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Here We Go Again… BOI UPDATE
On December 26, 2024, a federal appeals court reinstated a nationwide injunction halting enforcement of Beneficial Ownership Information (BOI) reporting requirements, reversing an order the same court issued earlier this week. Currently, BOI reporting is Voluntary Submission Only. The following is a timeline of events as they currently have taken place in the last month: December 3 – The U.S.
LATEST NEWS: BOI FILING DEADLINES – UPDATED
As a result of a December 23, 2024, federal Court of Appeals decision, reporting companies are once again required to file beneficial ownership information with FinCEN. The Department of the Treasury recognizes that reporting companies may need additional time to comply and have provided filing relief. Visit FinCen (https://fincen.gov/boi) for the most recent Alert on reporting deadline extension dates. Author:
Beneficial Ownership Information Reporting – Update
On Tuesday, Dec. 3, 2024, a Federal district court issued a decision (Texas Top Cop Shop, Inc. v. Garland) that found that the CTA is likely unconstitutional. The decision includes an injunction, which applies nationally, prohibiting the enforcement of the CTA and the BOI reporting rule. Although FinCEN is barred from enforcing BOI filing requirements while the case is pending,
From the Past to the Future: Insights from the MRPR Team (Part 4)
As 2025 approaches, MRPR reflects on a year of celebration and gratitude as we mark our 50th Anniversary. This milestone has given us the opportunity to look back on the many achievements and memorable moments shared with our clients and team members. The memories from the past serve as a powerful reminder of what we’ve accomplished—and what we can achieve
Intuit Announces Quickbooks Payroll Updates Requiring Immediate Action
For anyone using Intuit’s QuickBooks Online Payroll subscription, there are important updates that will require immediate action affecting W2 printing and tax impounding. Keep reading to learn more about these updates and what you need to do. Intuit QuickBooks Payroll Update 1: W2 Printing The first big change Intuit is implementing is starting January 2025, QuickBooks will automatically mail W2’s
From the Past to the Future: Insights from the MRPR Team (Part 3)
As 2024 begins to draw to a close, MRPR is not slowing down; we’re gearing up for another exciting 50 years in the industry! With a rich history behind us and an ambitious vision for the future, we believe our greatest asset is our people. In this latest round of Q&A, we’ve gathered insights from some of our current employees