Entrepreneurs

Let’s talk tariffs. Yep—those taxes on imported goods that made headlines a few years ago during the Trump administration. While they may sound like a topic reserved for economists and politicians, tariffs have had some very real, very tangible effects on everyday Americans—and could still be contributing to broader economic uncertainty today.

Another update re: the Beneficial Ownership Information Report ("BOIR") filing requirement update from the ongoing battles associated w/ the Corporate Transparency Act ("CTA")...

Business Owners! Beneficial Ownership Information Report ("BOIR") filing requirement is BACK IN EFFECT + again REQUIRED under the Corporate Transparency Act ("CTA"), as of the most recent update per  ongoing legislation - (February 17th, 2025 ruling by the US District Court in Smith v. U.S. Dept of the Treasury).

Please read on for more information on this developing issue, including new deadlines and requirements to note...

This week brought even more developments to the legal challenge to the Corporate Transparency Act ("CTA") and its Beneficial Ownership Information Report ("BOIR") filing obligations.

As estate + business planners, we’re dedicated to helping our clients navigate complex legal requirements - read on for more information on this developing issue... 

The Good News:  If your LLC qualifies as an “inactive entity,” you may be exempt from having the hassle of submitting a “Beneficial Ownership Information” (BOI) Report to FinCEN.  

The Bad News:  In our experience, most dormant / unused companies don't actually qualify as "Inactive" under the CTA rules... 

Read on for 6 questions to figure out whether your company qualifies as "inactive" in this week's blog...

Check out this week's blog to find out what you need to know - now - about the Corporate Transparency Act ("CTA"), which is estimated to impact over 30 million - mostly small + mid-size - businesses.

This new federal law likely affects you if: 

• Are a business owner;

• Have beneficial ownership in a business (individually, or thru another company or trust); 

• Have substantial control over a business 

The failure to comply with the CTA is not to be taken lightly, with steep fines ($500/day + $10,000 for criminal fines), plus a possibility of two years in jail! 

Read on for a link to our comprehensive guide to the CTA + BOI Reporting, to see if you're impacted  + what you need to do... 

As an estate planner, I deal with lots of generous, kind folks with very big hearts (and sometimes, big wallets to match). 

That’s not always the case- sometimes clients have a more modest estate that belies their generous spirits. 

In this series, I’m offering a weekly Q&A to outlines some mistakes I've seen my generous clients make- along with my recommended course-correct plan of action!

Even if you're nowhere close to thinking about retirement, there are things you can implement in your business right now to prepare for way down the road...

On Friday, the president signed into law a coronavirus relief package that should help many small businesses reeling from coronavirus shutdowns and slowdowns

Federal Tax Deadline moved to July 15th... To help, Tiffany has  prepared two tax “cheat sheets” one for personal federal filings and geared to small businesses owners...