News & Insights
Changes to Alabama Secretary of State Annual Report fee
Beginning January 1, 2024, the Alabama Secretary of State Annual Report fee will no be longer included and paid on the Business Privilege Tax return.
Corporate Transparency Act (CTA)
On February 27, 2025, FinCEN announced that it will not issue fines or penalties or take any other enforcement actions against any companies based on their failure to file or update their BOI reports under the Corporate Transparency Act (CTA) by the deadlines currently in effect.
IRS Elimination of Paper Checks (Executive Order 14247)
On March 25, 2025, President Trump signed Executive Order 14247, directing the U.S. Department of the Treasury to modernize federal payments by phasing out paper checks and shifting the federal government’s disbursement and collection processes to electronic formats.

