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Business BOI Reporting Basics

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Business owners need to be aware that they have a new filing requirement that will incur penalties of thousands of dollars if they do not comply. Join XQ CPA partner Charlene as she informs you on what BOI reporting is, why you need to do it, and what are the implications for business owners.

Sources:
https://fincen.gov/news/newsreleases...
https://www.hklaw.com/en/insights/pub...
https://fincen.gov/boifaqs
https://www.xqcpahouston.com/'>https://www.xqcpahouston.com/singlep...

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DISCLAIMER: Tax Tips discussed here were prepared for the purpose of this video. To apply these strategies, please consult with your CPA or professional tax preparer.

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