asset is you — specifically your ability to run a profitable company and make money. Are you protecting that asset from the risk that […]

Filed Under: Best Business Practices

7 Effective Ways to Evaluate a Market

August 8, 2023 by admin

Before launching a new product or service, expanding into a new geographical area, or making significant business decisions, it’s crucial to thoroughly evaluate the target market. Market evaluation helps businesses understand customer needs, competition, and the potential for success. In this article, we will explore seven effective ways to evaluate a market. 1. Conduct Market […]

Filed Under: Best Business Practices

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