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Updates: Beneficial Ownership Information (BOI) Reporting Requirements

Updates: Beneficial Ownership Information (BOI) Reporting Requirements

The Corporate Transparency Act (CTA) introduced significant changes to reporting requirements for millions of small businesses, with the aim of combating money laundering and enhancing transparency. However, ongoing legal challenges have created uncertainty regarding compliance deadlines and enforcement. AAFCPAs is following developments closely and will share updates as appropriate. The following aims to provide the […]