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Category: Tax Services

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 (https://www.fincen.gov/boi). 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, LOGIN.gov or ID.me to gain continued access their business or individual...
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