Category: Our blog

BOI Filing Requirements

16 Nov, 2024

In 2024, FinCEN introduced new Beneficial Ownership Information (BOI) filing requirements to enhance transparency and prevent financial crime. Most small to medium-sized businesses must comply, including LLCs owned by trusts holding real estate. The filing requires details like full legal names, addresses, and ID numbers of beneficial owners.

For entities formed after January 1, 2024, BOI must be reported within 30 days of registration. Failing to comply could lead to penalties of up to $500 per day.

At Avrio Solutions, we simplify the BOI filing process—reach out if you’d like our help to stay compliant.

The Construction Accountant: How to Grow with your Cash Flow

13 Sep, 2022

Grow your Construction Company within your Cash Flow Means (Under Construction)  Maybe your situation isn’t as easy as the one described in Ideal Construction Cash Flow System for Growth. You may be a sub-contractor on a small part of a project or part of a larger project with standard contract language. You, as a small […]

Critical Thinking and Change

06 Aug, 2019

If we change the way we think, we may have a better chance of changing. https://hbr.org/2019/05/3-simple-habits-to-improve-your-critical-thinking?utm_source=linkedin&utm_medium=social&utm_campaign=hbr

Avoid Stink Bombs in Job Costing

21 Jun, 2019

“This thing is like an onion. The more layers you peel, the more it stinks.” Seinfeld’s George Costanza may have been talking silly conspiracies, but he might as well have been talking about job costing too. Because nearly every construction company knows that the more layers of cost you have factored into your projects, the […]

The Big Tax Questions for April 15th

18 Mar, 2019

After months of seeing how the new tax rates are affecting paychecks, most people want to know how it’s all going to shake out come April 15th. Here are two questions our clients have been asking most frequently. How is the $10,000 deduction limit on my state income and property taxes going to affect my […]