BOI Compliance / CTA Compliance

Why you should act immediately

and not waste your time!

Avoid civil penalties ($500 per day)

Avoid criminal penalties (up to $10,000 and/ or 2 Years of Prison)

Secure peace of mind

Save your time and focus on your priorties

Do not underestimate the problem!

You might think filing the CTA is easy and can be done in house. You could definitely choose that route but consider the following:

There are multiple caveats requiring astute professional judgment such as definition of a person with substantial control, triggering events launching re-filing requirements within a short 30-day window.

Don´t take away your time and efforts from operations and strategy. Delegate the CTA filing to us to ensure accuracy, efficiency, and avoid high economic cost of noncompliance.

Intended to counter money laundering, tax fraud, terrorism financing and other illegal acts
The Act mandates the reporting of Beneficial Ownership Information (BOI)
Beneficial owners = individuals who exercise substantial control over a reporting company or own or control at least 25% of the ownership interests of the company + individuals who have the authority to manage and direct the entity’s affairs. The application of this broad definition of "substantial control" requires professional judgment.
Reporting companies are; 1. domestic (corporations, limited liability companies and any other entities created by the filing of a document with a secretary of state or any similar office in the United States) 2. foreign (entities formed under the law of a foreign country that have registered to do business in the U.S.).
Exceptions: publicly traded companies, certain regulated entities and large operating companies (more than 20 full-time employees and $5 million in gross receipts or sales).

What is the Corporate Transparency Act?

About us

Business Partners

2020

Year of establishment

Established financial & tax infrastructure for The Epilepsy Institute of New Jersey

Averted collapse of family- owned NYC 4. location restaurant by procuring 20M+ in funding.

Helped Vorwerk build their subsidiary and presence in the USA until it reached 5M in revenue and developed its own team.

What others have said

"Vasyl did a stellar job researching pertinent tax laws and regulations for federal and state purposes and applied them to the tax issues at hand. Federal and state depreciation rules and S corporation shareholder basis issues can be tricky, (...) but Vasyl investigated all the facts and circumstances efficiently and made well-thought-out conclusions regarding the application of regulations. (...) I recommend Vasyl to any company seeking tax resolution (...)."

Oksana S.

Sorochan Creative Studios

"(...) Vasyl is very knowledgeable about the tax law and regulations as well as the procedure to optimize your outcome with the tax authorities (....) would highly recommend this firm to anybody in need of dedicated tax resolution professionals who would fight to defend you before the tax authorities and protect your assets and hard-earned income."

Ed T.

CFO of LTC Health Solutions

"Mike Portis, Director at Ernst & Young, a long-standing lawyer and sales tax veteran, was very impressed by Vasyl's research skills, particularly in the realm of sales tax nexus and recoveries."

Jeshua Wright

Fencing Coach

Volodymyr L.

International Tax Senior Manager at Ernst & Young

" Vasyl (...) is very knowledgeable, professional, and truly cares about his clients success."

Attorney and CPA Power Team!

Vasyl Khokhla is a tax resolution expert and an entrepreneurial CPA consultant with a global mindset. He holds a bachelor’s degree in Finance and a master’s degree in Accounting. He has close to 11 years of experience working for various consulting firms such as Ernst & Young, Rödl & Partner, and GreerWalker as well as family-owned private companies in healthcare, real estate, investment, technologie, management services, and hospitality.

Mariia Khorun is a Duke-educated NY-licensed tax and business attorney since December 2017. She got her foray into taxation of investments such as small business stock at a small business investment company (SBIC) in NYC. She focuses on tax optimization strategies and grounds tax positions in solid research. She has admission to the US Tax Court and zeal to fight for her clients.

Tax and Business Attorney

Tax Resolution Expert