In this timely presentation, Rob Ferrini will be joined by John Raspante, McGowanPRO’s Director of Risk management, and Frank Tumminello, founder of FileForms, to discuss the ramifications of The Corporate Transparency Act (CTA) for accounting firms.
During this 50-minute session, we will be discussing:
- What is the CTA?
- Who is a beneficial owner?
- What are the reporting requirements?
- Is this a service Accounting firms should be offering their clients?
- If Accounting firms are going to offer these services, how can you mitigate some of the risk?
- How will our professional liability insurance respond to a CTA claim?
The Corporate Transparency Act (CTA) establishes a beneficial ownership interest (BOI) reporting requirement for corporations, limited liability companies, and other similar entities formed or registered to do business in the United States. Beneficial ownership interest reports must be filed with the Financial Crimes Enforcement Network (FinCEN), a bureau within the U.S. Department of Treasury. The reporting requirements under the CTA come into effect on January 1, 2024.
PRESENTERS:
Rob Ferrini Cyber Program Manager McGowanPRO
John Raspante Director of Risk Management McGowanPRO
Frank Tumminello Founder FileForms
The Corporate Transparency Act (CTA): You can safely assist your accounting clients with filing, but should you? (!CPE)
Delivery Method: Group Internet Based
Field of Study: Business Management & Organization
