Experiencing rapid growth can be both exciting and overwhelming for small business owners. While increased sales and customer demand are signs of success, scaling too quickly without the right systems can create stress, inefficiencies, and missed opportunities. The key is to prepare for expansion with tools and strategies that bring clarity and control. Recognizing the Signals of Rapid Growth Sudden growth often comes with clear signs: A surge in customer orders that strains your existing
The Corporate Transparency Act (CTA) mandates Bronx businesses to disclose Beneficial Ownership Information (BOI) to FinCEN, a federal initiative to combat financial crimes such as tax evasion and money laundering. As of today, 11-26-2024, Bronx business owners have 36 calendar days (or 27 business days) left to file their BOI reports with FinCEN—don't delay, as fines of $500 per day may apply for non-compliance. Action Plan for Bronx Businesses1. Confirm Your Filing Requirement Deadline: