Description:

This webinar provides an in-depth overview of the Beneficial Ownership Reporting Requirements mandated by the Corporate Transparency Act (CTA). As part of ongoing efforts to combat financial crimes, businesses are now required to disclose information on individuals who have substantial control or ownership interests. This session will cover the key aspects of the reporting requirements, including who must report, what information is required, deadlines for compliance, and potential penalties for non-compliance. Participants will also learn about practical steps to ensure their organizations meet these new obligations effectively.

Session Objectives:

• Understand the purpose and scope of the Beneficial Ownership Reporting Requirements.
• Identify the types of entities and individuals subject to these requirements.
• Learn the specific data points that must be reported and the deadlines for submission.
• Explore strategies to ensure compliance and avoid penalties.

Session Objectives:

• CPAs
• Financial Professionals
• Corporate Compliance Officers
• Legal advisors, and anyone involved in regulatory compliance within their organization

Speaker Profile:

Nick Preusch’s primary focus is performing tax services for high wealth individuals and mid-to-large business entities. Nick’s responsibilities include tax research related to complex business transactions and tax return preparation and review. He also works closely with businesses and individuals to find tax efficiencies through ever-changing tax legislation. He was also an Internal Revenue Service (IRS) attorney at the IRS National Office in Washington, DC, where he was the lead attorney for several significant tax ethics cases. Nick co-authored Tax Preparer Penalties and Circular 230 Enforcement, a textbook published by Thomson Reuters. He has also been published in the AICPA’s Tax Advisor and Journal of Accountancy along with CCH’s Journal of Tax Practice and Procedure. In 2017, he was named one of the VSPCA’s Top 5 Under 35. In 2018, he was named to CPA Practice Advisor’s Top 40 Under 40. In 2018, he was part of the AICPA’s New Face of Tax ad campaign. Nick is a licensed attorney in New York and a Certified Public Accountant in Virginia. He earned an LLM in Taxation from Georgetown University, a JD from Case Western Reserve University, and an MS in Accounting from the University of Connecticut.