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
9 Tips to Maintain a Healthy Cash Flow for Your Ormond Beach Small Business
As a small business owner in Alamogordo, it's important to keep a close eye on your cash flow. After all, cash is the lifeblood of any business. Without it, you won't be able to meet your financial obligations or take advantage of opportunities as they arise. So, how can you ensure that your small business has a healthy cash flow? The Ormond Beach Chamber of Commerce lists nine tips to help you out:1. Lease Equipment Rather Than Buying It One way to save money and improve your cash flow is to lease
