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FINCEN BOI Reporting services
ALL NEW AND EXISTING SMALL BUSINESSES WILL NEED TO FILE A BOI REPORT WITH FINCEN.
IF THIS BOI REPORT IS NOT FILED YOUR BUSINESS COULD BE fined UP TO $500 A day.
First things first "Who is FINCEN?" They are apart of the U.S. Department of the Treasury. They were created to watch over the financial system from money laundering and other illegal financial systems.
Starting January 1, 2024, there will be a new regulation in place that comes with a hefty fine of $500 for non-compliance for all small businesses that fail to submit a BOI report. If you start a new business after January 1, 2024 you have a maximum of 30 days to submit this BOI report to FINCEN and if you have an active business prior to January 1, 2024 you have until
December 31, 2024 to submit.
Understanding the Corporate Transparency Act
We here at ProBiz Partners have the knowledge and experience to help your small business submit the necessary documents and information to FINCEN to be compliant. Book an appointment today with ProBiz Partners!
Get the help your business needs Today!
WE ARE READY TO HELP YOU
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