Beneficial Ownership Information (BOI) report

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.

Solution Properties

Keywords
Beneficial Ownership Information (BOI) reporting report boi beneficial ownership requirement corporate transparency act beneficial owners boi boi
Solution ID
240816180741807
Last Modified Date
07/31/2025 11:17:54 AM
Taxonomy
  • Employers and admins > Reports > Employer reports
  • Employers and admins > Taxes forms and compliance > State compliance > State laws and mandates
Collections
  • Admins
  • External
  • Support Agent
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