Wednesday Jan 1, 2025
Wednesday, January 1, 2025
Many companies are required to report information to FinCEN about the individuals who ultimately own or control them. Find out more about the requirements before the 1/1/25 deadline by visiting:
https://www.fincen.gov/boi
Jason Carr
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As a courtesy to our fellow Chamber members, our team wanted to make sure to remind small business owners of the upcoming deadline from the Financial Crimes Enforcement Network (FinCEN).
If your business is registered or operating in the U.S., such as a corporation or LLC, you likely need to file a Beneficial Ownership Information (BOI) report. This requirement generally applies to most businesses. The deadline is Wednesday, January 1, 2025 and the consequences of noncompliance is steep - $500 penalty per day! If you have not completed your BOI for each of your businesses, visit: https://www.fincen.gov/boi
The Law Office of Jason Carr, PLLC has extensive IRS tax audit expertise and we help small businesses avoid potential tax problems. Services include tax planning, estate planning, business law, bookkeeping, and payroll for small businesses and start-ups. To find out more about our firm visit: https://carrtaxlaw.com/