News and Insights | All posts tagged 'taxes'

Posts Tagged 'taxes'

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Government Impersonation Frauds: Understanding and Avoiding a Growing Threat

Fraudsters are increasingly using government impersonation fraud to deceive and exploit individuals. This form of scam involves criminals posing as officials from trusted government agencies to pressure victims into providing personal information or money. According to the Federal Trade Commission (FTC), over 330,000 reports of business impersonation scams and nearly 160,000 reports of government impersonation scams. These scams rely on fear, urgency, and the authority of government entities to manipulate targets, making them both effective and dangerous.

TAGS: Cyber Security, cyber attacks, fraud, impresonation, cybercriminals, Scams, money, finance, government, taxes, Social Security, AI, artificial intelligence, cyber attacks,

Business Owners: How to Avoid $591 in Fines Per Day

All small business owners need to be aware that there is a new federal law known as the Corporate Transparency Act that requires the filing of a “Beneficial Ownership Information (BOI)” form, which must be filed by January 1, 2025.

TAGS: Beneficial Ownership, Small Business, legal entity, taxes, financial, nonprofit, compliance, money laundering, financial crimes

Beneficial Ownership Transparency Safeguards Businesses and Global Financial Integrity

Beneficial ownership refers to the individuals who ultimately own, control or benefit from a business or legal entity. This can occur either by exercising substantial control or by holding at least a 25% ownership stake according to GreenBurgTraurig. Unlike nominal ownership, which may only be reflected in official documents, beneficial ownership offers transparency regarding who truly benefits from or directs the entity’s activities. This distinction is crucial in preventing the misuse of legal structures for illicit purposes.

TAGS: Beneficial Ownership, business, Small Business, legal entity, taxes, financial, finance, nonprofit, compliance, money laundering, Protect,

Understanding Social Security and Taxes

As retirement age approaches for millions of Americans, there is a growing need to understand the relationship between Social Security benefits and taxation. For many individuals, they remain unaware of the subtleties within the tax implications of these benefits, and the statistics paint a vivid picture of financial unpreparedness. Alarmingly, nearly two out of three (63 percent) of future retirees admit they lack confidence in their knowledge of Social Security.

TAGS: taxes, Social Security, social security deductions, Disability Benefits, Early Benefit Claims, Underreporting Income

News & Insights

Posts Tagged 'taxes'

Government Impersonation Frauds: Understanding and Avoiding a Growing Threat

Business Owners: How to Avoid $591 in Fines Per Day

Beneficial Ownership Transparency Safeguards Businesses and Global Financial Integrity

Understanding Social Security and Taxes

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