Upcoming Webinar: December 13, 2023 – Navigating the Corporate Transparency Act

Category Archives: FinCEN

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…

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…

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…

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…

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…

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…

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….

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…

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…

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…

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…

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)…

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…

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…

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…