BOI reporting requirements for 2024

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Beginning January 1, 2024, the Financial Crimes Enforcement Network (FinCEN) began accepting Beneficial Ownership Information Reports (BOIR). The reports are a new compliance requirement enacted by the Corporate Transparency Act that affects many small businesses. We’ve outlined a few points relevant to our business clients below. You can read more on FinCEN’s BOI site. Key Deadlines for BOI reporting There is no annual filing, only the initial and updated filings. Does my business need to…

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