Glendora Chamber
Small Businesses Subject to New Federal Disclosure Rule – Penalty for Noncompliance
By CalChamber -February 15, 2024 A new and little-publicized federal rule requires certain small and private companies to file ownership information or face potential penalties.The Corporate Transparency Act (CTA), which went into effect on January 1, 2024, aims to combat illicit financial activity, including tax fraud and money laundering.Under the new legislation, businesses that meet certain criteria must submit a Beneficial Ownership Information (BOI) Report to the U.S. Department of Treasury Financial
Think Fast: Fundamental Changes Coming for Fast Food Chains
Writen by: Giuliana Gabriel, J.D., HR Compliance Director on Thursday, October 12, 2023: https://www.employers.org/ Although the writing has been on the wall, fast food chains need to prepare for fundamental changes in how they do business in California. In an agreement between labor and fast-food companies, the FAST Act (AB 257) has been repealed, but replaced with other terms under AB 1228. Some key takeaways are that a $20/hour minimum wage will go into effect on April 1, 2024, for workers at