BOI

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FinCen published the timeline to share BOI information with agencies and foreign governments

In this year so far, we have published several posts regarding the Beneficial Ownership Information (BOI) enforced by Financial Crimes Enforcement Network (FinCen). The latest BOI related post titled " When in doubt, keep filing BOI reports"  from March 2024 expressed our recommendation to keep filing the BOI as the unconstitutional declaration by the U.S.

By |2024-05-01T18:47:36+00:00May 1st, 2024|Categories: Business|Tags: , , , , , , , , |

When in doubt, keep filing BOI reports

As mentioned in previous posts, we highly recommend to keep filing BOI post as needed even after the unconstitutional declaration by the U.S. District Court, N.D. of Alabama. In a press release from FinCen, this organization will not enforce the Corporate Transparency Act (and BOI filing) against the plaintiffs, but everyone else is still required

By |2024-03-07T17:00:43+00:00March 7th, 2024|Categories: Business|Tags: , , , , |

BOI ruled unconstitutional by Federal district court

Last Friday night (March 2nd, 2024), as reported in different CPA societies like the Florida Institute one, "... a federal court ruled the Corporate Transparency Act (CTA) unconstitutional, potentially putting a temporary halt to the much anticipated beneficial ownership interest (BOI) reporting."  As of right now, the CTA and BOI are on hold until there

By |2024-03-04T16:15:16+00:00March 4th, 2024|Categories: Business|Tags: , , , , , |

NJ Thrives – Small Business taxes & BOI updates RECORDED WEBINAR LINK

The NJ SBDC posted our webinar related to the Small business taxes and BOI (Beneficial Ownership Interest) updates. They have an extremely curated website where there are over 100 videos for subjects relevant to any business owner, check it out - NJ Thrives NJ SBDC. Link for the WEBINAR (Around minute 53 educational example to

By |2024-02-15T18:40:58+00:00February 15th, 2024|Categories: Business, Individuals|Tags: , , , , , , , |

Small Business Taxes & BOI Updates: Stay Compliant, Stay Informed – Webinar NJSBDC

Join us this Thursday at 12 PM for our next event, "2024 Small Business Taxes & BOI Updates: Stay Compliant, Stay Informed." 💸 Navigate the 2024 tax landscape with confidence! Join our webinar for 2024 tax updates, red flags, and insights on the new BOI requirement. 🌐 In this informative session, Victor Garrido, Managing Member

By |2024-02-06T19:57:07+00:00February 6th, 2024|Categories: Business|Tags: , , , , , , , , , |

Beneficial Ownership Interest (BOI) – General information and filing guidance (webinar link)

If you are a small business owner with an EIN or State registration, you are probably required to file identifying information about the individuals who directly or indirectly own or control your company with the Financial Crimes Enforcement Network in order to satisfy requirements under the Corporate Transparency Act. The Beneficial Ownership Information Reporting Rule

BOI (Beneficial Ownership Interest) penalties increased to $591

Yesterday, Victor Garrido, CPA, EA, had a zoom call presentation about the "Beneficial Ownership Information (BOI) Report to avoid criminal and civil penalties" for the Greater Philadelphia Chamber of Commerce and his members. As we mentioned in our presentation, there are items that will keep changing regarding the Corporate Transparency Act passed in 2021. One

By |2024-01-26T15:58:13+00:00January 26th, 2024|Categories: Business|Tags: , , , , , |

Beneficial Ownership information – Required FinCEN report for businesses

From January 1st, 2024, any new company (exemptions are listed below) will have 30 days to file their initial Beneficial Ownership information (BOI) report. For the companies already in business before that date, the BOI has to be filed before January 1st, 2025.  Also, you should be reporting any changes in the BOI within the

By |2023-09-22T14:36:39+00:00September 22nd, 2023|Categories: Business|Tags: , , , , , , , |
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