Attention small businesses.
The Corporate Transparency Act (CTA) went into effect on January 1, 2024, to help "prosecute and deter money laundering," to "deter tax fraud," and to deter the peaceful operation of small businesses whose owners don't have time to stay current on every new complex regulation.
Lawyer Lee Phillips said that CTA requires companies to file new sets of paperwork with the Financial Crimes Enforcement Network (“FinCEN”) and are essentially being investigated for a crime. Reporting is mandatory. Failure to comply with CTA carries a maximum fine of $500 per day up to $10,000 and criminal penalties, including up to two years in prison.
Simon Black says small businesses are targeted while large, publicly traded companies are specifically exempt from reporting under the CTA. So are hedge funds, banks, and other large financial entities. Heads-up, small business owners.
Many Republicans pride themselves on their chess-playing acumen. Dems write a tax increase bill, GOP players write one that doesn't increase taxes, and say, "We'll just checkmate these revolutionaries and WIN this one." Sometimes they do. But Since the Goldwater days, they've been whipped 90 percent of the time. So they study chess tactics harder.
In next three years, the Dems are rolling out an army of tanks. First mission: roll over every chess board and destroy them, leaving the elephants to wander around aimlessly, not knowing how to do politics.
How do we know this? Zoom calls over the last year. The Dems are done with chess.
Kunstler: "Democratic Party election ninja Marc Elias knocked himself out for two years registering new voters by the bale, as in manufacturing them. . . illegal aliens. . . homeless junkies. . . straight-up fictitious persons. . . in order to flood the zone with fake mail-in ballots, that is, in-your-face fraud. And the reason they did it was so ...
"No man is big enough to run this great Republic. There never has been one. Such domination was never intended. Tranquillity, stability, dependability—all are assured in party sponsorship. and we mean to renew the assurances which were rended in the cataclysmal war.”
Warren Harding, July 1920.