Top Tier Tax Services: Your Guide to Corporate Compliance. We prepare and file you FinCEN Reporting
Stay Compliant, Stay Transparent with BOI Filing
Top Tier Tax Services: Your Guide to Corporate Compliance. We prepare and file you FinCEN Reporting
Let us take care of your FinCEN reporting
We simplify your FinCEN reporting process. FinCEN requires certain businesses to submit reports about their beneficial owners as part of the Corporate Transparency Act. This can be a time-consuming process, but Top Tier Tax Services is here to handle everything for you.
About Top Tier Tax Services
Our FinCEN Reporting Services Include
- Complete Preparation: We prepare your Beneficial Ownership Information (BOI) report and gather the required details.
- Accurate Filing: We ensure your BOI report is accurate and submitted on time, protecting you from penalties.
- Document Handling: We manage all documents, including identification and ownership details, ensuring compliance with FinCEN rules.
- Timely Updates: If there are changes to your BOI information, we’ll help you file updates within the required 30-day window.
Why is BOI Reporting Important?
BOI reporting helps ensure that businesses operate with transparency, preventing misuse for illegal activities. By identifying the beneficial owners, the government can better track financial activity, making the U.S. business environment more secure. Filing your BOI report on time not only keeps your company compliant but also helps contribute to a safer financial system.
Key Points About BOI Filing
- Who Must File: Corporations, LLCs, and other companies created by filing with a U.S. secretary of state or similar office must submit a BOI report.
- What to Report: You must report the name, birthdate, address, and a unique ID number for each beneficial owner, along with an image of their identification. New companies (created after January 1, 2024) must also include information about company applicants.
When to File
- Companies formed after January 1, 2024 must file their BOI report within 90 days of becoming effective.
- Starting January 1, 2025, the deadline to file will be 30 days.
- Why it Matters: BOI filing ensures business transparency and prevents illegal financial activities. Accurate and timely filings are crucial to avoid penalties.
- Penalties for Non-Compliance: Late filings may result in civil penalties, and intentionally not filing could lead to criminal charges.
- Updates: Any changes to your beneficial ownership information must be reported within 30 days to remain compliant.