Mark, a seasoned CPA, operates a solo practice in New York State. Handling everything from client meetings to tax examinations, and even daily administrative tasks, Mark exemplifies the commitment and tenacity required to run a successful one-person firm. Despite the demanding tax seasons, he consistently delivers high-quality services to his clients.
Embracing BOI compliance
Motivated by a timely webinar, Mark saw the need for BOI (Beneficial Ownership Information) compliance on the horizon. Recognizing the future needs of his clients, he stated, "At some point down the road, your clients are going to be calling upon you for help,” he said. “And we can't wait until December when the hammer is about to fall.” This led to his strategic decision to offer BOI compliance services.
Confronted with the complexities of the FinCEN website's instructions, Mark realized the importance of dependable tax preparation software. He said, "I couldn't make heads or tails out of it, so there's no question that using tax preparation software...is a necessity.”
