As we previously posted, the Beneficial Ownership Information Reporting Rule (BOI Rule) of the Financial Crimes Enforcement Network of the U.S. Treasury (FinCEN) was scheduled to take effect January 1, 2024. The BOI Rule requires companies such as corporations, limited liability companies, and other entities created to report information about their beneficial owners. FinCEN is now accepting BOI reports, which can be filed here.
Read MoreRecently we are seeing a significant increase in the number of audits of small businesses being conducted by the New Jersey Department of Labor (DOL). Facing a DOL audit can be daunting, but being prepared and knowing how to handle it can help you minimize the risk of fines and penalties. Here are five tips for dealing with a DOL audit.
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