EDIT: I misspoke about this being an annual filing - it is a one-time filing, unless you need to update the ownership information.
This video breaks down the new small business filing requirements with FinCEN.
It covers all of the common questions:
0:00 - Introduction
3:45 - What are the new requirement for LLC in 2024?
4:41 - Who needs to file a BOI report? What is a Beneficial Ownership Investment (BOI) report?
Do all LLCs need to file BOI?
6:26 - Who is exempt from BOI filing?
8:06 - When do you file the BOI report?
9:07 - What happens if you don't file a BOI report?
9:45 - Who is included in the beneficial owner?
11:08 - What is a FinCEN ID number?
BOI small business entity compliance guide (shown in the video): [ Ссылка ]
FREE WORKSHOP: 5 Biggest Mistakes Business Owners Make With Their Accounting & Saving Taxes [ Ссылка ]
Other videos to check out:
Sole Proprietor vs. LLC vs. S-corp: What are the TAX BENEFITS & DIFFERENCES: [ Ссылка ]
HOW DO I PAY MYSELF IN MY BUSINESS [PART 1]: [ Ссылка ]
4 TAX SAVINGS STRATEGIES FOR OWNER PAYhttps://www.youtube.com/redirect?q=ht...
[HOW DO I PAY MYSELF IN MY BUSINESS PART 2] [ Ссылка ]
HOW TO OVERCOME PROCRASTINATION [ Ссылка ]
THE EASIEST AND CHEAPEST WAY TO TRACK YOUR ACCOUNTING RECORDS (SOFTWARE VS. APPS VS. BOOKKEEPERS): [ Ссылка ]
S-CORPORATION CALCULATOR — When & How the S-corp Saves You Taxes! [ Ссылка ]
File Your Taxes for FREE online with this DIY Tax Video Series:
- Choosing free way to file for federal and state: [ Ссылка ]
- STEP-BY-STEP TUTORIAL: Filing your taxes for free in any situation [ Ссылка ]
- STEP-BY-STEP TUTORIAL: How To File a 1099 Online For FREE [ Ссылка ] -
- STEP-BY-STEP TUTORIAL: Home Office Tax Write-off - Worksheet for tracking [ Ссылка ]
