Breaking News: Treasury Suspends BOI Enforcement
Boston Financial Advisory Group
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Boston Financial Advisory Group
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The AICPA has applauded the Treasury's decision to suspend the enforcement of Beneficial Ownership Information (BOI) reporting for U.S. citizens and domestic entities.
Key takeaways:
? No fines or penalties for failure to file BOI reports
? Reduced regulatory burden for businesses
? AICPA views this as a positive step
At BFAG, we're here to help you navigate these changes. Have questions about how this affects your business? Let’s connect!