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Insights Business & Tax Blog

Ensuring Legal Compliance in Florida: Nonprofits Required to Screen Donor Source (Senate Bill 700)

July 7, 2025 Business & Tax Blog

On July 1, 2025, the Florida Senate enacted Senate Bill 700 imposing significant restrictions on nonprofit donation solicitation. Effective immediately, it is unlawful for any charity registered to solicit contributions or have funds solicited on their behalf to solicit or accept anything of value from a foreign source of concern….

Exemption for Domestic Entities from Corporate Transparency Act Reporting Requirements

April 7, 2025 Business & Tax Blog

On March 26, 2025, the U.S. Treasury Department issued an important update regarding the Corporate Transparency Act (CTA). Effective immediately, all entities created in the United States, including those previously classified as “domestic reporting companies,” are no longer required to report beneficial ownership information (BOI) to the Financial Crimes Enforcement…