Corporate transparency

COMMUNITY ASSOCIATIONS INSTITUTE URGES SENATE TO DELAY CORPORATE TRANSPARENCY ACT

Retrieved on: 
Thursday, April 25, 2024
Education, Volunteering, Corporate transparency, Housing, House, Senate, Confusion, Church, CAE, Representative, CAI, Community Associations Institute, Democrat

Falls Church, Va., April 25, 2024 (GLOBE NEWSWIRE) -- Community Associations Institute (CAI), the leading international authority on community association governance, education, and management, is calling for urgent action on bipartisan legislation aimed at delaying the implementation of the Corporate Transparency Act.

Key Points: 
  • Falls Church, Va., April 25, 2024 (GLOBE NEWSWIRE) -- Community Associations Institute (CAI), the leading international authority on community association governance, education, and management, is calling for urgent action on bipartisan legislation aimed at delaying the implementation of the Corporate Transparency Act.
  • The act poses significant challenges and potential harm to homeowners in community associations, who could face undue compliance burdens and financial strain.
  • CAI urges Democrats serving on the Senate Banking Committee to schedule a hearing for the Protect Small Business and Prevent Illicit Financial Activity Act (S.3625), the Senate counterpart to H.R.
  • The House approved the measure, which delays the implementation of the Corporate Transparency Act, with an overwhelming 420-1 vote in December.

COMMUNITY ASSOCIATIONS INSTITUTE: CONDOS, HOAS SHOULD BE EXEMPTED FROM CORPORATE TRANSPARENCY ACT

Retrieved on: 
Thursday, April 18, 2024
Education, Congress, Corporate transparency, Hearing, Nature, Housing, Treasury, House, Senate, Church, CAE, CAI, Community Associations Institute, Democrat, Organization

Enacted by Congress in 2021, the Corporate Transparency Act aims to enhance transparency in corporate ownership structures and combat financial crimes such as money laundering and terrorist financing.

Key Points: 
  • Enacted by Congress in 2021, the Corporate Transparency Act aims to enhance transparency in corporate ownership structures and combat financial crimes such as money laundering and terrorist financing.
  • "The Corporate Transparency Act, while well intentioned, poses significant challenges and potential harm to the millions of homeowners residing in community associations across the nation.
  • CAI believes the implementation of reporting requirements under the Corporate Transparency Act would impose significant compliance burdens and liability risks on community associations.
  • CAI urges policymakers to recognize the distinct characteristics of community associations and grant them exemptions from the beneficial ownership reporting requirements under the Corporate Transparency Act.

Wolters Kluwer Experts to Provide Insights on U.S. Corporate Transparency Act Compliance

Retrieved on: 
Monday, April 8, 2024
Professional Services, Business, Other Professional Services, Legal, Consulting, Accounting, Beneficial ownership, Environment, Associate, Wolters Kluwer, Risk, CTA, CT Corporation, EDT, Disclosure, Product management, Corporate transparency, Property management

Experts from Wolters Kluwer CT Corporation are set to offer insights on how new beneficial ownership reporting requirements under the U.S. Corporate Transparency Act (CTA) are impacting U.S. trusts, nonprofits, startups and subsidiaries in a webinar Thursday, May 2, 1-2 pm EDT.

Key Points: 
  • Experts from Wolters Kluwer CT Corporation are set to offer insights on how new beneficial ownership reporting requirements under the U.S. Corporate Transparency Act (CTA) are impacting U.S. trusts, nonprofits, startups and subsidiaries in a webinar Thursday, May 2, 1-2 pm EDT.
  • Our presenters will discuss these issues in detail to help impacted businesses comply with the new reporting requirements,” said Rupak Venugopal , Vice President, Beneficial Ownership, Wolters Kluwer Financial & Corporate Compliance.
  • Presenters include two experts from Wolters Kluwer CT Corporation - Sandra Feldman , Publications Attorney, and Anirudh Koshi John , Associate Director of Product Management.
  • More information is available on the dedicated Wolters Kluwer resource page, “ Beneficial Ownership Information Compliance from CT Corporation .”
    For more information about Wolters Kluwer, please visit: www.wolterskluwer.com .

