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...