Every entrepreneur will tell you that building a successful business is exhilarating – and the thought of letting it go is stressful. You’ve poured your heart and soul into nurturing your business, but what happens when it’s time to pass the torch?
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While the IRS created a moratorium on new Employee Retention Credit (ERC) claims in September of last year, they have continued to process previously filed claims. However, increased concerns about fraudulent claims have led to a more rigorous review process.
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At Boris Benic and Associates, we’re grateful for every opportunity to socialize with other business leaders. In fact, Boris Benic, Robert Puerto, and Chris Benic recently had the pleasure of attending the Eminae Mergers and Acquisition Holiday Black Tie Reception. This exclusive event served as a delightful blend of holiday festivities, a celebration of achievements throughout the year, and a fantastic networking opportunity.
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In a move to enhance corporate transparency and mitigate financial crimes, the Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Department of the Treasury, has implemented the Corporate Transparency Act, effective January 1, 2024. Understanding the implications of this new filing requirement is crucial to business owners and executives.
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Are you thinking of selling your primary residence? Before you take that leap, it’s essential to understand the ins and outs of potential capital gains tax to avoid any unwelcome surprises come tax season. Let’s delve into the basics and exceptions to ensure you’re well-informed about what’s ahead. You don’t want to incur a larger-than-necessary tax bill.
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