Podcasts about corporate transparency act cta

What happens when the world's most influential anti-bribery law is abruptly paused? Is transparency merely a compliance box-tick—or the most powerful tool we have against global threats like kleptocracy, sanctions evasion, and illicit finance? In this eye-opening episode of Corruption, Crime, and Compliance, Michael Volkov is joined by two powerhouse experts in the global fight against corruption: Scott Greytak and Josh Birenbaum (*see ‘'About Guests below). Together, they break down the sweeping implications of the U.S. government's pause on Foreign Corrupt Practices Act (FCPA)enforcement, the gutting of the Corporate Transparency Act (CTA), and what all of this means for business leaders, policymakers, and the international community.When the United States hit pause on FCPA enforcement, the global anti-corruption landscape shifted. Scott and Josh explore how companies are reacting, how allies are stepping up enforcement, and why transparency is emerging as a national security imperative. They offer a forward-looking conversation filled with insights for compliance professionals, risk officers, and anyone committed to ethical business in a volatile world.You'll hear them discuss:Why the U.S. government's pause on FCPA enforcement shocked the global anti-corruption community—and why companies should still stay the course with compliance regardless of political signals.How the Corporate Transparency Act, once seen as the most significant U.S. anti-money laundering law in a generation, has been quietly gutted—leaving a dangerous gap in the fight against shell companies and financial crime.What it means that U.S. companies are now incentivized to form anonymously domestically to avoid ownership disclosure—inviting kleptocrats, traffickers, and foreign adversaries to hide in plain sight.Why global businesses must prepare for a sharp rise in trade compliance enforcement, as tariffs, export controls, and sanctions take center stage in economic security—and why transparency is essential to managing these risks.How foreign enforcers, especially in Europe, are beginning to step up—but why no alliance or coalition can truly fill the vacuum left by a retreating United States.What makes transparency not just a compliance tool, but a weapon against geopolitical threats—from Xinjiang's forced labor camps to Russian shadow fleets and fentanyl trafficking.How transparency can be hardwired into foreign aid policy to protect U.S. taxpayer money, prevent narco-state development, and give American businesses a fair shot abroad.Why there's still hope—from new bipartisan support for anti-corruption measures to the emergence of a national security lens on transparency across Congress, federal agencies, and the private sector.About GuestsScott Greytak is an anticorruption attorney and the Director of Advocacy for TI US. His work focuses on designing anticorruption laws and policies, organizing and leading ideologically inclusive coalitions, and lobbying the U.S. Congress and administration. Greytak was named a Top Lobbyist in 2021, 2023, and 2024 by the National Institute for Lobbying & Ethics. Josh Birenbaum is the deputy director of FDD's Center on Economic and Financial Power, focusing on illicit finance risks and global corruption. Previously, Josh was the research and policy analyst at TRACE International, producing articles, book chapters, op-eds, model policies, industry reports, and speeches on sanctions, export controls, corruption, conflict minerals, money laundering, human rights, illicit finance, and other topics. ResourcesScott Greytak on LinkedIn | Email - sgreytak@us.transparency.orgJosh Birenbaum on LinkedIn | Email - jbirenbaum@fdd.orgMichael Volkov on LinkedIn | TwitterThe Volkov Law Group

Episode #67 with Nigel Morris-Cotterill, Oonagh van den Berg and Malcolm NanceIn this episode of Regulatory Ramblings, the panel tackles the Trump administration's controversial move to suspend enforcement of the Corporate Transparency Act (CTA)—a key anti-money laundering (AML) initiative passed under the Biden administration. The decision, announced by the U.S. Treasury Department in early March, stated that it would halt all penalties and fines associated with beneficial ownership information reporting under current regulatory deadlines. Crucially, it also confirmed that no penalties would apply even after forthcoming rule changes take effect—effectively dismantling the mechanism meant to expose the real owners of shell companies.The net result: the U.S. government will no longer require shell companies to disclose their beneficial owners, allowing wealthy individuals and corporations to hide their profits from public scrutiny. The CTA, passed in 2021, had required companies to submit ownership data to FinCEN (Financial Crimes Enforcement Network) as a means to tackle tax evasion and corporate cronyism. The rule's enforcement had already been frozen by a federal court order. Reacting to the Treasury's announcement, President Donald Trump took to Truth Social, calling the CTA “an absolute disaster for Small Businesses Nationwide” and celebrating the suspension of what he described as “the economic menace” of beneficial ownership reporting.This episode's Spotlight segment features returning guest Nigel Morris-Cotterill, a renowned expert in counter-money laundering and financial crime compliance. He breaks down why the term “beneficial ownership” is a legal misnomer in corporate law and argues that the CTA was always set up to fail—especially in a country like the U.S. that has historically resisted full FATF compliance. Nigel discusses how this rollback affects compliance expectations in Asia-Pacific financial hubs like Hong Kong and Singapore, stressing that legal and compliance professionals in the region must remain vigilant. He also cautions that the rollback creates tension between U.S. and local AML standards, while selective extraterritorial enforcement by the U.S. is all but guaranteed.Joining the discussion, Malcolm Nance and Oonagh Van den Berg weigh in on the global implications of the move. They explore whether this rollback represents a temporary pause for regulatory review or a tectonic shift in the U.S.'s approach to corporate accountability, transparency, and AML enforcement. Oonagh underscores that while the CTA imposed real burdens on SMEs, the abandonment of enforcement could signal a broader retreat from anti-corruption efforts—especially as the Trump administration also moves to suspend the Foreign Corrupt Practices Act (FCPA) and disband units focused on fighting kleptocracy.Together, the panel explores pressing questions: Will deregulation lead to more illicit finance? Is this the start of a new multipolar world order where financial crime enforcement becomes political and transactional? They touch on how trade-based money laundering, sanctions evasion, and the exploitation of legacy systems like hawala continue to pose massive risks to financial systems.The conversation ends with a consensus that blanket deregulation is not the answer. Instead, they call for smarter, more risk-based, tech-enabled regulation that moves beyond box-ticking and uses modern tools—like AI and data analytics—to target the real threats. It's a sobering yet thought-provoking discussion on what may be the beginning of a global recalibration in financial crime compliance.HKU FinTech is the leading fintech research and education in Asia. Learn more at www.hkufintech.com.

Welcome to the award-winning FCPA Compliance Report, the longest-running podcast in compliance. In this episode, Tom welcomes back Corporate Transparency Act expert and maven Jonathan Wilson for a look at how the Trump administration killed the Corporate Transparency Act (CTA). In March, the Treasury Secretary announced that all domestic reporting companies would be exempt from filing Beneficial Ownership Information (BOI) reports, with only foreign reporting companies required to file. This obviously violates both the intent of the law and its plain language. Jonathan outlines the impact of this interim final rule, noting the loss of a critical tool for federal and state law enforcement and financial institutions. The pod explores the potential for legal challenges and the possible implications for ongoing constitutional lawsuits related to the Act. Key highlights: Unexpected Regulatory Changes Implications of the New Rule Potential Legal Challenges Resources: Jonathan Wilson on LinkedIn FinCEN Report Tom Fox Instagram Facebook YouTube Twitter LinkedIn Learn more about your ad choices. Visit megaphone.fm/adchoices

On this episode, Mark Gallegos, CPA, MST, Partner — Porte Brown, discusses strategies for thriving during tax season. Mark highlights his current challenges but reiterates the importance of staying educated and focused in order to foster a spirit of collaboration and support to get through busy season. What you'll learn from this episode:  Practical tips on supporting staff during busy season How to stay focused and avoid getting distracted with all the noise The importance of providing support and guidance to your colleagues Tips on managing workflow and deadlines AICPA resources Reimaging your tax practice — Tackle today's top practice management issues with insights and tips from pioneers in the tax community. Join the upcoming session on March 19 at 3pm ET to hear about Tax Season Triage: Your questions answered. Beneficial ownership information (BOI) reporting — Access resources to learn about the BOI reporting requirement under FinCEN's Corporate Transparency Act (CTA). Transforming Your Business Model: Talent — Tap into the Private Company Practice Section (PCPS) toolkit for resources around attracting, retaining and developing talent to ensure the growth of the profession and position your firm for success.  Keep your finger on the pulse of the dynamic and evolving tax landscape with insights from tax thought leaders in the AICPA Tax Section. The Tax Section Odyssey podcast includes a digest of tax developments, trending issues and practice management tips that you need to be aware of to elevate your professional development and your firm practices. This resource is part of the robust tax resource library available from the AICPA Tax Section. The Tax Section is your go-to home base for staying up to date on the latest tax developments and providing the edge you need for upskilling your professional development. If you're not already a member, consider joining this prestigious community of your tax peers. You'll get free CPE, access to rich technical content such as our Annual Tax Compliance Kit, a weekly member newsletter and a digital subscription to The Tax Adviser.

BOI Reporting Fines Canceled for U.S. Citizens & Businesses! Big news for U.S. business owners! The Treasury Department has announced that U.S. citizens and domestic businesses will not face fines or penalties for failing to file Beneficial Ownership Information (BOI) reports after new deadlines are set.Last week, FinCEN confirmed that updated BOI reporting deadlines will be announced no later than March 21. However, Treasury has now clarified that they will not enforce penalties or fines associated with the BOI!This decision comes as part of the Corporate Transparency Act (CTA) and is being positioned as a win for reducing regulatory burdens on small businesses. Treasury Secretary Scott Bessent stated that this move aligns with President Trump's goal of fostering economic growth by cutting unnecessary red tape.What does this mean for you?No fines or penalties for U.S. businesses and beneficial owners.A significant shift in compliance obligations under the CTA.Stay tuned for more updates as the final rule changes are announced!Need Help Setting Up An LLC? Please check out my law firm here: https://kkoslawyers.com/ Grab my FREE Ultimate Tax Strategy Guide HERE! Are you ready to get certified in EVERY strategy I teach? Start your journey with a FREE 15-minute demo to explore the Main Street Tax Pro Certification. You don't want to miss this! Secure your tickets for the most significant tax & legal event of the year: Tax and Legal 360 Looking to connect with a rock star law firm? KKOS is only a click away! Check out our YOUTUBE Channel Here: https://www.youtube.com/markjkohler Craving more content? Check out my Instagram!

Watch The X22 Report On Video No videos found Click On Picture To See Larger Picture Biden's labor market is weakening, the labor market stats were a lie from the beginning and now its falling apart. Honda will build it's cars in the US instead of Mexico. BOI is dead, it was shutdown by the Bessent and Trump. Now is the time to hold onto gold and crypto. Trump has trapped the EU, they are now divided and half want peace and the other wants war. NATO is not what is seems, this the [DS] NATO World Order. Money laundering tracker is currently being built to track down who is receiving the funds. This is the biggest sting operation the world has ever seen.   (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:13499335648425062,size:[0, 0],id:"ld-7164-1323"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="//cdn2.customads.co/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs"); Economy https://twitter.com/KobeissiLetter/status/1896564574318698817   of Americans claiming jobs are hard to get jumped to 16%, the 3rd-highest since 2021. Americans believe the labor market is deteriorating. https://twitter.com/ElectionWiz/status/1896543299923857636 Treasury Department Suspends the Enforcement of BOI that Forces Small Businesses to Report Personal Details About Their Owners to the Feds   The U.S. Treasury Department announced on March 2 that it will cease enforcement of the Corporate Transparency Act (CTA) and its associated Beneficial Ownership Information (BOI) reporting requirements. This decision follows conservative comedian and entrepreneur Terrence K. Williams tagging Elon Musk on X, urging him to take action against the burdensome Beneficial Ownership Information (BOI) rule. On Saturday, Williams wrote: https://twitter.com/elonmusk/status/1896005328338371043?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1896005328338371043%7Ctwgr%5E6801261efa6a133a8538aef39a6b77bf312e22e4%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thegatewaypundit.com%2F2025%2F03%2Ftreasury-department-suspends-enforcement-boi-that-forces-small%2F Key Provisions of the CTA: Beneficial Ownership Reporting Businesses must report individuals who own or control at least 25% of the company or exert significant control over it. Report includes full name, date of birth, address, and a unique identifying number (e.g., passport or driver's license). Who Must Report? Most small and medium-sized businesses formed in the U.S. or registered to do business in the U.S. Exceptions include larger companies (with more than 20 full-time employees and over $5 million in revenue) and certain regulated industries (e.g., banks, investment firms). Reporting Deadlines: Companies formed before Jan. 1, 2024 must file by Jan. 1, 2025. New businesses formed in 2024 have 90 days from registration. New businesses formed after 2024 have 30 days to report. Penalties for Non-Compliance: Fines up to $500 per day for failure to report. Criminal penalties including fines up to $10,000 and up to 2 years in prison for willfully providing false information Source: thegatewaypundit.com  Treasury secretary says he'll 'appoint an affordability czar,' create 'affordability council' "I think President Trump said that he'll own the economy in six or 12 months. But I can tell you that we are working to get these prices down every day," Bessent says Treasury Secretary Scott Bessent announced  that he plans to appoint an "affordability czar" and create an "affordability council." Bessent also blasted the mainstream press, arguing that their coverage largely described the economy as "great" in the last year and a half of Biden's term. "What I find interesting is,

