Skip to content

Department of Treasury Releases Update on Corporate Transparency Act: What You Need to Know

Department of Treasury Releases Update on Corporate Transparency Act: What You Need to Know

Learn about this topic and other legal news.


Corporate Transparency Act

The US Treasury Department announced on March 3, 2025 that, with respect to the Corporate Transparency Act (CTA), not only will it not enforce any penalties or fines associated with the beneficial ownership information reporting rule under the existing regulatory deadlines, but it will further not enforce any penalties or fines against U.S. citizens or domestic reporting companies or their beneficial owners after the forthcoming rule changes take effect either. The Treasury Department will issue a proposed rule that will narrow the scope of the rule to foreign reporting companies only. Review our Law Guide, Corporate Transparency Act, to understand more about this law and its possible impact on your business.


Background Checks on Employees and Contractors

Employers must search specific registries with the name of certain employees and contractors prior to employment by a physician’s practice. TMA’s Law Guide topic, Background Checks on Employees and Contractors contains links to the required registries and when to check an employee/contractor.


X-Ray Operator in a Physician’s Office

The employing physician is responsible for the actions of an x-ray operator in his/her office and could be subject to discipline by the licensing board. Recently a physician was assessed a $2400 civil penalty for a tech’s 48 months of unlicensed practice and a report was made to the National Practitioner Databank. Make sure your practice compliance plan includes a routine check of the license status of all employees required to be licensed by the state. You may check the status of a Tennessee license at https://internet.health.tn.gov/Licensure/. See TMA’s Law Guide, X-Ray Operators, for all of the requirements regarding the provision of x-ray services in a physician’s office.


Title Identification

Tennessee law requires a healthcare professional to display his/her license, post a sign at the building entrance, and communicate his/her license during every patient visit. See our Law Guide topic, Title Identification – Communicating Credentials to Patients, to fully understand all requirements.


Telemedicine LG topic

Tennessee law requires payment parity for telemedicine visits and allows reimbursement for audio only visits in specific circumstances. Review our Law Guide topic, Telemedicine, for all the details and requirements that must be met to receive the parity and audio-only payments.

Powered By GrowthZone
Scroll To Top