News

UPDATE: Beneficial Ownership Information Report (BOIR)
In light of a recent federal court order, reporting companies are not currently required to file beneficial ownership information with FinCEN and are not subject to liability if they fail to do so while the order remains in force. However, reporting companies may continue to voluntarily submit beneficial ownership information reports. We recommend that small business file or commit to staying informed about any future developments regarding this regulation at .

REMINDER: Biennial Information Reports (Formerly Annual Reports)
Beginning last year, Kansas businesses are required to file information reports with the Kansas Secretary of State every two years instead of an annual report every year. The transition from annual filling to biennial is meant reduce paperwork for Kansas business owners. Neither the content of the report nor the month and day the report is due changed, only the year.

Businesses will file based on the year their formation documents were first filed with the Kansas Secretary of State. If your business was formed in an odd year, you will owe a report in 2025. Businesses formed in an even year should have reported in 2024 and will not owe a report until 2026. For more information or to find your business formation and filing date, please visit .

HELPFUL INFO: Be Ready for Your 2024 Tax Return
Tired of scrambling to find documents for your tax return? Ask your accountant for a PBC Request List. By gathering the necessary information and organizing your records in advance, you'll reduce stress for both you and your accountant, ensuring a smoother and faster tax filing process. Want to learn more about how to prepare for tax season? Follow us on social media (@ksbdc.wsu) and stay tuned for our upcoming video on YouTube !

February 2025
2/4    •  Sustainability 101: Practical Steps for Small Businesses
2/4    •  Hiring Your First Employee
2/11 •  Startup & Start Right
2/13 •  An Intro to Building Your Brand Story
2/18 •  How to do Business with City of Wichita
2/18 •  Schedule Your Social Media for the New Year
2/20 •  Social Media Analytics
2/20 •  Weighing your options: The Pros & Cons of Franchise Ownership
2/25 •  QuickBooks Online Training for Beginners
2/27 •  QuickBooks Online Training for Intermediate Users
2/27 •  The Power of Pinterest

March 2025
3/4    •  Building Your Brand Story: An In-Person Workshop
3/13  •  Manage Your Own Social Media
3/20  •  Woman-Owned Small Business Federal Contracting Program
3/20  •  Building Your Brand on Social Media
3/25  •  Startup and Start Right
3/27  •  Kansas State Sales Tax for Retailers (in-person)
3/27  •  State Sales Tax for Construction Contractors (in-person)

More information and links to register for upcoming training sessions can be found at www.wichita.edu/trainwithsbdc .

Questions about training or interested in collaborating in 2025? Contact Frances at trainwithsbdc@wichita.edu . For a printable version of our February training opportunities, please visit www.wichita.edu/trainwithsbdc/February2025 .