In a major regulatory shift, the U.S. Treasury Department has suspended enforcement of the Corporate Transparency Act (CTA)—a law that required LLCs, corporations, and other business entities to report their beneficial ownership to FinCEN. This decision eliminates the risk of steep fines and criminal penalties for real estate investors and business owners. Treasury officials also announced plans to limit the rule to foreign reporting companies only, a move aimed at reducing regulatory burdens on American businesses. In this episode, Kathy Fettke breaks down what this means for real estate investors, business owners, and the future of financial transparency rules. Tune in now to stay ahead of the latest real estate and investment news! 00:00 Breaking News 00:20 Corporate Transparency Act 01:12 Changes to CTA 01:38 Proposed Rule Making 02:13 Real Estate Investors and Business Owners   LINKS JOIN RealWealth® FOR FREE https://realty.realwealth.com/join-now/ SYNDICATIONS: Wild Pine San Antoniohttps://realwealth.com/wildpine FOLLOW OUR PODCASTS Real Wealth Show: Real Estate Investing Podcast https://link.chtbl.com/RWS Real Estate News: Real Estate Investing Podcast: https://link.chtbl.com/REN   Source: https://home.treasury.gov/news/press-releases/sb0038 

The Corporate Transparency Act (CTA) is a sweeping federal statute requiring individuals with significant interests in LLCs and other entities registered under state or tribal law to disclose personal information, unless explicitly exempt. This information is stored in a Treasury Department database maintained by the Financial Crimes Enforcement Network (FinCEN) and accessible by the IRS, federal and foreign law enforcement, and intelligence agencies without court approval. (State authorities must obtain judicial authorization.) Affecting over 32 million entities, the CTA imposes severe penalties for noncompliance, including fines of up to $10,000 and imprisonment. Initially set to take effect on January 1, 2025, for pre-existing entities, the implementation timeline has been disrupted by legal challenges.Join us as we delve into the constitutional controversies surrounding the CTA. Our speaker, Prof. Thomas Lee, was the lead lawyer in NSBA v. Yellen, the first of the CTA lawsuits filed in the Northern District of Alabama in November 2022. The district court issued a permanent injunction on March 1, 2024, igniting a wave of similar lawsuits, including Texas Top Cop Shop, where a nationwide preliminary injunction was granted in May 2024.The Supreme Court is currently considering a stay application in Texas Top Cop Shop, and the Eleventh Circuit's decision on the government's appeal in NSBA v. Yellen remains pending. Prof. Lee will provide insights into these pivotal cases and their broader implications for federal regulatory authority and individual rights under the Constitution.Featuring: Prof. Thomas Lee, Leitner Family Professor of International Law; Director of Graduate and International Studies, Fordham University School of Law

The Corporate Transparency Act (CTA) is a new federal law requiring millions of businesses to report their beneficial ownership to the Financial Crimes Enforcement Network (FinCEN). But who needs to file? What are the penalties for non-compliance? And why has the CTA been challenged in court?In this video, we cover:✅ Who must file under the CTA (LLCs, Corporations, and Foreign Entities)✅ Key deadlines & reporting requirements✅ Potential penalties for non-compliance✅ Why 93% of businesses are unaware of this law✅ Legal challenges and the possibility of repealDon't get caught off guard—learn how the CTA impacts small businesses, foreign investors, and corporate compliance in 2025 and beyond.

Join us, Jeff “Tigger” Erhardt and Rebecca Wanner aka “BEC” as we head down the road for bull sale season.  The bulls, the heifers, the cattle, the people, the food and this one about Red Angus.  Plus we have the latest news and lots more on this all new episode of The Ranch It Up Radio Show. Be sure to subscribe on your favorite podcasting app or on the Ranch It Up Radio Show YouTube Channel. Season 5, EPISODE 223 Highlight: Wasem Red Angus & Beef Industry News Why Wasem Red Angus Discover Practical, Profitable, & Reliable Red Angus Are you in the market for bulls and heifers that have thriving sustainability? Wasem Red Angus, owned by Chris & Jolynn Wasem, have built a program that produces adaptable, practical and profitable offspring. You will find cattle that have a quiet disposition and are easy to handle too.  Wasem Red Angus strives to offer cattle with power and performance through balanced EPD's and phenotype. Learn more about their program, view catalog, videos and bid online HERE. Cattle Industry News NCBA Calls Out Supreme Court Decision on Corporate Transparency Act: A Blow to Family Farms and Ranches The National Cattlemen's Beef Association (NCBA) voiced strong disappointment following the U.S. Supreme Court's decision to lift an injunction that had temporarily halted enforcement of the Corporate Transparency Act (CTA). The CTA introduces new reporting requirements that some say could impose significant burdens on small businesses, including family-owned farms and ranches. NCBA Executive Director of Government Affairs, Kent Bacus, expressed concern about the potential impact by saying the Corporate Transparency Act will blanket family-owned farms and ranches in excessive red tape, placing millions of small business owners at risk of legal trouble.  He went on to say that he is urging President Trump and the Treasury Secretary to intervene and protect small businesses from these onerous requirements by delaying enforcement until a workable solution is found. While NCBA's advocacy primarily focuses on farmers and ranchers, the Act's implications extend beyond agriculture. NCBA's Director of Policy Communications highlighted how the law could also weigh heavily on small and family-owned meat processors, adding to their regulatory challenges. The U.S. Supreme Court's decision overturned a nationwide injunction, allowing the Department of Treasury to enforce the Act while ongoing federal court cases challenge its legality. What This Means for Small Businesses The CTA would require entities to disclose detailed ownership information to the federal government, which could pose administrative and financial challenges for smaller operations.  Given the complexity of these new requirements, it is recommended that whether in agriculture, meat processing, or other industries—seek advice from legal or tax professionals to ensure compliance and mitigate risks. Select Sires New 2025 Spring Beef Sire Directory Is Available Select Sires Spring 2025 Beef Sire Directory is available online for viewing.  A new and powerful lineup of beef sires.  We have the link for the online version in the show notes for this episode at ranch it up show dot com. Or head to Select Sires Beef Dot Com.  Select Sire 2025 Beef Sire Directory Pork Industry Monitors H5N1 Developments The pork industry is closely monitoring the spread of highly pathogenic avian influenza (H5N1), with producers emphasizing preparedness. National Pork Board CEO Bill Even highlighted ongoing collaboration with poultry, dairy and USDA teams to ensure readiness in case of an outbreak. “Fortunately for the pork industry, we haven't had any issues,” Even said. He assured consumers that pork products would remain safe to eat even if H5N1 were to affect the sector. RanchChannel.Com Now Has The Futures Markets & New Listings Futures Markets RanchChannel.com now has futures markets at your fingertips!  Feeder Cattle, Live Cattle, Corn, Wheat, Soybeans, Soybean Oil, Milk Class IV, and Ethanol.  Information is provided by DTN and market information may be delayed by as much as 10 minutes.  Click Here for more information! UPCOMING SALES & EVENTS Spruce Hill Ranch:  February 6, 2025 Prairie Hills Gelbvieh:  February 8, 2025 Bred For Balance: February 14, 2025 Flittie/Schnabel/Lazy J Bar:  February 15, 2025 CK Cattle & Wager Cattle: February 16, 2025 Wasem Red Angus:  February 20, 2025 Pederson Broken Heart Ranch: March 5, 2025 Keller Broken Heart Ranch:  March 6, 2025 Vollmer Angus Ranch:  April 1, 2025 Jorgensen Land & Cattle:  April 21, 2025 World Famous Miles City Bucking Horse Sale: May 15 18, 2025 BULL SALE REPORT & RESULTS Click HERE for the latest Bull Sale Results https://ranchchannel.com/category/past-bull-production-sales-archive/ FEATURING Chris Wasem Wasem Red Angus https://www.wasemredangus.com/ @WasemReds Mark Vanzee Livestock Market, Equine Market, Auction Time https://www.auctiontime.com/ https://www.livestockmarket.com/ https://www.equinemarket.com/ @LivestockMkt @EquineMkt @AuctionTime Kirk Donsbach: Stone X Financial https://www.stonex.com/   @StoneXGroupInc    Shaye Koester Casual Cattle Conversation https://www.casualcattleconversations.com/ @cattleconvos   Questions & Concerns From The Field? Call or Text your questions, or comments to 707-RANCH20 or 707-726-2420 Or email RanchItUpShow@gmail.com FOLLOW Facebook/Instagram: @RanchItUpShow SUBSCRIBE to the Ranch It Up YouTube Channel: @ranchitup Website: RanchItUpShow.com https://ranchitupshow.com/ The Ranch It Up Podcast is available on ALL podcasting apps. https://ranchitup.podbean.com/   Rural America is center-stage on this outfit. AND how is that? Tigger & BEC Live This Western American Lifestyle. Tigger & BEC represent the Working Ranch world and cattle industry by providing the cowboys, cowgirls, beef cattle producers & successful farmers the knowledge and education needed to bring high-quality beef & meat to your table for dinner. Learn more about Jeff 'Tigger' Erhardt & Rebecca Wanner aka BEC here: TiggerandBEC.com https://tiggerandbec.com/   #RanchItUp #StayRanchy #TiggerApproved #tiggerandbec #rodeo #ranching #farming References https://www.stonex.com/ https://www.livestockmarket.com/ https://www.equinemarket.com/ https://www.auctiontime.com/ https://gelbvieh.org/ https://www.imogeneingredients.com/ https://alliedgeneticresources.com/ https://westwayfeed.com/ https://medoraboot.com/ http://www.gostockmens.com/ https://www.imiglobal.com/beef https://www.tsln.com/ https://transova.com/ https://axiota.com/ https://axiota.com/multimin-90-product-label/ https://jorgensenfarms.com/ https://www.bredforbalance.com/ https://ranchchannel.com/ https://www.wrangler.com/ https://www.ruralradio147.com/ https://www.rfdtv.com/ https://www.meatingplace.com/Industry/News/Details/117710 https://selectsiresbeef.com/ https://www.meatingplace.com/Industry/News/Details/117700

A Supreme Court Decision That Changed Nothing The Future of the Beneficial Ownership Information Report Remains Uncertain After bouncing around in district and appeals courts for months, the Corporate Transparency Act (CTA) and its mandated Beneficial Ownership Information Report had their first day before the Supreme Court this month. On January 23, the Court lifted a temporary restraining order (TRO) which had suspended enforcement of the reporting requirement since December 2. But perhaps for the first time in the history of the Supreme Court, the justices lifted a TRO and their decision made no practical difference whatsoever. I trace this strange development in this episode and lay out the possible scenarios which may play out in the weeks ahead with the CTA. I look at the question, is the Beneficial Ownership Information Report going away? Or coming back? Some 30 million small business owners are waiting to find out. You can download the script for this program at https://www.upsizeyourleadership.com/transcripts/2505-boi-coming-back.pdf. Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome to the award-winning FCPA Compliance Report, the longest-running podcast in compliance. In this episode, Tom welcomes back Jonathan Wilson to discuss recent turbulent developments regarding the Corporate Transparency Act (CTA) at the Supreme Court. The conversation includes key legal battles in Texas involving injunctions against the CTA. They explore the Supreme Court's recent stay on a previous injunction, the new Smith v. Treasury case, and its implications. The hosts analyze the confusion and uncertainty surrounding compliance with the CTA and offer strategic advice to businesses during this chaotic period. They conclude with insights on the political and judicial landscape, potential future rulings, and the importance of the CTA in combating money laundering. Key highlights: Supreme Court's Recent Actions Smith v. Treasury Case Overview Discussion on Universal Injunctions Future Implications and Legal Advice Political Landscape and CTA Support Resources: Jonathan Wilson on LinkedIn FinCEN Report Tom Fox Instagram Facebook YouTube Twitter LinkedIn For more information on the Ethico Toolkit for Middle Managers, available at no charge, click here. Learn more about your ad choices. Visit megaphone.fm/adchoices

