Moffa, Sutton, & Donnini, PA的动态

?? Attention Local Businesses: Are You Ready for the Corporate Transparency Act (CTA)? The Corporate Transparency Act could bring significant changes for small businesses, requiring certain companies to report ownership details directly to the federal government. While the law is currently paused, it's important to be prepared. Failing to comply once it goes into effect could lead to fines and penalties — something no business wants to face! At the Holdrege Chamber, we’re committed to keeping our members informed. Learn what the CTA means for your business and how you can prepare by visiting https://lnkd.in/gYDRdgGn

** UPDATE:?On December 3, 2024, in a lawsuit initiated by the National Federation of Independent Business (NFIB), a Texas-based federal court issued a sweeping order prohibiting the federal government from enforcing the Corporate Transparency Act (CTA) anywhere in the country.?The Court held that the CTA was likely unconstitutional and that its implementation would irreparably harm reporting companies if they were forced to comply. The Court enjoined the CTA’s enforcement nationwide, specifically stating that neither the Act nor its related regulations may be enforced, and that “reporting companies need not comply with the CTA’s January 1, 2025, BOI reporting deadline[.]” ** For more information, click on the news alert below. #CTA #FinCEN

The deadline for compliance with the Corporate Transparency Act is approaching quickly! ??? If your organization was registered before January 1, 2024, you must submit your beneficial ownership information to FinCEN by January 1, 2025. Non-compliance can lead to fines and penalties, so it’s crucial to understand your reporting obligations. For more details, Hall Render attorneys John Bowen and Eric Speer have compiled compliance resources and practical takeaways here: https://lnkd.in/gf5GGsBz #CorporateTransparencyAct #Compliance #FinCEN #BusinessUpdates

Have you heard about the Corporate Transparency Act? Designed to curb tax fraud, money laundering, terrorism funding and other illicit financial behavior, this law requires many companies to provide important business information or face hefty fines. Practice Integration Advisor Katie Collins, CFP? shares how this legislation may impact your business.

Mid-Year Check In on Corporate Transparency Act Reporting - Have You Filed? A note to my single purpose entity friends in real estate and small business owners who may gloss over the title - the Act also applies to LLCs, the noncompliance penalties are stiff, and it sounds like end of year filing delays are expected due to high reporting volume. Check out this report for more details and reach out with any questions. #corporatetransparencyact #filingdeadline

Learn all about the Corporate Transparency Act, a piece of legislation that impacts most businesses with under $5 million in gross revenue and over 20 full-time employees. We covered the act on our blog, as well as what it means and how to protect your company from hefty fines. https://bit.ly/3QsMQvE

"Under the Corporate Transparency Act (CTA), which went into effect on January 1, 2024, many U.S. small business owners are required to file corporate transparency reports with beneficial ownership information. For most eligible businesses, the filing deadline is January 1, 2025. Those who fail to file by this deadline — or fail to update this information if needed — could face up to two years imprisonment and fines up to $10,000, in addition to civil penalties of up to $591 per day." Learn more reading "What Every Small Business Needs to Know About the Corporate Transparency Act" Call us if you have more questions! #smallbusinesshelp #corporatetransparencyact #OWNERS

The Corporate Transparency Act (CTA) represents a significant change in U.S. corporate law, requiring certain entities to report beneficial ownership information to the Financial Crimes Enforcement Network (FinCEN). Compliance with the CTA is essential for businesses to avoid potential penalties and ensure transparency in corporate ownership structures. At TALG, we understand the complexities and implications of the Corporate Transparency Act. This article written by Ismail Amin provides valuable insights and guidance to help businesses navigate the requirements of the CTA and ensure readiness for compliance: https://bit.ly/3tmO7Mi Stay ahead of the curve and ensure your business is prepared for the Corporate Transparency Act. #CorporateTransparencyAct #FinCEN #Compliance

The Corporate Transparency Act (CTA) went into effect on January 1st this year. This law required many businesses to file a Beneficial Owner Information (BOI) report with the?Financial Crimes Enforcement Network (FinCEN) before January 1, 2025 or face financial penalties. Larger businesses like mine are likely exempt. However, it is likely that it will apply to small businesses. I have not seen much in the news or other media about the CTA. My concern is for small businesses that don't keep an eye out for these kinds of things. Here's a link to an American Bar Association article on this subject: https://lnkd.in/edXb4PdB To my friends in small businesses, I'd hate to see you get in trouble for not filing in time, especially since the Government has done a poor job, in my opinion, to get the word out. Talk to your legal counsel and file your BOI before January 1.

The new Corporate Transparency Act's Beneficial Ownership Information filing deadline is quickly approaching. Make sure you and your clients are on top of this filing requirement to avoid steep penalties. Jenna Elliot provides the best breakdown of this new filing requirement that I've seen. https://bit.ly/3NV96N7