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This briefing highlights key business and financial trends in late 2024. Topics include the rise of passive income opportunities, such as selling graphic design templates, and the importance of financial literacy in investing, emphasizing diversification and caution with speculative assets. The U.S. Treasury's extension of the deadline for small businesses to comply with Beneficial Ownership Information (BOI) reporting is also discussed, alongside potential penalties for non-compliance. Additionally, OpenAI’s transition to a for-profit structure and the significant tax implications for lottery winners are explored. These trends underscore the need for informed decision-making in an evolving economic landscape.
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