In a significant regulatory change, the Financial Crimes Enforcement Network (FinCEN) has finalized a rule that permanently eliminates Beneficial Ownership Information (BOI) reporting requirements for U.S. companies and U.S. persons under the Corporate Transparency Act (CTA). The final rule became effective upon its publication in the Federal Register on August 11, 2026. Under the revised…
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Tag: Business Tax Reform
New York Secure Choice Savings Program
What New York Employers Need to Know New York State is rolling out the New York Secure Choice Savings Program, a new retirement savings initiative designed to help employees who do not have access to a workplace retirement plan save for the future. This program will affect many private-sector employers across New York, introducing new…
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Multi-State Tax Strategy Isn’t Compliance, It’s Risk Management
Many CPA firms are built around compliance. They file returns, track deadlines, and ensure forms are submitted correctly. That works, until a business starts operating across multiple states. When companies expand geographically, state and local tax (SALT) complexity increases dramatically. Nexus rules, apportionment formulas, pass-through entity tax elections, and audit exposure can all create significant…
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Year-End Tax Planning Strategies Every Business Owner Should Know
Don’t wait until tax season — now’s the time to take action. As we approach the end of 2025, it’s time to focus on strategic moves that can reduce your business’s tax liability. Here are the top tax planning strategies to consider before December 31: Take Advantage of Section 179 & Bonus Depreciation If you’ve…
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One Big Beautiful Bill Act – Business Update
The One Big Beautiful Bill Act (OBBBA), signed into law on July 4, 2025, introduces some of the most substantial tax changes in recent years. These reforms will directly impact the way many businesses operate and plan financially. Below is a breakdown of the key provisions most relevant to the businesses we support. Restoration of…
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