Corporate Transparency Act – What businesses need to know

Important Information for Businesses Regarding the Corporate Transparency Act As you may be aware, the Corporate Transparency Act (CTA) became effective as of January 1, 2024.  Under this new law, many small businesses must report Beneficiary Ownership Interest (BOI) information to the Financial Crimes Enforcement Network (FINCEN).  This entails a requirement that “reporting companies” submit…

National Data Privacy Day

Data Privacy – 10 Tips to Keep Your Data Private Create Strong Passwords The days of using the word password or your name as your password are long gone. To help ensure your passwords are secure, at a minimum use the “8-4 rule”. This means use at least 8 characters with 4 variations such as…

2024 Numbers to Remember

Social Security Wage Base – $168,600 – this is the amount of income that social security tax is required to be paid upon. This increased by 5% from 2023. HSA Contribution Limits Single: $4,150 Family: $8,300 An additional $1,000 contribution can be made for each individual aged 55 or older. IRA and Roth Contribution Limit…