Crady Jewett McCulley & Houren LLP

Is your organization prepared for the January 1, 2025, CTA filing deadline? The Corporate Transparency Act (CTA) is bringing significant changes to business reporting requirements. How confident are you that your business is prepared? Here are some key points to consider: • Most U.S. corporations, LLCs, and similar entities must file a Beneficial Ownership Information (BOI) report with FinCEN • The report includes details about the reporting entity, beneficial owners, and company applicants • There are 23 types of exempt entities - does your business qualify? • Non-compliance can result in fines up to $10,000 and potential imprisonment At Crady Jewett McCulley & Houren LLP, we're committed to helping our clients navigate these complex regulatory waters. Our experienced team can help you by: 1) Analyzing your corporate structure to determine your reporting obligations 2) Identifying beneficial owners who meet reporting criteria 3) Preparing and organizing the documentation your business requires 4) Ensuring your BOI report is accurate and submitted on time Don't let this deadline catch you off guard. Whether you need assistance with CTA compliance or have year-end corporate or tax questions, we're here to provide clear, actionable advice tailored to your unique situation. #CorporateTransparencyAct #TaxCompliance #BusinessLaw #FinancialPlanning

Secure your spot today for our November 7th session and get the latest insights on tax law changes that could impact your financial strategy. Click the link to Reserve Today 👉 https://loom.ly/4gjAwbY

The Internal Revenue Service has just announced an important update that could significantly impact your financial planning. The estate and gift tax exemption is set to increase in 2025, with the “basic exclusion amount” rising to $13.99 million per person, up from $13.61 million today. This change is a valuable opportunity for tax-free transfers both during life and at death. The IRS has also adjusted several other provisions, including: • Federal income tax brackets • Long-term capital gains tax brackets • Eligibility for the earned income tax credit Speak to one of our tax partners to make sure your financial plans are on track after the latest IRS changes. #CJMH #Taxplanning #2025updates

Stay ahead of the game! Learn about the latest updates to tax laws and how they could directly affect your financial strategy. Whether you're planning for the upcoming year or looking to make adjustments, now is the perfect time to ensure your tax plan is optimized for success. Don’t miss out the 36th Annual Tax Planning Seminar! Reserve your spot here👉 https://loom.ly/4gjAwbY

The Career Resource Center recently hosted its sixth annual Fall First Look - Meet the Employers networking event. Attended by nearly 230 freshly minted 1L students and 29 firms, the event provided participants with a sneak peek into the opportunities for summer associate placements ahead of the 1L recruitment cycle. A special thanks to the participating firms: Baker Donelson BakerHostetler Bracewell LLP Chamberlain Hrdlicka Crady Jewett McCulley & Houren LLP Foley & Lardner LLP Frost Brown Todd Haynes and Boone, LLP Hess Corporation Hirsch & Westheimer, P.C. Holland & Knight LLP Hunton Andrews Kurth LLP Jackson Lewis P.C. Jackson Walker LLP Kane Russell Coleman Logan PC Kean Miller LLP Kirkland & Ellis Locke Lord LLP Lewis Brisbois Munsch Hardt Kopf & Harr, P.C. Nelson Mullins Riley & Scarborough Norton Rose Fulbright Patterson + Sheridan, LLP Porter Hedges LLP Schouest, Bamdas, Soshea, BenMaier & Eastham PLLC Vinson & Elkins Weil, Gotshal & Manges LLP Wright Close & Barger, LLP Wilson Cribbs + Goren For more photos from the event, click here: https://bit.ly/3YtBOdO #STCLHouston #SouthTexasLaw

Thank you to Houston Business and Tax Law Journal for helping us host an amazing panel giving a peek into the life of a transactional associate! A special thanks to our own David Fuss and HBTLJ's Deborah Billy Gillis-Harry and Mona Deo, CPA for the opportunity to speak with students and collaborate with Tripp Hise and Alyssa Allen this week.

Don't miss out on your chance to learn about the latest changes to tax law and the impacts they could have on your tax plan. Watch this space for details on how to reserve your spot! https://loom.ly/4gjAwbY

We are very excited to host a panel during UHLC 2024 Corporate Week this year! We're looking forward to giving students a peek into the day-to-day world of a Transactional Associate.

Really looking forward to joining a panel at my alma mater to share my perspective as a tax/transactional attorney. As a first gen lawyer, it’s always exciting to help guide law students as they begin to chart their course into the legal profession! Special thanks to everyone on the Houston Business and Tax Law Journal Team that helped make this event possible!

THE IMPENDING TCJA SUNSET AND WHAT IT MEANS FOR YOU Most individual and estate tax changes made by the TCJA will expire at the end of 2025, reverting to pre-2017 tax law in 2026 unless Congress takes action. For example, the current $13.61million estate tax exemption is set to drop by roughly half, creating a narrow window of opportunity for high-net-worth individuals. Estate planning takes time to implement. At Crady Jewett McCulley & Houren LLP , we’re advising our clients to act sooner rather than later. This will give clients the most time to implement any plans they determine fit their desires and needs. Waiting until too close to the sunset could make those changes more difficult to accomplish. We suggest that anyone who has questions about the impact of the TCJA, its sunset, and its impact on their estate plan may want to revisit their plan with an attorney. These discussions may also affect those individuals and couples who fall below the current exemption. Be proactive and if you have questions, speak with your estate planning team sooner rather than later. #EstatePlanning #TaxPlanning #TCJA #WealthManagement