Posts Tagged ‘business tax’

Important Information on the Corporate Transparency Act Reporting Requirements in the United States

By: KJMLAW Partners
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A photo of a woman typing on a laptop, featuring overlays of various applications.

There is a significant regulatory development that may impact your business operations—the Corporate Transparency Act (“CTA”). Enacted as part of the National Defense Authorization Act for Fiscal Year 2021, the Corporate Transparency Act introduces new reporting requirements for beneficial ownership information (“BOI”), aimed at enhancing corporate transparency and preventing financial crimes. Overview of the Corporate Transparency Act The Corporate Transparency Act mandates that certain entities disclose BOI to the Financial […]

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How To Reduce Capital Gains Taxes

By: KJMLAW Partners
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A photo of the Internal Revenue Service office.

The recent passage of the Tax Cuts and Jobs Act (TCJA) increased interest in C Corporations. The Act permanently reduced the federal income tax rate on C Corporations from 35% to 21%. The widespread media coverage has led company founders, shareholders, and investors to ask whether they would benefit from being a C Corporation. There is another less publicized provision of the IRS Code that may also benefit shareholders of […]

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KJMLAW Partners
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