Trump Calls Beneficial Ownership Reporting a ‘Disaster’ for Small Businesses as Treasury Kills Enforcement
Turns out procrastination worked out after all for the millions of businesses who held off on submitting their beneficial ownership reports.
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Treasury Department suspends enforcement of ownership information reporting for millions of businesses
The Treasury Department has halted enforcement of beneficial ownership information, or BOI, reporting for millions of businesses.CNBC - 2h -
Treasury ends enforcement of business ownership database meant to stop shell company formation
The U.S. Treasury Department announced it will not enforce a Biden-era small business rule intended to curb money laundering and shell company formation.NBC News - 6h -
Treasury sets March 21 deadline for millions of businesses to report ownership information or risk fines of $10,000 or more
The Treasury Department set a March 21 deadline to report "beneficial ownership information" after a Texas court lifted a block on enforcement.CNBC - Feb. 20 -
As New Tariffs Roll Out—or Don’t—Small Businesses Report Confusion and Concern
President Trump’s proposed tariffs on Canada and Mexico, and additional tariffs on China, take effect Tuesday. Other taxes could follow.Inc. - 11h -
Some small businesses are on the brink after Trump's spending cuts affect contracts
"My company has been left behind," one small business founder said.ABC News - 4d -
Treasury ends enforcement of database meant to stop shell company formation
The U.S. Treasury Department says it will not enforce a Biden-era small business rule intended to curb money laundering and shell company formationABC News - 7h -
The Top 6 Hidden Fees Fleecing Small Businesses
Beware of “free” financial services. They’re often accompanied by other hard-to-spot add ons or markups. By one estimate, small businesses were overcharged by $153 billion.Inc. - 6d -
Small Business Owners Express a More Uncertain Outlook
The National Federation of Independent Business report for January recorded its third highest level of uncertainty, as its index leaped 14 points due to worries about taxes, trade wars, and untamed ...Inc. - 5d -
Small Business Owners Are Getting More Pessimistic.
Following a post-election surge in optimism, worries about inflation and labor continue to be a drag on sentiment.Inc. - 5h
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Trump renews attacks on Zelenskyy over US backing against Russia
Confrontation between Washington and Kyiv intensifies after European summit at the weekendFinancial Times - 3m -
Nvidia shares fall 9% on tariff fears
The company's stock price is down 13% since it reported earnings last Wednesday.CNBC - 8m -
US manufacturers report fall in orders as growth expectations tumble
Data fuels fears that the economy is losing momentum as tariffs loomFinancial Times - 8m -
Trump’s tariffs, whether implemented or not, have already hurt the U.S. auto industry
Many in the industry feel that the levies could still be called off. Virtually everyone is hoping that, if enacted, the tariffs will be short-lived. Regardless, uncertainty has already taken its toll.MarketWatch - 22m -
Trump Will Impose 25 Percent Tariffs on Canada and Mexico on Tuesday
President Trump said he would impose levies on America’s largest trading partners Tuesday, along with another 10 percent on China.The New York Times - 23m