Most small business owners review their books at tax time. That review meets the compliance requirement, but it leaves ten or eleven months of the year with no visibility into how the business is actually performing. A short monthly review of a handful of figures, alongside the books your bookkeeper is already producing, can surface…

The past year has been a period of significant change for U.S. trade policy. A wide-ranging set of tariffs was put in place in 2025, several major court rulings have since reshaped which of those tariffs remain in effect, and a refund process is now underway for businesses that paid duties that were later struck…

Under the Corporate Transparency Act, entities exempt from beneficial ownership reporting include government bodies, banks, credit unions, publicly traded companies, and certain tax-exempt organizations. This article outlines who is exempt from beneficial ownership reporting and the specific criteria they must meet. Key Takeaways The Corporate Transparency Act mandates beneficial ownership reporting to increase transparency and…

The Corporate Transparency Act requires certain companies, referred to as “reporting companies,” to file a Beneficial Ownership Information Report to disclose individuals who qualify as beneficial owners. A beneficial owner is defined as someone who directly or indirectly exercises substantial control over a reporting company or owns or controls at least 25% of the ownership…