MBE CPAs blog category for posts. This is a general category for most of the blog posts.
A recent court decision has reinstated the requirement for businesses to report their beneficial ownership information (BOI) under the Corporate Transparency Act (CTA). On December 23, 2024, the U.S. Court of Appeals for the Fifth Circuit reversed a temporary block on the law, allowing it to take effect again. MBE CPAs has been closely monitoring these developments and assisting clients with understanding, preparing, and submitting BOI reports.
To help businesses adjust, the Financial Crimes Enforcement Network (FinCEN) has extended some filing deadlines. This update summarizes the latest changes, provides a timeline of key events, and outlines how MBE CPAs can support you with this filing requirement.
Read more in our article, Important Update: BOI Filing Reinstated With New Deadlines