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From the Advisor’s Desk

Celebrating Our Newest Partners at Moss Krusick

We’re thrilled to share exciting news from Moss Krusick—six outstanding professionals have been promoted to Partner! Please join us in congratulating Justin Cabral, Rich Cassidy, Priscilla Delgado, Jake Neuman, Michael Pollard, and Lori Weisz on this well-earned achievement. Each of these individuals brings unique strengths, deep expertise, and unwavering dedication to their work. Let’s take…

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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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