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Federal Court Temporarily Blocks Enforcement of Corporate Transparency Act Nationwide

Withum

On December 3, 2024, the United States District Court for the Eastern District of Texas issued a nationwide preliminary injunction against the enforcement of the Corporate Transparency Act (CTA), temporarily halting Beneficial Ownership Information (BOI) reporting to the Financial Crimes Enforcement Network (FinCEN) until further notice.

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Landscape of Employee Retention Credit Tax Issues

Withum

We are now seeing the IRS issue standardized information and document requests (IDRs) from a centralized office in Austin, Texas. Contact Us For more information on this topic, please contact a member of Withum’s Business Tax Services Team. Is the IRS Still Issuing ERC Checks?

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Business Tax Rates: How Much Do Small Businesses Pay in Taxes?

xendoo

Filing taxes as a small business owner can be complex, with numerous factors to consider. From tax law revisions to the overwhelming number of forms, understanding your small business tax rate and how to file can be difficult. Your business entity type and preferred filing status will also affect your tax rate.

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Can The Senate Finance Committee Save U.S. Research And Innovation?

Withum

Crapo continued the discussion by praising the panelists for their examples of why extending the three business tax provisions from the Tax Cuts and Jobs Act is so critical. As a result, Huntsman was forced to suspend a $50 million project in Conroe, Texas, which would have increased U.S. Research And Innovation?

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Friday Footnotes: Big 4 Culture Gets Slammed Again; Audit Leads the Way in AI; Small Firm Gripes | 11.10.23

Going Concern

Whitley Penn Admits Eight to Partnership [ INSIDE Public Accounting ] Fort Worth, Texas-based IPA 100 firm Whitley Penn LLP (FY22 net revenue of $189.6 Whitley Penn Admits Eight to Partnership [ INSIDE Public Accounting ] Fort Worth, Texas-based IPA 100 firm Whitley Penn LLP (FY22 net revenue of $189.6

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Oh BOI, Withum Updates on Beneficial Ownership Reporting

Withum

Stay up-to-date with the latest BOI reporting requirements and how recent legal changes may affect your business. Subscribe to our Business Tax insights for timely updates delivered directly to your inbox. On February 18, 2025, a federal judge in Texas voluntarily lifted its nationwide preliminary injunction while the U.S.

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Federal Tax Reform Timing Is Still Uncertain

Withum

As Representative Chip Roy (R-Texas) told Politico : They are counting on the ability to try to take border [funding], put it in reconciliation with tax cuts and roll us on spending. Contact Us For more information on this topic, please contact a member of Withum’s Business Tax Services Team.

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