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Corporate Transparency Act – Reinstated

February 20, 2025 Business & Tax Blog

The Corporate Transparency Act (CTA) is officially back in action, with a new deadline for businesses to submit their beneficial ownership information (BOI) reports. After a February 17, 2025 court ruling lifted a nationwide injunction, the Financial Crimes Enforcement Network (FinCEN) announced that most businesses must file their initial or…

Corporate Transparency Act BOI Reporting Re-Suspended on Constitutional Grounds

December 30, 2024 Business & Tax Blog

On December 26, 2024, a federal appellate court reversed its own December 23 ruling and reinstated a lower Texas court’s nationwide suspension of Beneficial Ownership Information/BOI reporting under the Corporate Transparency Act on Constitutional grounds.  BOI compliance is not required until the court takes further action, which we do not…