December 21, 2023
The U.S. Department of the Treasury’s Financial Crimes Enforcement Network recently issued a final rule that establishes the framework for access to and protection of beneficial ownership information.
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December 14, 2023
On Tuesday, Dec. 12, the U.S. House passed H.R. 5119, providing the one-year delay, now, the Senate must take up this bill by Dec. 31.
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November 29, 2023
The Financial Crimes Enforcement Network recently issued a final rule that extends the deadline for certain reporting companies to file their initial beneficial ownership information reports with FinCEN.
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September 27, 2023
The Financial Crimes Enforcement Network recently issued a Notice of Proposed Rulemaking to extend the deadline for certain reporting companies to file their initial beneficial ownership information reports.
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September 18, 2023
The U.S. Department of the Treasury’s Financial Crimes Enforcement Network recently published a Small Entity Compliance Guide to assist the small business community in complying with the beneficial ownership information reporting rule.
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September 15, 2023
The Corporate Transparency Act (CTA) was enacted Jan. 1, 2021, as part of the National Defense Authorization Act, representing the most significant reformation of the Bank Secrecy Act and related anti–money laundering rules since the U.S. Patriot Act.
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August 18, 2023
TSCPA has joined the AICPA in advocating for the delay of the effective date of beneficial ownership information reporting requirements.
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July 20, 2023
The Federal Reserve recently announced that its new system for instant payments, the FedNow® Service, is now live.
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May 17, 2023
The IRS recently released Rev. Proc. 2023-23, issued pursuant to Sec. 223(g), announcing that the maximum contribution to a health savings account and certain associated amounts will be higher in 2024.
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January 27, 2023
The American Rescue Plan Act of 2021 reauthorized the Small Business Jobs Act of 2010, which established the second installment of the State Small Business Credit Initiative.
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