This Day in Legal History: Brushaber v. Union Pacific Railroad Co.On January 24, 1916, the United States Supreme Court issued a pivotal decision in Brushaber v. Union Pacific Railroad Co. This case arose after Frank Brushaber, a shareholder of Union Pacific Railroad, filed suit against the company to challenge the federal income tax imposed on its earnings. Brushaber argued that the tax violated the Constitution by not being apportioned among the states in accordance with Article I, Section 9. His challenge directly questioned the recently ratified 16th Amendment, which granted Congress the authority to tax incomes without apportionment.In its ruling, the Supreme Court upheld the constitutionality of the federal income tax. Writing for the majority, Chief Justice Edward Douglass White rejected Brushaber's claims, affirming that the 16th Amendment eliminated the requirement for income taxes to be apportioned among the states. The Court emphasized that the amendment did not create a new power of taxation but clarified Congress's authority to levy such taxes directly.This decision was a turning point in U.S. legal and financial history, solidifying the federal government's ability to collect income taxes as a primary source of revenue. It set the stage for the modern tax system and allowed for the growth of federal programs funded through taxation. By resolving disputes surrounding the 16th Amendment, Brushaber helped ensure the stability of income taxation as a legal and constitutional practice.A federal judge in Seattle has temporarily blocked a controversial executive order issued by President Donald Trump seeking to end birthright citizenship, which is guaranteed under the 14th Amendment. The order, titled “Protecting the Meaning and Value of American Citizenship,” denies citizenship to children born in the United States if their parents lack legal status, are in the country temporarily, or if both parents fail to meet citizenship or residency criteria. This policy would leave thousands of American-born children stateless, without access to federal benefits, or documentation like passports, effectively excluding them from many civic rights and responsibilities.Senior U.S. District Judge John Coughenour declared the order "blatantly unconstitutional," citing the clear language of the 14th Amendment and Supreme Court precedent, such as United States v. Wong Kim Ark (1898), which reaffirmed birthright citizenship regardless of parental status. The executive order, effective February 19, 2025, has drawn multiple lawsuits from states and advocacy groups. Washington Attorney General Nick Brown, joined by Oregon, Illinois, and Arizona, among others, emphasized that the order could deprive an estimated 150,000 children nationally of citizenship annually. This includes 4,000 children in Washington state alone.The order also demands that federal agencies refuse to issue documents recognizing citizenship to these individuals, which state officials argue oversteps presidential authority and contradicts constitutional protections. Plaintiffs highlight significant harm to state-funded healthcare, education, and welfare programs, as federal support for these services is tied to recognized citizenship status. The ruling echoes previous legal challenges to Trump-era policies, such as the blocked travel bans, underscoring judicial limits on executive power in shaping immigration and constitutional rights​​.Judge in Seattle blocks Trump order on birthright citizenship nationwideUS judge temporarily blocks Trump's order restricting birthright citizenship | ReutersThe U.S. Supreme Court has allowed the government to enforce the Corporate Transparency Act (CTA), requiring millions of businesses to disclose their beneficial ownership to the Treasury Department's Financial Crimes Enforcement Network (FinCEN). The Court stayed an injunction that had blocked the law's enforcement, enabling the government to proceed while litigation continues in the Fifth Circuit Court of Appeals, with oral arguments scheduled for March 25. However, the January 13 filing deadline remains suspended.Justice Neil Gorsuch supported the stay, suggesting the Court resolve the legality of nationwide injunctions in such cases. Justice Ketanji Brown Jackson dissented, arguing the government hadn't demonstrated urgency for immediate implementation. The CTA mandates most U.S. businesses incorporated before 2024—and approximately five million new annual incorporations—to report ownership details, with noncompliance subject to penalties. FinCEN estimates that 32.6 million entities will need to comply, though 10 million have already submitted information voluntarily.The CTA aims to combat financial crimes by curbing the misuse of anonymous shell companies, a measure supported by transparency advocates. Critics, including businesses and advocacy groups, argue the law infringes on constitutional rights. Texas Top Cop Shop Inc., represented by the Center for Individual Rights, has challenged the law's constitutionality.  The law's enforcement has been turbulent, with multiple court rulings and delayed deadlines. FinCEN has encouraged voluntary reporting during this period, warning of fines of $500 per day for noncompliance if enforcement resumes. Meanwhile, businesses and advisors have been urged to preemptively file to avoid potential technical issues when mandatory compliance takes effect.Supreme Court Allows Corporate Transparency Act Enforcement (1)President Donald Trump signed an executive order on January 23, 2025, creating a cryptocurrency working group tasked with drafting new regulations and exploring the establishment of a national cryptocurrency stockpile. The order aims to overhaul U.S. digital asset policy, a key promise from Trump's campaign. It protects banking services for crypto companies, bans the creation of central bank digital currencies (CBDCs), and pushes for clear regulatory frameworks for digital assets, including stablecoins.The order also directs the U.S. Securities and Exchange Commission (SEC) to rescind guidance that had imposed high costs on companies safeguarding crypto assets, a move welcomed by the industry. Venture capitalist and former PayPal executive David Sacks was named chair of the working group, which includes leaders from the Treasury Department, SEC, and Commodity Futures Trading Commission.This directive marks a shift from the previous administration's stricter stance on cryptocurrencies, which included lawsuits against major exchanges like Coinbase and Binance for alleged violations of U.S. law. Industry leaders and policymakers applauded the move, viewing it as a significant step toward mainstream adoption of digital assets and the development of consistent regulations.  The executive order also mentions evaluating the creation of a digital asset stockpile potentially sourced from cryptocurrencies seized by law enforcement, though details on its implementation remain unclear. Bitcoin's price reached record highs earlier in the week, reflecting investor optimism over Trump's pro-crypto administration.Trump orders crypto working group to draft new regulations, explore national stockpile | ReutersThis week's closing theme is by Johann Christoph Friedrich Bach. Johann Christoph Friedrich Bach (1732–1795), often referred to as the "Bückeburg Bach," was the ninth son of Johann Sebastian Bach and a distinguished composer in his own right. Born in Leipzig, Johann Christoph Friedrich grew up immersed in music under the tutelage of his father, yet he developed a unique style that bridged the Baroque and Classical eras. He spent most of his career at the court of Schaumburg-Lippe in Bückeburg, where he served as Konzertmeister and later as Kapellmeister. His music, characterized by elegance and charm, often reflected the tastes of the emerging Classical period while retaining the counterpoint and depth of his father's influence.Bach composed a variety of works, including symphonies, keyboard pieces, and chamber music, yet his output remains relatively underappreciated compared to his more famous siblings, such as Carl Philipp Emanuel and Wilhelm Friedemann. Johann Christoph Friedrich passed away on January 26, 1795, leaving behind a legacy of compositions that deserve wider recognition.For this week's closing theme, we've chosen his Flute Sonata in D minor, HW VIII/3.1 - I. Allegretto non troppo, arranged for trumpet, cello, and harpsichord. This arrangement brings new energy to Bach's graceful and lyrical lines, blending the interplay of the trumpet's bright tones with the rich warmth of the cello and the intricate textures of the harpsichord. The Allegretto non troppo exemplifies Johann Christoph Friedrich's ability to balance expressive melodies with delicate intricacies, creating music that is both accessible and profound. As we remember his contributions to music on the anniversary of his passing, let this piece inspire reflection on the enduring artistry of the Bach family.Without further ado, Johann Christoph Friedrich Bach's Flute Sonata in D minor, HW VIII/3.1 - I. Allegretto non troppo, enjoy! This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.minimumcomp.com/subscribe

In this episode of The Legal Landscape, Kelsey Schmidt and Annie Lawson dive into the Corporate Transparency Act (CTA) — a new federal law requiring companies to disclose beneficial ownership information. They discuss recent litigation challenging the CTA's constitutionality, including the latest Texas case that halted enforcement nationwide, and what businesses need to know about compliance.Featured Speakers: Kelsey Schmidt, Partner, Labor and Employment, Haynes BooneAnnie Lawson, Associate, Tax and Business Planning Group, Haynes Boone

Welcome to the award-winning FCPA Compliance Report, the longest-running podcast in compliance. In the first episode of the 2025 FCPA Compliance Report, Tom welcomes back Jonathan Wilson, founder and CEO of the FinCEN Report, to discuss recent legal machinations surrounding the Corporate Transparency Act (CTA). They delve into a December court ruling by the Eastern District of Texas, which issued a universal injunction against the CTA, claiming it oversteps Congress's authority under the Commerce Clause. The Fifth Circuit stay panel initially stayed this ruling but was later reinstated by the merits panel, leading the government to appeal to the Supreme Court. The episode also covers historical context, potential impacts on businesses, and predictions for future court actions regarding the CTA. Key highlights: Texas Top Cop Shop Case Overview Court Rulings and Injunctions Supreme Court Involvement Government Response and Filing Process Implications of Administration Change Resources: Jonathan Wilson on LinkedIn FinCEN Report Tom Fox Instagram Facebook YouTube Twitter LinkedIn For more information on the Ethico Toolkit for Middle Managers, available at no charge, click here. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Corporate Transparency Act is the new law that requires certain “reporting companies” (corporations or LLCs of fewer than 20 employees and $5 million or less in revenue) to report beneficial ownership information to FinCEN, the Financial Crimes Enforcement Network, or else face daily fines and up to two years imprisonment! A federal court in Texas issued a nationwide preliminary injunction in early December 2024, preventing the federal government from enforcing the law for the time being. An appeals court then changed course later in December – only to vacate its own decision days later, again pausing the reporting requirements. The result is that reporting companies are not under obligation to report – for now – but this appeal is ongoing such that the duty to report could once again come into effect. Consult your lawyer and accountant for additional guidance and go to FinCEN.gov/boi for news alerts as the situation develops. ***** Note that the criteria for reporting companies overlaps quite closely with the profile of an independent oil and gas company as defined by the IPAA, citing the IRS Code (See IPAA.org). - - - - - This message is for informational purposes only and is not, nor is intended to be, legal advice. Contact your legal counsel and accountant for additional guidance and see FinCEN FAQs at FinCEN.gov/boi.

This Day in Legal History: Law of BurgosOn December 27, 1512, the Spanish Crown enacted the Laws of Burgos, marking one of the earliest attempts in European colonial history to regulate interactions between colonizers and indigenous peoples. These laws were implemented primarily in the Caribbean and aimed to address the mistreatment of indigenous populations following the Spanish conquests. They formalized the encomienda system, under which Spanish settlers were granted the right to indigenous labor in exchange for providing religious instruction and protection. The laws also sought to prevent outright abuse by prohibiting physical mistreatment and ensuring that indigenous people received basic sustenance and housing.The Laws of Burgos represented an acknowledgment of the moral and ethical issues raised by colonial expansion, partly influenced by the advocacy of figures like Dominican friar Antonio de Montesinos. However, their practical effectiveness was minimal. Enforcement mechanisms were weak, and colonial administrators often disregarded the rules. The encomienda system itself perpetuated exploitation, as it enabled settlers to maintain control over indigenous labor with little oversight.The laws mandated the conversion of indigenous peoples to Christianity, critics argue that this often served to further entrench colonial domination rather than protect cultural or spiritual rights. Over time, the failure of the Laws of Burgos to alleviate suffering led to further reforms, including the New Laws of 1542, which aimed to abolish the encomienda system altogether. The Laws of Burgos remain a significant moment in legal history for their attempt—however flawed—to impose moral constraints on imperial expansion.The Fifth Circuit Court of Appeals has reinstated a nationwide injunction against enforcing the Corporate Transparency Act (CTA), reversing a decision by a different panel of the same court just days earlier. The CTA, intended to combat money laundering, requires U.S. businesses formed before 2024 to disclose their beneficial owners by January 1, 2025. The law was challenged by Texas Top Cop Shop Inc., a firearms retailer, with representation from the Center for Individual Rights. A district court issued an injunction halting enforcement of the CTA on December 3.However, on December 23, the court's motions panel lifted the injunction, citing the government's strong likelihood of proving the CTA constitutional. This decision was overturned by a separate panel handling the case's merits, which reinstated the injunction to maintain the constitutional status quo until the appeal is fully resolved. The case, titled Texas Top Cop Shop v. Garland, underscores ongoing legal disputes over the balance between regulatory compliance and constitutional protections.If ever allowed to come into law, the CTA would mandate most U.S. entities, including corporations, LLCs, and similar structures, to report their beneficial owners—individuals who exercise substantial control or own at least 25% of the entity—to the Financial Crimes Enforcement Network (FinCEN). Exemptions apply to certain entities, such as large, publicly traded companies and those already subject to substantial federal oversight. The CTA's reporting requirements are designed to create a centralized registry of beneficial ownership information, accessible to law enforcement and regulatory agencies for investigative purposes. By implementing these measures, the CTA seeks to close gaps in corporate opacity and align U.S. practices with global anti-money laundering standards.Corporate Transparency Act Blocked by US Appeals Court AgainUS appeals court halts enforcement of anti-money laundering law | ReutersJudge Pauline Newman, the oldest active federal judge in the U.S., has accused the Federal Circuit of withholding documents related to her suspension to control the media narrative. In a filing with the U.S. Court of Appeals for the D.C. Circuit, Newman sought to unseal four documents she says highlight Chief Judge Kimberly Moore's and the Judicial Council's evolving demands for her medical records during their investigation into her fitness to serve. Newman argues that the documents, which include a gag order, do not contain sensitive information warranting secrecy and are critical to her due process claims. The Federal Circuit contends that sealing the documents is necessary to preserve fairness and protect broader procedural integrity, asserting that they will be released in due course. Newman, however, criticized the delays as unjustified, claiming they serve only to control public perception. She also alleged selective disclosures by the Judicial Council to favorably shape media coverage during the investigation. Represented by the New Civil Liberties Alliance, Newman continues to challenge her suspension, arguing that the D.C. Circuit has the authority to unseal the contested documents. The case underscores tensions over judicial transparency and due process rights.Newman Accuses Fed. Cir. of Concealing Files to Control MediaBioNTech has reached settlement agreements with the U.S. National Institutes of Health (NIH) and the University of Pennsylvania (Penn) over COVID-19 vaccine royalty disputes. The German company, partnered with Pfizer for vaccine production, will pay $791.5 million to the NIH and $467 million to Penn. Penn will dismiss its lawsuit, which alleged that BioNTech underpaid royalties for using mRNA technology developed by Nobel laureates at the university. Pfizer will reimburse BioNTech for portions of the payments: up to $170 million for Penn and $364.5 million for the NIH. The settlements include amendments to BioNTech's licensing agreements with both entities, committing to ongoing royalty payments as a low single-digit percentage of vaccine net sales. Additionally, they establish a framework for licensing the use of NIH and Penn patents in combination products. BioNTech stated that these settlements do not constitute an admission of liability.BioNTech enters settlement with US agency, UPenn over COVID vaccine royalties | ReutersThis week's closing theme is by Wolfgang Amadeus Mozart, one of the most celebrated composers of the Classical era, was a musical prodigy whose works remain timeless. Born in Salzburg in 1756, Mozart composed over 600 pieces, including symphonies, operas, chamber music, and sonatas, showcasing his unparalleled melodic genius and structural clarity. His works are renowned for their emotional depth and technical mastery, often blending elegance with playful innovation.Among his many compositions, the Piano Sonata No. 11 in A major, K. 331, holds a special place for its lyrical beauty. The first movement, Andante grazioso, is a theme with six variations that exemplifies Mozart's ingenuity in transforming a simple, graceful melody into a vibrant exploration of texture and expression. The movement's flowing lines and delicate ornamentation reflect Mozart's flair for creating music that is both technically demanding and deeply emotive.This sonata, likely composed around 1783, radiates a sense of intimacy and charm, making it a favorite in the piano repertoire. The Andante grazioso invites the listener into a world of serene elegance, embodying the Classical ideal of balance and refinement while hinting at the playful brilliance that defines much of Mozart's work. This week's closing theme reminds us of the enduring power of music to evoke beauty and joy through simplicity and artistry.Without further ado, Wolfgang Amadeus Mozart's Piano Sonata No. 11 in A major, K. 331, enjoy.  This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.minimumcomp.com/subscribe

