10 Things and More I need to Know About BOI But Didn't Know to Ask
Overview: This seminar is designed to provide updates, clarification and resources to help guide you through the process of deciding IF-WHEN-WHY and HOW to handle the reporting requirements under the CORPORATE TRANSPARENCY ACT & NEW YORK LLC TRANSPARENCY ACT. Including best practices after the US District Court for the Eastern District of Texas issued a nationwide preliminary injunction.
Learning Objectives:
• Reporting Requirements: Reporting Company, Beneficial Owners, Company Applicants
• Personal Identifying Information (PII)
• Reporting vs. Exempt Companies
• Impending Deadlines in light of the US District Court for the Eastern District of Texas issuing a nationwide preliminary injunction
• Penalties and Enforcement
• BOSS Access: Law enforcement, Financial Institutions
• Derivative State Transparency Initiatives
• Client notification options
• Engagement letter samples as provided by malpractice insurance carrier risk management department
• Relevant links to malpractice insurance carrier risk management department sample correspondence and articles
• Best practices for vetting third party providers
• List of third-party support providers
• Lingering liability
• Ability and method of transfer third party director to a successor firm
• Fee structure transparency and engagement scope options
NASBA: 108369 Credits: 2 TAXES
Program Level: Intermediate
Advanced Preparation: None
Type of Delivery: Group Internet Based
National Conference of CPA Practitioners 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 through its website: www.nasbaregistry.org.
** In order to qualify to receive the CPE credits, you will need to attend and stay on the live web seminar for its duration, which is about 110 mins and answer 80% of the 12 polling questions that will be run. This web seminar is not approved for IRS CPE Credit.