The Corporate Transparency Act (“CTA”) was enacted in 2021 as an expansion of anti-money laundering laws and is intended to combat illicit activities such as money laundering, financing of terrorism, tax fraud and corruption. Effective January 1, 2024, the CTA requires most businesses file a Beneficial Ownership Information (BOI) Report with the U.S. Department of
  The regulatory environment is ever-changing for employers. We wanted to highlight some recent changes: Employee Overtime Protections The United States Department of Labor’s (“DOL”) regulations for determining whether salaried employees are exempt from minimum wage and overtime requirements will be changing effective July 1, 2024. All employers should be aware of these changes. Currently,

Starting A Business In New Jersey

January 2024,  By Heidi Toth,  You came up with an idea for a business, had a hobby that morphed into a full-time enterprise or left an existing job to go out on your own.  You have chosen a name for this new venture.  Now what?? Before you start advertising, you should make sure that the

Portfolio Gains and Losses

January 2024, For the past couple of months, I have been telling my clients that they owed money or would be receiving a smaller refund on their 2021 tax return. The reason for this change in my client’s tax picture … 2021 was a great year to be invested in the stock market. While none
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