03/03/2025
Great news! The Treasury department has announced that they are no longer going to enforce the BOI reporting requirement.
I was never a big fan of this. It seemed overly intrusive and burdensome, especially for small business, not to mention almost impossible to enforce by the government.
Here's to some commonsense, pro-business thinking!
Latest Updates on BOI ReportingBusinesses that fail to file their initial, updated, or corrected Beneficial Ownership Information (BOI) report by the upcoming March 21, 2025, deadline will not face fines, penalties, nor enforcement action, according to an announcement on Feb. 27 by the U.S. Treasury...