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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

Protect yourself from costly penalties by ensuring compliance with the Corporate Transparency Act and FinCENs BOI reporting requirements. For businesses formed before January 1, 2024, compliance will ensure you avoid fines of $591 per violation per day (subject to inflation). What if someone isnt sure what to do next?

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BOI Reporting: Corporate Transparency Act Update (Late 2024)

Yardi Breeze

TL;DR : Protect yourself from costly penalties by ensuring compliance with the Corporate Transparency Act and FinCEN’s BOI reporting requirements. For businesses formed before January 1, 2024, compliance will ensure you avoid fines of $591 per violation per day (subject to inflation).

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BOI Reporting: Corporate Transparency Act Update

Yardi Breeze

Latest 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. Of course, youre not alone in this journey.

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6 Property Management Tax Mistakes: Are You Making Them?

Buildium

For 2024, the standard mileage rate is 67 cents per mile. Legal and Professional Expenses You can deduct fees paid to attorneys, accountants, consultants, and other professionals for any work related to your business. You can also deduct your expenses such as airfare, transportation, and hotel when you go out of town for business.

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December 2024 Client Town Hall

Nest DC

Beyond compliance, we've found that maintaining fresh paint, thorough cleaning, and addressing minor repairs leads to higher resident satisfaction, longer tenancies, and fewer maintenance requests over time. Third, DC rental requirements continue to evolve, sometimes mandating specific updates like hallway painting in condo buildings.