FinCEN has launched a toolkit for outreach and education on Beneficial Ownership Reporting.
The Corporate Transparency Act (CTA) brings a new wave of compliance for businesses, requiring the disclosure of Beneficial Ownership Information (BOI) to prevent financial crime. The Financial Crimes Enforcement Network (FinCEN) has launched a Beneficial Ownership Reporting Outreach and Education Toolkit. This toolkit provides educational resources covering reporting requirements, deadlines, and filing procedures, guiding business […]
How a Personal Mission Led to the Creation of CTA Express: Martin Howell’s Story
Martin Howell’s journey to founding CTA Express began with a deeply personal experience. After a successful career in education, Martin’s father embarked on building a small residential care facility in rural California—Mardel House. Despite his disability, Martin’s father passionately managed the facility, caring for elderly residents, including both of his grandmothers. However, unforeseen regulatory […]
Press Release:
Forensic Payroll Consultants, Inc. (FPC) and CTA Express Announce Partnership Streamlining the Beneficial Ownership Information Reporting Process Before the Deadline of January 1, 2025 Whitter, CA (DATE TBD) – Forensic Payroll Consultants, Inc. has partnered with CTA Express to provide Beneficial Ownership Information reporting for its clients, prospects, and for those of its referral partners […]
How Investigations from Non-Compliance with BOI Reporting Can Impact Your Business
The Corporate Transparency Act (CTA) requires businesses to disclose their Beneficial Ownership Information (BOI) to FinCEN, aiming to curb financial crimes. While the goal is clear, the repercussions of non-compliance are often underestimated. FinCEN takes BOI reporting seriously. Non-compliance with BOI reporting can result in severe penalties, including substantial fines, investigations, and potential imprisonment for […]
The Penalties for Not Filing Under the Corporate Transparency Act
The Corporate Transparency Act (CTA) mandates businesses disclose their ownership structures to enhance transparency and combat illicit activities. As the January 2024 deadline approaches, small businesses must understand the severe penalties associated with non-compliance. This blog post will outline these penalties and guide you on how to avoid them. Penalties for Non-Compliance “The […]
The Importance of Compliance for Small Businesses
Navigating the regulatory landscape is a critical aspect of running a small business, and the Corporate Transparency Act (CTA) is a significant development that impacts many. Effective from January 2024, the CTA mandates that businesses disclose their ownership structures, adding a new layer of compliance requirements. Understanding and adhering to these regulations is essential for […]
