I have a question, I opened my business long before 2024 and I am not sure if I filled for BOI, is there anyway to check if I filled it or not? Thank you very much for your help
@RobinLavur7 сағат бұрын
Thank you, very helpful
@brittanybraxton508010 сағат бұрын
Thank you so much! This is my first year in my business, and I had no idea what to do!!! I appreciate you so much!!!
@clementinod794612 сағат бұрын
Who is the beneficial owner in case the LLC is under your Holding LLC and you're the only member? And how to report both?
@elva39719 сағат бұрын
How much did just works pay you to make this video 😂😂
@ClaraCFO14 сағат бұрын
They didn’t. Sponsorships must be disclosed.
@elva39714 сағат бұрын
@ likely story
@edwardgarcia380020 сағат бұрын
Thank you so much for making this video. It was extremely helpful and saved me some money.
@cassiebrunson1590Күн бұрын
Great video, thank you so much! I have a business started before Jan 1 2024, Am I supposed to file out the Beneficial Owner Information too? Step 34?
@SONIABantjesКүн бұрын
Clara I need to get Quickbooks for 5 of our company
@SONIABantjesКүн бұрын
Plus
@AaronWilletteDesignКүн бұрын
If I am operating as a DBA - In the 'Reporting Company' tab, do I enter my full name in step 5 and then my trade name in step 6? Thank you for your content!
@xcaliber_gamingКүн бұрын
where is the correct website to file, if we do want to file ? (put in description). ty
@blancaalvarez7637Күн бұрын
great easy to follow video! thank you.
@mah1098s2 күн бұрын
“FINCEN is what matters”. No. The courts matter. FINCEN submits authority to the court.
@TabletAccount-fo8zm2 күн бұрын
They should go after the bitcoin and cash app people and leave llc's alone- they already have banking info, and our taxes. Drug dealers and other criminals are using not traceable ways to move money. I can see looking into cash businesses.
@SundaeFallen2 күн бұрын
I am confused if I even have to file as I am not a corporation does this pertain to me?
@tanyaboch79602 күн бұрын
Thank you Clara !
@andraconstantin94592 күн бұрын
tough to fight when they are targetting small businesses
@brendasimon53562 күн бұрын
An attorney told me today to file it
@jujubees7112 күн бұрын
Everyone takes it so personally. Saying to shut it down. If you're all on the up and up, then you got nothing to worry about. It's not you they're after. When crimes are committed the public yells that law enforcement didn't do more. Then when they try to do more to prevent crimes, the public yells, "they're taking my privacy away." Basically, the public wants law enforcement to find criminals magically. At no cost to them. The public is the worst boss and partner.
@maddog10402 күн бұрын
Fractional CFO’s should have actual experience as a CFO.
@dbiedler2 күн бұрын
Thank you.
@scottlandb65792 күн бұрын
I hate to say it, either im falling asleep cause the boi bores me, or you could do cpa asmr really well. ha ha ha
@Ztheprofm2 күн бұрын
Thank you so much, this was so helpful! 🙏
@VitoMule2 күн бұрын
Great example for this specific situation. Could you also do a post: showing how a very profitable and cash positive business, can give the Owner a Y/E Bonus to both enhance their annual income tax withholdings (in lieu of OR to enhance Qtrly Estimated Taxes payments), as well as max out their Owner's Simple IRA total year deferral. Maybe something that one's CPA should help with, depending on one's own personal tax situation.
@ClaraCFO2 күн бұрын
Yes, definitely consult your tax professional because they should know your specifics!
@RobertWoroniak2 күн бұрын
Thanks for this explanation. If someone is paying quarterly taxes, is it ok to block paying the federal taxes? Does that block both the 'employee' contribution and the company contribution?
@ClaraCFOКүн бұрын
You can only block the federal and state income tax withholdings. You can’t block Medicare and SS and state required employment taxes. That’s the whole point of making sure you run a payroll is to make sure these taxes are paid.
@ClaraCFOКүн бұрын
And yes, if you’ve been making enough estimated taxes, you can block or adjust how much federal and state income taxes you want to withhold.
@DickBerry2 күн бұрын
Is there a fee to file the BOIR?
@ClaraCFO2 күн бұрын
no - not if you do it yourself on their website
@arwenverdeflor-yu5uj3 күн бұрын
@travelwithjustin3 күн бұрын
Can’t wait until the DOGE shuts all this down for good.
@the1da1nc3 күн бұрын
Very informative (and timely) video. Thank you! One question. If the owner funds the tax payment, and puts the withholding back in, what account type would that be, and what would you call that account in Quickbooks?
@ClaraCFO3 күн бұрын
The cash you put back into the business would be a debit to the bank account you deposit it into and then a credit to the owners draw account. So it would decrease your owners draw out of the business.
@bigdaddysstorytime3 күн бұрын
Thank you for the great help and guidance in this process! Happy Holidays!😃
@alisonlewis56263 күн бұрын
So I don't understand #16 because I did my EIN in 2019. Didn't click it and filled it all out already. So do I need to go back and correct it? Or Leave it. I didn't apply ... someone else did so I got that wrong. Ugh.
@TheJazzyRedTalkShow3 күн бұрын
Thanks I Just filed For 3 Business this morning! I seen it on a news channel on my feed! It’s better to be safe than late!
@badass1g3 күн бұрын
How does that song go? “GOD BLESS TEXAS!”
@noumantariq29063 күн бұрын
So i am a new into accounting and doing some jobs on upwork. If i get a customer that wants to have a qbo setup for his business do i put him/her for whats your role or me on as external bookkeeper?
@davidjasse83863 күн бұрын
Beautiful shot, just put the wire under the blouse
@JR-gj3fx4 күн бұрын
BOI is just Big Brother crap.
@KingdomCre8tiv4 күн бұрын
I feel bad for people who have already paid hundreds and even thousands of dollars for someone to file it for them!!!
@jaymeez4 күн бұрын
Paying 40% in taxes and saying it’s a good thing is horrible! If it can be reduced strategically then it should be done!
@ezswan4 күн бұрын
It clearly states on their official website that you do not have to file while all of these court cases are going on. Also, the filing papers aren't that complicated at all. just read the directions. If any companies are laundering money, it would be big corporations WHO ARE EXEMPT from this. I am tired of the USA governments control.
@franklotito4684 күн бұрын
Too bad for all those suckers who complied at the onset. Now go put your covid mask on you sheep.
@dwildclay4 күн бұрын
This video is amazing. Thank you❤
@aixelsyddan2574 күн бұрын
This looks like another government wants to know everything about you much like the personal garden report the government wants to impose.
@pm51874 күн бұрын
Just more bullshit paperwork to fill out that does not apply to my tiny company. I'm not against some paperwork but it is out of hand. I just filled out 4 different forms for my kid to go to a high school conference. Most of the forms asked the same questions.
@LivingTheDream3694 күн бұрын
Unconstitutional
@lastspring5 күн бұрын
Given the government's poor security record, it would only be a matter of time before it was breached with foreign agents swarming profitable businesses with fraud and exploits.
@maryjanesmith88675 күн бұрын
This was excellent, I just started thinking we may need to split company. We shall see… please continue sharing your journey, this was valuable.