WEBS Tax Prep

?? Important Update for Businesses: Nationwide Injunction on Corporate Transparency Act ?? On December 3, 2024, the U.S. District Court for the Eastern District of Texas issued a?nationwide preliminary injunction?temporarily blocking enforcement of the Corporate Transparency Act (CTA) and its Reporting Rule. This significant ruling halts the requirement for companies to disclose beneficial ownership information to FinCEN, just ahead of the January 1, 2025 compliance deadline. What Does This Mean for You? ???Temporary Relief:?Companies formed before 2024 now have a reprieve from meeting the upcoming compliance requirements. ???Stay Cautious:?The court's decision isn't final. Legal proceedings continue, which may reverse the current ruling and reinstate compliance obligations. Can You Still File? Yes!?If you wish to proceed with filing your BOI report, we've got you covered. Watch our?10-minute how-to video?here: https://lnkd.in/dw7_PcCc Need Immediate Assistance??Visit us during our first open house on?December 13th?for hands-on help with your filing needs. What’s Next? An appeal to the Fifth Circuit Court is likely. Further developments could change the compliance landscape again. Both Congress and FinCEN might take additional actions before year's end. ?? Stay Informed & Prepared: While the injunction delays current obligations, businesses should remain alert for any changes that may require rapid compliance. Given possible severe penalties for noncompliance, ensure readiness to meet requirements should the injunction be lifted. Keep an eye on further updates as the legal battle unfolds. Your proactive approach now can safeguard your business from future challenges. #BusinessUpdate hashtag #CorporateTransparencyAct hashtag #ComplianceNews hashtag #FinCEN hashtag #LegalAlert hashtag #BOIReport

We have an important update regarding our services at WEBS Tax Prep. After careful consideration, we have decided to streamline our offerings to focus exclusively on tax preparation and advisory services. This change will allow us to provide more specialized and reliable support to our clients. In line with this new focus, WEBS Tax Prep will operate on a seasonal basis, primarily around tax season, to better serve your tax preparation and advisory needs. Why the Change??We've encountered significant challenges with high turnover and inconsistent availability of staff, which have affected our ability to deliver the high standard of bookkeeping services you deserve. By narrowing our focus, we aim to enhance the quality and consistency of our core services. We appreciate your understanding and continued trust in WEBS Tax Prep. We are excited about this new direction and want to thank you for your support, The WEBS Tax Prep Team