Starting January 1, 2024, business owners will face additional reporting requirements enforced by the Financial Crimes Enforcement Network (FinCEN), in compliance with the Corporate Transparency Act’s (CTA) Beneficial Ownership Information (BOI) Reporting Rule. On September 29, 2022, FinCEN issued a final rule requiring specific companies to report the BOI effective January 1, 2024. The reporting Read the full article…
For the tax year beginning in 2021, the IRS has implemented a new reporting requirement for partnerships, S corporations, and filers of Form 8865 to include Schedules K-2 (Partner’s Distributive Share Items – International) and Schedules K-3 (Partner’s Share of Income, Deductions, Credits, etc. – International) with their returns. What are Schedules K-2 and K-3 Read the full article…
![[WEBINAR] Alternative Ways To Sell A Business](https://www.krostcpas.com/wp-content/uploads/Copy-of-Making-a-Difference-1.jpg "[WEBINAR] Alternative Ways To Sell A Business")
Join us for our complimentary webinar on Alternative Ways to Sell a Business. When most business owners consider the sale of their company, they normally think of a 100% sale to a competitor or strategic buyer. Whilst this is an option, it is, by no means the only one. Other options include a majority (but Read the full article…
