Background Background

News and Information on the Corporate Transparency Act and BOI Reports

Do I Need to File a BOI Report for My Business?
FAQ

Do I Need to File a BOI Report for My Business?

The Beneficial Ownership Information (BOI) reporting requirements can be confusing, especially for small business owners navigating these complex regulations for the first time. But complying with the new reporting requirements is essential to avoid potential problems down the road. Not filing when required could leave your business vulnerable if illicit actors were to exploit your company for illegal purposes and can result in penalties and even criminal charges. Let’s break down who...

By FileForms | August 23, 2023

Did you just start a business in 2024? BOI Reporting is the new Federal compliance requirement you’ve never heard of!

Over 32 million businesses need to file a Beneficial Ownership Information Report by the end of the year, though only 1 million have so far Starting a business is a huge step – congrats on getting things off the ground in 2024! However, many new business owners will be blindsided when learning they are required to submit a Beneficial Ownership Information (BOI) Report to the federal government...

By Frank Tumminello | March 30, 2024
Did you just start a business in 2024? BOI Reporting is the new Federal compliance requirement you’ve never heard of!

Latest News

Considerations for Trusts Under the Corporate Transparency Act (CTA)

Considerations for Trusts Under the Corporate Transparency Act (CTA)

The Corporate Transparency Act (CTA) introduces new reporting requirements that may indirectly affect trusts. While trusts themselves are not generally…

By Frank Tumminello | July 12, 2024
[JULY WEBINAR] The Corporate Transparency Act: Navigating BOI Reporting

[JULY WEBINAR] The Corporate Transparency Act: Navigating BOI Reporting

Beneficial Ownership Information (BOI) to the Financial Crimes Enforcement Network (FinCEN) marks a significant regulatory shift. This mandate underlines a…

By Jared Albright | June 26, 2024
Your Firm’s 180-Day Plan for BOI Reporting

Your Firm’s 180-Day Plan for BOI Reporting

Do you have a plan in place to ensure your clients’ compliance? Over the next approximately 180 days, a crucial…

By Frank Tumminello | May 22, 2024
[JUNE WEBINAR] The Corporate Transparency Act: Navigating BOI Reporting

[JUNE WEBINAR] The Corporate Transparency Act: Navigating BOI Reporting

Beneficial Ownership Information (BOI) to the Financial Crimes Enforcement Network (FinCEN) marks a significant regulatory shift. This mandate underlines a…

By FileForms | May 22, 2024
[WEBINAR] The Corporate Transparency Act: Navigating BOI Reporting w/ AdminBooks

[WEBINAR] The Corporate Transparency Act: Navigating BOI Reporting w/ AdminBooks

The requirement for millions of business owners to submit Beneficial Ownership Information (BOI) to the Financial Crimes Enforcement Network (FinCEN)…

By FileForms | May 8, 2024
[MAY WEBINAR] The Corporate Transparency Act: Navigating BOI Reporting

[MAY WEBINAR] The Corporate Transparency Act: Navigating BOI Reporting

The requirement for millions of business owners to submit Beneficial Ownership Information (BOI) to the Financial Crimes Enforcement Network (FinCEN)…

By FileForms | April 30, 2024
More BOI Reports will be Filed than Business Income Tax Returns in 2024 – Small Businesses Need Help

More BOI Reports will be Filed than Business Income Tax Returns in 2024 – Small Businesses Need Help

As this new law becomes a big priority for business owners who must file a new BOI report with the…

By Frank Tumminello | April 22, 2024
[WEBINAR] The Corporate Transparency Act: Navigating BOI Reporting w/ UENI

[WEBINAR] The Corporate Transparency Act: Navigating BOI Reporting w/ UENI

The requirement for millions of business owners to submit Beneficial Ownership Information (BOI) to the Financial Crimes Enforcement Network (FinCEN)…

By FileForms | April 19, 2024
[WEBINAR] The Corporate Transparency Act: Navigating BOI Reporting (SBDC/Small Business Week)

[WEBINAR] The Corporate Transparency Act: Navigating BOI Reporting (SBDC/Small Business Week)

Join us along with America’s SBDC for a special edition of our Corporate Transparency Act education webinar to celebrate National…

By FileForms | April 10, 2024
Did you just start a business in 2024? BOI Reporting is the new Federal compliance requirement you’ve never heard of!

