If you’re a campground owner juggling RV reservations, balancing profit margins, and daydreaming about your next big adventure, you probably don’t have time to untangle another government mandate. But here comes BOI—Beneficial Ownership Interest—to shake things up. Is it still a thing? Or is it already headed to the legislative graveyard? Let’s dive in, with a little humor to soften the blow of all that legalese.

A Reporting Requirement That’s Losing Steam

Picture this: the FinCEN director (think of them as the IRS’s techy cousin) declares that 42 million reports need to be filed by January 1st, 2025. As of mid-November, only six million were submitted. Yeah, those numbers don’t exactly scream “mission accomplished.” Add in a Texas judge throwing a wrench in the plan with a last-minute injunction, and it’s starting to look like BOI might be circling the drain.

The “Why Should I Care?” Question

Let’s be honest—keeping up with your campground’s financials is already a full-time job. So the idea of filing yet another report probably has you rolling your eyes harder than when a guest tries to haggle on peak-season rates. But here’s the catch: compliance (or the lack thereof) can impact your business. That’s why we’re here to keep you updated, so you don’t get blindsided.

Is BOI Actually Dead?

For now, it’s on life support. Thanks to a Texas judge’s ruling, you can kick back (at least for now) and enjoy your holiday lights display without stressing about filing a BOI report. But don’t get too comfortable. The legal tug-of-war is far from over, and updates could drop faster than your Wi-Fi when the campground is full.

What’s Next for Campground Owners?

As of today, you’re in the clear. But smart business owners know to stay ahead of the curve. That’s where Campground Accounting comes in. We’ll keep you posted on BOI developments while you focus on what you do best: building community, creating experiences, and living your RV dreams.

Want updates delivered to your inbox faster than an overzealous camper booking the best site? Head over to calculatedmoves.com/BOI for all the latest.

Final Thoughts: Burnout, Bureaucracy, and Big Ideas

Running a campground is a labor of love, and the last thing you need is more red tape. So let’s leave the number-crunching, report-filing, and government-watchdogging to the pros. After all, you’ve got bigger plans—like finally enjoying that sunset from your RV porch.

So, is BOI dead? Not yet. But if it is, we’ll make sure you’re the first to know. Keep dreaming big, and we’ll handle the nitty-gritty! 🌟

Connect with us!

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Donna Bordeaux, CPA with Campground Accounting

Creativity and CPAs don’t generally go together. Most people think of CPAs as nerdy accountants who can’t talk with people. Well, it’s time to break that stereotype. Lively, friendly, and knowledgeable can be a part of your relationship with your CPA, as demonstrated by Donna and Chad Bordeaux. They have over 50 years of combined experience as entrepreneurial CPAs. They’ve owned businesses and helped business owners exceed their wildest dreams. They have been able to help businesses earn many times more profit than the average business in the same industry and are passionate about helping industries that help families build great memories.