Business Resources to Help You and Your Employees
The Employee Retention Tax Credit Can Be Claimed Retroactively into '24 and '25
Paychex customers, including those using our ERTC Service, have received, on average, $177,900 in credit.
BOI Reporting in 2024
Some businesses will have additional reporting requirements starting in 2024 after the U.S. Treasury's Financial Crimes Enforcement Network (FinCEN) issued a mandate in an attempt to help prevent money-laundering activities.
Generally, limited liability companies, S corporations, C corporations, and others will have to report Beneficial Ownership Information (BOI) based on whether individuals qualify.
Reporting deadlines recently were extended, but businesses should begin checking on whether they are eligible or exempt.