Navigating the labyrinth of government regulations is a daunting task for many small business owners, and recent developments from the U.S. Treasury Department have added a new twist to the tale. In a surprising turn, the Treasury has announced plans to limit the...
FinCen
FinCen Beneficial Ownership Information Rules On Indefinite Hold
All over the business world, accountants, lawyers, financial executives and journalists have been scrambling to keep up with the latest soap opera in the financial community: what's happening with the Corporate Transparency Act and its ownership reporting rules. The...
Important Update on the Corporate Transparency Act (CTA)
On December 3, 2024, the U.S. District Court for the Eastern District of Texas issued a nationwide preliminary injunction against the enforcement of the Corporate Transparency Act (CTA). While this pause creates some uncertainty, it’s important to understand the...