The vast majority of small businesses no longer have to adhere to a strict deadline to report ownership information as p

The Treasury Department, together with President Donald Trump, announced that it will no longer enforce the Corporate Transparency Act or the related Beneficial Ownership Information Reporting require

President Donald Trump is praising a rule change by his Treasury Department that ends the reporting requirement for so-called beneficial ownership information, possibly after receiving a push from Elon Musk.

President Donald Trump has expressed his approval of the Treasury Department’s decision to suspend the Beneficial Ownership Information (BOI) reporting requirement, a move he believes will benefit small businesses across the nation.