News & Tips - Augustedge, PLLC

Alabama Federal Court Rules Corporate Transparency Act Unconstitutional

Article Highlights: Alabama Federal Court Decision Corporate Transparency Act Purpose Court Ruled Act Overreached Implications Financial Crimes Enforcement Network (FinCEN) FinCEN March 5, 2024, Announcement Status of Reporting Pending Appeals by the Treasury Department In a landmark decision on March 1, 2024, a federal district court in Alabama declared the Corporate Transparency Act (CTA), a piece of legislation aimed at combating money laundering, unconstitutional. [...]

By Augustedge Staff|2024-04-02T18:15:37+00:00April 2, 2024|News|Comments Off

The Tax-Filing Deadline Is Drawing Near

Article Highlights: Extensions Balance-Due Payments Contributions to Roth or Traditional IRAs Individual Refund Claims for the 2020 Tax Year Missing Information As a reminder to those who have not yet filed their 2023 tax returns, April 15, 2024, is the due date to either file a return (and pay the taxes owed) or file for an automatic extension (and pay an estimate of the [...]

By Augustedge Staff|2024-04-02T18:10:17+00:00April 1, 2024|Taxes|Comments Off

The Importance of Separating Personal and Business Finances

One fundamental financial practice that often gets overlooked, yet holds immense importance, is the separation of personal and business finances. By maintaining distinct bank accounts and credit cards for business transactions, small business owners can streamline bookkeeping processes, ensure accurate expense tracking, and foster clarity in financial management. Importance of Separating Personal and Business Finances: The intertwining of personal and business finances can lead [...]

By Augustedge Staff|2024-03-04T19:15:15+00:00March 8, 2024|Financial Planning|Comments Off

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