Summary
Admins can find resources for learning about Beneficial Ownership Information (BOI) reporting requirements. Currently, most companies do not need to file this, and Gusto no longer supports the filing.
Content
BOI requirement update
Gusto no longer supports this filing. According to FinCen, most companies do not need to follow BOI reporting rules.
As of March 2, 2025, the Treasury Department will not enforce the Corporate Transparency Act for U.S. businesses—only foreign entities face fines.