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Beneficial ownership information reporting mandate back on (02-19-25)
FinCEN announced that the beneficial ownership information (BOI) filing mandate is now back on, with a new filing due date of March 21, 2025. (FinCEN Notice FIN-2025-CTA1 (February 18, 2025)) The reinstatement was triggered by the U.S. District Court for the Eastern District of Texas’s February 18, 2025, decision to lift the preliminary injunction…
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PPP Deductions may be coming for California
Today the U.S. Department of the Treasury has officially announced that States are allowed to conform to Federal law on PPP loan deductibility. A few weeks ago California AB 80 was stalled as the state asked for clarification on limitations in the American Rescue Plan over concern that passing AB 80 would limit Federal funds…
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Protecting Yourself from Predatory Emails and Phone Calls
In addition to our own personal experiences, our clients have been contacting us regarding predatory emails and phone calls that they have received. These emails and phone calls are placed with the purpose of intimidating or tricking you into giving up personal information, placing you at risk for identity theft. They appear to come from…