Secretary Browne Applauds Expansion Of Child And Dependent Care Enhancement Tax Credit For Over 200,000 Pennsylvania Families
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Schuylkill Chamber Foundation launches entrepreneurial development program, IGNITE Schuylkill, supported by $100,000 grant pool (POTTSVILLE, PA – January 23, 2024) - The Schuylkill Chamber Foundation is thrilled to unveil its pioneering ...
If buying a home for the first time is a goal for 2024, take note. Tompkins Community Bank recently announced its participation in the 2024 Homebuyer Dream Program (HDP). The program, offered through the Federal Home Loan Bank of New York (FHLBNY), ...
The Schuylkill Chamber of Commerce is proud to welcome AJ Serrano, its newest intern, to the Chamber team!
Happy 10th birthday, Red White and Blue Autos! 🥳🎉🎂 As you celebrate this milestone, take a moment to reflect on the early days when your doors first opened in January 2014. It's quite a story – even facing a snowstorm on the second ...
Heim Construction Co. Inc. collaborated with the Servants to All Homeless Center for Schuylkill County to initiate and manage a charitable program. Staff members at Heim gathered and contributed clothing, food, and personal care items for the local ...
Corporate Transparency Act:
What it means: The Corporate Transparency Act (CTA), which went into effect on January 1, 2024, may require small businesses to report information about ownership to the government. This law aims to combat illicit activity including tax fraud, money laundering, and financing for terrorism by capturing more ownership information for specific U.S. businesses operating in or accessing the country's market. Under the new legislation, businesses that meet certain criteria must submit a Beneficial Ownership Information (BOI) Report to the U.S. Department of Treasury's Financial Crimes Enforcement Network (FinCEN), providing details identifying individuals who are associated with the reporting company.
Why it matters: The CTA will impact millions of small businesses across the U.S. Knowing the intricacies of this act and its potential impact is essential for small businesses. Otherwise, they may incur minimal or civil penalties for not filing or updating this report.