Another Corporate Transparency Act Update: Whipsaw: On March 21, 2025, the Financial Crimes Enforcement Network (“FinCEN”) issued another “interim final” rule removing the requirement for U.S. companies and U.S. persons to report beneficial ownership information (“BOI”) to FinCEN under the Corporate Transparency Act (“CTA”). Now only foreign companies (not U.S....
Tariffs: Mitigating Effects Tariffs on certain U.S. trading partners likely hits the bottom line for importers and manufacturers. Those new tariffs range from 10% to 25% and include products from China, Mexico, Canada, UK, European Union and likely others to come, including Chinese-owned factories wherever situated. Proposals are also pending...
Commercial Landlords Update: Unlawful detainers (“evictions” or UDs”), even for commercial landlords require meticulous adherence to statutes and new regulations. For one landlord in a new case decided January 13th, Baca v. Kuang[1], this was a painful lesson. The landlord served a 30-day notice to terminate a commercial lease and...
Corporate Transparence Act Update --- Again As of Tuesday February 18th, U.S. District Court for the Eastern District of Texas in the case of Smith v. U.S. Department of the Treasury ruled that the filing requirements for the Corporate Transparency Act (“CTA”) information about beneficial ownership information (“BOI”) are once...
U.S. Supreme Court Allows Corporate Transparency Act to Now Proceed: Businesses Urged to Prepare The Supreme Court just ruled to allow the government to enforce the Corporate Transparency Act (“CTA”), a landmark law requiring businesses to disclose their beneficial ownership information. This decision overturns a nationwide injunction, meaning compliance is...
2025 IRS Mileage On December 19, 2024, the Internal Revenue Service issued its annual notice[1] of the 2025 standard mileage rates used to calculate the deductible costs of operating an automobile for business, moving, and charitable purposes. For employers, that is, the mileage that employers should pay employees for business...
Employers – I-9 Raids and Audits in 2025 Donald Trump promised that upon his return to the Oval Office as president, he would reshape U.S. immigration policies, which would include those related to employment. Increased Form I-9 audits are on the top of the list. ICE typically conducts the audits...
Relevant Constitutional History for Current Events Our friend, Mary Hanson, Attorney at Law @ www.bizadvisor.com provided a synopsis of relevant constitutional law for current events and you can see her full article HERE The U.S. Constitution drafted in 1787, ratified in 1788, and put into effect in 1789 established the...
Preparing for Immigration Policy Changes Under the New Administration With the new administration set to begin in 2025, many employers are closely monitoring potential shifts in immigration policies as President-elect Trump returns to the White House. While uncertainties remain, insights from his previous administration offer guidance on what employers should...
California Privacy Law: What Employers Need to Know About the CPRA In March 2024, the California Privacy Rights Act (“CPRA”) took effect, introducing significant new requirements for employers regarding employee data privacy. This landmark legislation applies the principles of existing California privacy law to personal data collected by employers from...