February 6, 2025
The Financial Crimes Enforcement Network (FinCEN) will consider changes to the beneficial ownership information (BOI) requirements if a court grants the government request for a stay of a nationwide injunction in a Texas case, according to a motion filed Wednesday.
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January 24, 2025
In light of a recent federal court order, the Financial Crimes Enforcement Network (FinCEN) has clarified that companies covered by the Corporate Transparency Act's (CTA's) beneficial ownership information (BOI) reporting requirement are not currently required to file BOI reports with FinCEN.
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January 3, 2025
The Justice Department (DOJ) filed an emergency application with the Supreme Court asking it to stay the district court injunction that is preventing the government from enforcing the Corporate Transparency Act and its requirements to report beneficial ownership information (BOI).
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December 18, 2024
The Jan. 1, 2025, deadline for reporting companies to file beneficial ownership information (BOI) reports could be extended by one year, based on a continuing resolution proposed in the House of Representatives.
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December 10, 2024
With the Jan. 1, 2025, due date approaching, and in light of the decision and appeal in the case of Texas Cop Shop, Inc. et al. v. Garland, et al., the AICPA, TSCPA and other state CPA societies continue to advocate for the deadline for initial beneficial ownership information (BOI) filings to be pushed back.
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December 5, 2024
A federal district court, finding that the Corporate Transparency Act (CTA) is likely unconstitutional, issued an order Tuesday prohibiting the enforcement of the CTA and the beneficial ownership information (BOI) reporting rule in the CTA’s accompanying regulations.
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November 18, 2024
On Jan. 1, 2024, the beneficial ownership information (BOI) reporting requirement, an anti-money laundering initiative enacted in 2021 through the Corporate Transparency Act, went into effect for entities across the United States.
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November 15, 2024
A major challenge for management accountants and manufacturing companies is control of operations and the resulting impact on their financial statements.
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November 15, 2024
TSCPA recently partnered with CPA Crossings on new research entitled, “Corporate Finance CPA Research: Most Wanted Competencies From CEOs.”
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October 30, 2024
The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) has announced that certain victims of Hurricane Milton, Hurricane Helene, Hurricane Debby, Hurricane Beryl and Hurricane Francine will receive an additional six months to submit beneficial ownership information (BOI) reports, including updates and corrections to prior reports.
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