This Podcast Is Episode 607, And It's About Managing Stress, Prioritizing Wellness, And Spreading Holiday Cheer The holiday season is usually filled with joy and celebration. Still, it can also bring significant stress for construction business owners. With project deadlines, year-end financial tasks, and the hustle and bustle of the festivities, it's easy to feel overwhelmed.    Here are some strategies to help you manage stress and prioritize your well-being during this busy time of year.   1. Set Realistic Goals   As project timelines draw near their conclusion, it can be tempting to push for everything to be finished before the holidays. However, setting realistic goals for yourself and your team is crucial. Prioritize tasks that must be completed and recognize that some projects may need to be deferred until the New Year. This will help reduce pressure and allow for a more balanced method as the holidays approach.   2. Embrace Time Management Techniques Effective time management can be your best ally during the holiday season. Use calendars and to-do lists to map out work obligations and personal commitments. Block out time for breaks and leisure activities to ensure you're not solely focused on work. Adopting methods like the Pomodoro Technique can help you maintain productivity while allowing necessary downtime. 3. Establish Boundaries As a business owner, it can be challenging to step away from work, especially when demands are high. However, establishing clear boundaries between work and personal life is essential for managing stress. Designate specific work times and communicate these to your team and clients. This will help prevent work from creeping into personal time, allowing you to engage in holiday activities fully. 4. Prioritize Wellness Physical and mental well-being should be a core part of your holiday strategy. Regular exercise can help reduce stress levels and increase energy even in short bursts. Make time for healthy meals and hydration, and don't skip your sleep! Incorporate self-care activities you enjoy, whether reading, meditating, or pursuing a hobby. A nourished body and mind will make you more resilient to stress. 5. Practice Gratitude Reflecting on what you're grateful for can shift your focus away from stressors and toward the positive aspects of your life and business. Whether it's your team's accomplishments this year or the support of family and friends, taking time to appreciate these can enhance your mood and outlook. 6. Involve Your Team Your team is your greatest asset, and involving them in holiday planning can foster a sense of camaraderie and make them feel valued. Involve them in decisions about project timelines and holiday work schedules. Celebrate your achievements together with a fun gathering, which can strengthen bonds and create a positive atmosphere as the year wraps up. 7. Seek Support If the holiday season feels particularly overwhelming, remember you're not alone. Don't hesitate to ask for support. Whether talking to a mentor, seeking advice from fellow business owners, or consulting a professional, sharing your challenges can lighten your emotional load and provide fresh perspectives. Spreading holiday cheer can significantly impact communities and individuals, and there are many ways a construction company like yours can step up to make a difference. By engaging in community service, you not only make a positive impact but also strengthen your connection with the community, fostering a sense of pride and belonging.  Here are some inspiring ways: 1. Community Service Projects: Organize volunteer days where employees come together to work on community improvement projects. This could include renovating local shelters, building playgrounds, or assisting in affordable housing projects, benefiting those in need.   2. Charitable Donations: You can donate some of your profits or resources to local charities and organizations supporting underprivileged families, homeless shelters, or food banks. This helps those in need and shows a commitment to community welfare.   3. Sponsoring Holiday Events: Sponsor local holiday events, such as parades, festivals, or tree-lighting ceremonies. Contributing financially or providing logistical support can create joyful experiences for young and old alike.   4. Toys and Clothing Drives: Organizing drives for toys, clothing, or food has become common among construction businesses. Employees can contribute these items, which are distributed to families struggling to make ends meet during the holidays.   5. Seasonal Parties for Families: Many companies host holiday parties or gatherings for employees and their families. These events help foster community and belonging while spreading holiday cheer through fun activities, food, and entertainment.   6. Employee Volunteer Programs: Encourage employees to take paid time off to volunteer for causes they are passionate about. This initiative promotes community service and strengthens employee engagement and morale.   7. Building for a Cause: Some companies have taken on projects specifically aimed at helping marginalized groups. For instance, constructing homes for needy families through partnerships with organizations like Habitat for Humanity showcases the industry's commitment to societal improvement.   8. Holiday Cards and Messages: To convey appreciation and warmth, send personalized holiday cards to clients, partners, and community members. Many construction companies also send messages celebrating their partners and the achievements shared throughout the year.   9. Support for Local Businesses: Support local businesses by sourcing materials locally or collaborating with them for holiday events. This will boost the local economy and foster a sense of community togetherness.   10. Promotion of Safety and Well-Being: During this festive season, you can organize workshops or webinars focused on safety and mental health. This will help employers prioritize their employees' well-being and ensure they return to work refreshed and ready for new challenges. Through these initiatives, you can spread holiday cheer and demonstrate your commitment to positively impacting your neighborhood. Engaging in meaningful activities strengthens relationships with clients, employees, and the community, making the season brighter for everyone. Conclusion Remember, while the construction industry is demanding, it's crucial to prioritize your mental and physical well-being, especially during the festive season. By implementing these strategies, you can manage stress more effectively and enjoy the holiday period with your loved ones. As we celebrate this festive season, let's take a moment to recognize the incredible efforts of everyone in the construction industry. Thank you for your commitment and craftsmanship. Wishing you and your team a joyful Christmas filled with love, laughter, and well-deserved rest. Your hard work and dedication have built not just structures but a strong community. May the New Year bring new projects and opportunities your way! IMPORTANT NOTICE: Recent changes to the Beneficial Ownership Information reporting requirements may affect your organization. Please thoroughly review these updates to comply with the latest regulations. Also, please pay attention to any deadlines and necessary documentation to maintain compliance. Starting January 1, 2024, many U.S. businesses must report information about their beneficial owners, i.e., those who own or control the company. Businesses must report Beneficial Ownership Information (BOI) to the Financial Crimes Enforcement Network (FinCEN), a U.S. Department of the Treasury bureau. The reporting, a requirement of the Corporate Transparency Act (CTA), aims to combat financial crime and corruption and must be completed by January 1, 2025. Key points about the update: Who needs to report: Any company formed or registered in the United States, including: Corporations Limited Liability Companies (LLCs) Limited Partnerships Certain trusts What information needs to be reported: This includes the legal name, date of birth, and address of each beneficial owner, as well as identifying information like a passport or driver's license number.  Filing deadline for existing businesses: Companies formed before January 1, 2024, must file their beneficial ownership information by January 1, 2025.  Filing deadline for new businesses: Companies formed in 2024 must file within 90 days of formation.  Where to file: Beneficial ownership information must be submitted electronically through FinCEN's BOI E-Filing website.  Potential consequences of non-compliance: Businesses that fail to comply with the beneficial ownership reporting requirements may face significant civil penalties and possible criminal charges.  Please go directly to the FinCEN website for more information and answers to Frequently Asked Questions. Keeping your records current is crucial for adhering to these new requirements. If you have any questions or need further clarification, please contact a legal expert specializing in compliance. We do not offer this service, but please feel free to contact me anytime when you need help with your construction bookkeeping, accounting, and business in general. Disclaimer: This notice is for informational purposes only and does not constitute legal advice. For specific guidance, please consult with an attorney familiar with the CTA and its regulations. About The Author: Sharie DeHart, QPA, is the co-founder of Business Consulting And Accounting in Lynnwood, Washington. She is the leading expert in managing outsourced construction bookkeeping and accounting services companies and cash management accounting for small construction companies across the USA. She encourages Contractors and Construction Company Owners to stay current on their tax obligations and offers insights on managing the remaining cash flow to operate and grow their construction company sales and profits so they can put more money in the bank. Call 1-800-361-1770 or sharie@fasteasyaccounting.com  

In this episode of "Profits with Pajak," we explore the Beneficial Ownership Information (BOI) filing mandated by the Corporate Transparency Act (CTA) and the recent federal court ruling that has halted its enforcement. We discuss the intended purpose of the BOI filing, the implications of the court's decision for small business owners Comments and Questions are welcome.  Send to ProfitswithPajak@gmail.com Episode Links: Apple Podcast Listeners- Copy and paste the links below into your browser. Upcoming Events: Lawn Care Life Conference Get ready for an event that will energize and inspire your lawn care business—it's the Lawn Care Life Conference, happening February 21-22, 2025, at the stunning Mathews Manor in Springville, Alabama! This two-day experience brings together the industry's brightest minds, including Brandon Gray, Andy Mulder, Allyn Hane, Jason Creel, and Paul Jamison. Whether you're looking to sharpen your marketing, master pricing, or scale your operations, you'll walk away with practical strategies and fresh ideas to fuel your success. From hands-on equipment demos to exclusive giveaways, and countless opportunities to connect with other passionate professionals, this is more than a conference—it's an experience. Want to elevate your day? VIP tickets include perks like priority seating, professional headshots, and exclusive merchandise. Seats are limited, so grab your ticket now at lawncarelife.com and be part of something extraordinary! https://www.lawncarelife.com/conference   Training and Courses FREE copy of “60 Profit Producing Ideas To Make It Rain For Your Business" Get instant access to 60 profit producing ideas you can implement immediately to get more customers buying more often at higher prices. Free for a limited time... https://app.warplan.com/60ppi/pajak   Budgets, Breakevens, and Bottom Lines™ Workshop John Pajak's exclusive system is designed to help you avoid common failures and achieve your business' financial goals to be profitable and scale your business. https://www.johnpajak.com/offers/qvgvV8m3/checkout   Yardbook Training Workshops Learn one-on-one with John Pajak to use Yardbook like a pro to streamline your business and make more money! https://www.johnpajak.com/offers/aJ9YX7aB/checkout   Show Partners: Yardbook Simplify your business and be more profitable.  Please visit www.Yardbook.com  Get 30 days of Premium Business level of Yardbook for FREE with promo code PAJAK Mr. Producer Click the link to connect with Thee Best Podcast Producer in the biz! https://www.instagram.com/mrproducerusa/ Green Frog Web Design Get your first month for only $1 when you use code, PAJAK , and have your website LIVE in 3 weeks from projected start date or it's FREE for a year. https://www.greenfrogwebdesign.com/johnpajak My Service Area “Qualify Leads Based on Your Profitable Service Area.” Click on this link for an exclusive offer for being a “Profits with Pajak” listener. https://myservicearea.com/pajak   The Hardscape Academy In-Person Training Learn step-by-step with Caleb and Brittany Auman and their team of Master Hardscape Professionals at the legendary Auman HQ.  You'll get two days of instruction in a small group setting from industry experts. Training will cover how to install pavers, how to install retaining walls, basic budgeting, paver patio estimation, cutting curves, and more! Get hands-on experience for you or your crew and ascend to new levels of production.  SAVE 10% when you use promo code PAJAK! https://www.thehardscapeacademy.com/in-person-training

