AICPA and State Societies Request Delay in BOI Reporting Requirements

The American Institute of CPAs (AICPA) and the State CPA Societies continue to voice their grave concerns with the rollout and continued push to implement BOI reporting requirements without regard for the impact to the small business community. The groups urged both FinCEN and the Treasury to suspend the program for at least one year in order to engage the stakeholder community supporting small businesses and work to better inform small businesses of their reporting requirement.