Help your clients stay compliant and avoid hefty fines with BOI reporting — you’re well-positioned to do it.
2024 kicked off with a bang, thanks to the introduction of the Corporate Transparency Act (CTA).
But what does it mean for your business AND your clients?
The new Beneficial Ownership Information (BOI) Reporting was designed to help the government track down and prosecute financial crimes, such as money laundering and terrorist financing.
However, it also means that a lot of regular businesses have to apply as well: namely LLCs and corporations (S-corps, C-corps) among others. This poses a challenge because there are nuances to the reporting that can be more difficult to track the larger a company is.
So, helping your clients know how to properly comply with these new regulations is going to be a huge opportunity for tax professionals and accountants this year.
That’s why TaxProMarketer Founder Nate Hagary and CEO Christian Jones brought in Dominique Molina, co-founder and President of the American Institute of Certified Tax Coaches. She shared all about how to navigate the BOI Reporting requirements and help clients get it taken care of.
Tune in to this one and learn yet another way for you to be a trusted guide for your clients.