Required Reporting and Scams to be Aware Of

Many companies are required to report information to Financial Crimes Enforcement Network (FinCEN) about the individuals who ultimately own or control them. FinCEN began accepting reports on January 1, 2024. 

Learn more about the reporting requirements here:

Alert: FinCEN has been notified of recent fraudulent attempts to solicit information from individuals and entities who may be subject to reporting requirements under the Corporate Transparency Act.    The fraudulent correspondence may be titled “Important Compliance Notice” and asks the recipient to click on a URL or to scan a QR code. Those e-mails or letters are fraudulent. FinCEN does not send unsolicited requests. Please do not respond to these fraudulent messages, or click on any links or scan any QR codes within them.

The reporting will not be part of your normal tax return preparation based on the FinCEN requirements that the reporting has to be done online on their system. As a result, we will provide with your business tax return package a leaflet that instructs you on how to do the required reporting and giving you the option to engage us to report for you.


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We are looking forward to help you with your business or personal accounting needs. Contact Us with any questions you may have.