The numbers for the FinCen BOI requirement starting 2024 are staggering. FinCen is going to allow access to the data collected from business owners to different financial institutions and State and Local authorities. From different articles, "...FinCEN also estimated that 15,934 entities will seek access to BOI, and that the vast majority of them—15,716—will be
If you are a business owner, then, you are familiar with the increase in regulations and the complexity of running a business. Keeping a business in compliance is more and more difficult due to the fast pace of law changes from different Federal, State and Local government entities and the allocation of more funding for
Last week, some of our clients and other tax professionals have been sharing with us some of their notices received from different tax authorities. As we always recommend, please, review it carefully as it might be sent by error as more and more tax departments are relying on a) IT criteria, b) outstanding balance without