This Podcast Is Episode 606, And It's About Construction Business Review - What Went Right Or Wrong This Year he construction industry is dynamic and challenging, and a business's success or failure can hinge on various factors. As we approach the end of another year, it's essential to take a step back and assess your company's successes and challenges.    Contracting is notorious for its complexities and ever-changing landscape. It is crucial to evaluate what worked well, what didn't, and what lessons we can carry into the following year. These are my key takeaways from phone chats and emails with our clients, industry friends, and followers. Use this as a template - remove, add, and reflect on this list to hold yourself accountable for what you can improve.   What Went Right   1. Embracing Technology   Your commitment to technology was one of the most significant positive shifts this year. Implementing various project management software has streamlined your processes and improved team communication. This investment increased efficiency and enhanced collaboration, allowing you to meet deadlines consistently.   2. Strong Client Relationships   Focusing on building strong relationships with your clients pays off tremendously. Most of you have secured several repeat contracts by maintaining open lines of communication and prioritizing customer service. Satisfied clients shared positive reviews, which helped you to attract new business through referrals. This year, we learned that transparency and trust are invaluable in fostering long-term partnerships.   3. Financial Management Improvements   We made a conscious effort to improve your financial planning and management. Developing a more robust budgeting system and closely monitoring cash flow allowed you to navigate unpredictable economic fluctuations more effectively. This proactive approach has prepared you to make better-informed decisions moving forward.   4. Commitment to Sustainability   As clients increasingly value sustainability, you have embraced eco-friendly construction practices. By incorporating green building methods and materials into your projects, you have met client demands and differentiated yourself from competitors.    5. Continuous Learning and Training    We are proud of our Construction Accounting Academy students and the contractors who took their certifications and licenses. Encouraging ongoing employee education and training ensures that you and your team remain adaptable and knowledgeable about industry trends and practices. A skilled workforce is pivotal to delivering high-quality work.   What (Mostly) Went Wrong   1. Labor Shortages   Despite the successes, there are significant setbacks due to the ongoing skilled labor shortage in the construction industry. Attracting and retaining talented tradespeople proved challenging, leading to project delays and impacting quality. This highlighted the need for better recruitment strategies and a stronger focus on employee retention.   2. Inadequate Project Planning   Project planning sometimes fell short, leading to cost overruns and missed deadlines. Although you made strides in overall project management, you learned the hard way that comprehensive planning, including risk assessments and resource allocation, is vital for successful project execution.   3. Neglecting Marketing Efforts   While most excelled in many areas, some of your marketing strategies took a backseat this year. You missed potential project opportunities without an effective online presence and outreach efforts. This experience underscored the importance of prioritizing marketing and business development in a competitive landscape.   4. Safety Compliance Issues    Although you have generally maintained a safe work environment, you've encountered a few instances of oversight regarding safety regulations. These moments served as crucial reminders of the importance of strict compliance. It is necessary to review safety training protocols to prevent any future incidents.   5. Bookkeeping   Neglecting bookkeeping in your construction business can lead to significant challenges that may hinder your overall success. Accurate financial management is crucial in this industry, and overlooking bookkeeping tasks can have far-reaching consequences. Particularly with your cash flow -inconsistent tracking of income and expenses can result in shortages and tax issues - paying penalties or fines that could even attract attention from tax authorities due to discrepancies.   Poor practices can also lead to disputes over unpaid invoices or discrepancies with subcontractors and suppliers, damaging relationships crucial to your business.   As construction bookkeepers and accounting specialists, our contributions extend beyond simply recording transactions. By implementing efficient bookkeeping practices, we play a crucial role in shaping your construction business's financial stability and growth. Regular reviews and updates of financial practices can help your company adapt to challenges, seize opportunities, and ultimately thrive in the competitive construction landscape.    Moving Forward   Reflecting on the year provides valuable insights into your strengths and weaknesses. You can enhance your operations by building on your successes—embracing technology and fostering strong client relationships. Simultaneously, addressing the areas where you fell short, such as improving labor recruitment and ensuring relentless project planning and bookkeeping, will be critical in your growth strategy for the coming year.   As we look forward to the new year, let's harness the lessons learned and strive for continuous improvement. The construction industry poses challenges, but with a proactive mindset and determination, we can navigate its complexities and position our business for more tremendous success in 2025. Here's to building a brighter future together! IMPORTANT NOTICE: Recent changes to the Beneficial Ownership Information reporting requirements may affect your organization. Please thoroughly review these updates to comply with the latest regulations. Also, please pay attention to any deadlines and necessary documentation to maintain compliance. Starting January 1, 2024, many U.S. businesses must report information about their beneficial owners, i.e., those who own or control the company. Businesses must report Beneficial Ownership Information (BOI) to the Financial Crimes Enforcement Network (FinCEN), a U.S. Department of the Treasury bureau. The reporting, a requirement of the Corporate Transparency Act (CTA), aims to combat financial crime and corruption and must be completed by January 1, 2025. Key points about the update: Who needs to report: Any company formed or registered in the United States, including: Corporations Limited Liability Companies (LLCs) Limited Partnerships Certain trusts What information needs to be reported: This includes the legal name, date of birth, and address of each beneficial owner, as well as identifying information like a passport or driver's license number.  Filing deadline for existing businesses: Companies formed before January 1, 2024, must file their beneficial ownership information by January 1, 2025.  Filing deadline for new businesses: Companies formed in 2024 must file within 90 days of formation.  Where to file: Beneficial ownership information must be submitted electronically through FinCEN's BOI E-Filing website.  Potential consequences of non-compliance: Businesses that fail to comply with the beneficial ownership reporting requirements may face significant civil penalties and possible criminal charges.  Please go directly to the FinCEN website for more information and answers to Frequently Asked Questions. Keeping your records current is crucial for adhering to these new requirements. If you have any questions or need further clarification, please contact a legal expert specializing in compliance. We do not offer this service, but please feel free to contact me anytime when you need help with your construction bookkeeping, accounting, and business in general. Disclaimer: This notice is for informational purposes only and does not constitute legal advice. For specific guidance, please consult with an attorney familiar with the CTA and its regulations. About The Author: Sharie DeHart, QPA, is the co-founder of Business Consulting And Accounting in Lynnwood, Washington. She is the leading expert in managing outsourced construction bookkeeping and accounting services companies and cash management accounting for small construction companies across the USA. She encourages Contractors and Construction Company Owners to stay current on their tax obligations and offers insights on managing the remaining cash flow to operate and grow their construction company sales and profits so they can put more money in the bank. Call 1-800-361-1770 or sharie@fasteasyaccounting.com

DISCLAIMER: This episode was originally scheduled to air on December 5, 2024, but legal developments and a busy week caused some last-minute delays. After months of postponing this topic due to ongoing legal uncertainties, I felt it was finally time to address the Corporate Transparency Act (CTA) and the BOI (Beneficial Ownership Information) requirement—a regulation many small business owners may not even be aware of. However, just as this episode was set to publish, a U.S. District Court in Texas issued an injunction, putting the CTA on hold again. This legal limbo means the requirement could still go into effect in January 2025, but for now, we're in a holding pattern. I'm sharing this episode to inform you about the potential impacts of the CTA on small businesses, with the understanding that its future is uncertain. Listen in to learn more, and stay tuned for updates as they unfold. Here are the show notes for the original episode I recorded. For show notes, including links to helpful resources and the filing guide, visit www.savvyshopkeeper.com/episode236.  Kathy Cruz is an Independent Retail Coach who helps store owners work smarter, profit more, and grow their brick and mortar businesses. Connect with Kathy and learn more here: Website: Retail Business Coach For Brick & Mortar Store Owners • Savvy Shopkeeper Instagram: @savvyshopkeeper Mastermind Group: Master Shopkeepers

Small businesses nationwide just scored a major win! In this episode, we break down the recent court decision blocking the Corporate Transparency Act's invasive reporting requirements. Learn how this landmark ruling protects the rights and privacy of small business owners and what it means for entrepreneurs navigating burdensome regulations.    WHAT YOU'LL LEARN FROM THIS EPISODE   The unconstitutionality of the Corporate Transparency Act (CTA) and its impact on small businesses How the NFIB and other organizations successfully halted BOI reporting requirements nationwide The importance of advocating for small business rights and challenging harmful regulations Practical takeaways on how to navigate burdensome government overreach Why celebrating small wins is crucial for morale and momentum RESOURCES MENTIONED IN THIS EPISODE NFIB Texas Top Cop Shop Datacomm Libertarian Party of Mississippi CONNECT WITH US: If you need help with anything in real estate, please email invest@rpcinvest.com  Reach Ron: RP Capital Leave podcast reviews and topic suggestions: iTunes Subscribe and get additional info: Get Real Estate Success Facebook Group: Cash Flow Property Facebook Community Instagram: @ronphillips_ YouTube: RpCapital Get the latest trends and insights: RP Capital Newsletter  

This episode of AgNet NewsHour focuses on recent developments regarding the Corporate Transparency Act (CTA). Hosts Sabrina Halvorson and Lorrie Boyer discuss a recent Texas court ruling that issued an injunction, pausing the enforcement of the CTA, which requires businesses to disclose beneficial ownership information. Statements from key agricultural organizations, such as the American Farm Bureau Federation and the National Cattlemen's Beef Association, are shared, expressing concerns over the constitutionality and implications of the Act. The discussion also delves into broader questions around business privacy versus public right-to-know, and the potential complexities if court rulings on the Act conflict.  Sabrina interviews Dr. Meg Schaeffer, an epidemiologist and the National Public Health Advisor for the SAS Institute. They discuss the recent USDA federal order regarding raw milk and its connection to avian influenza. With the emergence of H5N1 in California's raw milk samples, the USDA mandates nationwide raw milk testing to ensure food safety. Dr. Schaefer explains the significance and risks of the avian influenza virus, its impact on agriculture and public health, and the importance of pasteurization. Dr. Schaeffer addresses misconceptions about raw milk, its safety concerns, and calls for a temporary pause in raw milk consumption. The conversation emphasizes the collaborative effort needed among producers and government agencies to control the outbreak and prevent potential pandemic scenarios. Lorrie talks with Isaiah Kisica from the University of California Davis to discuss his research on groundwater nitrates in California. Isaiah, a professor specializing in land, air, and water resources, elaborates on his work focused on optimizing water management in agricultural systems to minimize environmental impacts. The conversation delves into his study, part of the USDA SEAP project, monitoring water quality in critical watersheds, specifically the Central Valley aquifer system. The study employs cutting-edge technology, including a VEDOS zone monitoring system, to track nitrate migration, revealing that nitrates can reach groundwater in as few as 10 days under specific climatic conditions. Isaiah discusses the implications of his findings for growers and water managers, highlighting advanced techniques, like high-frequency fertigation, and sensor development for real-time soil nitrate measurement. He also addresses the role of agricultural fertilizers in nitrate presence and the validation of regulatory models for groundwater protection.

Breaking News: a federal court ruling temporarily blocks the enforcement of the Corporate Transparency Act (CTA). The CTA requires companies, including LLCs, to disclose their beneficial owners to the U.S. Treasury Department. Host, Kathy Fettke, explains what this court decision means for real estate investors, especially regarding privacy, CTA compliance risk, and business structures.     (00:00) Breaking News! (00:30) Temporary Halt on Corporate Transparency Act (01:51) Why Real Estate Investors Should Care   Links:   JOIN RealWealth® FOR FREE https://realty.realwealth.com/join-now/   FOLLOW OUR PODCASTS The Real Wealth Show: Real Estate Investing Podcast https://tinyurl.com/RWSsubscribe Real Estate News: Real Estate Investing Podcast: https://tinyurl.com/RENsubscribe     Source: https://www.foley.com/insights/publications/2024/12/federal-court-enjoins-government-enforcing-corporate-transparency-act/

This Podcast Is Episode 605, And It's About The Power Of Accurate Job Costing In Your Construction Business Have you ever wondered how successful construction companies accurately price custom projects? The secret is in a method called Job Costing. For small business owners like you, understanding this process could be the key to increasing your profitability and ensuring that every job is priced right.    Welcome to a world where every material, labor, and overhead cost is meticulously tracked to unveil the actual cost of doing business. Let's explore Job Costing, how it works, and how you can leverage it to enhance profitability.   Understanding Job Costing   Job Costing is a way to assign costs to specific jobs or projects. Unlike methods that evenly spread costs, this approach focuses on the details—tracking materials, labor, and overhead for each job. This makes it especially useful for businesses handling custom projects, particularly construction services like remodeling or home building.   Key Concepts The key elements of job order costing are direct materials, direct work, and overhead. Direct materials are raw materials used in a project, while direct work involves workers' wages directly tied to the project. Overhead encompasses indirect costs like rent and utilities. Understanding these terms helps you track and allocate expenses accurately. How Job Costing Works The process begins by defining the job and assigning it a unique identifier. This helps track all related costs. Next, businesses document materials used, calculate labor costs and apply overhead based on a predetermined rate. Finally, all these costs are summed to determine the total job cost. Imagine a custom furniture maker tasked with creating a bespoke dining table. The direct materials are wood and varnish, while direct work (staffing) includes the carpenter's hours. Overhead might consist of electricity used during production. The business can accurately price the table by calculating each element, ensuring profitability. Benefits Accuracy Job Costing is all about precision. It helps you avoid guessing and gives you confidence that your prices cover your expenses and help you stay profitable. This accuracy lets you set competitive prices and maintain a healthy bottom line. Bespoke design Job Costing is a game-changer for businesses that handle bespoke orders. It allows for detailed cost breakdowns, ensuring each price reflects the actual cost of the custom work. This tailored approach keeps businesses competitive and fair. Decision making Understanding the actual cost of each job means making more intelligent decisions. It helps budget, forecast expenses, and identify the most profitable projects. This insight leads to better project selection and pricing strategies. With job order costing, businesses can confidently make informed decisions that positively impact their bottom line. Challenges and Solutions Common challenges Implementing Job Costing involves challenges such as accurate tracking, complex record-keeping, and time consumption. Overhead allocation poses another difficulty, requiring careful consideration to ensure fairness. You can use strong tracking systems and conduct regular checks to address these challenges. Teaching employees how to manage job order costs well and using software to automate tasks are also helpful. Real-world examples Consider a construction company like yours that uses Job Costs to build custom homes. By tracking each material and each labor, they ensure prices reflect actual costs, enhancing profitability. Lessons learned These examples show the importance of detailed cost tracking. Accurate records enable businesses to set appropriate prices and understand profitability. By reviewing these insights, companies can make informed decisions that boost their bottom line. Implementing Job Costing in Your Construction Business To start using job order costing: Define your jobs clearly and use unique identifiers for tracking. Document all materials and person-hours involved, calculating total costs accurately. Begin with small projects to refine your process. Better practices This includes regular audits to ensure accuracy, using technology to streamline processes, and training staff thoroughly. Much better: Hire or Outsource a Construction Bookkeeper/Accountant. A material receipt can be coded to any of a dozen or more accounts or item codes depending on whether it is a direct cost, indirect cost, Work-In-Progress, retention, warranty, overhead, administrative, or other expense. Putting costs in the wrong place can be disastrous, like baking a cake and putting in a cup of salt instead of sugar because they both look the same. Construction accountants think holistically because Job Costing Reports differ from Profit and Loss reports. Job costing reports hardly match any financial reports because economic reports are accumulated vertically, while Job Costing Reports are accumulated horizontally. Conclusion Understanding costs is paramount in business. Job Costing is a systematic way to price custom projects in your Construction Business, ensuring profitability and competitiveness. While challenges exist, they are surmountable with the right strategies and tools. Job Costing could be the key to unlocking hidden profits in your business. Should you need guidance, feel free to reach out. We'll be happy to assist you. IMPORTANT NOTICE: Recent changes to the Beneficial Ownership Information reporting requirements may affect your organization. Please thoroughly review these updates to comply with the latest regulations. Also, please pay attention to any deadlines and necessary documentation to maintain compliance. Starting January 1, 2024, many U.S. businesses must report information about their beneficial owners, i.e., those who own or control the company. Businesses must report Beneficial Ownership Information (BOI) to the Financial Crimes Enforcement Network (FinCEN), a U.S. Department of the Treasury bureau. The reporting, a requirement of the Corporate Transparency Act (CTA), aims to combat financial crime and corruption and must be completed by January 1, 2025. Key points about the update: Who needs to report: Any company formed or registered in the United States, including: Corporations Limited Liability Companies (LLCs) Limited Partnerships Certain trusts What information needs to be reported: This includes the legal name, date of birth, and address of each beneficial owner, as well as identifying information like a passport or driver's license number.  Filing deadline for existing businesses: Companies formed before January 1, 2024, must file their beneficial ownership information by January 1, 2025.  Filing deadline for new businesses: Companies formed in 2024 must file within 90 days of formation.  Where to file: Beneficial ownership information must be submitted electronically through FinCEN's BOI E-Filing website.  Potential consequences of non-compliance: Businesses that fail to comply with the beneficial ownership reporting requirements may face significant civil penalties and possible criminal charges.  Please go directly to the FinCEN website for more information and answers to Frequently Asked Questions. Keeping your records current is crucial for adhering to these new requirements. If you have any questions or need further clarification, please contact a legal expert specializing in compliance. We do not offer this service, but please feel free to contact me anytime when you need help with your construction bookkeeping, accounting, and business in general. Disclaimer: This notice is for informational purposes only and does not constitute legal advice. For specific guidance, please consult with an attorney familiar with the CTA and its regulations. About The Author: Sharie DeHart, QPA, is the co-founder of Business Consulting And Accounting in Lynnwood, Washington. She is the leading expert in managing outsourced construction bookkeeping and accounting services companies and cash management accounting for small construction companies across the USA. She encourages Contractors and Construction Company Owners to stay current on their tax obligations and offers insights on managing the remaining cash flow to operate and grow their construction company sales and profits so they can put more money in the bank. Call 1-800-361-1770 or sharie@fasteasyaccounting.com

