News & Insights

 

Our News & Insights

Search News & Insights

Keep Up To Date

For invitations to our events and updates on key legal issues and business concerns:

Please Click Here

Oops!…The Court of Appeals Did It Again – CTA Halted!

Posted on December 27, 2024 by , and

The U.S. Court of Appeals for the Fifth Circuit has once again vacated enforcement of the Corporate Transparency Act (CTA) and its reporting requirements. This latest decision temporarily halts the mandate for entities to disclose beneficial ownership information to the Financial Crimes Enforcement Network (FinCEN), reinstating a pause on compliance obligations. The appellate court’s panel […]

FinCEN Announces New January 13, 2025, Deadline for Most CTA Filings

Posted on December 24, 2024 by , and

FinCEN has extended the reporting deadline for companies created or registered before January 1, 2024, to January 13, 2025. In an alert posted Tuesday night, FinCEN recognized that “reporting companies may need additional time to comply given the period when the preliminary injunction had been in effect.” Previously, the reporting deadline for these companies was […]

The CTA is Back, Back Again

Posted on December 23, 2024 by , and

The Corporate Transparency Act (“CTA”) and its reporting requirements are back in effect. The Fifth Circuit Court of Appeals has granted the U.S. Government’s motion for an emergency stay of the nationwide CTA injunction. This means the federal injunction that sought to overrule or pause the CTA is temporarily halted. As a result, reporting companies […]

IRS Releases New Mileage Rates for 2025

Posted on December 19, 2024 by

The Internal Revenue Service issued the 2025 optional standard mileage rates today for computing the deductible cost of operating an automobile for business, charitable, medical, or moving purposes. The most notable change is the per mile increase for business use mileage. Effective January 1, 2025, the optional standard mileage rates for the use of a […]

U.S. Government Appeals Block on CTA Enforcement

Posted on December 7, 2024 by , and

The U.S. Government has appealed a federal judge’s order temporarily blocking the enforcement of the Corporate Transparency Act (CTA). As a result, the case is now headed to the Fifth Circuit Court of Appeals. Currently, reporting companies are not required to submit filings. FINCEN has acknowledged this in a recent update to its website, stating: […]

Ding Dong, the CTA is DEAD!

Posted on December 3, 2024 by , and

A federal district court in Texas has issued a landmark decision postponing the enforcement of the Corporate Transparency Act (the “CTA”). The Court held that the CTA exceeds Congress’ power and is therefore likely unconstitutional. As a result, reporting companies are no longer required to comply with the CTA’s January 1, 2025, reporting deadline. As […]

Capitol Connection, November 2024

Posted on November 25, 2024 by

The ever-changing landscape of state government requires businesses across all industries to stay informed on the happenings in Madison. Welcome to the November 2024 issue of the Capitol Connection. In this issue: Election 2024: State Legislature DNR Approves Enbridge ‘Line 5’ Permits State Schools Superintendent to Propose Over $4 Billion Increase for K-12 Aids Gov. […]

Breaking News: Judge Tosses Overtime Increase

Posted on November 15, 2024 by and

Friday afternoon, a federal judge in Texas struck down the Department of Labor’s (“Department’s”) overtime rule (“Overtime Rule”) finding that the Overtime Rule exceeded the Department’s authority and was unlawful. In the Opinion, the court issued a vacatur which sets aside the rule and makes it no longer binding. This vacatur of the Overtime Rule […]

OSHA Inspections – Being Prepared

Posted on November 14, 2024 by

The Occupational Safety and Health Administration (OSHA) sets standards and monitors the working environment for employees in most industries, including agriculture. In order to regulate and protect agri-business workers from specific industry hazards, OSHA has implemented requirements for agri-business employers through agricultural specific standards (29 CFR 1928) and general industry standards (29 CFR 1910). There […]

2025 Qualified Plan Cost of Living Increases, 2025 Social Security Taxable Wage Base

Posted on November 1, 2024 by

On November 1, 2024 the Internal Revenue Service announced the cost-of-living adjustments for the various qualified retirement plan limits.  Almost all of the limits shown below have increased from last year.   Qualified Plan Limit Cost-of-Living Adjustments 401(k) and 403(b) elective deferral limit 2024 – $23,000 2025 – $23,500 $200,000 compensation limit 2024 – $345,000 […]