
Corporate Transparency Act (CTA) Reporting Requirements
Corporate Transparency Act (CTA) Reporting Requirements
In 2025, small businesses face a host of new laws and regulations that require careful attention. From new federal reporting requirements to state-specific rules, knowing what’s on the horizon is key for small business owners and decision-makers.
In this post, we’ll break down some of the most significant changes and updates coming next year.

The Corporate Transparency Act Is Back On
The implementation of the Corporate Transparency Act, which requires millions of companies to disclose their true ownership to the government, is back on after a federal judge in Texas reversed an injunction he issued last month.
The Treasury Department’s Financial Crimes Enforcement Network, which oversees the enforcement of the law, on Tuesday issued a notice that extended the filing deadline for most companies to March 21. FinCEN said it recognized that companies may need additional time to comply.

Changes in Business Interest Deductions
Changes in Business Interest Deductions: Proposed reforms suggest limiting business interest deductions to 10% of earnings before interest, taxes, depreciation, and amortization (EBITDA). This change could significantly impact businesses' taxable income calculations and financial strategies.