Category: Business News

The Corporate Transparency Act (CTA) is federal legislation that will require LLCs and corporations with fewer than 20 employees to start reporting ownership information to the federal government in 2024. Here are details that may apply to your small business.

As the owner of a limited liability company (LLC) or a corporation with few or no employees, you may want to zone out when you hear news about the Corporate Transparency Act (CTA). The name of the legislation makes it sound like it should apply to big corporations, not small businesses. Furthermore, the CTA is intended to help stop money laundering and other fraud. And the rule to implement the legislation came from the Financial Crimes Enforcement Network. So the law shouldn’t concern your small business. Right?

Wrong.

In fact, LLCs and corporations with fewer than 20 employees are specifically targeted by the Corporate Transparency Act. Here’s what you need

If you received a PPP loan for your business during the pandemic, you may still be able to get forgiveness for the loan. We’ll discuss the requirements and steps for applying.

As we enter 2022 and the third year of the “new normal” with COVID-19, many small businesses are still struggling. The U.S. Small Business Administration (SBA) has helped many of those businesses with programs like the Paycheck Protection Program (PPP), COVID-19 Economic Injury Disaster Loan (EIDL), and the Targeted EIDL Advance, but those ended in 2021. However, if your business received a PPP loan, you may still be able to apply for loan forgiveness.

The PPP was intended to help businesses that have been hit hardest by the pandemic keep their workers on the payroll. It was meant to be a forgivable loan, provided certain criteria were met. The forgiveness is not automatic; businesses still must apply for it.

Have you noticed small businesses like yours offering more perks and started to wonder if you should do the same? While it’s true that employee benefits packages can help you attract and keep talent, you need to know which extras to offer your team. Otherwise, you’ll end up underwhelming your staff and wasting your money.

Here’s our list of modern employee benefits that small businesses like yours can offer. We’ve included the top twelve types, which business types and staff members they’re best suited to, and some tips for implementing them.

1. Early access to wages

An early cashout option has widespread appeal. Letting your staff receive a portion of their wages before payday gives them the flexibility to deal with unexpected expenses like car trouble or burst water pipes more easily.

As you’re researching the best phones to use, you’ve likely come across some wireless VoIP phone options. These are phones that connect to a wireless network and don’t require messy bundles of cables around desks.
They also make it super easy to move desks and even expand your office as you grow.
To make wireless VoIP phones work for your setup, you can’t just pick any phone you find. The range you’re looking to cover with your phones, as well as the features you need, play a huge role.
In this guide, we’ve analyzed and listed 11 of the best wireless VoIP phone options on the market.

Top 11 wireless VoIP phones

1) Gigaset C530IP

Gigaset C530IP is a hybrid cordless phone that can use DECT and VoIP technologies concurrently.
It’s a breeze to set up and start using right away, and it’s an ideal option for a small office.

If you’re thinking about starting a business, you should know there are some situations in which your personal assets may be at risk. If you have significant personal property, including but not limited to a home, cash savings, or ownership of assets like stocks and bonds, those holdings could be in jeopardy if you’re held personally liable for a legal issue, or if you’re personally attached to a loan.

Fortunately, with the help of asset protection strategies, you can shield your property from these potential risks. So what steps can you take to protect your personal assets when starting a business?

Separate the business

The first and potentially most important thing you can do to protect your personal assets is to create a business entity that’s separate from you, personally. There are several types of business entities you can create, each with their own advantages and disadvantages.

For example, if