Articles
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Securing Your Digital Legacy: Planning for Digital Assets in Your Estate
You may have heard the expression “whatever you put online is there forever.” That aphorism is true, but have you thought through what it means for your digital legacy and digital assets once you can no longer manage them? Modern estate planning has adapted to...
Submission Deadline for FinCEN BOI Report on Hold. Again.
The submission deadline for the Financial Crimes Enforcement Network's (FinCEN) Beneficial Ownership Information (BOI) Report required under the Corporate Transparency Act (CTA) has been put on hold. Again. Initially, the deadline to file the BOI report was January 1,...
The New FTC Non-Compete Rule: What You Need to Know
The Federal Trade Commission (“FTC”) issued a Final Rule banning noncompete agreements nationwide. Under the FTC’s new Rule, existing Non-Compete agreements for most workers will no longer be enforceable after the Rule’s effective date. Right now, employers should pay attention to this issue and wait to see whether the Rule is enjoined or if an effective date is established. Please contact Pohlman Law Group if you have any questions about the new final rule or its impact.
The Corporate Transparency Act: Short Instructions for NEW Businesses
The Corporate Transparency Act (CTA) was enacted in 2021 and aims to fight illicit activities like tax fraud, money laundering, and financing for terrorism. The Act seeks to capture more ownership information for specific U.S. businesses operating in or accessing the...
The Corporate Transparency Act: Short Instructions for EXISTING Businesses
A business established before January 1, 2024, must provide information regarding the business and its beneficial owners by January 1, 2025 to comply with the Corporate Transparency Act. Does My Business Meet An Exemption? There are 23 types of companies that are...
Explaining the Corporate Transparency Act
The Corporate Transparency Act (CTA) went into effect on January 1, 2024, and stands to impact millions of small businesses across the U.S.-- including yours! What Is The CTA? The CTA, enacted in 2021, is aimed at fighting illicit activities like tax fraud, money...
Agreements with Creditors
Agreements with creditors didn’t shield the President from the trust fund recovery penalty. The trust fund recovery penalty, which applies to the failure to withhold the proper amount of taxes from employees' pay and to pay such amounts to the IRS, can be imposed on...
Top Tips Every Taxpayer Should Know About Identity Theft
Identity theft is an ongoing issue that typically occurs externally of the tax administration system and attacks someone's personal information that has been either lost or stolen. Once the identity is taken, the identity thief will use that victim's information to...
Small Business Assistance From the IRS
The business lawyers of Pohlman Law Group PLC acknowledge that one of the best ways for our firm to serve our clients and keep legal expenses down is by helping them identify informational resources that they can access when they have questions about commerce or tax...
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