We want to inform you of an important update regarding the Corporate Transparency Act (CTA) and Beneficial Ownership Information (BOI) reporting requirements.
On December 23, 2024, the U.S. Court of Appeals lifted a temporary injunction, reinstating the BOI filing requirement. Reporting companies that were subject to the original January 1, 2025, deadline now have until January 13, 2025, to file their BOI reports with the Financial Crimes Enforcement Network (FinCEN).
We understand that this change may present challenges for many businesses. While the American Institute of Certified Public Accountants (AICPA) is actively advocating for a longer extension, companies should prepare now to meet the filing deadline.
What This Means for LGA Clients
- If you’ve engaged LGA for your BOI filings, rest assured—we’ll be in touch soon with the next steps.
- Our team is closely tracking advocacy efforts and any developments regarding the deadline. We’ll keep you updated with the latest information.
Need Assistance?
If you have questions or need support, please contact your LGA advisor or email us at boi@lga.cpa.
