Transparency and accountability are increasingly important in both private and governmental settings. With news outlets demonstrating that organizations frequently withhold information, everyday consumers are more aware than ever of alternative legal individuals and arrangements used to hide beneficial owners of assets.
To combat this, the U.S. government introduced the Corporate Transparency Act (CTA), aiming to tackle issues such as money laundering. With the CTA set to go into effect on January 1, 2024, how will corporations be affected, and what will the impact be on Certified Public Accountants (CPAs)?
This E-book will cover why and how the CTA will be implemented, how it will work, and information for CPAs looking to advise their clients in 2024.
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