In 2024, businesses face significant regulatory changes impacting operations and compliance. Exemptions under FinCEN regulations apply to businesses with over 20 employees and $5 million in sales, leaving approximately 32 million small businesses subject to stringent personal information registration with FinCEN. Despite legal challenges, the regulation comes into effect in 2024, with extended deadlines – Jan. 1, 2025, for existing businesses and 90 days for new ones. Non-compliance penalties could reach $10,000, adding financial strain. The Internal Revenue Service (IRS) deferred reporting requirements for payments over $600 to 2024, aiming to avoid confusion and combat discrimination, but critics argue it may impede the loan process. The National Labor Relations Board has revised the joint-employer rule, extending liability for unfair labor practices to businesses making shared decisions about employees.