In this episode, we're diving into the latest legal drama surrounding the Corporate Transparency Act (CTA). A federal judge in Texas has temporarily blocked this law, which would have required U.S. businesses to report detailed information about their stakeholders to the government. What does this mean for business owners? Is this a win for small businesses or just a delay in the inevitable? We'll break down the law, the court's decision, and what might happen next—all in plain English.  If you're thinking, "I love the Big Picture Retirement podcast!” please consider rating and reviewing this show! This helps us support more people -- just like you -- move toward a confident retirement. Just scroll down to the “ratings and reviews” section, tap to rate with five stars, and select “Write a Review.” Then be sure to let us know what you loved most about the episode! Also, if you haven't done so already, follow the podcast. We add new content every week, and if you're not following, you'll likely miss out. Follow now!  Don't miss the Big Picture Retirement Planning Cheat Sheet. We've distilled the essential brackets, thresholds, and rules of retirement into an easy-to-digest, three-page summary. https://www.carrolladvisory.com/pl/2148282517  Want to ask Devin or John your question? Just visit https://www.bigpictureretirement.com/ and click on the “Ask A Question” menu selection.  Although this show does not provide specific tax, legal, or financial advice, you can engage Devin or John through their individual firms.  Contact Devin's team at https://www.carrolladvisory.com/  Contact John's team at https://www.rossandshoalmire.com/   

Grant Teeple is the Founder and Senior Partner of Teeple Hall, LLP, a full-service commercial law firm. He oversees the firm's Litigation Group and participates in the Corporate & Transactional Group's Mergers & Acquisitions Practice Area. Before founding Teeple Hall in 1992, Grant worked as a civil litigation defense attorney and has litigated complex, multi-jurisdictional matters in business litigation, intellectual property disputes, fraud cases, real property disputes, and entitlement matters. He has also handled numerous acquisitions and company sales in sell-side and buy-side transactions exceeding $100 million.  In this episode… As business owners engage in M&A transactions, a crucial piece of legislation threatens steep fines and — in extreme cases — jail time for those who fail to comply. What new federal regulations must businesses navigate during the M&A process? After the Anti-Money Laundering Act of 2020, Congress passed the Corporate Transparency Act (CTA), requiring businesses to disclose information about their owners and controllers to the Financial Crimes Enforcement Network (FinCEN). The law applies to any LLC or corporation and includes operators like CPAs, lawyers, and bankers. If you fail to comply or provide FinCEN with inaccurate or outdated information, you may be charged $500 for each day of non-compliance. Corporate M&A and compliance expert Grant Teeple recommends hiring an attorney to help you update ownership information regularly, maintaining compliance while ensuring privacy through attorney-client privilege.  In this episode of Destination Business Freedom, Pat Mancuso welcomes Grant Teeple, the Founder and Senior Partner of Teeple Hall, LLP, to discuss compliance regulations for M&A transactions. Grant also talks about common mistakes buyers and sellers make during the M&A process, how to involve an attorney in business sales, and how to navigate due diligence.

This Day in Legal History: Alcohol Control Administration CreatedOn December 4, 1933, President Franklin D. Roosevelt established the Federal Alcohol Control Administration (FACA) by executive order, a pivotal moment in the transition away from Prohibition. This action came under the National Industrial Recovery Act, as part of Roosevelt's broader New Deal agenda aimed at economic recovery. FACA was designed to regulate the burgeoning alcohol industry, which was reemerging after years of prohibition, ensuring it operated within fair competition guidelines. The administration focused on creating voluntary codes for brewers, distillers, and wineries to prevent monopolistic practices and maintain equitable market conditions.FACA's creation coincided with the formal repeal of Prohibition under the 21st Amendment, which took effect later that month. However, the agency's lifespan was short-lived. By August 1935, it was replaced by the Federal Alcohol Administration (FAA) through new legislation. The FAA consolidated alcohol regulation within the Treasury Department, laying the groundwork for modern alcohol oversight. Today, the Alcohol and Tobacco Tax and Trade Bureau (TTB), a successor to the Bureau of Alcohol, Tobacco, and Firearms (ATF), continues to fulfill the regulatory role first envisioned by FACA. The establishment and swift evolution of alcohol regulation reflect the complexities of ending Prohibition and integrating alcohol back into the economy under federal oversight.A federal judge in California dismissed Hunter Biden's tax case but criticized the presidential pardon issued by President Joe Biden. Judge Mark C. Scarsi expressed skepticism about the validity of the pardon, noting that it was supported only by a press release and could be interpreted as covering actions beyond its signing date. He questioned the argument that the charges against Hunter were politically motivated, highlighting that the investigation was conducted under the supervision of the President's own Department of Justice.The judge also pointed out inconsistencies in statements by the President, who claimed his son was treated unfairly compared to others with similar tax issues. However, Hunter Biden had admitted to evading taxes while sober, contrary to claims of addiction-related leniency. Despite these critiques, Scarsi determined that the part of the pardon covering Hunter's past conduct required dismissal of the charges in his Los Angeles tax case. The case underscores the legal and political complexities surrounding Hunter Biden's prosecution and the implications of presidential pardons.Judge Slams Hunter Biden Pardon but Tosses California Tax CaseCoinbase CEO Brian Armstrong issued a warning to law firms that hiring former government officials involved in crypto enforcement could result in losing Coinbase as a client. In a Dec. 2 post, Armstrong criticized Milbank LLP for hiring Gurbir Grewal, the former SEC enforcement director who led numerous actions against crypto companies, including Coinbase. Armstrong called this move a mistake, stating Coinbase would never work with Milbank as long as Grewal was there.Paul Grewal, Coinbase's general counsel, supported Armstrong's stance, emphasizing the importance of holding former government lawyers accountable for their actions while in office. He hoped the statement would spark a broader conversation about the “revolving door” between Washington and private law firms. Armstrong's post aims to influence firms not yet on Coinbase's roster to consider the implications of their hiring choices. At a legal panel, Gurbir Grewal defended his actions at the SEC, denying any bias against the crypto industry but acknowledging frustrations with the agency's strict enforcement. Legal experts noted that public ultimatums like Armstrong's are rare, though private client concerns about hiring conflicts are common. Coinbase continues to navigate regulatory tensions, having been charged by the SEC in June 2023 for operating without proper registration and filing its own legal challenges against the agency.Coinbase CEO Threatens Law Firms Over Government Hires (1)A federal court in Texas has issued a nationwide preliminary injunction blocking the Corporate Transparency Act (CTA), which requires U.S. businesses to report their beneficial owners to the Treasury Department. Judge Amos L. Mazzant III ruled in favor of the plaintiffs, including a firearms retailer and the Libertarian Party of Mississippi, who argued that the law exceeded Congress's constitutional authority under the Commerce Clause by targeting all incorporated entities, even those not engaged in commercial activity.The CTA aimed to combat anonymous shell companies and deter financial crimes like money laundering and terrorism financing. However, Judge Mazzant criticized the law as a "quasi-Orwellian statute" that oversteps constitutional limits, asserting that Congress cannot mandate such disclosures solely for law enforcement purposes. He emphasized that the act does not directly regulate commerce, undermining its constitutional basis.The injunction affects an estimated 32.6 million businesses required to comply by 2025. The Justice Department has not yet commented on the ruling. The plaintiffs were represented by S|L Law PLLC and the Center for Individual Rights in the case Texas Top Cop Shop, Inc. v. Garland.Corporate Transparency Act Blocked Nationwide by Texas CourtThe U.S. Supreme Court will hear a pivotal case on the rights of transgender minors, focusing on a Tennessee law that prohibits gender-affirming medical care such as puberty blockers and hormone therapy for those under 18. The Biden administration argues that the law violates the 14th Amendment's equal protection clause by discriminating based on sex and transgender status. This case represents a critical examination of individual rights and the role of government in regulating personal healthcare decisions.Tennessee defends the law as a measure to protect minors from what it calls "risky and unproven" medical treatments, citing international debates and instances of treatment regret. However, major medical associations counter that gender-affirming care is effective and can be life-saving for individuals experiencing gender dysphoria, which is linked to higher suicide rates if untreated.The law has significant consequences for families like that of plaintiff Brian Williams, whose 16-year-old transgender child depends on this care to thrive. Advocates, including the American Civil Liberties Union and Lambda Legal, argue that the law unjustly targets vulnerable youth, while Tennessee officials claim it safeguards children.The Supreme Court, which has a 6-3 conservative majority, will decide on the legality of this ban by June. This decision could set a precedent for similar laws in 23 other states, highlighting critical questions about equality and healthcare access for transgender individuals.US Supreme Court set to hear major transgender rights case | Reuters This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.minimumcomp.com/subscribe

The Corporate Transparency Act (CTA), passed on a bipartisan basis in 2021, introduces new federal reporting requirements aimed at improving corporate transparency and combating illegal financial activities. The reporting requirements will impact most small business owners and investors who own or have substantial control over a business entity such as an LLC or corporation. In this podcast, we provide a brief overview of why the CTA was considered necessary and how individuals can ensure they are compliant with the requirements in order to avoid the severe penalties for those who fail to file the necessary information. If you are interested in learning more about the CTA and the reporting requirements, we think you'll enjoy this month's episode. Thanks for listening! For more details on who needs to file and how to file we recommend that you check out our blog post covering the same topic at https://pw-wm.com/learn/tax-planning/the-corporate-transparency-act-for-small-business-owners/

If there is only one thing you take away from the show this year, make it this one: Comply with the CTA. The Corporate Transparency Act (“CTA”) is one of the scariest legislative actions in the history of the United States, effectively turning tens of millions of Americans into felons on January 1, 2025 unless they somehow learn about the reporting requirements of this new law and get a lawyer to file a form with the U.S. Treasury by January 1, showing the details of their small business operations. Billed as an anti-money laundering law, the CTA requires disclosure of the details of your LLC, S Corporation, HOA, etc., to FINCEN - which might not seem like such a big deal until you learn that failure to do so could result in over $500 in daily fines and two years in prison!! Surveys show that a very small percentage of small business owners know about this new law, which appears to be a trap by which the government can ensnare and gain leverage over the small business community. Surely the newly elected federal legislature will reverse this law, but until it does, you are on the line whether you operate a mom-and-pop oil company or a hair salon. Call your lawyer NOW. See NSBAAdvocate.org/CTA for more information. Follow Jacki: X: @JackiDailyHost TruthSocial: JackiDaily Rumble: TheJackiDailyShow YouTube: TheJackiDailyShow Instagram: JackiDaily Facebook: The Jacki Daily Show

Welcome to the award-winning FCPA Compliance Report, the longest-running podcast in compliance. In this edition, Tom Fox welcomes Frank Tumminello for an in-depth discussion on the Corporate Transparency Act (CTA) and its business implications. They delve into the reasons behind the CTA, a law established under the Anti-Money Laundering Act of 2020, and its importance in enhancing transparency and preventing criminal activities like tax evasion and money laundering. Despite being in effect for nearly a year, there needs to be more awareness, with only 15% of the 40 million affected companies having complied. Frank explains the Beneficial Ownership Information (BOI) report, its requirements, and the challenges businesses might face in staying compliant. They also touch upon the misconceptions and legal difficulties surrounding the CTA, as well as the efforts of FinCEN to facilitate compliance, including the potential for extended deadlines in hurricane-affected FEMA zones. Lastly, Frank introduces ‘File Forms,' a platform designed to streamline BOI reporting, highlighting its features, success stories, and support to businesses navigating these new requirements. Highlights in this episode: Overview of the Corporate Transparency Act Purpose and Misconceptions of the CTA Beneficial Ownership Information Reporting Constitutionality and Legal Challenges FinCEN Updates and Compliance Efforts File Forms: Features and Benefits   Resources: Frank Tumminello on LinkedIn FileForms Tom Fox Instagram Facebook YouTube Twitter LinkedIn For more information on the Ethico Toolkit for Middle Managers, available at no charge, click here. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode, Thomas and Ryan are joined by Heather and Isaac from FinCEN Filing Agents to dive deep into the 2024 Corporate Transparency Act (CTA) and what it means for real estate investors and small business owners. They cover: - An overview of the Corporate Transparency Act - Key reporting requirements for LLCs and other entities - The penalties for non-compliance - Insights into exemptions, reporting updates, and the timeline for new and existing entities - Strategies for streamlining the filing process - Privacy concerns and how your information is safeguarded when filing under the CTA File your BOI Reports Today: https://tinyurl.com/Brandon-Hall To become a client, request a consultation from Hall CPA, PLLC at go.therealestatecpa.com/3KSEev6 Register for the Year-End Tax Impact Event: go.therealestatecpa.com/3zVWP7E Join the Tax Smart Insiders Community: go.therealestatecpa.com/3Xx1Cpd Checkout Thomas's new YouTube channel: www.youtube.com/@thomascastelli The Tax Smart Real Estate Investors podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax advice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests.

