FAQs

For many small businesses, yes. Under the new regulations, it is generally required for a small business to file a BOI report with the Federal Crimes Enforcement Network (FinCEN) if they registered with a secretary of state or similar office to do business in the United States.

A form W-9 has crucial information for tax reporting and is completed by independent contractors or vendors that provide a service for businesses.

In short, it is to avoid tax bill surprises and leverage tax strategies to keep more of that hard-earned money in your pocket.