Corporate Transparency Act: What You Need to Know 1 Credit 1 Credit
Enacted on December 31, 2020,
the Corporate Transparency Act requires certain companies to report to FinCEN
certain personal information on persons who control the company and who own 25%
or more of the company and person who form the company.
FinCEN
recently released final rules interpreting the Act, making the rules effective
January 1, 2024.
Predicted to apply to more
than 32 million existing and new companies in the calendar year 2023 and impose
a cost burden on these reporting companies of $22.8 billion, the compliance
activity in 2023 for accountants and lawyers will be significant.
For years 2024 and
thereafter, FinCEN predicts the Act will apply to more than 19 million
reporting companies each year at an annual cost burden to these reporting companies
of over $5.5 billion. The penalties for a willful failure to comply with the
Act’s filing obligations – $500/day up to $10,000 total and up to 2 years
imprisonment – can be significant.
This
CPE Business Law webinar will cover the requirements for reporting
companies and discuss the penalties for a willful failure to comply with the Corporate
Transparency Act’s filing
obligations.
| License details | Credits | Status |
|---|---|---|
| Business Law for Certified Public Accountants (CPA-US) | 1 CPE | Approved |
| Certified Internal Auditors (CIA) | 1 CPE | Eligible |
| Tax Planning for Certified Financial Planner (CFP-US) (Approval No. 308920) | 1 CE | Approved |
| Business Law for Certified Fraud Examiner (CFE) | 1 CPE | Eligible |
| Internal Audit Practitioner (IAP) | 1 CPE | Eligible |
| Certified Financial Forensics (CFF) | 1 CPD | Eligible |
| Qualification in Internal Audit Leadership (QIAL) | 1 CPE | Eligible |
| License details | Credits | Status |
|---|---|---|
| Business Law for Certified Public Accountants (CPA-US) | 1 CPE | Approved |
| Certified Internal Auditors (CIA) | 1 CPE | Eligible |
| Tax Planning for Certified Financial Planner (CFP-US) (Approval No. 308920) | 1 CE | Approved |
| Business Law for Certified Fraud Examiner (CFE) | 1 CPE | Eligible |
| Internal Audit Practitioner (IAP) | 1 CPE | Eligible |
| Certified Financial Forensics (CFF) | 1 CPD | Eligible |
| Qualification in Internal Audit Leadership (QIAL) | 1 CPE | Eligible |
Credit
1
Course Level
Basic
Instructional Method
QAS Self Study
Group Internet Based
Pre-requisites
None
Advance Preparation
None
MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors.
James Howard represents domestic and international clients in sophisticated matters involving corporate tax law, finance, and securities, primarily in the energy and real estate sectors. He also counsels wealthy individuals in matters relating to estate planning, financial planning, trust administration and probate administration and advises business owners in a broad range of corporate law matters.
James has extensive experience assisting clients with the tax and corporate issues related to structuring and planning for international investments and financings, and counsels companies with global operations seeking efficient ways to repatriate profits generated overseas while navigating international tax laws. He has structured numerous partnerships and joint ventures, both in the United States and internationally.
James once served as outside general counsel for a global company advising on a wide range of issues, including numerous M&A transactions. He still works with many private equity-backed management teams, advising on tax and corporate matters. He has also represented real estate owners and developers in corporate and tax-related planning.
In the energy sector, James helps clients involved in the exploration and production, oilfield services and chemical sectors. He also advises tax-exempt entities, such as higher education institutions, charities and private clubs, in their operations.
Clients regard James as an experienced business advisor who knows U.S federal tax laws. They value that his practical tax advice, synthesizing the complicated principles of tax law in a manner that allows them to make informed decisions
What is Self Study (QAS)?
Self Study QAS (Quality Assurance Service) is a NASBA and other regulatory bodies approved program designed for Professionals to complete their Continuing Professional Education credits through self-paced, interactive courses that meet the highest standards of quality and compliance. We are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.
How do I earn CPE credits through self-study?
To earn CPE credits, you must complete the self-study course, pass the required assessments, and submit the necessary documentation. Credits are awarded based on the completion of course hours and successfully passing the assessments.
Are the self-study courses approved by NASBA and other regulatory bodies?
Yes, all our self-study courses are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the rigorous standards for quality and educational content set by these organizations.
What are the requirements to maintain compliance with self-study courses?
To maintain compliance, you must follow the guidelines set by NASBA and other regulatory bodies, which include completing the course within the specified timeframe, passing the assessments, and keeping accurate records of your learning activities.
How can I access my course completion certificates?
After successfully completing a self-study course and passing the assessments, you can access and download your course completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.
How are credits reported to governing bodies?
We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.
What is a Live Webinar Group Internet-Based Credit?
A Live Webinar Group Internet-Based Credit is an interactive, real-time online seminar where professionals can earn Continuing Education credits by participating in live sessions led by experts in various fields. These sessions meet the standards set by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.
How do I earn credits through live webinars?
To earn credits, you must attend the entire live webinar, actively participate in any polls or questions, and complete any required evaluations or assessments. Credits are awarded based on your attendance and participation in the live session.
Are the live webinars approved by NASBA and other regulatory bodies?
Yes, all our live webinars are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the high standards for quality, interactivity, and educational content set by these organizations.
What are the requirements to maintain compliance with live webinar courses?
To maintain compliance, you must adhere to the guidelines set by NASBA and other regulatory bodies, which include attending the full duration of the webinar, participating in interactive elements, and completing any post-webinar evaluations or assessments.
How can I access my webinar completion certificates?
After successfully attending a live webinar and fulfilling all participation requirements, you can access and download your completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.
How are credits reported to governing bodies?
We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.
AA
I get benefits from the materials, because it is updating us with new reporting requirements
TA
Perhaps the most important CPE Class I've taken - I wasn't tracking CTA or impact on me.
May 12, 11:00 AM ET
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May 14, 11:30 AM ET
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Multiple Credits
Earn continuing education credits with flexibility. Choose from live webinars, on-demand courses, e-books, or podcasts to fit your learning style and schedule.
Certifications & Reporting
We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days - fastest in the industry.
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