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2023-12-06 07:51:13

hopfield on Nostr: For that little LLC you have… Goes into effect 1/1/24. “Many business owners — ...

For that little LLC you have…

Goes into effect 1/1/24.

“Many business owners — mainly those who own small businesses — will need to start providing personal information about both the company and themselves to the Financial Crimes Enforcement Network.”

“For every day past the filing deadline, companies will be fined $500. If the violation continues, owners could face up to two years in prison and/or a fine of up to $10,000, according to the Financial Crimes Enforcement Network.”

https://www.msn.com/en-us/money/smallbusiness/tax-law-going-into-effect-jan-1-may-have-outsized-affect-on-small-businesses/ar-AA1kZ8T7
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