This content was submitted by Paychex and is not indicative of SCACPA’s position, interpretation, or opinion of BOI Reporting.

Paychex will offer a Beneficial Ownership Information (BOI) Reporting Service to help our customers comply with FinCEN reporting and filing requirements. As part of this service, participating customers will have their initial report filed and then updated accordingly.

Even if you or your firm already offer (or intend to offer) BOI services, you may not be able to reach every client. Paychex can complement your service outreach to help with compliance and reporting obligations required by this new regulation.

Paychex will be reaching out directly to select clients to provide more details about our BOI service. Paychex has produced additional BOI resources with more details, including a THRIVE podcast with host Gene Marks.