News
Unpacking the CTA, BOI and FinCEN for South Padre Island, TX Businesses
The Corporate Transparency Act may require certain U.S. companies to disclose beneficial ownership information to FinCEN to combat financial crimes. While a Texas federal district court’s preliminary injunction puts this requirement on hold, many experts expect that to be overturned. In that event, failure to file could lead to fines of $500 per day, up to a maximum of $10,000, and possible criminal penalties. However, filing your Beneficial Ownership Information (BOI) report will help you avoid fines
Don't Make These Financial Mistakes as a South Padre Island Small Business Owner
As a small business owner, you have a lot of parts to play. From managing day-to-day operations to keeping an eye on the bottom line, there's always something that needs your attention. However, one area you can't afford to neglect is your finances. Poor financial management is one of the leading causes of small business failure, so it's important to make sure you're doing everything you can to avoid making common mistakes. In this article, ZenBusiness takes a look at some of the most common financial
