If you're a business owner, it's important to know that a new law has gone into effect as of January 1, 2024, mandating corporations and LLCs to report information about their beneficial owners to the Financial Crimes Enforcement Network (FinCEN) of the U.S. Department of the Treasury. This new law is called the Corporate Transparency Act (CTA), and it aims to combat money laundering and terrorism financing by increasing transparency in business ownership.

With as much going on during the COVID 19 pandemic, people needed assistance when it came to sorting out their accounts and their books. They were working on processes that would allow them to get through processes and coordinating with experts who knew a little more about their industry so that they could make a difference. While most of these processes can be handled individually, there are aspects they have to get through with professionals who would be capable of incorporating the changes taking place and the new rules and amendments passed.

On the surface, running payroll may sound like a simple task: you put in your employees’ hours and rate or weekly salary, calculate the amount for that payroll, and pay them, right? Wrong. Many small business owners don’t realize that payroll calculation involves more than multiplying hours worked by the hourly rate each pay period. As experts in the field, we at PGL3 Services LLC want to help you understand why you shouldn’t DIY your payroll.

We are delighted to announce the launch of our new website!

New Website Coming Soon!