On Monday, February 19, 2025, the Department of Justice (DOJ) was granted a request for a stay of the court’s nationwide beneficial ownership information (BOI) reporting requirement by a federal district court. Most small businesses required to file BOI reports will have until March 21, 2025 to do so. However, during this 30-day delay period, […]
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Bursting with must know and good-to-know information, our Winter 2025 Small Business newsletter is hot off the digital press. We have introduced special features that we plan to bring you in each issue going forward, including a focus on a special not-for-profit organization having a big impact on our community. Click here to read or […]
In yet another legal turn of events, the court-ordered injunction regarding BOI reporting is back in effect. Businesses may continue to voluntarily submit BOI Reports while the court order remains in effect. As we saw last week, should the filing injunction be lifted, businesses will likely have only a short period of time in which […]
Please be aware that the Beneficial Ownership Information (BOI) Reporting Requirement has been reinstated based on a federal Court of Appeals decision on December 23, 2024. The following information was published on the FinCEN website and can be found at https://www.fincen.gov/boi. Updates to Beneficial Ownership Information Reporting Deadlines – Beneficial Ownership Information Reporting Requirements Now […]
Tronconi Segarra & Associates Tax Partner Lisa Mrkall, CPA/PFS and Tax Supervising Senior Kevin Carrigan count down the 10 most important tax and financial planning tips businesses and individuals should know before ringing in 2025. Watch this timely webinar below, and click here to download the slides for future reference here. Author Lisa Mrkall
On December 3, 2024, the 5th U.S. District Court issued a decision that the “Corporate Transparency Act (CTA)” is likely unconstitutional. This decision includes an injunction, which applies nationally, prohibiting the enforcement of the CTA and its “Beneficial Ownership Interests (BOI)” reporting requirement. Under the injunction, the U.S. Treasury’s Financial Crimes Enforcement Network (FINCEN) is […]
*Part of our Quarterly Newsletter Feature – “Personal Financial Planning with Lisa Mrkall” During the summer, the IRS released final regulations updating the required minimum distribution (RMD) rules for retirement plans. The Secure Act and Secure Act 2.0 made significant changes to the RMD rules applicable to retirement plan participants during their lifetimes and to […]
Tronconi Segarra & Associates’ Affordable Care Act Compliance Team is once again ready and able to assist with the reporting associated with the Employer Mandate of the ACA. If you employed 50 or more full-time employees in the prior year (including full-time equivalents) your organization is subject to the ACA reporting requirements and required to […]
The American people have decided, and the election outcome paves the way for President-elect Donald Trump with a Republican-controlled Congress to push through key aspects of his ambitious policy agenda. Trump’s victory increases the likelihood that expiring tax provisions in the 2017 Tax Cuts and Jobs Act (TCJA) will be either extended or made permanent. […]