Recent litigation has temporarily halted compliance with the Corporate Transparency Act (CTA), introducing new complexities for CPAs advising clients on Beneficial Ownership Information (BOI) reporting. On December 3, 2024, [...]
Updated on October 31, 2024 We are pleased to share that the Treasury's Financial Crimes Enforcement Network (FinCEN) has extended Beneficial Ownership Information (BOI) reporting deadlines for certain businesses [...]
With the implementation of the Corporate Transparency Act (CTA), accounting firms may find themselves in a new area of service: helping clients comply with beneficial ownership reporting. As firms [...]
This content was submitted by Paychex and is not indicative of SCACPA's position, interpretation, or opinion of BOI Reporting. Paychex will offer a Beneficial Ownership Information (BOI) Reporting Service [...]
In a letter addressed to the U.S. Department of the Treasury and the Financial Crimes Enforcement Network (FinCEN), SCACPA and its peers voiced serious concerns regarding enforcing the reporting [...]
By W. Verne McGough, Jr. JD, LLM, Merline & Meacham, PA This article originally appeared in the Winter 2024 issue of the South Carolina CPA Report As 2024 ushers in [...]
Accounting firms have raised questions regarding potential coverage for services delivered to clients related to the Corporate Transparency Act (“CTA”). This article from CNA is designed to provide some general [...]
This article was originally published at https://cpai.com. The first second of the post is reprinted here with a link to the full article. The Corporate Transparency Act (“CTA” or [...]
Submitted by Matthew B. Edwards and D. Parker Baker III of Thomas, Fisher & Edwards, P.A., Greenville Note: This article has been adapted from an article entitled “The Basic [...]
By Ian Redpath, JD, LLM This article originally appeared in the Summer 2023 edition of the South Carolina CPA Report. The beneficial ownership information (“BOI”) reporting provisions were part [...]