MCACA

ALERT! Corporate Transparency Act (CTA) Reporting is Off-Again: Update as of March 27, 2025 FinCEN Removes Beneficial Ownership Reporting Requirements for U.S. Companies and U.S. Persons, Sets New Deadlines for Foreign Companies. On March 21, 2025 the U.S. Treasury Financial Crimes Enforcement Network (FinCEN) issued an interim final rule removing the requirement for U.S. companies and U.S. persons to report beneficial ownership information (BOI) under the Corporate Transparency Act (CTA). In that interim final rule, FinCEN revises the definition of “reporting company” in its implementing regulations to mean only those entities that are formed under the law of a foreign [...]

Several new laws and regulations significantly affect masonry construction businesses. Notable changes include an increase in employee sick leave from three to five days, implementation of a workplace violence prevention plan, an increase in the state minimum wage and minimum exempt employee salary, updates to the criminal history regulation, and a proposed indoor heat illness regulation. 1). Paid Sick Leave (SB 616) Starting January 1, 2024, Employees are now entitled to 5 days or 40 hours of paid sick leave (PSL). Previously, they were entitled to 3 days or 24 hours. Additionally, by January 1, 2024, [...]

New Edition of TMS 402/602 Masonry Code and Spec Published Courtesy of THE MASONRY SOCIETY Following a 6-year development schedule, The Masonry Society (TMS) has completed and published the 2022 edition of TMS 402/602 Building Code Requirements and Specification for Masonry Structures. This updated edition of TMS 402/602 includes numerous changes and additions such as completely revised veneer provisions that are more rationally based and a new Appendix on the use of GFRP (Glass Fiber Reinforced Polymer) reinforced masonry. Review of the new standards and changes made are available on a five-part recorded webinar series by The Masonry Society [...]