FinCEN Reinstates BOI Reporting: New Deadline Set for March 21, 2025
Following a series of legal reversals, the U.S. District Court for the Eastern District of Texas has granted a stay on its previous injunction that had blocked enforcement of the…
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Appeals Court Reinstates Injunction that Halts BOI Enforcement
A federal appeals court on Thursday reinstated a nationwide injunction halting enforcement of beneficial ownership information (BOI) reporting requirements, reversing an order the same court issued earlier this week.
Significant Changes Are Coming for Digital Asset Taxes: Here’s What You Need to Know
If you’ve been trading or holding digital assets, some significant tax changes are heading your way, and they could shake up how you track and report your transactions. Starting January…
2025 IRS Pension Plan Limits
The Internal Revenue Service (IRS) has released its cost-of-living adjustments for the 2025 tax year, which will impact the dollar limits for pension plans and other retirement-related taxes.
Federal Court in Texas Suspends BOI Reporting Requirements Under Corporate Transparency Act
On December 3, 2024, a federal court in Texas issued a preliminary injunction suspending the enforcement of the Corporate Transparency Act. The Act required businesses to report beneficial ownership information…
Corporate Transparency Act: Beneficial Ownership Information Reporting
The Corporate Transparency Act (“CTA”) was enacted into law as part of the National Defense Act forFiscal Year 2021. The CTA requires the disclosure of the beneficial ownership information (otherwiseknown…
Tax Planning Tips for Digital Businesses and E-commerce
Tax planning for digital and e-commerce businesses brings unique challenges and opportunities. Effective tax management can be tricky with diverse revenue streams, cross-border sales, and constantly evolving regulations. Here’s a…
Top Tax Planning Strategies for Small Business Owners in Texas for 2024
As a small business owner in Texas, preparing for tax season means more than just meeting deadlines; it’s an opportunity to strategize, reduce liabilities, and keep more of your hard-earned…
Financial Health Check: Key Metrics Every Texas Business Should Track
Running a business in Texas, whether it’s a small operation in Austin or a thriving enterprise in Houston, requires a keen focus on maintaining financial health. Financial metrics are more…
Year-End Audit Prep for Contractors
With cooler weather hopefully on the way soon, it’s time for construction contractor audit clients to start thinking about interim fieldwork and that calendar year-end will be here before you…