As a CPA, you’re no stranger to the pressure of deadlines—especially during tax season or when new regulatory requirements like the Corporate Transparency Act come into play. With the January 1, 2025, deadline fast approaching, now is the time to streamline your compliance process, meet those deadlines, and generate an additional $40,000 per 100 BOI reports filed. Let’s see how FincenFetch, the leading CPA BOI software, simplifies the Beneficial Ownership Information (BOI) filing process and turns it into a powerful revenue-generating tool for CPAs.
What is the Corporate Transparency Act and BOI Filing?
The Corporate Transparency Act mandates certain U.S. entities to report beneficial ownership information to FinCEN to stop money laundering and other illicit activities.
Non-compliance can lead to severe penalties, including fines and potential criminal charges. CPAs must not only ensure compliance but also protect their clients from the risks associated with missed FinCEN deadlines and incorrect filings. This is where FincenFetch, a specialized BOI filing software, becomes invaluable.
Common Challenges CPAs Face During Filing Season
- Time Constraints: CPAs often juggle multiple clients with tight deadlines, particularly during peak periods.
- Compliance Complexity: Navigating the new BOI reporting requirements can be intricate and time-consuming.
- Resource Allocation: Managing workload without overextending your team or resources is crucial for maintaining service quality.
How FincenFetch CPA BOI Software Helps Meet Urgent Deadlines
FincenFetch is designed specifically for CPAs to manage BOI filings more efficiently with powerful features and tools. Here’s how it works:
- Automated Data Collection: Simplifies gathering ownership data, reducing manual effort and minimizing errors.
- Accurate Reporting: Ensures all filings comply with the latest FinCEN requirements, reducing compliance risks.
- Scalability: Handles large volumes of filings, catering to the needs of both small and large CPA firms.
How CPAs Can Generate Extra Revenue with CPA BOI Software
FincenFetch empowers CPAs to offer BOI filing as a high-value service. Here’s how you can maximize this opportunity:
- Charge a Competitive Fee: CPAs can charge between $350 and $450 per BOI report, tailored to client needs and complexity.
- Efficient Workflow: Automation allows CPAs to process more reports in less time, significantly boosting profitability.
- Enhanced Client Value: Offering BOI filing services helps retain clients and attract new ones, enhancing your firm’s reputation.
Discover How to Turn BOI Reports into a $2,000/hr Revenue Stream!
Estimate Your Earnings with Our BOI Revenue Calculator
Wondering how much extra revenue you can generate with BOI filings? Use our Revenue Calculator to quickly estimate your potential earnings based on the number of reports you plan to file and your fee structure. This tool demonstrates the financial impact FincenFetch, a premier CPA BOI Software, can have on your practice.
See Your Revenue Grow!
Use Our BOI Report Calculator to Estimate Your Extra Income!
Free Resource for CPAs: Download FincenFetch’s BOI Filing eBook
For CPAs aiming to optimize their BOI filing services, our exclusive eBook for accountants is a valuable resource. This guide provides insights on:
- Billing Strategies: Learn how firms price initial BOI reports and ongoing compliance services.
- Automation Tips: Discover how to automate the 8 steps of BOI reports, cutting filing time from over 2 hours to just 5 minutes.
- Maximizing Revenue: Transform CTA compliance into a $2,000+ per hour revenue stream with FincenFetch CPA BOI Software.
- Compliance and Security: Offer FinCEN reporting without practicing law, eliminating filing liability and keeping filings secure.
The Cost of Non-Compliance with BOI Reporting
Failing to comply with BOI reporting requirements can have serious consequences:
- Financial Penalties: Fines can range from $591 to $10,000 per violation, significantly impacting your clients.
- Legal Risks: Willful non-compliance can lead to criminal charges.
FAQs About Filing and FincenFetch CPA BOI Software
How does FincenFetch simplify BOI filings for CPAs?
FincenFetch CPA BOI Software automates the collection, verification, and submission of beneficial ownership data, reducing the manual workload and ensuring accuracy.
What are the penalties for missing BOI filing deadlines?
Penalties include fines ranging from $500 to $10,000 per violation, with the potential for criminal charges in cases of deliberate non-compliance.
Can FincenFetch integrate with existing CPA software?
Yes, FincenFetch is compatible with most major accounting and compliance software, allowing for smooth integration into your existing workflows.
How much can CPAs charge for BOI filing services?
CPAs typically charge between $350 and $450 per BOI report, depending on the complexity and client needs.
What support does FincenFetch CPA BOI Software offer CPAs?
FincenFetch provides dedicated support, compliance updates, and training to help CPAs maximize the benefits of the software.
Start Filing BOI Reports with FincenFetch
FincenFetch offers a powerful solution for CPAs looking to streamline BOI filings, meet compliance deadlines, and generate additional revenue. By integrating FincenFetch into your practice, you can transform a compliance burden into a profitable service that ensures your clients remain compliant and protected. Ready to elevate your practice? Optimize Your Compliance Services Today!
Transform Your BOI Filings into Profit!
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