Did you just start a business in 2024? BOI Reporting is the new Federal compliance requirement you’ve never heard of!

Over 32 million businesses need to file a Beneficial Ownership Information Report by the end of the year, though only…

By Frank Tumminello | March 30, 2024
[APRIL WEBINAR] The Corporate Transparency Act: Navigating BOI Reporting

[APRIL WEBINAR] The Corporate Transparency Act: Navigating BOI Reporting

The requirement for millions of business owners to submit Beneficial Ownership Information (BOI) to the Financial Crimes Enforcement Network (FinCEN)…

By FileForms | March 25, 2024
An Overview of The Corporate Transparency Act for Real Estate Professionals

An Overview of The Corporate Transparency Act for Real Estate Professionals

BOI Reporting for Real Estate Professionals The Corporate Transparency Act (CTA) was introduced to combat money laundering and other illicit…

By FileForms | March 21, 2024
Response from FinCEN on Alabama District Court Ruling – NSBA v. Yellen

Response from FinCEN on Alabama District Court Ruling – NSBA v. Yellen

On Friday, March 1, the U.S. District Court for the Northern District of Alabama declared the Corporate Transparency Act (CTA)…

By FileForms | March 8, 2024
BOI Report Checklist for Tax, Legal, and Financial Professionals

BOI Report Checklist for Tax, Legal, and Financial Professionals

Filing the Beneficial Ownership Information (BOI) Report to comply with the reporting requirements of the Corporate Transparency Act (CTA) can…

By FileForms | February 29, 2024
[MARCH WEBINAR] The Corporate Transparency Act: Navigating BOI Reporting

[MARCH WEBINAR] The Corporate Transparency Act: Navigating BOI Reporting

The requirement for millions of business owners to submit Beneficial Ownership Information (BOI) to the Financial Crimes Enforcement Network (FinCEN)…

By FileForms | February 26, 2024
Understanding the Corporate Transparency Act: Who Needs to File a Beneficial Ownership Report and Who is Exempt

Understanding the Corporate Transparency Act: Who Needs to File a Beneficial Ownership Report and Who is Exempt

The Corporate Transparency Act (CTA) is a federal law designed to thwart the misuse of anonymous shell companies in the…

By FileForms | February 25, 2024
FileForms Wins Top New Products for 2024 Award by Accounting Today

FileForms Wins Top New Products for 2024 Award by Accounting Today

FileForms has been honored with the prestigious Top New Products for 2024 Award by Accounting Today, a renowned recognition that…

By FileForms | February 24, 2024
FileForms Co-Founder Quoted in ThinkAdvisor

FileForms Co-Founder Quoted in ThinkAdvisor

In a recent article featured on ThinkAdvisor, Allison Bell delves into the intricacies of the Financial Crimes Enforcement Network’s (FinCEN)…

By FileForms | February 23, 2024
[RECORDED WEBINAR] The Corporate Transparency Act: Everything Financial, Tax, and Legal Professionals Need to Know

[RECORDED WEBINAR] The Corporate Transparency Act: Everything Financial, Tax, and Legal Professionals Need to Know

By FileForms | February 22, 2024
[RECORDED WEBINAR] The Corporate Transparency Act: Navigating BOI Reporting

[RECORDED WEBINAR] The Corporate Transparency Act: Navigating BOI Reporting

As of January 1, 2024, FinCEN is now accepting Beneficial Ownership Information (BOI) Reports, as required under the Corporate Transparency…

By FileForms | February 21, 2024
Beneficial Ownership Information Reports and Changes in Information

