The Corporate Transparency Act is crucial because it requires companies to disclose who really owns them. This helps fight illegal activities like money laundering and terrorism funding. By making businesses more transparent, it boosts trust in the financial system and holds business owners accountable.

The overtime rule for exempt employees ensures that workers are fairly compensated for any extra hours they work. This helps protect employees from overwork and ensures they're compensated fairly for their time and effort.

As the end of the year approaches, this checklist will serve as a useful tool to help your team efficiently close out the current year while also preparing for the next 12 months and beyond.

Strong internal controls are imperative to safeguard a company's assets. As you review this checklist, any item answered "No" could mean there is a gap in your control structure that should be addressed.

Learn how to strategically hire a contract CFO.