The twisty journey of the Corporate Transparency Act’s (CTA’s) beneficial ownership information (BOI) reporting requirements has taken yet another turn. Following a February 18, 2025, ruling by a federal district court (Smith v. U.S. Department of the Treasury), the requirements are technically back in effect for covered companies. But a short time later, the U.S. Department ... Read More ›
The Donna A. Hubert Memorial Scholarship Fund offers an annual renewable scholarship for women interested in pursuing a career in accounting. This scholarship was created by the Partners and Principals of Legacy Professionals LLP to honor Donna’s contributions to the Firm and the accounting industry. Education is the gift that lasts a lifetime, and through ... Read More ›
Victims of presidentially declared disasters in recent years who couldn’t previously claim a casualty loss deduction may now be able to claim a refund. Additional tax relief also might be available. Read on to learn more about the potential opportunities for victims of certain disasters.
Loosened restrictions for casualty losses
The tax relief comes via the Federal ... Read More ›