Beneficial Ownership Information Reporting (BOI)
Business Owner we would like to draw your attention to an important update that will come into effect from January 1, 2024. BOI. It will be mandatory for many companies to report information to the U.S. government regarding their ultimate ownership and control.
If you are a business owner or representative and require assistance with completing the necessary reporting of BOI please do not hesitate to contact us. At Ulloa & Company P.A. Accounting & Tax service, we understand the importance of complying with government regulations.
Our team of experts is here to provide you with the support and guidance you need to fulfill these reporting requirements. We are committed to ensuring that our clients remain compliant with all regulatory requirements and avoid any potential fines.
Please be advised that failure to comply with these regulations could result in a fine ranging from $500 to $10,000. We urge you to take appropriate action to meet these requirements and avoid any penalties.
Call us today for more information about BOI at 305-275-1300
Our Team is Ready to Help you!
Have Questions about your Taxes!