Texas RoundUP: Interview with Ryan Otto, Owner of Accent Financial Services

The Texas Insider

Discussion on Small Business Support and the new BOI Reporting for small businesses.

In this episode, we sit down with Ryan Otto, President of Accent Financial Services in Allen, Texas. With over two decades of experience spanning small business ownership and leadership in a Fortune 500 company, Ryan shares his journey of taking over a legacy business that started on a farm and transforming it into a thriving resource for entrepreneurs and individuals.

Ryan dives into his passion for helping small businesses launch, grow, and succeed, fueled by his background in finance and his entrepreneurial family roots. He also discusses the innovative financial tools he’s developed and his commitment to ongoing education for himself and his team.

In this episode, we delve into the federal requirements of Beneficial Ownership Information (BOI) reporting under the Corporate Transparency Act (CTA). Designed to enhance transparency and combat financial crimes, this mandate requires businesses to disclose critical ownership details.

We’ll break down what BOI reporting entails, why it matters, and the significant penalties—up to $591 per day—for missing the filing deadline. Whether you’re a small business owner or part of a larger corporation, this is essential information to ensure compliance and avoid costly fines. Don’t miss this informative discussion on how to navigate BOI reporting and safeguard your business.

Tune in to hear Ryan’s insights on navigating the financial landscape, fostering business success, and building a legacy of support for the Allen and North Dallas communities.