Beneficial Ownership Information Reporting
Bath Savings and Wolters Kluwer are partnering to help small businesses File Beneficial Ownership Information Reports
As a valued BOI Partner, we want to bring to your attention an important update from the Treasury Department regarding the Corporate Transparency Act.
On March 2, 2025, the Treasury Department announced it will not enforce any penalties or fines associated with the Beneficial Ownership Information (BOI) reporting rule under the existing regulatory deadlines, and further not enforce any penalties or fines against U.S. citizens or domestic reporting companies or their beneficial owners after the rule changes take effect. The Treasury also announced that it will further issue a proposed rulemaking that will narrow the scope of the rule to foreign reporting companies only.
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