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BOI Reporting: Corporate Transparency Act Update (Feb. 2025)

Yardi Breeze

Update: January 3, 2025 On December 27, 2024, the United States Court of Appeals for the Fifth Circuit temporarily blocked enforcement of the Corporate Transparency Act (CTA). Update: December 24, 2024 On December 23, 2024, the U.S. On December 23, 2024, the U.S. For most companies, the new reporting deadline is March 21.

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New Florida laws for summer 2025: Is your condo impacted?

Condo Control

The deadline was 2024, but it has been extended to give condos more time. We will update this article if amendments are made to the bill, but as always, contact an attorney if you have specific questions. Virtual meetings are considered records Virtual meetings must be recorded and retained for at least one year.

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How a condo/HOA attorney might navigate new Florida laws

Condo Control

HB 1203 was passed in 2024 with the intention of promoting transparency and consistency across Florida homeowners associations. Find out how an attorney might approach some of the new Florida laws Many owners were excited, or at least optimistic about the possibility of having more freedom and transparency in their neighborhoods.

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BOI Reporting: Corporate Transparency Act Update

Yardi Breeze

Important update as of December 12, 2024 A nationwide court order has temporarily put a hold on the requirement for businesses to report Beneficial Ownership Information (BOI) under the Corporate Transparency Act (CTA). The end of the first reporting deadline is January 1, 2025 (applicable to businesses formed before January 1, 2024).

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BOI Reporting: Corporate Transparency Act Update (Late 2024)

Yardi Breeze

For businesses formed before January 1, 2024, compliance will ensure you avoid fines of $591 per violation per day (subject to inflation). The end of the first reporting deadline is January 1, 2025 (applicable to businesses formed before January 1, 2024). Companies formed after January 1, 2024, must report within 90 days of formation.

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BOI Reporting: Corporate Transparency Act Update (Late 2024)

Yardi Breeze

For businesses formed before January 1, 2024, compliance will ensure you avoid fines of $591 per violation per day (subject to inflation). The end of the first reporting deadline is January 1, 2025 (applicable to businesses formed before January 1, 2024). Companies formed after January 1, 2024, must report within 90 days of formation.

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Top 10 property management tax deductions for 2025

Buildium

For 2024, this was as much as $20,400 (the actual amount depends on the cost of the car and the amount of business use). The standard mileage rate for 2024 is 67 cents per mile. Under IRS regulations, any personal property you buy for your business that costs less than $200 is deductible as materials and supplies.