Weidner Accounting LLC

Weidner Accounting LLC William J. Weidner CPA owner/operator
Specializing in small business and individual tax and accounting

IMPORTANT UPDATE FOR SMALL BUSINESSES EFFECTIVE 12/23/24Late on December 23, 2024 the 5th Circuit Court of Appeals remov...
12/26/2024

IMPORTANT UPDATE FOR SMALL BUSINESSES EFFECTIVE 12/23/24

Late on December 23, 2024 the 5th Circuit Court of Appeals removed the injunction against filing the Beneficial Ownership Information (BOI) report. What does this mean? It means that once again the reporting requirements are back on, immediately! FinCen did delay the reporting due date until January 13, 2025 for the estimated 25 million businesses expected to file. The Federal Court of Appeals once again says that BOI reports must be filed with a new due date of January 13, 2025 for both existing companies at 12/31/2024 and new companies established on or after 9/4/2024. This means that if you have not yet completed your BOI submission, you are now required to do so.

Failure to submit this by then can result in $500.00 per day penalties.

To access the forms go to this website click the link provided below:
1. Go to File
2. File BOIR
3. File online BOIR

Starting January 1, 2024, U.S. business owners must submit Beneficial Ownership Information Reports (BOIR) to FinCEN. File your BOI report easily with BOIR.COM

IMPORTANT NEWS FOR SMALL BUSINESSES - Beneficial Ownership Interest Fincen Reports No Longer Required To Be Filed Nation...
12/04/2024

IMPORTANT NEWS FOR SMALL BUSINESSES - Beneficial Ownership Interest Fincen Reports No Longer Required To Be Filed Nationwide Per Texas Court. Ruling Was Announced On December 3, 2024.

The Corporate Transparency Act and its implementing regulations, which require US business entities to report stakeholder information to the Treasury Department, were preliminarily blocked nationwide by a Texas federal court on Tuesday.

Important Information for those who have an LLC:In 2021, Congress enacted the bipartisan Corporate Transparency Act to c...
07/08/2024

Important Information for those who have an LLC:

In 2021, Congress enacted the bipartisan Corporate Transparency Act to curb illicit finance. This law requires many companies doing business in the United States to report information about who ultimately owns or controls them. Starting in 2024, companies may now need to report information about its beneficial owners if it is a corporation, a limited liability company (LLC), or was otherwise created in the United States by filing a document with a secretary of state or any similar office under the law of a state or Indian tribe.

It is important that you file this Beneficial Ownership Information (BOI) report before the end of 2024 if required. Failure to submit this by then can result in $500.00 per day penalties starting January 1st, 2025.

Registration can be accessed on this website:

Many companies are required to report information to FinCEN about the individuals who ultimately own or control them. FinCEN began accepting reports on January 1, 2024. Learn more about reporting deadlines.

Address

67 Abraham Avenue
Wilkes-Barre, PA
18706

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