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FAQs about the New Beneficial Ownership Information Reporting Requirement

The new year means new small business regulations—courtesy of the Corporate Transparency Act. Starting on January 1st, 2024, many small businesses now need to submit a Beneficial Ownership Information Report to the Financial Crimes Enforcement Network (FinCEN). Small businesses can unfortunately sometimes serve as a front for illicit business operations,

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How Exporting Goods Can Lead to Tax Savings: Discovering the IC-DISC

If your company sells goods made in the U.S. to foreign countries, you will want to familiarize yourself with this tax incentive: the interest charge domestic international sales corporation, more commonly known as the “IC-DISC.” Geared specifically toward American exporters, this incentive helps companies become more globally competitive by lowering

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