Support CTA Relief
The House Small Business Committee is holding a hearing on the Corporate Transparency Act later this month. One witness will be Carol Roth, a bestselling author and small business advocate who has helped lead the ...
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Time to Pause the CTA
The Main Street business community came out in force today calling on Congress to enact the Protect Small Business and Prevent Illicit Financial Activity Act (S. 3625). The legislation, championed by Senator Tim Scott (R-NC), ...
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Talking Taxes in a Truck Episode 36: The CTA Compliance Wrinkle No One’s Talking About
The Corporate Transparency Act is now in effect, imposing complex reporting requirements on every small business in the country, and many large ones too. But what if the person best equipped to assist those businesses ...
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CTA’s Prospects, Post-NSBA v. Yellen
Friday’s District Court decision declaring the Corporate Transparency Act (CTA) unconstitutional is garnering lots of attention. As the Wall Street Journal editorial board noted, “The judgment is a legal bullet dodged for millions of small ...
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Court CTA Ruling a Huge Win for Main Street
Huge news to kick off the weekend -- a federal judge just ruled that the Corporate Transparency Act is unconstitutional, marking the end of a 16-month legal battle led by the National Small Business Association ...
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FinCEN in the House
The head of the Financial Crimes Enforcement Network (FinCEN) will testify tomorrow before the House Financial Services Committee (HFSC). The hearing will focus on the Corporate Transparency Act’s implementation and is a good opportunity for ...
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CTA Criticism Growing
With the Treasury Department’s beneficial ownership reporting portal now up and running, the Corporate Transparency Act is officially in effect. That means covered entities formed this year – 5 to 6 million, by FinCEN’s own ...
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Congress Moves CTA Delay (Maybe)
Lots of action with the CTA in the weeks leading up to New Year’s. On Tuesday past, the House advanced the Protect Small Business and Prevent Illicit Financial Activity Act (H.R. 5119) sponsored by Representatives ...
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Webinar Recap: CTA Compliance – What Main Street Needs to Know
Starting in January, the Corporate Transparency Act will require more than 32 million businesses and other legal entities to report the personal information of their owners, key employees, and others to the federal government. 32 ...
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Join Us: Fines, Jail Time, and Headaches – CTA Compliance Challenges for Main Street Businesses
The Corporate Transparency Act is the most far-reaching data collection mandate you've never heard of. Starting January, the new law will require more than 32 million businesses and other legal entities to report the personal ...
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No One is Ready for the CTA
Just in time for Thanksgiving, Sunday’s Wall Street Journal’s editorial page highlighted our Main Street letter calling for a one-year delay of the Corporate Transparency Act’s reporting requirements. Appropriately titled The Coming Deluge for Small ...
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Congress Can Still Prevent a Regulatory Trainwreck
With just a month to go before the Corporate Transparency Act’s reporting requirements take effect, it’s abundantly clear – not to mention extremely worrying – that federal regulators simply do not have their act together ...
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The Importance of NSBA’s Lawsuit
The House Financial Services Committee held a markup yesterday to consider twelve pieces of legislation. Notably absent was the Protecting Small Business Information Act (H.R. 4035), a bill to delay the Corporate Transparency Act’s January ...
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Hitting the “Pause” Button on the CTA
With the Corporate Transparency Act’s new reporting requirements set to take effect beginning January 1st, Main Street is asking Congress to pump the brakes on this ill-conceived law. A letter signed by more than 80 trade associations -- ...
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Talking Taxes in a Truck Episode 29: NFIB’s Kevin Kuhlman on Looming CTA Reporting Requirements and 199A Permanence
Our latest podcast guest is Kevin Kuhlman, Vice President of Federal Government Relations at the National Federation of Independent Business (NFIB). Kevin kicks things off by recapping his testimony before the House Financial Services Committee, ...
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Targeting the CTA
S-Corp President Brian Reardon is out with an op-ed in the Washington Examiner that breaks down just how onerous and poorly constructed the Corporate Transparency Act’s reporting requirements really are. We’ve written about the CTA ...
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Congress Focused on CTA Flaws
With just six months to go before the Corporate Transparency Act’s (CTA) reporting requirements take effect, federal lawmakers are sounding the alarm over just how far reaching – and poorly constructed – the rules are. ...
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Main Street Backs CTA Legal Challenge
This week, the Main Street business community voiced its support the National Small Business Association’s lawsuit challenging the constitutionality of the Corporate Transparency Act (CTA). The letter was signed by more than 45 trade associations, ...
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