Big news from FinCEN: As of March 2025, U.S.-based LLCs and corporations are no longer required to file beneficial ownership information (BOI) reports. If you've already filed, you're covered—no further action is needed. Foreign entities still face certain requirements, but most domestic businesses are now off the hook.

Upcoming deadlines for BOI reporting are fast approaching for U.S. businesses. Ensure compliance by understanding key requirements and avoid costly penalties. Learn which entities need to file, important dates, and recent updates from FinCEN.

Staying compliant with independent contractor classification rules is crucial as new Department of Labor guidelines aim to limit contractor status. Learn about key criteria, risks of misclassification, and the steps your business can take to reduce potential liabilities.

The Corporate Transparency Act (CTA) introduces new federal filing requirements for most corporations and LLCs formed in 2024 onwards. Aimed at preventing illicit activities like money laundering, the CTA requires reporting beneficial ownership information to FinCEN's new BOSS system. Learn about the key requirements, exemptions, and how to prepare for compliance.

U.S. citizens living abroad must navigate complex tax rules, including the Foreign Earned Income Exclusion, Foreign Tax Credit, and specific reporting requirements like the FBAR and Form 8938. Understanding these obligations and benefits can help you manage your tax liability effectively.