FinCEN's Nearly $7 Billion Tax On Small Businesses (Mostly)

Under the Corporate Transparency Act, reporting entities formed before January 1 of this year must file their beneficial ownership information reports with the Financial Crimes Enforcement Network (aka the FinCEN). As this deadline nears, I have...

Is The FinCEN Laying The Foundation For The G.O.A.T. Data Breach?

On May 29, 1453 the walls of Constantinople had stood unbreached for more than a thousand years.  Yet on that day, the army of Sultan Mehmed II was able to force entry into the city through the Gate of St. Romanus.  The Byzantine Emperor Constantine...

The Corporate Transparency Act - A Nightmare From Which Small Businesses Are Trying To Awake?

As the new year begins, businesses of all sizes will have to contend with the federal Corporate Transparency Act. The CTA is part of the 1,482 page William M. (Mac) Thornberry National Defense Authorization Act For Fiscal Year 2021 which Congress...

1