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Friday, September 29, 2023 Live Webcast

Guide to the Corporate Transparency Act for Accounting and Finance Professionals (E2309472)

9:00 AM - 10:40 AM EDT

Registration: 8:30 AM EDT

webcast

Vendor Platform

2 CPE Credits in AA

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.

DESIGNED FOR

Accounting and finance professionals who service clients affected by the new CTA, and accounting and finance professionals whose own entity may be affected as well

BENEFITS

  • Understand the goals of the beneficial ownership reporting
  • Identify what entities need to file the reports and what information needs to be provided

HIGHLIGHTS

  • Updates on legislative challenges
  • The Corporate Transparency Act and its goals
  • Which entities need to file reports and which entities are exempt?
  • Deep dive into the definitions of beneficial owner and substantial control
  • Information that needs to be reported
  • Logistics on how and when to file the forms

TAKE THEIR WORD FOR IT…

Past attendees say:
  • Very good analysis. This area is certainly complicated and will require a lot of diligence on our part.

COURSE LEVEL

Basic

PREREQUISITES

None

ADVANCE PREPARATION

None

INSTRUCTOR

John Kilroy

John Kilroy, CPA, CFP
(4.6)

John Kilroy is a managing member of iValue Financial Planning LLC, located in the Philadelphia, Pennsylvania area. John engages clients in financial and tax planning, as well as preparing tax returns for individuals, corporations, partnerships, estates, and trusts. John is a CPA and a CFP® practitioner. He is a 1979 graduate of Villanova University with a BS in Accounting. John is a member of the Pennsylvania Institute of Certified Public Accountants and the Financial Planning Association (FPA). Within the FPA, John has served as a board member of the Philadelphia Tri-State chapter and on its education and finance committees. John is an adjunct faculty member for the Temple University Certificate of Financial Planning Program. He is a frequent speaker and facilitator on tax and financial planning topics. John has been quoted in the Wall Street Journal, MarketWatch.com, and USATODAY.com. He has written for the Journal of Financial Planning, and is a contributor to Retirement Weekly. John has also discussed financial and tax planning issues on various radio outlets.

PRICING

$99.00 - Member

$137.00 - Nonmember

Pre-Registration Closed

Online pre-registration for this event is now closed.

ADDITIONAL OPTIONS

Print a registration form

COURSE DEVELOPER

Surgent