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- 🔎 BOI is Back, Big Healthcare Moves & AI’s Medical Deception—What You Need to Know
🔎 BOI is Back, Big Healthcare Moves & AI’s Medical Deception—What You Need to Know
New BOI deadlines just dropped, UnitedHealth’s billion-dollar merger is in hot water, Indiana is shaking up healthcare transparency, and California is cracking down on AI pretending to be your doctor. Let’s dive into what it all means! 🚀
BOI Reporting Back in Play: New Deadlines 🗓️ & Compliance Updates
The Corporate Transparency Act's BOI reporting requirements have been reinstated following key federal court rulings, with a new March 21, 2025, filing deadline for most reporting companies.
Key Points
BOI reporting has been reinstated after court rulings lifted injunctions, bringing back the Corporate Transparency Act’s BOI requirements.
FinCEN has extended the reporting deadline to March 21, 2025, and will conduct a 30-day review period to consider potential adjustments.
The House passed the Protect Small Business from Excessive Paperwork Act, which could extend the reporting deadline for older companies to January 1, 2026, if enacted.
Companies are urged to stay alert đź”” to evolving deadlines and ensure timely reporting to avoid non-compliance.
Why It Matters
The reinstatement of BOI reporting revives significant compliance obligations for businesses, with tight deadlines and potential future adjustments. Companies must act swiftly to avoid penalties, as ongoing legal and legislative shifts could further impact reporting requirements.
Takeaway
Businesses must prepare to meet the March 21, 2025, deadline while monitoring potential legislative changes that could alter compliance timelines, especially for entities formed before January 1, 2025.