Guide to the Corporate Transparency Act for Accounting and Finance Professionals
Registration is Open
Overview:
Effective January 1, 2024, an estimated 32.6 million entities will be required to report information about their beneficial owners to FinCEN as part of the Corporate Transparency Act (CTA). In an effort to combat money laundering and other illegal activities, the law provides harsh penalties for the failure to report the required information. This reporting specifically targets small businesses and holding entities, creating opportunities for accountants, tax practitioners, and other business advisors to expand their service offerings. The reports require the listing of all "beneficial owners," and they are imprecisely defined, possibly requiring an exercise of judgement. Therefore, proper education of professionals and business owners is paramount for accurate reporting. The course includes an overview of the CTA and a detailed discussion of what information needs to be reported to FinCEN.
Speaker - Nicola, Jr. JD, CPA, CVA, Joseph P.
Objectives:
Understand the goals of the beneficial ownership reporting Identify what entities need to file the reports and what information needs to be providedPresenters:
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Joseph Nicola Jr.
Joseph P. Nicola, Jr. JD, CPA, CVA Joe Nicola is a Tax Partner with more than thirty-five years of experience in public accounting. Joe has experience in many diverse areas of taxation, including the taxation of and planning for individuals, family offices, and various forms of business entities, such as corporations, partnerships, and limited liability companies. Joe is particularly experienced...
Read more about Joseph Nicola Jr. here