Advocacy
BOI update: URGENT Action Needed
Issue 5
December 20, 2024
The House has yet to advance the current continuing resolution, which includes a one-year delay for FinCEN BOI reporting. Efforts are underway to remove non-funding measures, including the BOI delay, from the resolution.
This development requires our urgent action! KyCPA is urging our members to contact your U.S. House of Representative and advocate to preserve the one-year delay of FinCEN BOI reporting in the continuing resolution. This delay is critical to give CPAs and other professionals the time needed to understand and effectively serve their small business clients.
This measure has not passed the House, so the pressure must be focused on the House at this time. Click here to find your Representative in Congress. Please reach out to U.S. Senator Mitch McConnell and U.S. Senator Rand Paul as well. Not sure what to say? Please refer below for a KyCPA-approved script when reaching out to your Representatives in Congress and Senators.
Your outreach is essential to preserving this delay. We will continue to keep you informed as the situation evolves. Thank you for your prompt attention to this matter.
Click here for additional BOI updates.
Thank you,
Cash Cassady
Government Affairs Director
Kentucky Society of CPAs
SCRIPT:
Dear [Name],
I’m reaching out to urge your support in advancing the current continuing resolution, which includes a one-year delay for FinCEN BOI reporting. As a CPA in Kentucky, I am deeply concerned about the effort to strip non-funding measures, including the BOI delay, from this resolution.
This delay is critical to allow CPAs and other professionals the necessary time to fully understand the requirements and effectively support small business clients across our state. Removing this measure would place unnecessary burdens on professionals like me, as well as the businesses we serve.
Thank you for your time, attention, and commitment to representing the interests of CPAs and small business stakeholders in Kentucky. Your support is greatly appreciated.
Sincerely,
[Your Name]
[Your Contact Information]