Beneficial Ownership Information Reports and Changes in Information

The Financial Crimes Enforcement Network (FinCEN) began accepting Beneficial Ownership Information (BOI) Reports on January 1, 2024, which can be…

By FileForms | February 1, 2024
Homeowners Associations and the Impact of the Corporate Transparency Act

Homeowners Associations and the Impact of the Corporate Transparency Act

The Corporate Transparency Act (CTA) was introduced to combat money laundering and other illicit activities by requiring certain companies to…

By FileForms | January 25, 2024
Beneficial Ownership Information Registry Now Accepting Reports

Beneficial Ownership Information Registry Now Accepting Reports

Yesterday, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) began accepting beneficial ownership information reports. The bipartisan Corporate…

By FileForms | January 2, 2024
The Unauthorized Practice of Law and the Corporate Transparency Act

The Unauthorized Practice of Law and the Corporate Transparency Act

The Corporate Transparency Act (CTA) was enacted in 2021 to mitigate illicit financial activities by requiring most companies that conduct…

By FileForms | December 28, 2023
FinCEN Issues Final Rule Regarding Access to Beneficial Ownership Information

FinCEN Issues Final Rule Regarding Access to Beneficial Ownership Information

Today, the Financial Crimes Enforcement Network (FinCEN, a part of the U.S. Department of Treasury) took another major step in…

By FileForms | December 21, 2023
[WEBINAR] The Corporate Transparency Act: Navigating BOI Reporting in 2024

[WEBINAR] The Corporate Transparency Act: Navigating BOI Reporting in 2024

Are you wondering how you should navigate the Corporate Transparency Act? Interested to know why the federal government is requiring…

By FileForms | December 20, 2023
CPAs and the CTA – Navigating Beneficial Ownership Information (BOI) Report Filing

CPAs and the CTA – Navigating Beneficial Ownership Information (BOI) Report Filing

With the passage of the Corporate Transparency Act (CTA) in 2021, CPAs and tax professionals will be called upon by…

By FileForms | December 8, 2023
FinCEN Extends Deadline for 2024 Companies to File BOI Reports

FinCEN Extends Deadline for 2024 Companies to File BOI Reports

The Financial Crimes Enforcement Network (FinCEN) released information that it is extending the deadline for certain reporting companies to file…

By FileForms | November 29, 2023
Empowering Registered Agents by Enabling Streamlined BOI Report Filing

Empowering Registered Agents by Enabling Streamlined BOI Report Filing

Beneficial Ownership Information (BOI) reporting is critical to corporate governance, particularly for registered agents and company formation service providers representing…

By FileForms | November 27, 2023
Planning Ahead: Why Event Services Businesses Must File A BOI Report Soon

Planning Ahead: Why Event Services Businesses Must File A BOI Report Soon

The demanding world of events services, entrepreneurs are required to successfully manage a host of responsibilities simultaneously. Whether orchestrating destination…

By FileForms | November 13, 2023
Real Estate Businesses Will Be Underwater if They Miss the BOI Report Filing Deadline

Real Estate Businesses Will Be Underwater if They Miss the BOI Report Filing Deadline

In the ever-changing real estate industry, businesses – including commercial real estate companies, Airbnb properties, real estate brokers, land developers…

By FileForms | November 9, 2023
WEBINAR: Navigating the Corporate Transparency Act and BOI Reporting

WEBINAR: Navigating the Corporate Transparency Act and BOI Reporting

Are you wondering how you should navigate the Corporate Transparency Act? Interested to know why the federal government is requiring…

By FileForms | November 7, 2023
Turning Pain Points into Profits: How Tax Accountants Could Benefit from the Corporate Transparency Act

Turning Pain Points into Profits: How Tax Accountants Could Benefit from the Corporate Transparency Act

Between servicing clients, maintaining or reviewing books, and filing taxes, accountants and their firms must allocate their time to projects…

By FileForms | October 23, 2023
How the Corporate Transparency Act Will Affect Farmers and the Agriculture Sector

How the Corporate Transparency Act Will Affect Farmers and the Agriculture Sector

Although it has not, to date, been highly publicized, make no mistake, the Beneficial Ownership Information (BOI) report, a direct…

By FileForms | October 15, 2023
Under the Hood of a Fast-Approaching Deadline: How the Corporate Transparency Act will Affect Automotive Businesses

Under the Hood of a Fast-Approaching Deadline: How the Corporate Transparency Act will Affect Automotive Businesses

In the fast-paced automotive and auto services industry, enterprises, especially small businesses, often find themselves managing a multitude of tasks….

