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Important information that may affect you! Corporate Transparency Act - Webinar Recording

Important information that may affect you! Corporate Transparency Act - Webinar Recording
The Corporate Transparency Act will create significant privacy concerns for families, family business and family offices. Specifically, this bill: Requires corporations and limited liability companies disclose their true, beneficial owners to FinCEN at the time the company is formed. Establishes minimum beneficial ownership disclosure requirements: companies must provide beneficial owners’ name, date of birth, current address, and driver’s license or …

IRS Clarifies Payroll Tax Deferral Is at Employer’s Discretion

IRS Clarifies Payroll Tax Deferral Is at Employer’s Discretion
During an Internal Revenue Service monthly payroll teleconference today, Kelly Morrison-Lee, an agency attorney, confirmed that the payroll tax deferral is optional at the discretion of the employer. This confirms that employers, not employees, have the choice of whether or not to implement the tax deferral. Therefore, an employer is not obligated to implement the deferral for employees who wish …

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