Yes, FinCEN regulations impact your business every single day. Read on to learn how to stay compliant and avoid big penalties.   The Role and Mission of FinCEN Mission Statement FinCEN‘s mission is to safeguard the financial system from illicit use, combat money laundering, and promote national security through the collection, analysis, and dissemination of financial intelligence and strategic use

Yes, it’s true. If you own a business or entity in the United States, you very likely will need to file a BOI Report with the US Government – and the deadline is coming up fast. In today’s complex business landscape, regulatory compliance is more critical than ever. One of the most significant requirements for US business owners is the

We know you’ve been putting off filing Beneficial Owner Reports for your clients – but the end of the year is coming faster than you think. As a Certified Public Accountant (CPA), you play a crucial role in managing and maintaining the financial health and compliance of your clients’ entities. One of the key responsibilities in this domain is ensuring

Heads up, CPAs – The Corporate Transparency Act and Beneficial Owner Reporting are not going anywhere. We’ve put together a quick reference guide so you can knock it out of the park with your clients.   As a Certified Public Accountant (CPA), navigating the complexities of regulatory compliance, particularly when it comes to filing the newly instated Beneficial Owner Reports

You may have heard about the new legislation that requires all business owners to file their unique Beneficial Owner information with the U.S. Government. Are you prepared to file?   Beneficial Owners A beneficial owner is an individual who ultimately owns or controls a significant portion of a company’s equity or exercises substantial influence over its operations. This person may

On March 3rd, 2024, a U.S. District Judge in Alabama made a significant ruling declaring the Corporate Transparency Act (CTA) unconstitutional in a specific case. This judgment has ignited discussions surrounding the delicate balance of power between the branches of government, particularly regarding the authority of Congress to regulate corporate transparency. It’s important to note that this ruling applies solely

Do you operate or own an entity (LLC, Partnership, Corporations, etc) in the United States? Heads up, there are big changes coming to what’s expected of you this year.   The Corporate Transparency Act (CTA) was passed in December 2020 as part of the National Defense Authorization Act for Fiscal Year 2021, and came into effect in January of 2024.

Do you own a business and you’re just now hearing about the Corporate Transparency Act and Beneficial Owner Reporting? No worries, you’re not alone.   Beneficial Owner Reporting Here’s a quick list of the information that you will have to provide to the US government under the Corporate Transparency Act (CTA) in 2024.   Legal name of the entity The