Does Your CPA Firm Need to File a BOI Report

Most CPA firms will be required to file a Beneficial Ownership Information report with FinCEN, but not all.

Photo by Guido Klinge on Unsplash

The Beneficial Ownership Information reporting system is now in effect for this year. This system requires all entities that are created via some type of registration with the state to file a report on FinCen.

Almost all CPA firms will be required to file with the state to become effective. This will require your firm to file the BOI report unless you meet an exception.