Wolters Kluwer names Catherine Wolfe as General Manager of CT Corporation

Retrieved on: 
Tuesday, April 2, 2024
Software, Accounting, Professional Services, Business, Fintech, Technology, Small Business, Security, Other Professional Services, Legal, Finance, Consulting, FCC, Organization, Growth, Face, Wolters Kluwer, CT Corporation, History, Retirement, Corporate transparency, Multimedia, Wolters, Management

Wolters Kluwer , a global leader in professional information, software solutions, and services, has appointed Catherine Wolfe as Executive Vice President and General Manager of its CT Corporation business, effective April 1.

Key Points: 
  • Wolters Kluwer , a global leader in professional information, software solutions, and services, has appointed Catherine Wolfe as Executive Vice President and General Manager of its CT Corporation business, effective April 1.
  • CT Corporation is a leading provider of corporate services and entity management solutions to organizations of all sizes in the U.S. market.
  • View the full release here: https://www.businesswire.com/news/home/20240402413970/en/
    Catherine Wolfe, Executive Vice President and General Manager for Wolters Kluwer CT Corporation (Photo: Business Wire)
    Wolfe succeeds John Weber, who is retiring after a career that included 23 years of distinguished service with Wolters Kluwer.
  • “Catherine has an incredibly strong track record in product development and innovation, having helped bring key digital solutions to market.

ZenBusiness Launches Beneficial Ownership Filing Service for Small Business Customers

Retrieved on: 
Thursday, January 18, 2024
Software, Accounting, Entrepreneur, Internet, Professional Services, Business, Fintech, Consumer, Technology, Small Business, Legal, Finance, Financial Crimes Enforcement Network, Pulse, BOI, Corporate transparency, Treasury, Attention, Documentation, Language, Fraud, Federation, Finger, Small business, News, Blog, Beneficial ownership

ZenBusiness®, the intuitive business management platform trusted by a half million small businesses, has launched a Beneficial Ownership Filing service for its customers.

Key Points: 
  • ZenBusiness®, the intuitive business management platform trusted by a half million small businesses, has launched a Beneficial Ownership Filing service for its customers.
  • ZenBusiness’s Beneficial Ownership Filing service aims to simplify the complicated process of gathering and submitting the necessary beneficial ownership information by their designated deadlines.
  • Throughout the process, ZenBusiness customers will receive:
    The ZenBusiness Beneficial Ownership Filing service enriches ZenBusiness’s suite of tools dedicated to helping small business owners protect their businesses.
  • For more information about The Corporate Transparency Act and to learn more about ZenBusiness’s Beneficial Ownership Filing service, please visit ZenBusiness Beneficial Ownership Filing , ZenBusiness Blog and ZenBusiness.com .

SixFifty Launches Free Tool for Corporate Transparency Act Compliance

Retrieved on: 
Thursday, January 11, 2024
Federation, Organization, Hand, File, Corporate transparency, Audit

SALT LAKE CITY, Jan. 11, 2024 /PRNewswire/ -- Today, SixFifty released a free tool to help companies comply with the Corporate Transparency Act.

Key Points: 
  • SALT LAKE CITY, Jan. 11, 2024 /PRNewswire/ -- Today, SixFifty released a free tool to help companies comply with the Corporate Transparency Act.
  • "In order to avoid criminal and civil penalties, companies need to show that they took the Corporate Transparency Act seriously," said Kimball Dean Parker, CEO of SixFifty.
  • The company is offering the Corporate Transparency Act Worksheet for free as a public service.
  • For free access to SixFifty's Corporate Transparency Act Worksheet, visit https://www.sixfifty.com/free-corporate-transparency-act-worksheet/ .

RASi launches CTAComply™ a highly-secure portal for BOI Filings

Retrieved on: 
Monday, January 8, 2024
Documentation, Multimedia, API, Law enforcement, Corporate transparency, Congress, BOI, FINCEN, Financial Crimes Enforcement Network, CTA, BOSS

AUSTIN, Texas, Jan. 8, 2024 /PRNewswire/ -- Registered Agent Solutions, Inc. ("RASi"), A Lexitas Company, announced the launch of CTAComply™, a highly-secure compliance management platform, that enables companies to easily comply with the new Financial Crimes Enforcement Network (FINCEN) Corporate Transparency Act (CTA) reporting requirements by managing Beneficial Ownership Information (BOI) and submitting required reports.

Key Points: 
  • RASi has also created an eligibility wizard to help clients determine if they qualify for any of the 23 exemptions.
  • CTAComply™, is the industry's best solution for CTA compliance because:
    It provides an API connecting directly to FINCEN's BOSS system allowing users to easily submit filings.
  • For those with several entities needing to report, CTAComply™ will ease the burden of repetitive keying of BOI.
  • From end-to-end encryption, to RASi' underlying comprehensive security program and industry leading cyber support systems, our clients can be confident storing and managing their BOI within CTAComply™.

