article thumbnail

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

Yardi Breeze

Latest update: 2/26/2025 The U.S. 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). A hearing is scheduled for March 25, 2025, to discuss the merits of the law. 2025) appeared first on Yardi Breeze.

article thumbnail

New 2025 condo and HOA laws for U.S. states

Condo Control

Check out the new laws that have come into effect in 2025. Owners living in California can elect directors and amend governing documents using electronic secret ballots as of January 1, 2025. The legislation goes into effect on January 1, 2025. Policies must be adopted by the board no later than April 1, 2025.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Top 10 property management tax deductions for 2025

Buildium

The maximum depreciation amount will be inflation adjusted for 2025. Deductions on Legal and Professional Services You can deduct fees that you pay to attorneys, accountants, consultants, and other professionals if the fees are paid for work related to your business.

article thumbnail

How a condo/HOA attorney might navigate new Florida laws

Condo Control

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. You should always consult with an attorney for advice about specific situations. And its not just HOAs.

Attorney 130
article thumbnail

1099 forms for property management: Everything you need to know (2024 update)

Buildium

Property managers are going to be busy in 2025. According to our 2025 Property Management Industry Report , 91% of property managers we surveyed plan to expand their portfolios in the next two years. But it’s still an essential part of 2025 planning. For 2024, the form looks like this: What Is a 1099-NEC form?

article thumbnail

BOI Reporting: Corporate Transparency Act Update

Yardi Breeze

The end of the first reporting deadline is January 1, 2025 (applicable to businesses formed before January 1, 2024). If your business was formed before January 1, 2024, youll have until January 1, 2025, to submit this information. What is the Corporate Transparency Act? As we write this article, thats up to $591 per day.

article thumbnail

The Corporate Transparency Act – should your association wait to file a report?

Condo Control

Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) by January 1, 2025. Associations formed on or after January 1, 2024, but before January 1, 2025, will have 90 calendar days after receiving notice of the associations’ creation or registration to complete the initial report. What would be included in the report?