KYC regulations are an essential component in combating money laundering and other financial crimes. Adherence to these regulations ensures organizations and financial institutions manage their risk and prioritize fraud prevention. KYC regulations are designed to help protect banks, businesses, and individuals from criminal activity and financial loss. In this blog post, we will discuss the […]
As tax season approaches, preparers around the country are gearing up for long hours, stressful days, and many cups of coffee. Often, these preparers find themselves hounding business clients for information regarding clients, vendors, and subcontractors and throwing the number “1099” around like it’s the winning lottery number. What people may not realize is that […]
In case you aren’t looking to read further, the short answer is most likely. But what does that mean for you and your small business? For those looking to get a bit more information, here’s why. As many are aware, President Biden recently signed the Inflation Reduction Act into law. As part of the new […]
The Employer Identification Number (EIN) is a nine-digit identifier specific to your business issued by the International Revenue Service (IRS). You can think of an EIN as something similar to a Social Security Number, as it is used to differentiate you from other businesses for tax purposes. But how do you look up a company’s […]
So, what is a FEIN? The Federal Employer Identification Number (FEIN), also known as an Employer Identification Number (EIN), is a unique nine-digit number used by individuals and business entities to identify themselves for tax purposes to the Internal Revenue Service (IRS).