On December 23, 2024, a three-judge panel of the United States Court of Appeals for the Fifth Circuit stayed the nationwide preliminary injunction, reinstating the reporting requirements under the Corporate Transparency Act for millions of companies.
FinCEN has updated its alert to include an extension of the initial January 1, 2025, reporting deadline, referring to the Department of Treasury’s recognition that reporting companies may need additional time to comply with the reporting requirements.
Reporting companies formed or registered prior to January 1, 2024, now have until January 13, 2025, to file their initial Beneficial Ownership Information reports.
Reporting companies formed or registered on or after September 4, 2024, that originally had a filing deadline between December 3, 2024, and December 23, 2024, also have until January 13, 2025, to file their initial Beneficial Ownership Reports.
Reporting companies formed or registered on or after December 3, 2024, and on or before December 23, 2024, have an additional 21 days from their original filing deadline to file their initial Beneficial Ownership Reports.
A discussion on individuals’ and small businesses’ right to transact privately got heated during a House Financial Services hearing on financial crime Wednesday. Why it matters: Democratic
The new Labour Government in the UK has made its first formal pronouncement about its approach towards tax justice and transparency with the Crown Dependencies and Overseas Territories. Stephen Doughty,
The EU’s investigation was announced after Swedish music streaming company Spotify filed an antitrust complaint over so-called “Apple Tax” in 2020. London: The European Union on Monday
Despite Governor Ferguson’s hemming and hawing, state lawmakers are advancing a wealth tax that could raise billions to fully fund public schools and avert a budget crisis.President and convicted