Tag Archive: Finance

In a significant legal development, a Texas federal court issued a nationwide preliminary injunction on December 3, 2024, halting the enforcement of the Corporate Transparency Act (CTA). The ruling temporarily suspends the CTA’s reporting requirements, including the critical January 1, 2025, compliance deadline. The Department of Justice may appeal this decision to the 5th Circuit Court of Appeals, which could lead to further legal proceedings and potential changes in the status of the injunction. In this blog, we break down the reasons behind the court’s decision, what it means for the Corporate Transparency Act, and what steps businesses should take to stay prepared.

LEGAL UPDATE: CORPORATE TRANSPARENCY ACT: NATIONWIDE INJUNCTION STAYED, REPORTING REQUIRED BY JANUARY 13, 2025

by | December 24, 2024

UPDATE: New developments again on the Corporate Transparency Act (CTA). On December 26, the court reversed its previous decision, and filing is suspended pending further litigation. Read on the latest update here. On December 23, 2024, the Fifth Circuit Court of Appeals reinstated the Corporate Transparency Act (CTA), reversing an earlier nationwide injunction that had paused... View Article

Use Your Contracts to Improve Financial Flexibility

by | May 1, 2020

We all want to close deals quickly, without strife, and with financial flexibility. However, if professional relationships are just casual, you may lose that opportunity to improve cash flow and profitability. Don’t fear the best tool in your belt: Contracts. For businesses, formalized contracts are the most important tool to secure revenue and protect assets.... View Article

How Your Contracts Are Losing You Money

by | June 4, 2019

Last month, we focused on tools you can use to increase your business’ profitability, many of which you already have available to you but which get put to the wayside in the day-to-day push to bring deals in the door. One such tool is your contracts, whether with your clients or your vendors. It’s not... View Article

June FOCUS Event: Are Your Contracts Losing You Money?

by | May 23, 2019

When businesses are caught up in the busy day-to-day of bringing sales in the door and getting client work performed, the specifics of contracts and agreements can get lost by the wayside. However, paying greater attention to the processing of contracts, as well as their substance, can prove to be a revenue generator. Join us... View Article

A Small Business Plan for Profit Improvement

by | May 16, 2019

This article was written by David Lightfoot of David Lightfoot CFO, LLC. The first step toward successfully evaluating your company’s financial health is with timely and accurate financial statements. But what if you’re getting accurate financial statements on a timely basis, but the profits aren’t up to your expectations? Where do you look next to... View Article

Financial Stewardship in Business

by | February 6, 2018

Our FOCUS event this month will highlight the impact of the new tax law changes for your business.  I cannot speak with any authority on that topic, but, in my opinion, the tax changes simply highlight the importance of strong financial stewardship of your business.  We spend a lot of time as business owners focused... View Article

Growing Revenues

by | April 17, 2013

Blog written by Managing Attorney, Michelle Bomberger At Equinox, we are seeing clients with much more optimism about business growth.  They are taking action to proactively find and jump onto growth opportunities.  A common way to doing so is hiring a sales representative.  Anyone doing this for the first time thinks, “How hard can it... View Article

How to Build Sustainable Revenue

by | April 4, 2013

Blog written by Elizabeth Harris, President of Resultist Consulting, www.resultist.com Building revenue can be a good thing or it can be disastrous. Done well it can lead to long term business success. When it goes wrong it can lead to many undesirable consequences. The key to successful revenue growth is ensuring that your revenue is... View Article