Dec 26, 2024
In light of the Fifth Circuit’s decision to reinstate the Corporate Transparency Act (CTA), the federal government has extended the January 1, 2025 reporting deadline. The government’s updated guidance, which was published by the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN), can be found on FinCEN’s Beneficial Ownership Information (BOI) website.
The most notable deadline extension applies to reporting companies created or registered prior to January 1, 2024. Those entities now have until January 13, 2025 to file their initial BOI Reports. That same extension applies to reporting companies created or registered on or after September 4, 2024 (i.e., entities that would have been required to file BOI Reports during the period in which the CTA was subject to a nationwide preliminary injunction). Reporting companies created or registered during the period spanning December 3, 2024 to December 23, 2024 will also enjoy a brief extension. According to FinCEN, those entities will have an additional 21 days from their original filing deadline to file their initial BOI Reports.
This story is rapidly evolving. In the coming days and weeks, we expect to see additional court challenges and a likely appeal to the Supreme Court of the United States. We will continue to monitor the situation and provide updates as they become available.
©2024
Feb 12, 2026
You've invested time and money in training your employees to meet or exceed the performance expectations you set for your company. But sometimes things go wrong. Read through for tips on how to motivate and refocus individuals before you have to let them go.
Feb 11, 2026
Congratulations! Your hard work has finally paid off and you've been promoted to manager. As you settle into your larger office space, you may be asking yourself what comes next. Read through for pro tips on how to be an effective first-time leader.
Feb 10, 2026
It may be hard to believe, but now is a good time to begin planning for the 2026 tax season. Several provisions enacted in 2025 will take effect in 2026, and early awareness could help you avoid surprises. Read through to learn which changes may affect your filing and what steps to consider ahead of the next tax season.
Feb 09, 2026
From confidential information to bank routing numbers and everything in between, it's no wonder payroll security is highly protected. Read through to learn how biometric verification, data encryption and monitoring for suspicious activity can safeguard this information.
Jan 15, 2026
Are you paying too much for paid time off? Read through to discover a way to cut PTO costs without cutting back on employee benefits.
Jan 14, 2026
The Department of the Treasury and the Internal Revenue Service are providing guidance on OBBBA-expanded Health Savings Account eligibility that allows more people to save and pay for healthcare costs. Read through for more details to help you file accurately.
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