📌 Compliance Deadlines Every Small Business Should Know in 2025

🔍 Corporate Transparency Act: Nearly every U.S. small business must now
file a Beneficial Ownership Information (BOI) report with FinCEN. Miss the deadline? Fines can be up to $500 per day.
📎 Learn more: https://lnkd.in/gg-7TJRx

⚖️ Wage and hour law changes: Multiple states—CA, NY, CO, and WA included—are updating overtime thresholds, paid leave rules, and contractor classifications. That means you may need to adjust pay or recalculate who qualifies for overtime.
📎 See your state labor board for specifics.

💸 App-based income reporting: If your business uses Venmo, PayPal, or Cash App to accept payments, you may get a 1099-K this year once totals exceed $5,000—even if you're a sole proprietor.
📎 IRS update: https://lnkd.in/gM4cCcUq

🛡️ Cyber risk & fraud compliance: With increased phishing and ransomware attacks, your financial systems must include secure backups, strong passwords, and two-factor authentication.

✅ What to do now:
*File your BOI report.
*Review employee classifications and pay rates.
*Track digital payments accurately.
*Audit your data security practices.

Need help reviewing your books or tightening compliance? Let’s talk.