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You matter. It’s an easy thing to forget with the overwhelming obligations and responsibilities most people have, but you matter. Everyone, including you, must practice self-care to ensure their happiness and peace of mind. Disconnect From Technology The connectivity provided by technology comes with several benefits, but they have just as many drawbacks. Companies design phones to be addictive. Your brain releases a little dopamine whenever you get a notification, not unlike a slot machine. That’s why we constantly check our phones, even when they don’t ring or vibrate. Meanwhile, studies correlate heavy social media usage with profound feelings of loneliness and depression. Everyone needs to distance themselves from technology every so often. Try leaving your phone at home when you go outside or set a specific no-screen time. Better yet, dive into nature. Practice yoga in the park or hike through the woods and breathe in the fresh air instead of scrolling. Dream More Our bodies demand that we spend about a third of the day sleeping, and it does so for a reason. Almost every cell needs time to refresh and renew. But many people continue to shrug off sleep, which falls to the bottom of their priorities. Take the time to increase your sleep quality. It helps almost every part of your body, from brain to toe. To do so, implement positive sleep habits. Don’t watch TV before bed, keep your bedroom dark, and put your phone on “do not disturb.” Self-Care Tips for a Happier and Healthier You
Attention Business Owners: U.S. Government Requires Beneficial Ownership Information Before 2025 If you own a business or LLC or plan on starting one this year, this is for you. Then there is something you need to know: The Financial Crime Enforcement Network, or FinCEN for short, under the authority of the U.S. Department of the Treasury, now requires that all businesses, new and existing, submit beneficial ownership information reports. While these are simple enough to file, failure to do so before January 1, 2025, could result in substantial fines. What is a business ownership information report? As of January 1 this year, FinCEN requires that all businesses submit beneficial ownership information reports. This is being implemented to curb financial corruption and ensure businesses
are being administered legally and legitimately. Thankfully, these reports are not an annual requirement and only need to be submitted once. Companies are required to provide the following details of each owner before January 1, 2025:
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First and last name
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Date of birth
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Primary address
In addition, business owners must provide information regarding the ID number and issuing authority of one of the following:
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U.S. Driver’s License
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U.S. Passport
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State Identification Card
Indulge Yourself It’s all too easy to devote our lives to other people, but taking time for ourselves is essential. Some me-time lets you get some perspective through joy. Once a month, push the responsibilities away and spend the day doing what you love. If you want a spa day, get a massage. If you’d prefer to paint figurines in your basement, that’s all you. We spend most of our time in our heads, preoccupied with our thoughts and focused on our obligations. It’s not good for our mental health. The sheer weight of life is heavy on our shoulders and minds. Ease those worries and anxieties by putting the phone away, getting a good night’s sleep, and spending quality time with ourselves.
• A non-expired foreign passport will suffice if none of the above are available.
If you are not a current business owner but are instead starting a business in 2024, you will have 90 calendar days after registering or creating your business to file. Failure to do so will result in fines, which are detailed below. What happens if I don’t file? A business must submit the requisite information before January 1, 2025, or within 90 calendar days if the company was founded in 2024, or it will be subject to severe financial penalties. These penalties include $500 for each day the violation continues, two years imprisonment, and/or a fine of up to $10,000. Now that you know about the FinCEN requirement, you are better equipped to be a business owner in 2024. Registering in time and avoiding penalties will give you a leg up over those who fail to keep on top of new regulations as you have.
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