By CalChamber -February 15, 2024 A new and little-publicized federal rule requires certain small and private companies to file ownership information or face potential penalties.The Corporate Transparency Act (CTA), which went into effect on January 1, 2024, aims to combat illicit financial activity, including tax fraud and money laundering.Under the new legislation, businesses that meet certain criteria must submit a Beneficial Ownership Information (BOI) Report to the U.S. Department of Treasury Financial
As an entrepreneur, you can use technology in many ways to give your business a competitive edge. From cloud computing to artificial intelligence, cutting-edge developments make it easier than ever to streamline processes and reduce redundancy at the workplace. Even small businesses without large tech budgets should consider getting tech tools. As Winman reveals, continual investment in innovation helps to boost productivity, enhance efficiency, finetune quality, and boost customer service. Discover how