Protected: What the New House Tax Bill Could Mean for You and Your Business
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Protected: Celebrating Our Newest Partners at Moss Krusick
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Beneficial Ownership Information (BOI) Update – March 25th, 2025
The U.S. Department of Treasury issued an interim final rule that narrows the scope of the Beneficial Ownership Information (BOI) reporting requirements. All entities created in the United States and their beneficial owners, are now exempt from BOI reporting. For domestic U.S. companies and individuals, no further action is needed. BOI reporting remains mandatory for…
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Beneficial Ownership Information (BOI) Update – Back on Hold
As expected, the Beneficial Ownership Information (BOI) requirement has taken yet another dramatic turn. Yesterday, FinCEN, a division of the U.S. Treasury, announced it will suspend fines, penalties, or enforcement action against any companies based on BOI compliance. This announcement comes weeks after FinCEN reinstated the requirement – setting a compliance deadline of March 21, 2025…
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Potential Tax Changes in 2025: What You Need to Know
For 2025, several significant tax changes are on the horizon that could impact individuals, businesses, and tax professionals alike. From the expiration of key provisions in the Tax Cuts and Jobs Act (TCJA) to inflation adjustments and potential legislative developments, staying informed is crucial for proactive planning. Here’s an overview of what’s coming and how…
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Beneficial Ownership Information (BOI) Update
The legal challenges surrounding the Beneficial Ownership Information (BOI) requirement continue. On February 18, the Texas District Court granted the U.S. Treasury a stay order reinstating the mandatory reporting requirement. FinCEN, the enforcement arm of the US Treasury, issued the following revised deadline guidance: For most reporting companies, the new deadline to file is March…
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