AB Law Blog

The Corporate Transparency Act and What It Means for Your Small Business

The Corporate Transparency Act and What It Means for Your Small Business

This law, passed in 2021, aims to crack down on financial crimes like money laundering and tax evasion by requiring many businesses to disclose information about their owners. While this might sound like an added burden, it’s essential to understand how it affects you and what steps you can take to comply. In this article, we’ll break down the basis of the law, its potential impacts on your business, and what you need to know to comply with the CTA’s provisions. We’ll also show you how to get support to ensure your business is compliant…

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The Supreme Court Case All Business Owners Should Know About

The Supreme Court Case All Business Owners Should Know About

The recent decision in a case called Connelly v. United States handed down on June 6, 2024, has far-reaching implications that could hit you right in the wallet. This case fundamentally changes how the IRS values businesses, potentially leading to higher estate taxes for you and your family…

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