Effective January 1, 2024, businesses that are defined as an eligible reporting company are now required to comply with Beneficial Ownership Information (BOI) reporting. This reporting obligation is required by the Financials Crimes Enforcement Network (FinCEN) which is a part of the U.S. Department of the Treasury. Note this is not a tax requirement or […]
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As the year-end approaches, business owners are gearing up not just for celebrations but for a strategic assessment of their financial landscape. Beyond the festivities, it’s time to delve into the crucial realm of year-end accounting and tax planning. There are some strategies that can help you reduce your tax liability, optimize your cash flow,
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Accounting Year-End Close Checklist for Business Owners As another year comes to a close, business owners everywhere are gearing up for the year-end close process. This task involves closing out annual financial records and preparing for the new year. While the year-end close can be a daunting task, it’s important to remember that it’s also
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Ring in the new year with payroll peace of mind. Get your year-end payroll in order with help from MTG! Tax changes and year-end bonuses can make payroll complex. But you don’t have to tackle it alone. Our payroll pros will look for errors and opportunities to optimize. Here are four year-end payroll tips to
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