Wolters Kluwer survey: Increasing awareness, but low overall preparedness for 2024 Corporate Transparency Act

Retrieved on: 
Friday, December 1, 2023
Legal, Finance, Consulting, Banking, Small Business, Accounting, Professional Services, Business, BOI, Attention, Organization, Small business, Wolters Kluwer, File, Financial Crimes Enforcement Network, CPA, CT Corporation, CTA, Corporate transparency, Radar, Cryptocurrency

Levels of preparedness among companies that are subject to the Corporate Transparency Act’s (CTA) new beneficial ownership reporting rule remain low, according to a new online survey by Wolters Kluwer CT Corporation, conducted as part of a CTA readiness session Wolters Kluwer hosted for market participants in mid-November.

Key Points: 
  • Levels of preparedness among companies that are subject to the Corporate Transparency Act’s (CTA) new beneficial ownership reporting rule remain low, according to a new online survey by Wolters Kluwer CT Corporation, conducted as part of a CTA readiness session Wolters Kluwer hosted for market participants in mid-November.
  • The next largest group, 38%, indicated they were not at all prepared.
  • Regardless, the regulatory requirements are complex and will require advanced preparation and time to support, impacting nearly 33 million businesses in 2024.
  • Wolters Kluwer has been fully engaged in following developments around the new beneficial ownership rule taking effect January 1, 2024.

COMMUNITY ASSOCIATIONS INSTITUTE BRINGS COMMUNITY TO CONGRESS FOR 2023 ADVOCACY SUMMIT, HONORS REP. DAVID ROUZER (R-N.C.) AS A HERO OF ASSOCIATIONS

Retrieved on: 
Thursday, November 9, 2023
Calamity, Policy, Education, Housing, Corporate transparency, Wildfire, Human, Congress, Legislation, Flood, Federal Emergency Management Agency, HOA, CAI, CAE, Church, Hero, Community Associations Institute, Property management, Insurance

According to the latest data from the Foundation for Community Association Research , community associations are estimated to become the majority form of housing in the U.S. by 2040.

Key Points: 
  • According to the latest data from the Foundation for Community Association Research , community associations are estimated to become the majority form of housing in the U.S. by 2040.
  • “One in four Americans live in community associations today, and thousands of new communities are built each year.
  • “CAI members are passionate about the work they do to support community associations.
  • CAI recognized Rouzer for his work to make federal funds available to homeowners association residents after a presidentially declared natural disaster.

FinCEN REPORT Launches Filing Service That Supports New Corporate Transparency Act Requirements & U.S. Anti-Money Laundering Efforts

Retrieved on: 
Wednesday, September 20, 2023
White House, U.S. Department of the Treasury, Office of Inspector General, Interview, Crime, Privacy Office of the U.S. Department of Homeland Security, Financial Crimes Enforcement Network, CTA, Corporate transparency, Treasury, Congress, Department of the Treasury, Collection, Illegal drug trade, Conference, Cryptocurrency, Drug

ATLANTA, Sept. 20, 2023 /PRNewswire/ -- FinCEN REPORT has launched its patent-pending filing tool to help beneficial owners file and comply with the new legal requirements under the Corporate Transparency Act (CTA). This secure online solution, security certified by Breachlock, allows business owners to easily submit their beneficial ownership information while maintaining data privacy.

Key Points: 
  • With more than 30 million small business owners impacted by the new Corporate Transparency Act on January 1, 2024, FinCEN REPORT launches a new, secure, and affordable filing solution that concurrently helps combat financial crimes.
  • ATLANTA, Sept. 20, 2023 /PRNewswire/ -- FinCEN REPORT has launched its patent-pending filing tool to help beneficial owners file and comply with the new legal requirements under the Corporate Transparency Act (CTA).
  • "The Corporate Transparency Act is a law that will eliminate corporate anonymity in the U.S., empowering law enforcement to fight the money laundering that facilitates human trafficking and drug smuggling," said Jonathan B. Wilson, CEO and Founder of FinCEN REPORT.
  • To learn more about how FinCEN REPORT is making it easy for business owners to successfully abide by the new CTA requirements, please visit https://fincenreport.com/ .