The Corporate Transparency Act and Its Legal Challenges: A Detailed Examination

UPDATE (MARCH 4, 2025) : As of now, the US Treasury Department has officially suspended all enforcement of the CTA. Read here for more details. Struggling to understand if the Corporate Transparency Act and BOI reporting apply to your business? We break down key court decisions, deadlines, and what you need to do to stay compliant. The Corporate Transparency Act …

15 End-of-Year Bookkeeping and Accounting Tasks for USA Small Business Owners

Business Owners – The year 2024 is about come to a close, and a new year is right around the corner. Make sure you are ready. As the year draws to a close, small business owners in the USA face critical tasks to ensure financial stability and regulatory compliance. Proper bookkeeping, accounting, and business filings can make the transition into …

CPAs: You Can Help Your Clients File BOI Reports – Here’s how.

UPDATE (MARCH 4, 2025) : As of now, the US Treasury Department has officially suspended all enforcement of the CTA. Read here for more details. The clock is ticking! The end-of-year deadline for Beneficial Ownership Information (BOI) reporting is fast approaching, and your clients may be counting on you for guidance. With the end-of-year deadline fast approaching, American Certified Public …

Understanding FinCEN: A Complete Guide for American Business Owners

UPDATE (MARCH 4, 2025) : As of now, the US Treasury Department has officially suspended all enforcement of the CTA. Read here for more details. Yes, FinCEN regulations impact your business every single day. Read on to learn how to stay compliant and avoid big penalties.   The Role and Mission of FinCEN Mission Statement FinCEN‘s mission is to safeguard …

Filing a Partnership in the State of Texas

You and your team have a great idea for a new Texas-based business, and you’re ready to take it to market. Use this quick guide to make sure you’ve covered all your bases to form a partnership.   To file a partnership in the state of Texas, you will need to follow these general steps:   Choose a Business Name …

Do I have to file a BOI Report? A Complete Guide for US Business Owners

UPDATE (MARCH 4, 2025) : As of now, the US Treasury Department has officially suspended all enforcement of the CTA. Read here for more details. Yes, it’s true. If you own a business or entity in the United States, you very likely will need to file a BOI Report with the US Government – and the deadline is coming up …

Heads Up, CPAs – File Beneficial Ownership Reports for Your Clients NOW

UPDATE (MARCH 4, 2025) : As of now, the US Treasury Department has official suspended all enforcement of the CTA. Read here for more details. We know you’ve been putting off filing Beneficial Owner Reports for your clients – but the end of the year is coming faster than you think. As a Certified Public Accountant (CPA), you play a …

10 Steps to Registering a Texas Nonprofit

You’ve got the mission. You’ve got the heart. You’ve got the big idea for how you can help others in Texas. Here’s how you can get started.   Registering a Nonprofit in the State of Texas   Define Your Mission and Purpose: Clearly articulate the mission and purpose of your nonprofit organization. This statement should outline the social or charitable …

Registering an LLC

You’ve got the big idea, but do you need an LLC? Here’s a quick glance at the pros and cons of registering your entity as an LLC in the US.   The specific requirements and fees for forming a Limited Liability Company (LLC) vary by state, but generally, you will need to file articles of organization with the Secretary of …