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The Internal Revenue Service requires businesses to submit informational returns when certain payments (or withholding) are made during the year. The following is a summary of filing requirements for some of the different 1099 forms, the due dates, and possible penalties for incorrect filing. Employee v. contractor: Which is right (and legal) for your […]
How AI is Enhancing the Back Office Artificial intelligence (AI) is fast evolving from an experimental, emerging technology to a critical tool for real estate firms. In 2023, a survey of 750 real estate CFOs reported: 97% of real estate firms were actively interested in AI 14% were already using AI 28% were in early-stage […]
As we approach the close of 2024, here are some timely updates and planning opportunities for cross-border businesses, their owners, and families with global ties. Updates and planning for businesses: Beneficial Ownership Information (BOI) Existing businesses have until January 1, 2025, to file their initial BOI reports. This is not part of a tax […]
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