In This Section

Beneficial Ownership Information (BOI) Reporting

As the landscape of financial regulations continues to evolve, the Indiana CPA Society is your advocate amid upcoming changes. The Beneficial Ownership Information (BOI) reporting requirements, set to take effect on January 1, 2024, under the Corporate Transparency Act, raise important considerations for businesses across the United States. This legislation mandates the reporting of beneficial owners and company applicants, a process that can significantly impact CPAs and the clients they serve.

The Indiana CPA Society is committed to helping CPA firms and the small businesses that rely on their expertise. Recognizing potential challenges, we seek a fair and smooth transition. We champion a reasonable implementation approach, benefiting both CPAs and clients.

INCPAS takes the lead in advocating for you. We endorse legislative efforts like S. 2623, the Protecting Small Business Information Act of 2023, that would extend the reporting due date from 1/1/24 to 1/1/25 to allow time for members and affected businesses time to understand the requirements and comply. This approach grants CPAs the time needed to prepare, educate clients, and minimize disruptions.

Recent Advocacy Efforts on Your Behalf

Recorded Resource

In case you missed the live In the Know session, we recorded this event for you to watch. While watching the recording now does not count for CPE, there is a lot of great information to take away.

Additional Resources & Related CPE


Your INCPAS Connection to Advocacy

Sherrill Rude, CAE 
(317) 726-5016
Sherrill Rude, CAE