Send us a textJames Walsh Explains what Beneficial Ownership Information (BOI) is and how important it is to file before the 12/31/24 deadline. If you own a business in the United States do not delay and file today with link below.James has created a website to help you with filing your BOIhttps://boifilings.com/Filing your Beneficial Ownership Information (BOI) before December 31, 2024, is essential due to compliance requirements set by the Corporate Transparency Act (CTA), which is enforced by the Financial Crimes Enforcement Network (FinCEN). Here's why you need to file before this deadline:1. New Reporting Requirements under the Corporate Transparency Act (CTA)The CTA was enacted to increase transparency in corporate ownership and prevent illicit activities like money laundering, tax evasion, and fraud. The act requires most U.S. corporations, LLCs, and similar entities to report their beneficial owners to FinCEN. A beneficial owner is any individual who directly or indirectly exercises substantial control over the company or owns at least 25% of its ownership interests.2. Deadlines for FilingExisting Entities (Formed before January 1, 2024): Must file their BOI report by December 31, 2024.New Entities (Formed on or after January 1, 2024): Must file within 30 days of formation or registration.This means if your business was established before 2024, you need to submit your BOI report by the end of 2024. For newer entities, the filing must occur within a month of their establishment.3. Avoiding PenaltiesFailure to file your BOI on time can result in severe penalties, including:Fines: Up to $500 per day for non-compliance.Criminal Penalties: In some cases, failure to report can lead to criminal charges, with fines up to $10,000 and even imprisonment.Support the showListener Feedback Is Always Welcome and Appreciated.Is there a particular topic I have not covered on the show that you want to hear?You can become a supporter of the show by clicking this link below, become a supporter and get a shout out on the next podcast episode.https://www.buzzsprout.com/1838062/supportPlease feel free to email me what type of topics you are interested in as well as any other tips to improve your listening experience. john@homeinspectionauthority.comCheck out My Shopify Store: Coffee Mugs, Tote bags, T-Shirtshttps://homeinspectionauthority.myshopify.com/products/black-glossy-podcast-mug?variant=44158131175643

This episode of the Private Company Strategies podcast is the first of our series, From Start-Up to Stand-Out. Hosts Adam Diederich, Berin S. Romagnolo, and Sara Rosenberg discuss the essential legal considerations for starting a business in the United States. They cover topics such as the importance of forming a legal entity, the various types of entities available, tax implications, the significance of ownership agreements, and the necessity of hiring professional support. The conversation also touches on the Corporate Transparency Act (CTA) and its requirements for new businesses.

In a riveting conversation with Peter Mcilvenna of the UK's Hearts of Oak, we describe what may be the most aggressive US domestic surveillance program since the Patriot Act – and its disturbing connection to a global censorship agenda. The story that emerges isn't just about US regulation; it's about the systematic and coordinated dismantling of economic and expressive freedoms on both sides of the Atlantic. The New American Surveillance State Remember Reagan's famous warning that the nine most terrifying words were "I'm from the government and I'm here to help"? Today's version might be: "I'm from the federal government, give up your personal data, and as long as you don't step out of line, we will keep you safe." The Corporate Transparency Act (CTA) represents an unprecedented federal power grab: Massive Scope: 33 million small businesses, employing 61.7 million Americans, must submit to federal surveillance Selective Targeting: Only businesses under $5 million revenue and fewer than 20 employees are affected Draconian Penalties: $591 daily fines and up to 2 years in prison for non-compliance Strategic Exemptions: Giants like BlackRock, Amazon, and Big Tech escape scrutiny Global Data Sharing: Your information gets shared with 170 countries through the shadowy Egmont Group. The Historical Echo We've seen this movie before. Remember the IRS targeting scandal, where conservative groups with words like "tea party" and "patriot" faced extra scrutiny? The CTA creates a similar vulnerability for small businesses. As Mcilvennapoints out, it paves the way for an anti-second amendment bureaucrat to search the database for businesses with "gun," "firearm," or "freedom" in their names? A Digital Iron Curtain While the CTA surveils American businesses, the EU Digital Services Act (DSA) creates a parallel threat to free speech, with the power to levy fines of up to 6% of a company's global revenue – including revenue from unrelated businesses. This means Elon Musk's SpaceX could be penalized for X's content moderation policies, a clear attempt at financial coercion.   "It is ridiculous and chilling," Mcilvenna notes "Musk's other companies have nothing to do with the platform policies of X. It is simply an unhinged coercive measure designed to break Musk." Mcilvenna describes how UK political operatives, through organizations like the Center for Countering Digital Hate (CCDH), are actively working to "Kill Musk's Twitter" while strengthening ties with various political campaigns. This isn't just UK domestic policy – it's part of a coordinated international effort to control both commerce and communication. Why This Matters Now The January 1, 2025 deadline for CTA compliance is approaching, while the DSA's censorship machinery is already in motion. This combination creates an unprecedented threat and the window for action is narrowing, but resistance is building: - Multiple states have challenged the CTA's constitutionality - Business associations are filing lawsuits - Popular movements across Europe are pushing back against censorship - Independent platforms are fighting for survival As Peter Mcilvenna warns, "This needs to be a front and center issue to protect over 33 million small businesses from an egregious overreach by the Federal government." Timelines: 00:03 - Introduction: Peter Mcilvenna's connection to Lord Thatcher's administration and Brexit 01:28 - Corporate Transparency Act introduction: Trump's veto and subsequent revival 05:19 - Federal overreach: Small businesses must register by January 1st deadline 08:56 - FinCEN's expanded role beyond traditional financial crimes enforcement 10:55 - BlackRock & large corporations exempt from CTA requirements  14:31 - Egmont Group: International sharing of business data across 170 countries 18:06 - Digital Services Act targeting speech censorship in UK 21:38 - Labour Party operatives working with US political campaigns 23:17 - CCDH attacks on free speech platforms 26:07 - EU threatening 6% global revenue fines against Musk's companies 29:20 - Rise of populist resistance movements across Europe 37:30 - Push for CTA to become central campaign issue for 2024

If you are a therapist in private practice in the US, this episode will be helpful for you. We are breaking down the new legal requirements under the Corporate Transparency Act. This act requires that you comply by the end of 2024, so time is running out. This act is part of an effort to reduce money laundering by shell companies, focusing on business ownership. If you have an LLC or an S-corp, please take the time to listen and learn more. Our Featured GuestsDan Mayer and Dr. David YoodDan Mayer is an attorney who works with many mental health and healthcare practitioners. Dr. David Yood is a licensed psychologist and private practice owner who gives his perspective of the Corporate Transparency Act and its requirements. Dan and Dave co-host the Protecting Your Practice Podcast for mental health practitioners. In this session, they use simple language to explain what the CTA is, what the filing requirements and processes are, the implications of non-compliance, and the constitutionality of the act. Dan's websiteDave's websiteProtecting Your Practice PodcastYou'll Learn:What is the Corporate Transparency Act (CTA)?Dave's perspective about the CTA, his private practice, and compliance requirementsA look at the compliance requirements of the CTA (mostly about ownership of companies)Who needs to register under the CTA? (Get professional help if you aren't sure!)Thoughts on the constitutionality of the CTADave's perspective on what the CTA requires of himConsequences of not filing under the CTADan's recommendations for business ownersFind out more about the CTA and how to file (in just a few minutes): fincen.govResources:Interested in becoming part of our affiliate program? Learn more!Want to launch your online course?Please check out our free 7-Day Course Creator Starter Kit for Therapists at https://sellingthecouch.com/coursekit.If you are a seasoned therapist who wants to move from clinical to online course income, we have a specific mastermind for you. We meet together to build, grow, and scale our online courses. You can learn more at https://sellingthecouch.com/mastermind.Mentioned in this episode:Try Alma!Building and managing the practice you want can be challenging. That's why Alma offers tools and resources to help you build not just any practice, but your private practice. They'll help you navigate insurance, access referrals who are the right fit for you, and efficiently manage administrative tasks — so you can spend less time on the details, and more time delivering great care. You support your clients. Alma supports you. Learn more at sellingthecouch.com/alma (Special offer for STC listeners through link)Need Community Support? Join the MastermindIf you are a seasoned therapist, and you are wanting to move from clinical to online course income, we actually have a specific mastermind for therapists who are doing this. We meet together to build and...

Jim Erwin has decades of experience practicing Real Estate Law and is a board member of the NSBC! Jim starts by breaking down the legal ins and outs for condo deconversions. He dives deep on the process for clearing building violations on properties including tips to keep the City and lenders happy. Jim explains the Corporate Transparency Act (CTA) and everything that must be disclosed in order to stay compliant. Throughout the show, Jim displays his deep knowledge of real estate law and how his firm is providing top notch service to their clients! If you enjoy today's episode, please leave us a review and share with someone who may also find value in this content! ============= Connect with Mark and Tom: StraightUpChicagoInvestor.com Email the Show: StraightUpChicagoInvestor@gmail.com Guest: Jim Erwin, Erwin Law Link: FinCEN Link: Jim's Contact Info Link: The 4 Pillars of Critical Thinking (Book Recommendation) Link: Make Your Bed (Book Recommendation) Link: NBOA Chicago Guest Questions 03:15 Housing Provider Tip - Plan your fall cleanups to adjust for an extended summer season. 04:35 Intro to our guest, Jim Erwin! 09:43 Legal process for condo conversions. 19:17 Attorney's role in acquisition of large portfolios. 24:44 Process of clearing property violations! 35:42 What is the Corporate Transparency Act (CTA)? 45:06 How to comply with CTA 47:00 What is your competitive advantage? 48:18 One piece of advice for new investors. 49:00 What do you do for fun? 49:09 Good book, podcast, or self development activity that you would recommend?  49:45 Local Network Recommendation?  50:36 How can the listeners learn more about you and provide value to you? ----------------- Production House: Flint Stone Media Copyright of Straight Up Chicago Investor 2024.

If you, your farm, or your agri-business have a joint venture with a U.S.-based company, this interview is a must listen. The Corporate Transparency Act (CTA), and specifically the beneficial ownership information (BOI) clause, came into effect at the beginning of 2024 and affected parties have until January 1, 2025 to comply or face stiff... Read More

In this episode, Elaine & Toni welcome Gary James to discuss the challenges small businesses face due to the Corporate Transparency Act (CTA). The CTA requires small businesses to disclose personal information about their owners, posing significant compliance burdens and risks of data breaches. Gary James, president of DNA Lab, shares his concerns about the act's impact on small businesses and his communication with Senator Sherrod Brown. The episode emphasizes the need for balanced policies that support small businesses while promoting transparency, urging listeners to stay informed and advocate for their interests. Main Street Matters is part of the Salem Podcast Network. For more visit JobCreatorsNetwork.comSee omnystudio.com/listener for privacy information.

On the fourth episode of our speaker series, Partners Erin Nicholls, R.J. Kornhaas and Dimitri Tournas dive into the key compliance requirements of the Corporate Transparency Act (CTA) and its impact on small to medium-sized companies. They break down the new federal beneficial ownership registry, the filing requirements, and the challenges of identifying beneficial owners. Tune in to gain insight into the information needed to meet the CTA's obligations and what it means for your business.

