OCTOBER 28, 2025 – As an equipment dealer, you may be wondering how the new One Big Beautiful Bill (OBBB) affects overtime pay and related tax deductions for your employees. Step 1: Does the Federal Overtime Law Apply to Your Employees? Before the OBBB comes into play, first determine whether your dealership is covered by...…
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...…
DECEMBER 23, 2024 – A federal Court of Appeals decision has reinstated the requirement under the Corporate Transparency Act (CTA) for filing requirements have been reinstated. Reporting companies, except as indicated below, are once again required to file beneficial ownership information with FinCEN. (Those who fail to meet this deadline could face up to two years...…
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....…
