Do you own a LLC, S-Corp or C-Corp?

Important Update on the Corporate Transparency Act

We wanted to make you aware of a new law that went into effect on January 1, 2024.

It impacts virtually all small businesses organized as a LLC, S or C-Corp.

Here’s a quick breakdown:
• The Corporate Transparency Act requires most small businesses to file a Beneficial Ownership Information (BOI) report.
• It’s a legal filing that contains information about the business, as well as personal information about its beneficial owners and others that have significant decision-making capability for the business.
• Companies in existence prior to January 1, 2024 have a deadline of December 31, 2024 to file their initial BOI report.
• The reporting/filing process can be complex.
• There are significant financial penalties ($500 per day) for companies out of compliance.

We’ve partnered with a company that can help you with your BOI compliance.  They have a streamlined process to make filing BOI reports quick and painless.

Additionally, each filing is reviewed by a licensed attorney to make sure your business avoids any unnecessary fees.

We’ve secured special pricing because you are a client of Elevated Tax and Accounting!
Use code ELEVATEDTAX50 for 50% off (normally $499, now $250).  Hurry this offer expires 06/30/2024.
Go directly to the Filing Form here:  FinCEN Filing Form – Elevated Tax and Accounting

You can also check to see if your business is subject to these requirements by completing this Questionnaire
Don’t hesitate to let us know if you have any questions.

If you have questions, please call our office: 330-686-6666