Videos & Articles
SDA CPA is committed to staying up to date on the latest tax trends, news, and legislature, as well as technology and advice to help your business succeed. Check back often for our latest info!
Following the U.S. Treasury’s 2 March 2025 announcement, the Financial Crimes Enforcement Network (FinCEN) has issued an interim final rule that significantly narrows the scope of entities required to report beneficial ownership information (BOI) under the Corporate Transparency Act. Under the revised rule, only entities formed under foreign law and registered to do business in […]
The U.S. Treasury Department has announced a major shift in its approach to the Corporate Transparency Act (CTA)—a move that significantly reduces compliance burdens for U.S. businesses. In a statement on 2 March 2025, Treasury confirmed that it will not enforce penalties or fines for failing to meet the CTA’s beneficial ownership information (BOI) reporting […]
With the February 18, 2025, decision by the U.S. District Court for the Eastern District of Texas in Smith, et al. v. U.S. Department of the Treasury, et al., 6:24-cv-00336 (E.D. Tex.), beneficial ownership information (BOI) reporting requirements under the Corporate Transparency Act (CTA) are once again back in effect. However, because the Department of […]
In a last-minute change of course, the 5th Circuit Court of Appeals lifted the pause on the Corporate Transparency Act (CTA). This means businesses must once again file their Beneficial Ownership Information (BOI) reports by January 1, 2025. What Does This Mean? If your company is formed or registered in the U.S., you’ll likely need to report […]
IRS raises standard mileage rate for business use in 2025; key rate increases by 3 cents to 70 cents per mile The Internal Revenue Service has announced that the optional standard mileage rate for business-related vehicle use will rise by 3 cents in 2025, bringing the rate to 70 cents per mile. Mileage rates for […]
SDA CPA Group has been named to the University of Georgia Alumni Association’s 2025 Bulldog 100, a list of the 100 fastest-growing businesses owned or led by UGA graduates. The program, organized by the Division of Development & Alumni Relations, celebrates 15 years of honoring alumni and their entrepreneurial endeavors. Among this year’s class, businesses […]
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