Have you bought or sold business assets in an M&A deal in 2021 or are in the process of a transaction? If so, you must report the details to the IRS. The tax agency may then compare what both parties report to ensure they match.
Can your business claim a product is “Made in USA” or will using the phrase on labels or in ads lead to legal challenges? Although there’s no hard-and-fast rule, the FTC provides guidelines for origin claims.
Most of us are very happy to have turned the page on 2020. If you’re a business owner, after the confetti clears in 2021, make sure everyone at your company is thinking about ways to build the bottom line.