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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.
"The problem with the evangelical elite is that there isn’t one. All too few evangelical Christians hold senior positions in the culture-shaping domains of American society. Evangelicals don’t run movie studios or serve as editors in chief of major newspapers or as presidents of elite universities. There are no evangelicals on the Supreme Court. There are hardly any leading evangelical academics or artists. There are few evangelicals at commanding heights of finance. The prominent evangelicals in Silicon Valley can be counted on one hand. There are not even many evangelicals leading influential conservative think tanks and publications, despite the fact that evangelicals are one of the largest and most critical voting blocs in the Republican coalition. Two domains are exceptions that prove the rule: politics and business."
Aaron Renn
On the way to Brussels for the European Council summit, Prime Minister Orbán warned that despite a long and diverse agenda, the coming days will be defined by a single, decisive question: war or peace.
It will be a volatile summit, with long-lasting consequences. Hungarian PM Orbán draws a clear distinction between those advocating continued military and financial aid to Ukraine and those calling for restraint.
Hungary, he emphasized, belongs to the latter group. “We say that no strategic decisions should be taken now,” the prime minister said, arguing that the EU should support ongoing American peace efforts and wait for the outcome of U.S.-Russian negotiations rather than making irreversible commitments.
A particularly contentious issue is the future of frozen Russian assets. PM Orbán explained that until recently, the continuation of asset freezes required unanimous approval by member states every six months, allowing Hungary to express its opposition. He said this legal ...
Today marks the 250th anniversary of the birth of fiction author Jane Austen, who examined ordinary, day-to-day, small-town family life within an Overton window-frame which once included Biblical civilization and ethics.
The world of Jane Austen's generation was rapidly pivoting the Overton window to a secular worldview, and so were the cultures of contemporary nations.
Lord David Cecil, a biographer of Miss Austen, noted this comparison between authors:
"If I were in doubt as to the wisdom of one of my actions, I should not consult Flaubert or Dostoyevsky. The opinion of Balzac or Dickens would carry little weight with me: were Stendhal to rebuke me, it would only convince me I had done right: even in the judgment of Tolstoy I should not put complete confidence. But I should be seriously upset, I should worry for weeks and weeks, if I incurred the disapproval of Jane Austen."
