Update on the Corporate Transparency Act

The Treasury Department has announced it will no longer enforce penalties or fines under the Corporate Transparency Act’s beneficial ownership reporting rule. A forthcoming rule change will limit the requirement to foreign reporting companies only—a win for U.S. small businesses and taxpayers!

To read the Treasury Department's press release click here. 

We will share more updates as the rule making process continues. As always, if you have any questions, please don't hesitate to reach out! 

Stay well,

​Tori