Month: November 2024
As we approach January 2025, a significant change is coming to Minnesota’s retail landscape. In May 2024, Governor Tim Walz signed a bill eliminating so-called “junk fees” from transactions. This legislation marks a vital step toward greater consumer pricing transparency and has important implications for businesses. Here’s what you need...
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The Corporate Transparency Act from 2021 (CTA) created new reporting requirements that will impact many businesses. Certain companies will need to disclose their beneficial owners through filings with the Financial Crimes Enforcement Network (FinCEN) beginning on January 1, 2024. The report will be filed through FinCEN’s website (https://www.fincen.gov/boi). Who is...
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As the saying goes, “Make hay while the sun shines,” and 2024 promises to be about as sunny as it gets from a tax perspective. As the sun begins to set on 2024, let’s look at just a few of the many opportunities for business owners to do some year-end...
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