Navigating Business Finances When Numbers Aren’t Your Thing
Steering a business toward success is already a balancing act. Add financial management into the mix—especially when that world feels foreign—and the pressure only builds. Not every business owner launches with an accounting background or a passion for spreadsheets, yet every operation hinges on money matters. There’s no need to fake expertise or retreat from decisions; with the right strategies, it’s possible to run a tight financial ship without becoming an overnight CFO. Make Peace with the Numbers,
Chester, MD Business Owners: The CTA, BOI and FinCEN Changed, So Now What?
The Corporate Transparency Act may require certain U.S. companies to disclose beneficial ownership information to FinCEN to combat financial crimes. While a Texas federal district court’s preliminary injunction puts this requirement on hold, many experts expect that to be overturned. In that event, failure to file could lead to fines of $500 per day, up to a maximum of $10,000, and possible criminal penalties. However, filing your Beneficial Ownership Information (BOI) report will help you avoid fines
