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Corporate Tax

The Corporate Transparency Act – New Federal Requirements Effective January 1, 2024

January 03, 2024

Who is required to file a report?

Beginning January 1, 2024, the Corporate Transparency Act (CTA) imposes significant new reporting requirements on a broad range of corporate entities.  With certain exceptions, any domestic entity created by the filing of a document with a secretary of state or any similar office (which would generally include corporations, limited liability companies, limited partnerships, and limited liability partnerships) is a reporting company subject to the reporting requirements. Most “small” entities will be reporting companies. The CTA also applies to foreign entities registered to do business by the filing of a document with a secretary of state or any similar office.

Haynsworth Sinkler Boyd Recognized as a 2023 “Best Law Firm” by U.S. News – Best Lawyers®

November 03, 2022

Haynsworth Sinkler Boyd has been named a top-tier firm by U.S. News – Best Lawyers® in its 2023 “Best Law Firms” rankings for the 13th consecutive year.

Haynsworth Sinkler Boyd Recognized as a 2022 “Best Law Firm” by U.S. News – Best Lawyers®

November 04, 2021

Haynsworth Sinkler Boyd has been named a top-tier firm by U.S. News – Best Lawyers® in its 2022 “Best Law Firms” rankings for the 12th consecutive year.

Haynsworth Sinkler Boyd’s Sterling Moose Selected for Leadership Charleston’s Class of 2022

August 30, 2021

Haynsworth Sinkler Boyd is pleased to announce that Sterling Moose has been selected to participate in the Charleston Metro Chamber of Commerce Leadership Charleston Class of 2022.

Haynsworth Sinkler Boyd’s Philip Land Receives Master of Laws in Taxation

October 15, 2020

Haynsworth Sinkler Boyd is pleased to announce that Philip Land, an attorney in the Greenville office, has graduated from Georgetown University Law Center with a Master of Laws in Taxation (Executive LL.M.).

Haynsworth Sinkler Boyd Attorneys Present on LLCs

September 23, 2020

Haynsworth Sinkler Boyd’s Scott Barnes, Suzi Clawson and Mac McQuillin recently presented at the South Carolina Bar Association’s virtual CLE on South Carolina Limited Liabililty Corporations.

Property Tax Relief Available for Those Who Missed the January 31st Filing Deadline

September 01, 2020

The sale of real property and certain other transactions in South Carolina subjects the real property to a reassessment for ad valorem property tax purposes (an “assessable transfer”). This reassessment of real property can create a significant increase in the value of the property for ad valorem property tax purposes if the property had been held by the seller for a long period of time at a much lower value.

77 Haynsworth Sinkler Boyd Attorneys Recognized by Best Lawyers

August 20, 2020

Haynsworth Sinkler Boyd is proud to announce that Best Lawyers®, a legal peer-review guide, has selected 77 attorneys for inclusion in The 2021 Best Lawyers in America©, including eight attorneys as “Lawyer of the Year” and seven attorneys as “Ones to Watch.”

PPP Flexibility Act Signed Into Law

June 05, 2020

On Wednesday evening, the U.S. Senate passed the Paycheck Protection Program Flexibility Act (the “Act”), which amends the CARES Act to provide businesses with greater flexibility in the use of PPP funds. President Trump signed the bill into law today, June 5. Below is a summary of the key changes.

Senate Passes Paycheck Protection Program and Health Care Enhancement Act to Add $310 Billion to Paycheck Protection Program

April 22, 2020

The United States Senate passed a bill on Tuesday, April 21, to increase the $349 billion cap under the Paycheck Protection Program (PPP). The “Paycheck Protection Program and Health Care Enhancement Act” would add another $310 billion in funding to the PPP, increasing the total amount to $659 billion.
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