BOI – South Carolina Association of CPAs

March 26, 2025

FinCEN Issues Interim Final Rule Removing Requirement for U.S. Companies and U.S. Persons to Report BOI

In a March 21 release, FinCEN announced its issuance of an interim final rule (IFR) that removes the requirement for U.S. companies and U.S. persons to report beneficial ownership information ...

READ MORE

BOI

January 10, 2025

Understanding the Beneficial Ownership Information (BOI) Reporting

Author: Corpag This article originally appeared in the Fall 2024 issue of the South Carolina CPA Report Let’s talk about Beneficial Ownership Information (BOI) Reporting—a crucial step toward making the business ...

READ MORE

BOI, Featured

January 8, 2025

Fifth Circuit Circuit Court Vacates Motion to Stay

Beneficial Ownership Information reporting continues to take center stage in the Fifth Circuit Court. Last night, the Court vacated the motion to stay the injunction. According to a communication we ...

READ MORE

BOI, Featured, Legislative/Advocacy

January 8, 2025

Effect of Nationwide Injunction on BOI Reporting

Recent litigation has temporarily halted compliance with the Corporate Transparency Act (CTA), introducing new complexities for CPAs advising clients on Beneficial Ownership Information (BOI) reporting. On December 3, 2024, a ...

January 7, 2025

BOI Reporting Deadline Extension

Updated on October 31, 2024 We are pleased to share that the Treasury’s Financial Crimes Enforcement Network (FinCEN) has extended Beneficial Ownership Information (BOI) reporting deadlines for certain businesses in ...

READ MORE

BOI, Featured

January 7, 2025

From CNA: Coverage Considerations: Services Related to the Corporate Transparency Act

With the implementation of the Corporate Transparency Act (CTA), accounting firms may find themselves in a new area of service: helping clients comply with beneficial ownership reporting. As firms step ...

READ MORE

BOI, Featured

January 2, 2025

From Paychex: Help your clients with BOI reporting

This content was submitted by Paychex and is not indicative of SCACPA’s position, interpretation, or opinion of BOI Reporting. Paychex will offer a Beneficial Ownership Information (BOI) Reporting Service to ...

READ MORE

BOI, Featured, Legislative/Advocacy

December 20, 2024

SCACPA Adds Its Name to Letter Voicing BOI Concerns

In a letter addressed to the U.S. Department of the Treasury and the Financial Crimes Enforcement Network (FinCEN), SCACPA and its peers voiced serious concerns regarding enforcing the reporting requirements ...

READ MORE

BOI

December 20, 2024

Navigating the Tough Road Ahead: Client Impacts and Practice Changes from New Ownership Reporting Rules

By W. Verne McGough, Jr. JD, LLM, Merline & Meacham, PAThis article originally appeared in the Winter 2024 issue of the South Carolina CPA Report As 2024 ushers in a host ...

READ MORE

BOI

December 20, 2024

CNA: Coverage Considerations: Services Related to the Corporate Transparency Act

Accounting firms have raised questions regarding potential coverage for services delivered to clients related to the Corporate Transparency Act (“CTA”). This article from CNA is designed to provide some general guidance ...

READ MORE