It's October, so now is the time to discuss end-of-year tax planning for business owners. The team emphasizes the importance of organizing your books, categorizing expenses correctly, and maximizing deductions before December 31st. CPA Stephanie Helms also shares insights on tax projections to help you save money. Stephanie also breaks down the Corporate Transparency Act (CTA), which requires business owners to file a beneficial ownership report by the end of the year. She explains what this means for both small and large businesses, along with the penalties for non-compliance. We also cover market and economic trends, examining how global events, rising interest rates, and market volatility in September and October could affect your investments. Finally, we focus on capital gains tax planning, offering strategies for timing asset sales, qualifying for long-term capital gains rates, and offsetting gains with losses to reduce tax liabilities. It's time to wrap up your 2024!   Listen, Watch, Subscribe, Ask! https://www.therealmoneypros.com   Hosts: Brian Wiley & Jeremiah Bates   Guest: Stephanie Helms, CPA https://davestewartcpa.com/ ————————————————————— SPONSORS: Guild Mortgage: https://guildmortgage.com   Ataraxis PEO https://ataraxispeo.com   Tree City Advisors of Apollon: https://www.treecityadvisors.com   Apollon Wealth Management: https://apollonwealthmanagement.com/   Formations: https://get.formationscorp.com/real-money-pros —————————————————————

Learn the secrets to help your community thrive on this week's Take It To The Board podcast, as host Donna DiMaggio Berger sits down with Dawn Bauman, Senior Vice President of Government and Public Affairs at the Community Associations Institute (CAI). Dawn is a leading advocate for HOAs, condos, and co-ops across the U.S. and internationally. With nearly 50 public policy initiatives under her leadership—including fair housing, pets, assistance animals, and removing racially restrictive covenants—Dawn has been at the forefront of policy development for community associations.In this episode, Dawn shares her vast expertise with Donna as they dive into the 2025 legislative priorities, including building safety, financial challenges, property rights, environmental sustainability and diversity issues focusing mainly on trailblazing states like Florida and California. Dawn discusses the critical data CAI has gathered on the community association lifestyle and the various resources and initiatives she oversees. They also explore the essential role of developers and realtors in educating potential buyers about community association responsibilities. Emphasizing the power of grassroots advocacy, this episode highlights CAI's efforts to influence public policy and make it more accessible to its members.Lastly, learn about CAI's recent lawsuit to exempt community associations from the impact of the Corporate Transparency Act (CTA) and what that might mean for your board before the Jan. 1, 2025 deadline.  Don't miss this in-depth discussion on the future of community association governance!Conversation Highlights Include:CAI's top legislative priorities this year and how they could impact community associations across the countryHow board members and residents can get involved in supporting legislative effortsHow trends in the areas of governance, technology, and homeowner engagement might shape the future of community livingThe most significant challenges facing community associations today and how CAI is addressing these issuesPromoting diversity, equity, and inclusion within community associationsBest practices and critical differences in how community associations operate internationally compared to the U.S.New CAI educational resources for board members, managers, and homeownersBONUS:  Learn how to join the fight to exempt community associations from the burdens imposed by the Corporate Transparency Act (CTA) Related Links:Podcast: A Board Members' Guide to Unexpected Issues - Your Questions AnsweredPodcast: The Do's and Don'ts of Association Committees with Becker's Ken DirektorPodcast: Boot Camp for Board Members: Army Vet, PCAM and Becker Shareholder, Howard Perl, Discusses the Benefits of Rigorous Board Member EducationResource: Community Associations Institute (CAI) Website

Join host Tony Campisi, CAE, Executive Director of the Keystone Chapter of Community Associations Institute, as he dives into the complexities of the Corporate Transparency Act (CTA) with expert guest Paul Formella, co-founder of Perfect Form.  Discover the implications of the CTA, effective January 2024, and learn why it's critical for community associations to start preparing now. Paul shares his expertise on the requirements, the reporting process, and the potential penalties for non-compliance. Understand the nuances of beneficial ownership reporting and gain insights into keeping your association compliant with ongoing updates. Don't miss this essential discussion on how the Corporate Transparency Act impacts community associations nationwide and the steps you need to take to ensure compliance. Special thanks to our sponsor - Hoffman Law, LLC. Visit Hoffman Law online for more information. 

The Corporate Transparency Act (CTA) was enacted by the Financial Crimes Enforcement Network (FinCEN) to combat money laundering and financial crimes. The act requires some 32 million businesses to report beneficial ownership information by January 1, 2025, and carries steep consequences for non-compliance. This episode, Wes Benally discusses the impact to Tribal businesses and entities that are subject to the CTA, exemptions, required reporting information, and more, with REDW Senior State and Local Tax Advisors Jeanna Schenk and Thomas Miller. Unsure if the CTA applies to your organization? Don't guess. Tune in to learn more or reach out to REDW's trusted business advisors for guidance.Chapters00:00 - Introduction to the Corporate Transparency Act04:43 - Reporting Requirements and the Beneficial Ownership Information Report (BOIR)09:07 - Considerations for Tribal Entities and Sovereignty12:25 - Unique Structures and Entities Subject to the CTA15:24 - Deadlines and Penalties for Non-Compliance17:13 - Security and Access to Reported InformationTakeawaysThe Corporate Transparency Act (CTA) requires many businesses to report beneficial ownership information to combat money laundering and financial crimes.The deadline for filing the Beneficial Ownership Information Report (BOIR) is January 1, 2025, for established businesses. For businesses created on or after January 1, 2024, the deadline is within 90 days.Failure to comply with the reporting requirements can result in significant penalties, including fines and criminal charges.Many Tribal businesses and entities are subject to the CTA, but there are exemptions for certain types of tribal businesses.The information reported to FinCEN is highly secure and access is limited to authorized entities. Meet the CTA Deadline with ConfidenceREDW's trusted team of experts are handling the reporting process through the FinCEN website for business leaders in Indian Country. Our comprehensive services ensure that all aspects of Beneficial Ownership Information Reporting are covered, including identifying any applicable filing exceptions for your business. As part of our filing services, we will consult with you to determine which entities need to file and identify who qualifies as a Beneficial Owner. The consequences for non-compliance are too steep to delay checking this off your list.Purchase REDW's BOI Reporting services in a matter of minutes.Do you have more than seven entities to report on? Schedule a Complimentary BOI Reporting Consultation. We help Tribal entities determine their reporting obligations and provide guidance throughout the process. Get connected to expert insights for Tribal Nations. Subscribe to the Insight in Indian Country Newsletter. REDW Advisors and CPAs is proud to bring you the Insight in Indian Country Podcast, covering important advisory, accounting, and finance topics that impact Tribal Nations and business affairs. Thanks for listening!

Over the past decade, FinCEN (Financial Crimes Enforcement Network) has been responsible for a lot of reporting about financial accounts, but recently FinCEN has been trying to keep track of who owns what businesses. This affects corporations, LLCs and other entities. In response to new regulations, FinCEN just issued a FAQ regarding what is and isn't exempt around ownership structures, trusts and privacy strategies. Host Jack Russo and CPA, Steve Rabin try and make sense of these new regulations so we can all stay compliant.   https://taxservice2u.com/   Jack Russo Managing Partner Jrusso@computerlaw.com www.computerlaw.com https://www.linkedin.com/in/jackrusso "Every Entrepreneur Imagines a Better World"®️

Special purpose entities (SPEs) are frequently employed in commercial real estate transactions to mitigate bankruptcy risks associated with borrowers or their properties. To qualify as bankruptcy remote, these entities must meet specific requirements, such as appointing "independent directors" and "springing members." With the Corporate Transparency Act (CTA) now in effect, mandating the disclosure of beneficial owners, SPEs must ensure compliance to avoid severe penalties for non-reporting or false reporting. In this episode, Cameron Weil and Dustin Lauermann join Jay Wardlaw to explore the intersection of the CTA and SPEs and discuss how those affected can ensure compliance.

Roger testified April 30th, before the House Committee on Small Business. Roger was asked to speak on the small business perspective during a full committee hearing titled, "Under the Microscope: Examining FinCEN's Implementation of the Corporate Transparency Act."Roger's goal in attending this hearing on behalf of Padgett's firm owners and small business clients was to help clarify the current issues with the implementation of the Beneficial Ownership Information (BOI) reporting requirement that was created under 2021's Corporate Transparency Act (CTA).This bonus episode does not quality for CPE or IRS CE Padgett -  Contact Padgett or Email Jeff PhillipsConnect with the Hosts on LinkedInRoger HarrisAnnie SchwabReviewLeave a review on Apple Podcasts or PodchaserSubscribeSubscribe to the Federal Tax Updates podcast in your favorite podcast app!This podcast is a production of the Earmark MediaThe full transcript for this episode is available by clicking on the Transcript tab at the top of this pageAll content from this podcast by SmallBizPros, Inc. DBA PADGETT BUSINESS SERVICES is intended for informational purposes only.

Join Gino Barbaro, co-founder of Jake and Gino, in this enlightening episode of "How To with Gino Barbaro," as we delve deep into the nuances of the Corporate Transparency Act (CTA). If the CTA is new to you, or even if you've heard of it but aren't fully aware of its implications, this episode is a must-watch. Gino is joined by experts Harry Barth from Bath Cauldron and Paul Hitchcock to discuss everything you need to know about the CTA, from its origins to its impact on over 33 million entities in the United States. Key Takeaways: What is the CTA?: Learn about the background, purpose, and significant implications of the Corporate Transparency Act, aimed at enhancing transparency for law enforcement and combating illegal activities. Compliance Essentials: Discover the critical aspects of complying with the CTA, including the deadlines, potential penalties for non-compliance, and the detailed process for filing your entity information with FinCEN. Impact on Businesses: Understand how the CTA affects every entity in the U.S., not just new ones but also those established decades ago. Our experts break down the requirements, exemptions, and specific scenarios that could affect your business. Expert Insights: Harry Barth offers his expertise on navigating the complexities of the CTA, sharing valuable advice on ensuring your entities are in full compliance without facing the steep penalties or criminal charges for non-compliance. Real-World Examples: Through practical examples and a hypothetical company setup, this episode provides a clear understanding of the filing process, beneficial ownership, and the responsibilities of entities under the CTA. Legal and Practical Challenges: Discuss the recent court rulings, ongoing legal challenges to the CTA, and the potential impact on businesses large and small. Discover how these developments might affect your compliance strategy. Closing Thoughts: The Corporate Transparency Act represents a significant shift in how businesses must report and maintain transparency. Whether you're a small business owner or manage multiple entities, staying informed and proactive about compliance is crucial. Join Gino and his guests as they offer invaluable insights, making a complex topic accessible and manageable for business owners nationwide. Questions or Comments? Feel free to leave your questions or thoughts in the comments section below. Gino, Harry, and Paul are keen on providing further clarifications and engaging with your concerns on this critical topic. Remember, the time to act is now. Delaying could lead to severe financial and legal consequences. Let's navigate these changes together, ensuring your business remains compliant, secure, and successful. Subscribe and Stay Informed: Don't miss out on future episodes covering vital business strategies, legal changes, and how-to guides that can help your business thrive. Subscribe to "How To with Gino Barbaro" and turn on notifications for the latest updates.

"We know the law is unconstitutional. FinCEN knows the law is unconstitutional. FinCEN knows we know the law is unconstitutional. And yet we're supposed to pretend like nothing happened and comply with an illegal law." ~ Jameson Lopp What do we do when a regulatory agency continues to enforce an illegal law against a judicial verdict? Jameson Lopp explores the Corporate Transparency Act (CTA), revealing how it mandates extensive reporting to the Financial Crimes Enforcement Network, compromising individual privacy and security under the guise of legal compliance. How does this act, despite being challenged for its constitutionality, reflect broader tensions between privacy rights and government surveillance in the digital age? Check out the original article at Congress is Unconstitutionally Criminalizing Privacy. (Link: https://tinyurl.com/46h3swp3) Guest Links Jameson Lopp on X (Link: https://twitter.com/lopp) Casa (Link: https://casa.io/) Jameson Loop Website (Link: https://tinyurl.com/5n863ah7) Host Links Guy on Nostr (Link: http://tinyurl.com/2xc96ney) Guy on X (Link: https://twitter.com/theguyswann) Guy on Instagram (Link: https://www.instagram.com/theguyswann/) Guy on TikTok (Link: https://www.tiktok.com/@theguyswann) Guy on YouTube (Link: https://www.youtube.com/@theguyswann) ⁠Bitcoin Audible on X⁠ (Link: https://twitter.com/BitcoinAudible) Check out our awesome sponsors! Get 10% off the COLDCARD with code BITCOINAUDIBLE ⁠⁠⁠⁠⁠⁠(Link: bitcoinaudible.com/coldcard⁠⁠⁠⁠⁠⁠) Swan: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com) “People have only as much liberty as they have the intelligence to want and the courage to take.” ~ Emma Goldman --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

Join guest host Alina Trigub as she dives deep into the world of LLCs with expert Tzvi Weiser from Riverside Filings on The Real Estate Syndication Show.This episode explores the crucial new beneficial ownership filing requirements for LLCs, mandated by the Corporate Transparency Act (CTA). Tzvi, with his extensive experience and engaging personality, sheds light on these critical regulations and their implications for investors and business owners.3 Key Takeaways:Avoid hefty penalties: Understand new beneficial ownership filing requirements for LLCs to avoid civil and criminal penalties.LLCs for real estate investors: Learn how LLCs offer limited liability protection and are a popular choice for real estate investors.Navigating the CTA and BOI: Gain insights into the Corporate Transparency Act and how it affects LLCs, including who needs to file, deadlines, and ongoing reporting obligations.Don't miss Tzvi's valuable insights and expert advice! He shares his contact information throughout the episode for listeners seeking professional guidance on navigating LLC formation and ensuring compliance with the new BOI requirements.Remember to like and subscribe to The Real Estate Syndication Show for more expert advice and insights into the world of real estate investing. If you have questions or topics you'd like us to explore, reach out at info@lifebridgecapital.com.Stay informed and proactive in managing your LLCs to avoid penalties and ensure compliance. Tune in and stay savvy, investors!VISIT OUR WEBSITEhttps://lifebridgecapital.com/Here are ways you can work with us here at Life Bridge Capital:⚡️START INVESTING TODAY: If you think that real estate syndication may be right for you, contact us today to learn more about our current investment opportunities: https://lifebridgecapital.com/investwithlbc⚡️Watch on YouTube: https://www.youtube.com/@TheRealEstateSyndicationShow