Streamlining BOI Reporting: TaxBandits’ Solution for Efficiency and Affordability

Discover how TaxBandits revolutionizes the BOI filing experience for CPAs and high-volume filers!

The Corporate Transparency Act, effective from the 2024 tax year, mandates that all small companies file their Beneficial Ownership Information (BOI) Report with the Financial Crime Enforcement Network (FinCEN). For many businesses, CPAs are the trusted professionals who prepare and submit these reports. However, CPAs face significant challenges, particularly in terms of pricing and security, when handling the BOI report filing process.

Enter TaxBandits with a groundbreaking solution: Volume-Based Pricing! This innovative approach is tailored to address the unique challenges faced by tax professionals and high-volume filers, ensuring a smoother and more affordable filing process.

Let’s delve deeper into how TaxBandits is revolutionizing the filing process by introducing this tailored solution, addressing the new challenges CPAs encounter, and providing valuable, scalable solutions!

Understanding the Challenges

For CPAs, managing BOI report filings for multiple clients can be daunting. Each filing not only requires meticulous attention to detail but also comes with associated costs that can quickly add up, especially when managing numerous filings for small businesses. So, as a CPA, it’s important to find a solution that is not just efficient but also cost-effective.

The Solution: TaxBandits Volume-Based Pricing

TaxBandits understands these pain points and offers a compelling solution through its Volume-Based Pricing Packages. CPAs can affordably meet BOI reporting requirements for their clients. Here are the different packages offered:

One-Time BOI Reporting:
- Ideal for businesses or CPAs handling occasional filings.
- This plan offers a straightforward, one-time fee for each BOI report filed.
- It ensures that even those with minimal filing needs can access secure and affordable services without any long-term commitment.
Annual BOI Reporting per Entity:
- Perfect for businesses or CPAs managing compliance requirements on a yearly basis.
- Clients can benefit from a reduced per-report cost by choosing an annual plan.
- This plan offers peace of mind, ensuring that each entity’s BOI report is handled annually at a predictable and lower rate compared to individual filings.
Lifetime BOI Reporting per Entity:
- Designed to offer the maximum convenience and savings.
- A one-time payment ensures that the entity’s BOI reporting needs are covered not just for a year, but for the lifetime of the business.
- This package eliminates the inconvenience of recurring filings and offers the best value for businesses and CPAs managing high volumes of BOI reports.

The Exclusive Bandito Package for Tax Pros and High-Volume Filers

TaxBandits presents the Exclusive Bandito Package, a premium offering tailored solely for tax professionals and high-volume filers. This comprehensive package provides exceptional value and convenience, ensuring seamless compliance with your BOI reporting requirements.

Advantages of the Bandito Package:

Unlimited filings for unlimited EINs per year – Clients can add as many reporting companies as they want and submit as many BOI reports as needed.
Lifetime Corrections- There are no limitations on the number of corrections that clients can file.
Lifetime Updates – Just like corrections, there are no limitations on the number of updates available.

To learn more about TaxBandits’ pricing for BOI filings, click here.

The Impact: More Filings, Lower Costs

With TaxBandits’ Volume-Based Pricing, the cost decreases as CPAs or businesses file more BOI reports. This pricing model is designed to accommodate larger purchases, offering significant cost savings at higher volumes. It directly addresses the challenge of high filing costs

Imagine this scenario: On average, a business might find itself needing to file BOI corrections or updates many times a year, which can add up in terms of cost. Now, picture a CPA with over 150 clients, each requiring BOI reporting management. By opting for TaxBandits’ Annual Package, they could spend just around $14,000 per year to fulfill all their clients’ BOI reporting needs, including corrections and updates.

Alternatively, if the CPA opts for the Bandito Package, they can handle their clients’ BOI reporting for $10,000 per year. This not only simplifies the process but also offers a clear financial advantage.

Simplify Your BOI filing with TaxBandits:

TaxBandits is changing the game in BOI filing by introducing volume-based pricing for BOI reports. By addressing the key issue of cost, TaxBandits provides CPAs and high-volume filers with a practical, scalable, and secure solution.

This approach not only streamlines the filing experience but also enables CPAs to serve more clients without compromising quality or security. Experience the simplicity of volume-based pricing with TaxBandits and upgrade your BOI report filing process today!