516-294-0400
New York Certified Public Accountants and Advisors
KVLSM LLP is a full-service accounting firm on Long Island with a staff of professionals available to guide you through every facet of business and personal tax processing. We endeavor to continue to provide the highest level of professionalism and guidance across many industries, including fashion, entertainment, technology and retail business, with regards to both large- and small-sized corporations. Our services include, but are not limited to, financial statements, preparation and audit services, mergers and acquisitions, estate and trust consulting and tax preparation, IRS representation, cash flow and budget analysis, financial and retirement planning, CFO services and employee benefit plans.
IMPORTANT CORPORATE TRANSPARENCY ACT (BOI) REPORTING UPDATE: Texas Federal Court Blocks Enforcement of Reporting Requirements Under Corporate Transparency Act (BOI) Nationwide
On December 3rd, less than one month before the January 1st deadline for the filing of initial Beneficial Ownership Reports (“BOI Report”) required by the Corporate Transparency Act (“CTA”), a Federal Court in Texas issued a preliminary injunction applicable nationwide, halting enforcement of the reporting requirements under the law.
New FinCEN Reporting Obligation starting January 1, 2024
In 2021, Congress passed the Corporate Transparency Act (CTA). This act represents a significant change in the regulatory landscape for ALMOST ALL entities doing business in the United States. The primary goal of the CTA is to enhance corporate transparency and combat financial crimes such as money laundering and the financing of terrorism.
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