News

What's happening at the 2024 TaxPro365 Expo?

  • nLync Unveils Revolutionary Online Tax Software at TaxPro365 Expo

  • Tax EFIN Bosses to host first in-person meeting at The TaxPro365 Expo

  • CorpBOI Official Release at The TaxPro365 Expo

HAPPENING AT THE EXPO

nLync Unveils Revolutionary Online Tax Software at The TaxPro365 Expo

nLync, a pioneering force in financial technology, is thrilled to announce the launch of its groundbreaking online tax software, set to redefine the tax preparation industry. This momentous unveiling will take place at the prestigious TaxPro365 Expo, marking a new era in tax software solutions for professionals and consumers alike.

The innovative suite, featuring Tributa Max and AIM Max, is designed to cater to a wide range of tax preparation needs, including Puerto Rico Individual Tax for both Professional and Consumer segments, Corporate Tax, and a comprehensive selection of Federal forms: 990, 1040, 1041, 1065, 1120, and 1120s. In addition, it offers extensive support for US States, ensuring a broad and inclusive approach to tax preparation across the nation.

Key Features and Benefits:

  • Comprehensive Tax Solutions: From individual to corporate taxes, our software is equipped to handle all filing needs, including specialized support for Puerto Rico tax requirements.

  • User-Friendly Interface: Designed with the user in mind, our platform ensures a seamless, intuitive experience for both tax professionals and individual users.

  • Advanced Security: With state-of-the art encryption and security protocols, your sensitive financial data is kept secure at all times.

  • Expert Support: Our team of tax professionals is available to provide guidance and support, ensuring accuracy and compliance with the latest tax laws and regulations.

  • Integrated with CorpBOI: FinCEN Beneficial Ownership Information reporting and e-filing.

"We are excited to introduce Tributa Max and AIM Max at the TaxPro365 Expo" said Gerardo Cendena, CFO of nLync Puerto Rico. "Our mission has always been to simplify the tax preparation process while ensuring accuracy and compliance. With this launch, we are set to transform the tax industry, offering unprecedented ease and reliability to tax professionals and consumers across the United States and Puerto Rico."

The TaxPro365 Expo, is showcasing the latest innovations in tax technology and services, provides the perfect backdrop for the introduction of nLync's sophisticated tax software solution. Attendees are invited to experience firsthand the advanced features and capabilities of Tributa Max and AIM Max at the nLync booth.

For more information about nLync and its innovative tax software, please visit our booth.

About nLync:

nLync is at the forefront of financial technology, developing advanced solutions that simplify and enhance the tax preparation process for professionals and consumers. With a focus on innovation, security, and user experience, nLync is dedicated to providing the highest quality tax software and support services in the industry.

Tax EFIN Bosses Facebook group will host the group's first in-person gathering at The TaxPro365 Expo

The Tax EFIN Bosses Facebook group, hosting over 10,000 tax professionals, will host the group's first in-person gathering at The TaxPro365 Expo this May in Puerto Rico, promising an unparalleled opportunity for networking and professional growth.

CorpBOI Official Release at The TaxPro365 Expo

CorpBOI is our online software to electronically file and maintain the new requirement by US Corporate Transparency Act to disclose Beneficial Owners Information (BOI) to Financial Crimes Enforcement Network (FinCEN), the Act aims at corporations and limited liability companies for criminal gain – preventing money laundering, fraud, financing of terrorism, and so on.

Consequences of not filing or mis-filing Beneficial Ownership Information (BOI):

The penalties for violations or misreporting can be severe. Anyone willfully violating the reporting requirements could be liable for penalties of up to $500 for each day of continuing violation and criminal penalties include up to two years imprisonment and up to a $10,000 fine. Currently mistakes or omissions can be corrected within 90 days of the deadline for the original report. However, firms could face civil and criminal penalties for disregarding their BOI reporting obligations. 

File Beneficial Ownership Information:

Companies that are required to report their Beneficial Ownership Information to FinCEN, need to do so electronically

through a secure filing system available via the  CorpBOI website . Information on beneficial owners includes names,

dates of birth, addresses and identifying numbers such as a passport or driver’s license. The report can be filed by

anyone with authority from the reporting company such as an employee, owner or third-party service provider.

CorpBOI launched the BOI E-Filing website for reporting beneficial ownership information on January 1, 2024.

  • Any reporting company created or registered to do business before January 1, 2024, will have until January 1, 2025, to file its initial BOI report.

  • Any reporting company created or registered in 2024 will have 90 calendar days to file after receiving actual or public notice that its creation or registration is effective.

  • Companies created or registered prior to January 1, 2024, have until January 1, 2025, to file.

  • Any reporting company created or registered on or after January 1, 2025, will have 30 calendar days to file after receiving actual or public notice that its creation or registration is effective.

  • Any changes to the ownership or control will also require businesses to file with FinCEN within the associated timeframe.

There are two types of reporting companies that fall within the BOI rules set out by FinCEN:

  • Domestic reporting companies – these are corporations, limited liability companies, and any other entities created by the filing of a document with a secretary of state or any similar US office.

  • Foreign reporting companies – these are entities (including corporations and limited liability companies) formed under the law of a foreign country that have registered to do business in the US by the filing of a document with a secretary of state or any similar office.

Join our e-mail list for news and resources.