Matawan-Aberdeen Chamber of commerce

Failure to submit new paperwork by the December 31, 2024 deadline puts small business owners at risk for criminal penalties.

The Corporate Transparency Act (CTA) was enacted by Congress on January 1, 2021, as part of the National Defense Authorization Act.  The CTA included significant reforms to anti-money laundering laws and is intended to help prevent and combat money laundering, terrorist financing, corruption, and tax fraud.  

Under the act, small businesses in the United States need to file beneficial ownership information reports (BOIR) with the Department of the Treasury by January 1, 2025.

Read article here: https://www.uschamber.com/small-business/how-to-comply-with-the-corporate-transparency-act-deadline?utm_source=CO&utm_medium=direct&utm_campaign=CTA

Download guide here: Corporate-Transparency-Act-Guide-from-US-Chamber.pdf

Clickable headlines can be somewhat difficult to craft. These tips can help you get the formula right for every piece of content you post.

Click here for these tips courtesy of the US Chamber of Commerce

More frequently than you think.  Updating your business plan ensures that the information is up to date and in line with the changing goals of your organization.  Click here for these tips courtesy of the US Chamber of Commerce

Just like a consumer credit score, it’s important to regularly monitor your business’s credit score. A strong score can give you more favorable interest rates on loans.  Read more about your business’s credit score here.