Trump’s One Big Beautiful Bill Becomes Law
What Businesses and Individuals Need to Know On July 4, President Donald Trump signed into law the One Big Beautiful Bill Act, OBBBA. With so many changes packed into one bill, understanding the immediate and long-term effects is essential. Below, we’ve outlined some of the most impactful provisions and what they could mean for you or…
What the New House Tax Bill Could Mean for You and Your Business
A new tax bill has been introduced in the House, and it could have meaningful implications for individuals and businesses alike. While the bill is still making its way through Congress, here are a few highlights that may impact MKA clients: Increased SALT Deduction Cap – The bill proposes raising the state and local tax…
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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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