The CTA, BOI and FinCEN: What Does this Mean for Ormond Beach, FL Businesses?
The Corporate Transparency Act may require certain U.S. companies to disclose beneficial ownership information to FinCEN to combat financial crimes. While a Texas federal district court’s preliminary injunction puts this requirement on hold, many experts expect that to be overturned. In that event, failure to file could lead to fines of $500 per day, up to a maximum of $10,000, and possible criminal penalties. Read more for details on how this may impact your business in the future. 1. Determine if
How to Assess Potential Weak Spots in Your Business
Running a business can be a difficult and complex process. Every business owner wants to have their operations running like a well-oiled machine, but sometimes things can slip through the cracks or go unnoticed. To ensure your business is successful, it is important to identify and address any financial or operational problems as soon as possible. The Ormond Beach Chamber of Commerce has put together a list of key spots you can focus on when searching for weaknesses.Keep Cash Flow Consistent Cash flow is
