On July 1, 2020, the U.S.-Mexico-Canada Agreement (USMCA) became official, replacing NAFTA. It’s the first trade agreement ever to include a chapter dedicated to small businesses. The new SBA Office of International Trade (OIT) is helping small businesses involved in international trade, including with Mexico and Canada. The OIT has a new international sales information resource site to help you with your sales efforts abroad.
Barbara Weltman
Big Ideas for Small Business, Inc.
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BOI reporting cont'd. But this isn’t the end of the story. The government filed a notice of appeal with the appellate court, and FinCEN says “deadline stay—voluntary submission only” (https://bit.ly/3ZpKxwU Note: There are cases challenging CTA that are still pending.