PSP Law

01/18/2024

CTA FinCEN Filing Requirements

What would you do if you were fined $10,000 just for failing to file a report regarding your business? That is exactly what can happen if you do not comply with the Corporate Transparency Act. What Are the Potential Penalties for Noncompliance with the Corporate Transparency Act? The potential penal...

01/16/2024

The Corporate Transparency Act requires every business to file a disclosure report to the Financial Crimes Enforcement Network.

The Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Department of Treasury will be overseeing the corporate reporting disclosure filings. This is the same agency that oversees the disclosures of U.S. residents with foreign bank accounts. FinCEN’s main mission is “to safeguard the financial system from illicit use and combat money laundering and promote national security through the collection, analysis, and dissemination of financial intelligence and strategic use of financial authorities.” According to FinCen’s FAQ, the main objection under CTA, is to “make it harder for bad actors to hide or benefit from their ill-gotten gains through shell companies or other opaque ownership structures.”

Contact PSP Law for more information. [email protected]

01/01/2024

Do you own a business that is registered with the state of Tennessee?
If you do, are you aware of the Corporate Transparency Act that was enacted in 2021? ALL businesses registered with the Secretary of State must register with FinCEN. The CTA goes into effect today.
Let PSP Law determine if you are required to register or if your company is exempt.
The penalty for not filing is punishable by civil penalties of $500 for each day the violation continues and criminal penalties of imprisonment of up to 10 years and fines of up to $500,000.
Private message to set up your appointment.

03/08/2022

If you think you may qualify please give my office a call. 615-845-7277

CINCINNATI (WKRC) — Parents or others who care for dependents may be eligible for an $8,000 tax credit but they have to ask for it. The Child and Dependent Care Credit may benefit families if they make below $125,000 adjusted gross income. The credit is to help take care of 50% of qualifying e...

04/12/2020

Children and grown-ups alike across Cheatham County received a sweet surprise during the week of Easter. Since many Easter Bunny photo sessions and egg hunts w

03/25/2020

If your business has suffered from the COVID 19 crisis, you may be eligible for the Economic Injury Loan. The purpose of the loan is for:
Accounts payable
fixed debts
payroll
other bills due to the virus

If you are having trouble paying any of the above listed, please call PSP Law and let us assist you in filling out the documents to obtain the Economic Injury Loan.

10/17/2019

PSP Law is now doing Tax Resolution work...don't let the IRS put a lien on your assets.

11/02/2018

Just Smile:

A Wellness Tip from the Attorney Well-Being Committee

Positive psychologists have also found that smiling evokes positive emotions in the person who smiles, as well as those who see the smiling face. Whenever the situation is appropriate, be aware of your surroundings and try making eye contact with people nearby and smile. In addition, smiling can help you convey a positive attitude and reasonableness, even during difficult telephone conversations that could otherwise become unpleasant or even confrontational.

10/18/2018

The ruling caps a class action suit that challenged a state law that allowed officials to revoke someone's license if they didn't pay a traffic ticket.

08/22/2018

Don't let this happen to you, contact PSP Law today to discuss your estate planning needs.

When legendary singer Aretha Franklin died, she did not have a will or trust. Her four sons have filed a document listing themselves as interested parties, reports say.

08/02/2018

A federal appeals court ruled Tuesday in a 2-1 decision that the Second Amendment protects the right to openly carry a gun for self-defense outside of the home.