News & Insights

News Banner
Main

Posts Tagged 'taxes'

We are pleased to present below all posts tagged with 'taxes'. If you still can't find what you are looking for, try using the search box.

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.

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.

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.

Curious about Integro360SM?

Learn More

View Our Credit Card Options

Business  Personal

Integro Logo in White

Helping small business maximize growth and employment.

©Copyright 2024 Integro Bank. NMLS #2386353. All Rights Reserved.