High Quality Payroll and HR Services
Client Resources News & Tips Email Us 610-310-7615
Dec 19, 2024
Court Stops Corporate Transparency Act
The Corporate Transparency Act was slated to affect many businesses in 2025 with some heavy-duty reporting requirements. But a court has just effectively stopped it, definitely for now, and possibly permanently. Read through for some details.
As reported in the National Law Review: "On December 3, 2024, a Texas-based federal court issued a sweeping order prohibiting the federal government from enforcing the Corporate Transparency Act (CTA) anywhere in the country."
This much-debated law imposed heavy reporting requirements on a wide range of companies, starting in 2025. But a federal court in Texas issued a preliminary injunction blocking it. In the court's words:
Pending before the Court is Plaintiffs’ Motion for Preliminary Injunction (Dkt. #6). Through it, Plaintiffs seek to enjoin the Government from enforcing the Corporate Transparency Act and its Implementing Regulations. Having considered the Motion, the arguments of counsel, and the applicable law, the Court concludes that the Motion should be GRANTED.
Indeed, amidst over 70 dense legal pages, the court referred to the CTA as a "quasi-Orwellian statute."
However, the National Law Review said a government appeal is likely, so the CTA may come back. For now, however, businesses can relax. Still, owners should stay in touch with their financial advisers, in case the CTA comes back in the future.
©2024
MORE RECENT NEWS…
Aug 27, 2026
Where Remote Work Stands Today
The pandemic reshaped how and where work gets done, disrupting the U.S. office market and accelerating the shift toward remote and hybrid models. While return-to-office efforts have focused on productivity, collaboration and culture, they have also been influenced by practical concerns such as long-term leases and underused office space. Read through to see how hybrid work continues to evolve.
Aug 26, 2026
Protecting Your Company From Online Defamation
Your company has terminated an employee — and now you're bracing for what they might say about their former workplace online. Social media can turn a disgruntled former worker into a very public critic. Read through for an overview of ways to prevent disparagement through culture and policy, deter it with a nondisparagement clause and respond to it with legal help.
Aug 25, 2026
Newsflash: Enhancements to the Paid Family and Medical Leave Tax Credit
Employers, including small businesses, that provide paid family and medical leave to their employees may be eligible for an employer tax credit. Read through to read about several new enhancements to this credit under the Working Families Tax Cuts.
Aug 24, 2026
Protect Your Business From Cybersecurity Attacks
No matter what the size of the organization, all businesses face the threat of cybersecurity attacks. Small businesses in particular feel vulnerable to cyberattacks. Read through for a discussion about what small businesses are doing to secure their data.
More News & Press can be found in our Archive.
Panacea Payroll
3277 West Ridge Pike
Suite A101
Pottstown, Pennsylvania 19464
610-310-7615
MEMBER OF
WE'RE SERIOUS ABOUT SECURITY
Staying resilient from malicious threats, cyber and physical, is critical in providing the exemplary value our clients expect from us. To do this, we integrate the National Institute of Standards and Technology's (NIST) Cybersecurity Framework that ensures our security procedures, policies, and infrastructure are up to the highest standard possible. Financial institutions, infrastructure management, defense, healthcare, and other heavily regulated industries that rely on stringent information safeguards use the NIST Cybersecurity Framework. We review our security policies and procedures frequently to ensure newly identified threat and vulnerability information is incorporated. Our network infrastructure and physical locations are continuously monitored for anomalies and uninvited guests. Additionally, our incident response and business continuity plans are tested frequently to minimize the likelihood of backup failures.
© 2026 Panacea Payroll, All Rights Reserved.