BOIR Compliance Just Got Easier: Introducing Bulk Data Import for Faster Reporting

reading time: 11 minute(s)

Managing BOI reporting for multiple businesses can quickly become overwhelming—but it doesn’t have to be. At TaxBandits, we’re always working to enhance BOI reporting with new features that simplify compliance for businesses and tax professionals. Our latest addition, Bulk Upload, is designed to make managing Beneficial Ownership Information (BOI) reports faster and more efficient—especially for CPAs, law firms, and other service providers handling multiple clients.

This update comes at a critical time. Recently, FinCEN reinstated the BOI reporting requirement, setting a new compliance deadline of March 21, 2025. With this deadline fast approaching, businesses and tax professionals need a solution that makes bulk filing easier and minimizes errors. That’s where TaxBandits’ Bulk Upload feature comes in! 

By allowing you to import BOI data quickly and accurately, this enhancement ensures you stay ahead of compliance requirements without the manual hassle.

Bulk Upload: A Game-Changer for BOI Reporting

Designed specifically for CPAs and professionals managing multiple clients, this exclusive feature allows you to import BOI data for multiple businesses in one go—eliminating the need for repetitive manual entry. 

This streamlined process not only saves you a significant amount of time but also ensures that your data is entered accurately and efficiently. It reduces the risk of errors that can occur with manual data entry and helps ensure that your filings are compliant and error-free.

Here are some of the common advantages that TaxBandits bulk upload brings you:

• Save Time on High-Volume Filings
  Instead of manually entering company details one by one, upload multiple reports at once—streamlining the entire process and cutting down hours of work.
• Simplify Future Filings with the Address Book
  Once uploaded, company information is securely stored in your Address Book, making it easy to retrieve and reuse for future BOI filings. No need to re-enter details for recurring reports.
• Improve Collaboration Without Extra Emails
  Once the company information is uploaded, securely send bulk invites to beneficial owners and company applicants, allowing them to complete their required information directly—eliminating unnecessary back-and-forth communication.
• Enhance Security and Data Protection
  Your BOI data is uploaded and stored in a secure system, ensuring sensitive company and owner information remains protected.

How Does It Work?

1. Download Our Template: Log in to your TaxBandits account, navigate to ‘BOI Reporting’ dashboard, start a new BOI report and download our standard CSV template under the ‘Bulk Upload’ section.
2. Fill in the Required Information: Enter the necessary details for all reporting companies in the CSV file.
3. Upload the Template: Once the data is entered, upload the CSV file to TaxBandits. The file must be in CSV format and not exceed 15 MB in size to avoid upload issues.
4. Review Draft BOI Reports: Our system generates draft BOI reports from the imported data. Preview the data, correct any errors, and complete the missing information.
5. Bulk Invite: Send bulk invites to beneficial owners and company applicants via a secure link to complete their information and upload necessary identification documents. 

Once the reports are complete, you can transmit them to FinCEN.

Meet Your BOIR Deadline Efficiently with TaxBandits!

With the Bulk Upload feature, TaxBandits makes it easier than ever to file BOI reports for multiple companies at once—saving you time while ensuring accuracy and compliance.

Beyond bulk upload, TaxBandits offers a suite of powerful features designed to simplify every step of the BOI reporting process. Our platform is built with secure workflows, intuitive tools, and industry-standard protections to keep your data safe. Stay ahead of the March 21, 2025, deadline and simplify BOI compliance with TaxBandits’ all-in-one reporting solution. Get started today!