March 4, 2025 – The Treasury Department has suspended enforcement, indefinitely, and will propose a narrowed rule to permanently address the issue. On March 2, the Treasury Department announced that, with respect to the Corporate Transparency Act, not only will it not enforce any penalties or fines associated with the beneficial ownership information reporting rule under the existing regulatory deadlines, but it will further not enforce any penalties or fines against U.S. citizens or domestic reporting companies or their beneficial owners after the forthcoming rule changes take effect either. The Treasury Department will further be issuing a proposed rulemaking that… Read More »
DECEMBER 27, 2024 – This time of year, it is always important to keep your receipts in the event there is a needed return. The Fifth Circuit Court of Appeals has just returned to their previous ruling and have reinstated the nationwide injunction against the enforcement of the Corporate Transparency Act’s Beneficial Ownership Information filing. The Court also announced that it wouldn’t hear arguments further arguments until the end of March. As we stand today, businesses are NOT required to comply with the Corporate Transparency Act’s reporting requirements by January 13, 2025. Absent Supreme Court intervention compliance will likely be… Read More »
UPDATE NOVEMBER 15, 2024 – The U.S. District Court for the Eastern District of Texas just issued its ruling invalidating the entirety of DOL’s overtime final rule. In his ruling, Judge Jordan stated that while DOL has the authority to define and delimit the terms of the overtime exemption, “that authority ‘is not unbounded.’” He explained, “the minimum salary level imposed by the 2024 Rule ‘effectively eliminates’ consideration of whether an employee performs ‘bona fide executive, administrative, or professional capacity’ duties in favor of what amounts to a salary-only test.” He also said that the Department’s automatic updates to the… Read More »
State-of-Iowa-Declaration-of-Interstate-Recipricity-Agrmnt [Keywords: Regulatory Compliance, Interstate Reciprocity, Iowa]
[Source: EndDD (End Distracted Driving), 2017 | Keywords: Regulatory Compliance, Distracted Driving] How serious are the dangers? Deadly serious. Look at the facts: According to the National Highway Traffic Safety Administration (NHTSA), a division of the U.S. Transportation Department, distracted driving is “any activity that could divert a person’s attention away from the primary task of driving.” It’s not just texting or making calls on a cell phone; any activity that diverts a driver’s attention puts that driver, and her passengers, and everyone else sharing the road at serious risk. A partial list of what counts as a distraction would… Read More »
