Two days ago, the Committee on the Authorized Practice of Law appointed by the Supreme Court of New Jersey issued an opinion which settles the debate if helping or filing a BOI report by a CPA Certified Public Accountant or EA Enrolled Agent constitutes unauthorized practice of law in NJ. Note that we expect other
Our colleagues from NJ SBDC have posted the Mid-year Financial review seminar from mid-June 2024 in Youtube. We highly recommended checking the amazing video library of this organization as it has over a hundred and fifty recording on different topics relevant to any business owner. What You'll Learn from this presentation: - Key tax changes
Dive into the essential 2024 tax updates in this Presidential election year and Beneficial Ownership Interest (BOI) requirements to keep your business compliant and penalty-free! Join our friends at NJ SBDC this next Thursday, June 13th at 12 PM EST for our next event, "Mid-Year Financial Review: Tax Changes & BOI Compliance in 2024", a
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.
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
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
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
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
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
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
