BOI Reporting Back in Effect
February 19th, 2025
Newest BOI Update (2/27/25) As of February 27, 2025, the Beneficial Ownership Information (“BOI”) reporting requirements have a new wrinkle. The update from FinCEN is that it will not be issuing any fines or penalties or taking any other…
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Categories: Business
BOI Reporting Reinstated: Get Ready to Report!
December 24th, 2024
The CTA and FinCEN BOI Reporting Has Been Reinstated TL;DR: BOI reporting requirements are back and reports must be completed by Jan 13, 2025. (Updated as of 2/19 – this requirement has an extension of March 21) What Changed? On December 23, 20…
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FinCEN Updates: BOI Filing
December 23rd, 2024
Contributor: John Greniuk
Ongoing litigation in Texas stops the clock on BOI filing for small businesses. The U.S. District Court in the Eastern District of Texas granted a nationwide preliminary injunction suspending enforcement of the Corporate Transparency Act (“CTA”):…
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Categories: Business
What is FinCEN BOI?
November 15th, 2024
What is FinCEN? On January 1, 2024, companies are required to report information to the U.S. Government about who owns and controls the business. This rule was promulgated by Congress in 2021 through the Corporate Transparency Act. This Act was creat…
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Categories: Business
FTC’s Recipe for Restaurant Ruin
January 8th, 2024
Currently, consumers have witnessed many businesses add additional costs to the subtotal such as: living wage, credit card, and large party fees. The FTC has proposed a rule that would ban these so-called “Junk Fees” fees. TL;DR Version: Who: The…
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Categories: Business
