Tuesday, June 18, 2024
San Gabriel Valley ROP Secures 10 Million Grant to Enhance CTE
Thursday, February 15, 2024
Small Businesses Subject to New Federal Disclosure Rule – Penalty for Noncompliance
By CalChamber -February 15, 2024 A new and little-publicized federal rule requires certain small and private companies to file ownership information or face potential penalties.The Corporate Transparency Act (CTA), which went into effect on January 1, 2024, aims to combat illicit financial activity, including tax fraud and money laundering.Under the new legislation, businesses that meet certain criteria must submit a Beneficial Ownership Information (BOI) Report to the U.S. Department of Treasury Financial
