Are mobile credit card readers a good choice for small businesses?How mobile technology works and how it can simplify your small business transactions. We've been hearing it for years, we're moving toward a cashless society. With 85% of Americans owning a smart phone that statement might not be so hard to believe anymore. Owners of brick-and-mortar retail stores have no doubt seen a rise in the percentage of customers paying with credit or debit cards. This cashless trend is a result of increased use of
The Corporate Transparency Act (CTA) requires businesses to report Beneficial Ownership Information (BOI) to FinCEN to increase financial transparency and prevent illicit activities. As of today, November 27, 2024, San Jose, California, business owners have 35 calendar days (or 25 business days) left to file their BOI report with FinCEN—act quickly to avoid fines of $500 per day! What You Need to Do:1. Determine if Your Business Must File. Most LLCs, corporations, and small businesses qualify as