Stay Compliant. Avoid Penalties. Protect Your Business.

As of 2024, the Corporate Transparency Act (CTA) mandates that certain U.S. companies disclose detailed Beneficial Ownership Information (BOI) to the Financial Crimes Enforcement Network (FinCEN). This federal requirement is designed to prevent illicit financial activity conducted through anonymous entities and increase transparency in business ownership structures across the United States.

At The Accounting Firm, we provide comprehensive BOI reporting services to help businesses understand, prepare, and file their BOI reports accurately and on time, eliminating the risk of costly penalties and legal consequences. Our BOI reporting services are CPA-led and built on a deep understanding of both the law and the filing mechanics, ensuring your business remains compliant with all FinCEN requirements.

With over 25 years of specialized experience serving small and medium-sized businesses throughout the Washington D.C. Metro Area, including Alexandria, Fairfax, Loudoun County, Washington DC, Richmond, and Maryland, our team understands the unique compliance challenges facing business owners today. We make BOI reporting services straightforward, stress-free, and reliable.

Why BOI Reporting Matters

Under the CTA, failure to comply with beneficial ownership information requirements can result in severe consequences that can significantly impact your business operations and personal liability:

• Civil penalties of up to $500 per day for ongoing violations, which can accumulate quickly and become financially devastating
• Criminal fines of up to $10,000 and up to two years imprisonment for willful noncompliance or false reporting

These penalties apply not only to the business entity but can also extend to individual owners and officers who are responsible for filing. The stakes are high, and the margin for error is slim. Our role is to help you file confidently, correctly, and without delay, protecting both your business and your personal interests.

Many business owners are unaware of their BOI reporting obligations or underestimate the complexity of gathering and submitting the required information. That’s where our professional BOI reporting services become invaluable—we handle the entire process from assessment through filing and ongoing compliance monitoring.

Our BOI Reporting Services Include:

Professional Report Preparation & Filing

We prepare and submit your BOI report on your behalf, ensuring that all information is complete, accurate, and formatted according to FinCEN requirements. Our team collects all necessary beneficial owner information, including personal identification details, addresses, and ownership percentages, then files your report through the secure FinCEN portal.

Benefit: Eliminate guesswork and reduce the risk of reporting errors or omissions that could lead to legal exposure. Our meticulous approach ensures your filing is done right the first time, saving you from costly corrections or penalties down the road.

Ongoing Compliance Monitoring & Updates

BOI reporting isn’t a one-time event. We track deadlines for updates or corrections when your company undergoes changes to its ownership structure, leadership, or other reportable information. Whether you add new beneficial owners, change business addresses, or update company officers, we ensure your BOI report remains current and compliant.

Benefit: Stay compliant year-round without missing key filing windows or required updates. Our proactive monitoring system alerts you to upcoming deadlines and required changes, so you never fall out of compliance.

Entity Assessment & Applicability Review

Not sure if your business qualifies for BOI reporting? We’ll conduct a thorough assessment of your entity type and exemption status and advise on whether BOI reporting applies to your specific situation. Certain entities—including publicly traded companies, banks, credit unions, and other regulated entities—may be exempt from BOI reporting requirements.

Benefit: Gain peace of mind knowing whether you’re required to file, and what specific steps you must take. We help you understand your obligations clearly and determine if any exemptions apply to your business structure.

CPA-Led Oversight

All filings are reviewed and overseen by licensed CPAs with extensive compliance experience, ensuring regulatory precision and providing you with an added layer of confidence and accountability. Our CPA-led approach means your BOI reporting services are handled by qualified professionals who understand both the technical requirements and the broader financial compliance landscape.

Benefit: Rely on expert guidance backed by deep compliance experience—not just a form-filling service. You receive professional-grade BOI reporting services with the same attention to detail and regulatory expertise we bring to all our accounting and tax services.

Why Choose The Accounting Firm for BOI Reporting Service?

• Trusted Compliance Partner: We understand the Corporate Transparency Act inside and out, and we guide you through each requirement with clarity and professionalism. Our team stays current on all regulatory updates and FinCEN guidance to ensure your filings meet the latest standards.
• Risk Mitigation: Avoid costly penalties and safeguard your company’s reputation with accurate, timely reporting. Our proven process minimizes compliance risk and protects your business from the serious consequences of non-compliance or filing errors.
• Hands-Free Process: We handle the details from start to finish—saving you time and reducing your administrative burden. From initial consultation through final filing and ongoing monitoring, our BOI reporting services take the complexity out of compliance so you can focus on running your business.

   

• Tailored Support: Whether you’re a startup, small business, or complex ownership structure, our service is personalized to your needs. We’ve helped restaurants, healthcare providers, construction companies, IT firms, non-profits, and daycare facilities navigate BOI reporting requirements successfully.
• 25+ Years of Experience: With over two decades serving businesses in the Washington D.C. Metro Area, we bring deep expertise in compliance, regulatory reporting, and small business accounting. Our BOI reporting services are backed by the same professionalism, responsiveness, and quality that have made us a trusted partner to hundreds of local businesses.

Get Started with Professional BOI Reporting Service Today

Let The Accounting Firm take the complexity out of BOI compliance. Avoid penalties. File with confidence. Stay focused on running your business while we handle your beneficial ownership information reporting requirements.

Contact us today to schedule your BOI reporting consultation