Today is a provincial holiday in parts of Canada. Historically, this has been one of the busiest shopping days of the year. The Retail Council of Canada predicts that holiday spending will increase by 8% from last year. Keep in mind that sales for Boxing Week—December 26 through December 31—can run through the first week of the New Year. For the curious: historians disagree about the origins of Boxing Day. #IdeaoftheDay
Alert: The federal Fifth Circuit Court of Appeals lifted the preliminary injunction for enforcement of the Corporate Transparency Act (CTA). This law created the Beneficial Ownership Information (BOI) reporting requirement. FinCen says the BOI requirement is in effect, and reporting companies that were created or registered prior to January 1, 2024, have until January 13, 2025, to comply.
