Taxation and Valuation of Stock Compensation Provided to Founders An incremental stock grant issued to founders 3 years after founding a company is typically taxed as ordinary income based on the fair market value of the shares at the time…
UPDATE: Injunction on Corporate Transparency Act ….Again The nationwide injunction has been reinstated on the enforcement of the Corporate Transparency Act (CTA). The latest action comes from the merits panel of the Fifth Circuit Court of Appeals. There has been…
Beneficial Ownership Information Reporting Injunction Lifted, Putting in Place a January 13, 2025 Filing Due Date for Most BOI Reports The Fifth Circuit U.S. Court of Appeals put a “Stay” on the recent U.S. District Court beneficial ownership information reporting…
Reporting Firms Can Voluntarily Submit BOI Reports Despite Corporate Transparency Act Injunction The Financial Crimes Enforcement Network (FinCEN) said recently that reporting companies may continue to submit beneficial ownership information (BOI) reports voluntarily to FinCEN despite the preliminary injunction against…
Beneficial Ownership Information (BOI) Reporting and Corporate Transparency Act Blocked Nationwide by Texas Court The U.S. District Court for the Eastern District of Texas (Sherman Division) has issued a preliminary injunction in favor of the plaintiffs in the case of…
SECURE 2.0 Boosts 401(k) Catch-up Limit for Older Participants A new year typically brings cost-of-living increases in the IRS limits on retirement plan contributions. Indeed, the basic limit on 401(k) elective deferrals increases by $500 to $23,500 in 2025. However,…
An Initial Look At How The New Republican Administration May Impact Personal And Business Taxes With many changes anticipated under the new Republican administration, taxpayers will need to understand what these changes will mean and adapt to the evolving tax…
What Every Business Owner Should Know About the Upcoming Tax Changes The Tax Cuts and Jobs Act of 2017 (“TCJA”) introduced several changes to the Internal Revenue Code, many of which favorably impact small business owners. However, a number of…
Options For Designing A Highly Effective Offshore Staffing Platform For Your Company Outsourcing and offshoring are time-honored practices that an increasing number of companies of all sizes are pursuing. But few companies know how to do it well. The fact is…
Deadline for Beneficial Ownership Information (BOI) Approaching As the deadlines for Beneficial Ownership Information (BOI) reports to be filed with the Financial Crimes Enforcement Network (FinCEN) approach, it is crucial to remain vigilant about potential reporting obligations and to watch out…