Tax Relief for Victims of Hurricane Debby

Tax Relief for Victims of Hurricane Debby The IRS has granted certain tax filing relief because of Hurricane Debby, and you may be affected.  South Carolinians whose tax returns are due on or after August 4, 2024, and before February 3, 2025, now have until February 3, 2025, to file.  The Internal Revenue Code authorizes […]
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The Corporate Transparency Act

The Corporate Transparency Act In January 2021, Congress enacted the Corporate Transparency Act (the “CTA”) by overriding President Trump’s veto.  The CTA becomes effective January 1, 2024, and will significantly increase reporting requirements for many existing corporations, limited liability companies (“LLCs”), and other entities.  Businesses failing to comply with the CTA will incur significant civil […]
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