Small Business March 24, 2025
The interim final rule issued by the Financial Crimes Enforcement Network on March 21 marks the end of an on-again, off-again saga for millions of small businesses that began in late 2024.
Small Business March 7, 2025
The Trump administration recently announced that it is halting all enforcement actions tied to the Corporate Transparency Act; however, small businesses are not out of the woods yet.
Small Business March 3, 2025
As you can imagine, there have been many views expressed on the Treasury Department's announcement Sunday evening that it will no longer enforce the Corporate Transparency Act or the associated beneficial ownership information reporting requirements.
Small Business February 28, 2025
The March 21 BOI reporting deadline is no longer in effect, and no fines, penalties, and enforcement actions will be taken until a forthcoming interim final rule from FinCEN becomes effective and sets a new BOI filing due date.
Accounting February 20, 2025
The beneficial ownership information reporting roller coaster that has been ongoing for the past two months because of various lawsuits is finally pulling into the station after a federal district court in Texas on Feb. 17 lifted the final nationwide injunction that had put the mandatory small business filings on hold since last December.