Accavallo & Company, LLC

CORPORATE TRANSPARENCY ACT

BOI Reporting Service

Our Service

Millions of companies operating in the US are required to report beneficial ownership information (BOI). Your time to file a Beneficial Ownership Information Report (BOIR) before the deadline may be limited. Stay compliant with the new federal reporting requirement with our assistance. We will file the necessary information about the individuals who own or control your business with the Financial Crimes Enforcement Network (FinCEN). Missing the deadline could result in significant criminal and civil penalties. We'll ensure your filing meets all federal requirements, helping you avoid liability and any associated fees. Gain peace of mind with our accurate, compliant filing service, guaranteeing that all required information about beneficial owners is included.

Resources

Understanding BOI Filing Requirements: A Guide for Business Owners under the Corporate Transparency Act

Financial reporting for small businesses is changing with the new Beneficial Ownership Information (BOI) filing requirement starting January 1, 2024. Enacted under the Corporate Transparency Act and finalized by FinCEN, this regulation aims to create a comprehensive beneficial ownership registry for U.S. legal entities. Understanding these key aspects is crucial for compliance and a smooth transition.

Growing Your Business with a New Partner & Key Tax Considerations

Bringing a new partner into your business is a significant step, and it comes with various financial and legal implications. To illustrate, let’s consider a scenario: you and your partners decide to admit a new partner who will acquire a one-third interest in the partnership through a cash contribution. Assume that your basis in your partnership interests is sufficient so that the decrease in your portions of the partnership’s liabilities due to the new partner’s entry won’t reduce your basis to zero.

Who Can Benefit?

Reach out to us!

Accavallo & Company, LLC offers full-service support, making it easy to stay compliant with these requirements. For more information, contact us at 203-925-9600 or email [email protected].

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Sherri Fisher is a Tax Manager at Accavallo & Company, LLC.  Sherri has longstanding expertise in Trust and Estate Taxation, Eldercare, and Estate planning. Sherri appreciates the relationships she has built with estate planning attorneys and advisors, to provide a team approach to assisting her clients. Sherri also has seasoned experience in business and individual taxation and is partial to assisting start-ups in developing overall accounting and operating plans.

Prior to joining Accavallo & Company, LLC, Sherri was a manager in a large firm, servicing high net worth trust clients, business, and personal clients. She was also a Partner in a large bookkeeping firm, which specialized in cloud accounting systems for regional and national companies. Sherri led a team in assisting clients to organize their accounting systems.  She is a graduate of Florida Atlantic University with a B.S. degree in Accounting.    

Sherri’s experience includes working with companies and organizations in a variety of industries including:

  • Investment Trusts

  • DAPT and Family Investment Partnerships

  • Estate and Probate Administration

  • E-Commerce

  • Manufacturing

  • Construction

  • Real Estate Investment

  • Marketing and Service-based industries

In addition to her professional accomplishments, Sherri is an Intuit Advanced Pro Advisor, Intuit Future Firm Advisory Board member, member of the Valley WIN Network, and proudly served as past Connecticut Public School liaison for the Yale Tommy Fund for Childhood Cancer. Sherri enjoys time with her family, Cleveland sports, thrifting and gardening.