Many small businesses are impacted by a new federal information reporting requirement related to ownership that became effective January 1, 2024. It’s estimated that over 30 million entities could be subject to beneficial ownership information (BOI) reporting under the Corporate Transparency Act (CTA), which has become a hot topic in the accounting profession. Learn more about this new requirement, how accounting firms can play a role by providing awareness and services, as well as risk mitigation best practices in this conversation with the AICPA.