IRAS Accounting

📢 Attention Businesses: BOI Filing Requirements are Here! 📢

All U.S.-based corporations, LLCs, and similar entities must now file their Beneficial Ownership Information (BOI) report to comply with the Corporate Transparency Act (CTA). The deadline is fast approaching, so make sure your business is prepared!

🔹 Who Needs to File?

Corporations, LLCs, and partnerships registered in the U.S. or foreign entities doing business in the U.S.
If your company was formed before 2024, you have until the end of 2024
If the company was formed in 2024, you have 90 days
After 2024, you have 30 days

🔹 Required Documents:

Legal entity name and address
Ownership and control information (Names, dates of birth, addresses, and copies of IDs for all beneficial owners)
FinCEN Identifier (FIN) if applicable – highly recommended for efficiency!

🔹 Estimated Time: Approximately 10-20 minutes if you have all documents ready.

🔹 Filing Recommendations:

I recommend to use the PDF submission method for secure and efficient processing.
I would also recommend to apply for a FinCEN ID to streamline future filings.
👉 File your BOI here: FinCEN BOI Filing Portal

Ensure your business is compliant—act now to avoid penalties!

EOY 2023 TAX TIPS:
START THE BUSINESS

Если вы хотите посчитать, сколько налогов вы будете должны IRS в этом году, используйте этот замечательный калькулятор, предоставленный IRS. Если liabilities очень высокие, назначайте скорее встречу и будем думать, что делать с вашими деньгами 🤓

Tax Withholding | Internal Revenue Service Find tax withholding information for employees, employers and foreign persons. The withholding calculator can help you figure the right amount of withholdings.

‼️ A lot of businesses lately use foreign contractors for IT services, advertising, answering services etc.

ℹ️To protect yourself from IRS, have form W9BEN on file for each foreign contractor.

✅This form confirms that the contractor is a tax resident of another country, works in a foreign country, and they are not obligated to pay taxes in USA.