By FileForms | October 13, 2023
Healthcare and Medical Services Face Critical Mandate from Corporate Transparency Act

Healthcare and Medical Services Face Critical Mandate from Corporate Transparency Act

In the demanding world of healthcare and medical services, institutions, especially smaller clinics, in-home aides, and private physician practices, often…

By FileForms | October 13, 2023
WEBINAR: An Expert’s Guide Through the Corporate Transparency Act and Beneficial Ownership Reporting

WEBINAR: An Expert’s Guide Through the Corporate Transparency Act and Beneficial Ownership Reporting

RECORDING BELOW Here is the recording from our most recent webinar on the Corporate Transparency Act.     Are you…

By FileForms | October 12, 2023
Your Education Services Business Could Face Fines as a Result of the Corporate Transparency Act 

Your Education Services Business Could Face Fines as a Result of the Corporate Transparency Act 

In educational services, proprietors of small businesses, such as tutoring centers, music schools, dance studios, and financial literacy workshops, grapple…

By FileForms | October 12, 2023
How the Corporate Transparency Act Will Affect the Trades Industry

How the Corporate Transparency Act Will Affect the Trades Industry

Those in the trades industry, especially small businesses and tradesmen such as electricians, HVAC specialists, roofers, carpenters, painters, plumbers and…

By FileForms | October 10, 2023
Franchisees Beware: Filing a BOI Report Is Not Optional and Must Be Done Soon

Franchisees Beware: Filing a BOI Report Is Not Optional and Must Be Done Soon

Placed in a demanding world, business franchises face a multitude of challenges. From fast food establishments and coffee shops to…

By FileForms | October 8, 2023
Why Professional Services Firms Must File a BOI Report Now to Avoid Fines

Why Professional Services Firms Must File a BOI Report Now to Avoid Fines

Modern professional services firms regularly offer critical and unique services to both enterprises and individual consumers. From accounting and law…

By FileForms | October 5, 2023
Immediate Action Required for Specialty Retailers: Your BOI Report Needs to Be Filed

Immediate Action Required for Specialty Retailers: Your BOI Report Needs to Be Filed

Within our country’s diverse economic landscape, specialty retailers stand out as extraordinary options that enrich our shopping experiences. These businesses,…

By FileForms | October 3, 2023
FinCEN Provides New Guidance Materials on BOI Reporting Requirements

FinCEN Provides New Guidance Materials on BOI Reporting Requirements

The Financial Crimes Enforcement Network (FinCEN) issued additional guidance materials today, all to support the new Beneficial Ownership Information (BOI)…

By FileForms | September 29, 2023
Deadline Approaching: Why Restaurant and Hospitality Small Businesses Must File a BOI Report Now!

Deadline Approaching: Why Restaurant and Hospitality Small Businesses Must File a BOI Report Now!

Companies of all sizes, particularly small businesses, often juggle numerous responsibilities, especially in the high-pressure restaurant and hospitality industry. From…

By FileForms | September 27, 2023
FinCEN Releases ‘Compliance Guide’ for BOI Report

FinCEN Releases ‘Compliance Guide’ for BOI Report

On Monday, September 18, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) released their Small Entity Compliance…

By FileForms | September 21, 2023
New York LLC Transparency Act

New York LLC Transparency Act

Ultimately, FileForms has been covering the Corporate Transparency Act (CTA) with a microscope. However, New York Governor Kathy Hochul has…

By FileForms | September 12, 2023
What is PII?

