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Opinion: Corporate Transparency Act faces uncertain future

Guest columnist Brett Hodges: "A failure to have this information ready at a moment’s notice could cause companies to miss their reporting deadlines, which would in turn subject them to massive penalties and potential criminal liability."

The three-quarter-cent sales tax approved by voters in November will be overseen by two boards, one existing and one new.

New Citizens’ Advisory Board and existing Citizens’ Tax Oversight Committee will monitor use of three-quarter-cent tax proceeds. 

Planned expenditures are roughly unchanged from 2024.

Newsmakers in the areas of accounting, banking & finance, education, flooring, health care, law, manufacturing and trucking.

Collections were $6.14 billion for the first half of fiscal 2025.

Newsmakers in the areas of accounting, architecture, banking & finance, education, health care and nonprofit.

Jan. 13 is the new deadline for businesses to file ownership information with the Treasury Department’s Financial Crimes Enforcement Network. 

Reflecting on 2024, the SBJ newsroom ranked the Top 10 stories that impacted regional business.

Some findings were corrected before the final report was issued, officials say.

Newsmakers in the areas of accounting, banking & finance, education, law and tourism.

A federal district court in Texas has temporarily halted enforcement of the Corporate Transparency Act, a law requiring businesses to disclose their beneficial ownership information to the federal government.

Gary Schafer will continue to help set the strategic direction of the public accounting firm.

Guest columnist Brian Lowery and Jim Gustafson have tax and financial planning strategies to consider as 2025 approaches.

Newsmakers in the areas of accounting, banking & finance, education, health care and tourism.

Newsmakers in the areas of accounting, law, nonprofit and real estate.

The Innovation & Growth publication explores business and community growth strategies, technology investments and regional assets needed to better compete for businesses and talent.

A Monett native’s multiyear goal to open his hometown’s first brewery came to fruition; Humansville-based Flora Farms LLC launched its own branded dispensary in the former home of Old Route 66 Wellness LLC; and My CPA Guy launched a Queen City location.

The company has purchased MSL PA, adding three offices.

Newsmakers in the areas of accounting, chambers of commerce, education, government, health care and nonprofit.

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