Update #3: Well… Now It Is Back on Hold
Here I am, minutes before the workdays dissolve into the weekend, savoring a midnight snack of salami and indulging in some light bedtime reading. And what do I find? An update. Another twist in the absurd ballet of bureaucracy. Once again, as any business owner knows, the grind doesn’t release you—it pulls you back, gnashing and snarling. “US appeals court halts enforcement of anti-money laundering law,” the headline reads on Reuters, and there it is—the latest chapter of this Kafkaesque comedy.
On December 5th, I first reported on the initial halt, savoring the brief reprieve it brought us. Then came December 24th, Christmas Eve—a sacred night for cookies, cheer, and, apparently, government intervention. FinCEN graced us with the “gift” of a filing deadline extension to January 13th. But now, as we’ve learned, the BOI reporting requirement has been halted yet again.
Free Filing Guide! Because You Never Know What FinCEN is Going to Do
In light of these constant changes, we wanted to ensure that all of you—our valued clients—were ready to file when the requirement was reinstated earlier this week. So, we spent time preparing a free guide to help you get everything in order quickly and easily. While the latest ruling pauses these filings again, the guide remains available, and we’re sharing it with you today. Think of it as a resource for when the inevitable happens: compliance chaos resumes.
That said, it’s worth noting that you can still choose to voluntarily disclose your Beneficial Ownership Information if you prefer to stay ahead of the curve. Some businesses may find peace of mind in completing this process now, even while it remains legally optional.
As it stands, we appear to have a reprieve until the appeal date in March. Until then, the BOI requirements seem safely on hold, but as always, nothing is truly certain. For now, let’s take this as a chance to breathe. We’ll continue to monitor the situation and keep you updated, but in the meantime, feel free to download our guide and be prepared for whatever comes next.
Cheers to you all,
Your weary navigator in the madness
