Year: 2023

FinCEN Beneficial Ownership Reporting

December 8, 2023 by Allison Stevens
Tax Services
The Corporate Transparency Act from 2021 (CTA) created new reporting requirements that will impact many businesses.  Certain companies will need to disclose their beneficial owners through filings with the Financial Crimes Enforcement Network (FinCEN) beginning on January 1, 2024.  The report will be filed through FinCEN’s website ( Who is...
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Multi-factor Authentication Now Mandatory for EFTPS

November 10, 2023 by Zach Schwartz
Tax Services
What has Changed: Effective October 19th, 2023, the Electronic Federal Tax Payment System (EFTPS) has instituted multi-factor authentication into their login system with a goal of increased account security. Users must register with one of two secure sign-in applications, or to gain continued access their business or individual...
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Secure Act 2.0 and Your 401(k) Plan

July 12, 2023 by Stephanie Leduc
Audit & Accounting
The SECURE 2.0 Act (Secure 2.0) was signed into law on December 29, 2022 by President Biden. With the law comes several important changes to employee benefit plans, including 401(k) plans. Below are the top 4 items that will impact 401(k) plans in the coming years. 1. Requirements for automatic...
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