163 \\ Beneficial Ownership Report Update: CPA Advice on BOI Deadlines and Compliance
- Author
- Tiffany Phillips - CPA, Small Business Money Mentor, Financial Expert
- Published
- Mon 09 Dec 2024
- Episode Link
- https://smallbusinessfinance.podbean.com/e/163-the-beneficial-ownership-report-controversy-what-business-owners-need-to-know-now/
This episode breaks down the latest updates on the Beneficial Ownership Information (BOI) reporting requirements and how a recent federal court injunction affects U.S. business owners. Learn what the Corporate Transparency Act (CTA) is, who must file, and what the penalties look like. We explain why the Texas court halted enforcement, what this temporary suspension means for you, and how to decide whether to file or wait. With a January 2025 deadline looming and potential changes from the Department of Justice and Congress, you’ll get clear, practical cpa advice on compliance, risk management, and protecting your business from penalties. Stay informed so you can make smart strategies and tax planning decisions in a fast-changing regulatory environment.
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