ACA Health Coverage Reporting Requirements
Employee health coverage is a significant part of many companies’ benefits packages.…
SIGN-UP
NEWSLETTER
Stay informed by subscribing to our monthly enewsletters. Make your selections below. Thank you.
By submitting this form, you are consenting to receive marketing emails from: . You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact
CAREERS
Ready to take the next step in your accounting career?
We are always looking to add CPAs or CPAs-in-process interested in working with a growth-oriented firm. Learn more about the opportunities at SKP, our culture, and what it would be like to be a part of our team.
BLOG
New Beneficial Ownership Information Reporting for Small Businesses
Beginning on January 1, 2024, new Beneficial Ownership Information (BOI) Reporting for small businesses in the United States may require reporting information about their beneficial owners, i.e., the individuals who ultimately own or control the company, to the Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Department of the Treasury.
Reporting entities include:
- LLCs, single member LLCs, or corporations,
- With fewer than 20 employees, and
- Less than $5 million in gross annual revenue.
Read our blog post to learn more about beneficial owners, the information being requested, deadlines, and our recommendations.
WHAT YOU CAN EXPECT FROM US
Focused on your financial future
CPAs have long been considered by their clients as trusted advisors. This has never been truer than in current times.
Between the pandemic, inflation, supply chain issues, and labor shortages, running a business these past few years has been extremely challenging. Yet, small- and medium-sized business owners are determined and optimistic about the future.
In fact, research tells us the majority of small business owners in the US believe that the worst is behind them and see opportunities for growth. They are focusing on marketing and promotion, investing in technology, and increasing the number of employees.
For nearly 25 years, SKP Advisors has helped hundreds of small- and medium-sized businesses focus on their financial futures. From advising on managing cash flow to deciphering complicated tax laws to obtaining new capital to managing payroll costs, we will help you find ways to cut costs, maintain liquidity, and prioritize expenses to keep your business operational and positioned for growth.
SKP Advisors will also help with tax strategies, strategic planning, and many other services you can read about on our website.
You can expect us to be your trusted advisor, receiving our focused attention and proactive services. We look forward to the opportunity to serve you.
Thank you, Rich Pavano
