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The 2024 Corporate Transparency Act and What Photographers Need to Know
The Corporate Transparency Act (CTA) was passed to combat financial crime. The Financial Crimes Enforcement Network (FinCEN) issued a final rule for Beneficial Owner Information (BOI) reporting requirements on September 29, 2022. The BOI reporting requirements will become effective on January 1, 2024, and apply to reporting companies, including LLCs, and other similar entities. Reporting companies need to report information about their beneficial owners, including their legal name, address, and identifying information. Reports are filed electronically through a secure filing system on FinCEN's website. Failure to comply with the reporting requirements may result in penalties.
2023 1099-K Laws Change … Again
November 21, 2023, CHANGES! Discover the latest IRS updates affecting photographers! Learn about the delay in the 2023 Form 1099-K reporting threshold and the phased implementation plan for a $5,000 threshold in 2024. Stay informed with Bastian Accounting for expert insights and guidance on navigating these changes. Compliant AF for your financial peace of mind!
How to find your Cost Of Doing Business (CODB) in for Photography Business
Understanding your Cost Of Doing Business in your Photography Business will help guide you to ideal pricing.
Bye Bye Entertainment Deduction
2018 tax changes have completely removed the entertainment part of the "meals & entertainment" deduction more details here...
What is the 1099 Form?
If are self-employed or own a small business, chances are you have received or may need to issue what the 1099 I will show you exactly what a 1099 form is ...
Travel Deductions for Photographers
When you are growing your business, meeting with clients, expanding your knowledge to help you propel your business forward, and traveling to get everything done, it is important to understand Travel Deductions.
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