National Tax Advisory Group

The Corporate Transparency Act (CTA)

Commencing on January 1, 2024, the federal Corporate Transparency Act (CT) may require many domestic and foreign entities with less than $5,000,000 of annual gross receipts and fewer than 20 employees to file an informational statement with the federal Financial Crimes Enforcement Network (FinCEN).

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The Corporate Transparency Act (CTA)2024-02-08T13:29:39-05:00

IRS Orders Immediate Stop to Employee Retention Tax Credit Claim Processing

On September 14th the Internal Revenue Service placed a moratorium on the processing of new Employee Retention Tax Credit claims until at least 2024.

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IRS Orders Immediate Stop to Employee Retention Tax Credit Claim Processing2023-09-21T08:51:20-04:00