Artwork

Content provided by Josh Tyree and Robert Shappee, Josh Tyree, and Robert Shappee. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Josh Tyree and Robert Shappee, Josh Tyree, and Robert Shappee or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Player FM - Podcast App
Go offline with the Player FM app!

Season 2: Episode 11: Navigating the Corporate Transparency Act

20:46
 
Share
 

Manage episode 418252984 series 3405029
Content provided by Josh Tyree and Robert Shappee, Josh Tyree, and Robert Shappee. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Josh Tyree and Robert Shappee, Josh Tyree, and Robert Shappee or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

In this episode, our host, Josh Tyree introduces Brittany Mergan, CPA of CTA Compliance, the preferred provider for helping our clients comply with the new Corporate Transparency Act requirements. Along with our partner at Harris, David Hutchison, EA, they address key aspects of the Act, help define the types of owners that will be required to report, deadlines for reporting, exemptions, and tips for multi-entity owners.

Show Notes:

  • 00:35 Introduction to the Corporate Transparency Act (CTA)
  • 01:24 Current Status and Legal Challenges of the CTA
  • 02:47 What is Beneficial Ownership Information (BOI) and the role of FinCEN?
  • 04:20 Who needs to file and what do I have to submit?
  • 05:10 Consequences of Non-Compliance with the CTA
  • 05:59 Defining ownership interest, and the effect on spouses
  • 10:08 Deadlines for reporting
  • 11:42 Defining reporting applicants and their responsibilities in reporting
  • 13:20 Clarifying requirements for Single Member LLCs or Sole Proprietors
  • 16:33 Tips for multi-entity owners

Links:

Questions on CTA Compliance, contact info@ctacompliancellc.com

Brittany Mergen's LinkedIn

David Hutchinson's LinkedIn

David Hutchison's Biography

  continue reading

20 episodes

Artwork
iconShare
 
Manage episode 418252984 series 3405029
Content provided by Josh Tyree and Robert Shappee, Josh Tyree, and Robert Shappee. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Josh Tyree and Robert Shappee, Josh Tyree, and Robert Shappee or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

In this episode, our host, Josh Tyree introduces Brittany Mergan, CPA of CTA Compliance, the preferred provider for helping our clients comply with the new Corporate Transparency Act requirements. Along with our partner at Harris, David Hutchison, EA, they address key aspects of the Act, help define the types of owners that will be required to report, deadlines for reporting, exemptions, and tips for multi-entity owners.

Show Notes:

  • 00:35 Introduction to the Corporate Transparency Act (CTA)
  • 01:24 Current Status and Legal Challenges of the CTA
  • 02:47 What is Beneficial Ownership Information (BOI) and the role of FinCEN?
  • 04:20 Who needs to file and what do I have to submit?
  • 05:10 Consequences of Non-Compliance with the CTA
  • 05:59 Defining ownership interest, and the effect on spouses
  • 10:08 Deadlines for reporting
  • 11:42 Defining reporting applicants and their responsibilities in reporting
  • 13:20 Clarifying requirements for Single Member LLCs or Sole Proprietors
  • 16:33 Tips for multi-entity owners

Links:

Questions on CTA Compliance, contact info@ctacompliancellc.com

Brittany Mergen's LinkedIn

David Hutchinson's LinkedIn

David Hutchison's Biography

  continue reading

20 episodes

All episodes

×
 
Loading …

Welcome to Player FM!

Player FM is scanning the web for high-quality podcasts for you to enjoy right now. It's the best podcast app and works on Android, iPhone, and the web. Signup to sync subscriptions across devices.

 

Quick Reference Guide