PATAX
Level 15
‎11-09-2023 06:51 AM

Check to see if your state has, or is planning, a state version of the Federal BOI. Pennsylvania apparently does per Act 122 and those with Pennsylvania clients may want to research this closely for themselves..... The state of New York apparently has a bill establishing similar transparency requirement and those with New York clients may want to research this closely for themselves. 

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IRonMaN
Level 15
‎11-09-2023 08:38 AM

I'm too tired today to do that.  I'm just going to go with the CAGMC attitude for today.


Slava Ukraini!
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Terry53029
Level 15
Level 15
‎11-09-2023 08:52 AM

Just thought it might be of interest to all, is this link to who must file a  BOI, and what it is.

https://www.fincen.gov/beneficial-ownership-information-reporting-rule-fact-sheet

 

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dascpa
Level 12
‎11-09-2023 08:55 AM

Anybody remember the days when all we did was accounting, taxes and consulting?  Now it's 15 minutes of a tax return and an hour of compliance work.  I miss the good old days when we only had passbook savings and stock trades were $39.95 each so there were very few.

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IRonMaN
Level 15
‎11-09-2023 08:58 AM

"FinCEN also intends to conduct extensive outreach to all stakeholders, including industry associations as well as secretaries of state and similar offices to ensure the effective implementation of the rule."

Yeah, sure.


Slava Ukraini!

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