What is PII?

PII stands for Personally Identifiable Information, the information used to identify yourself. In today’s high-tech work, you give up your…

By FileForms | September 11, 2023
How to Choose an Online Filing Platform

How to Choose an Online Filing Platform

Starting January 2024, millions of businesses nationwide will be responsible to file a Beneficial Ownership Information (BOI) Report, in addition…

By FileForms | September 8, 2023
Current State of Play within the Entity Filing and Reporting Software Space

Current State of Play within the Entity Filing and Reporting Software Space

  Maintaining compliance with ever-changing regulatory requirements is a complex but necessary day-to-day task for any business. New laws and…

By FileForms | September 5, 2023
Filing Your BOI Report is A Lot Like Filing Your Taxes

Filing Your BOI Report is A Lot Like Filing Your Taxes

Beginning in 2024, businesses nationwide must begin filing their Beneficial Ownership Information (BOI) reports, a new reporting requirement resulting from…

By FileForms | September 5, 2023
Startups Beware of FinCEN’s BOI Report Deadline

Startups Beware of FinCEN’s BOI Report Deadline

With FinCEN’s deadline for the Beneficial Owner Information (BOI) Report quickly approaching, one area of focus for them, as well…

By FileForms | August 28, 2023
How the BOI Report Will Affect Real Estate and Investment Properties

How the BOI Report Will Affect Real Estate and Investment Properties

Beginning January 1, 2024, the Beneficial Ownership Information (BOI) Report will affect real estate developers and investment property owners across…

By FileForms | August 25, 2023
Do I Need to File a BOI Report for My Business?
FAQ

Do I Need to File a BOI Report for My Business?

The Beneficial Ownership Information (BOI) reporting requirements can be confusing, especially for small business owners navigating these complex regulations for…

By FileForms | August 23, 2023
BOI Report Filing for Large Businesses

BOI Report Filing for Large Businesses

BOI Report Filing for Large Businesses The recently-passed Corporate Transparency Act (CTA) dictates that certain businesses must, starting January 1,…

By FileForms | August 10, 2023
BOI Report Filing for Medium-Sized Businesses

BOI Report Filing for Medium-Sized Businesses

How should a medium-sized business comply with the newly-passed Corporate Transparency Act? You can request representation and BOI report filing…

By FileForms | August 10, 2023
What Is FinCEN?

What Is FinCEN?

At your business, you likely have many responsibilities that demand your time and attention. Keeping up with changing regulations and…

By FileForms | July 24, 2023
The Final Rule and the Corporate Transparency Act

The Final Rule and the Corporate Transparency Act

On September 30, 2022, the Financial Crimes Enforcement Network (“FinCEN”) of the United States Treasury issued a new final rule…

By FileForms | June 1, 2023
What Is the Corporate Transparency Act?
FAQ

What Is the Corporate Transparency Act?

The Corporate Transparency Act: an Overview of FinCEN’s New Act On January 1, 2021, Congress enacted the Corporate Transparency Act…

By FileForms | May 25, 2023
Corporate Transparency Act and the ABA

Corporate Transparency Act and the ABA

Why the Corporate Transparency Act was Passed Little known to CPAs, attorneys, and business owners, the Corporate Transparency Act (“CTA”) was…

By FileForms | May 20, 2023
The Sweeping New Corporate Disclosure Law Affecting 30MM Companies that No One Has Heard Of…

The Sweeping New Corporate Disclosure Law Affecting 30MM Companies that No One Has Heard Of…

Quietly tucked into an already-forgotten bill passed in 2020 is one the most paradigm-shifting pieces of legislation relevant to both…

By Kenny | May 16, 2023
Corporate Transparency Act

Corporate Transparency Act

Unbeknownst to most U.S. tax professionals, and certainly their clients, the Corporate Transparency Act (“CTA”) was quietly enacted on January…

By FileForms | May 10, 2023