Attention: Due to unforeseen circumstances, this program will now only be available virtually through Zoom. We apologize for any inconvenience.
Overview: This seminar is designed to provide 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.
Discussions will also highlight sample engagement and client notification letters as supplied by malpractice provider risk management departments, recent relevant articles, updates on current court cases, and options/access to third party support providers.
This seminar will identify and explain:
• Reporting Requirements: Reporting Company, Beneficial Owners, Company Applicants
• Personal Identifying Information (PII)
• Reporting vs. Exempt Companies
• Impending Deadlines
• 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
CPE 2 TAXES
Program Pre-requisite: None
Program Level: Intermediate
Advanced Preparation: None
Type of Delivery: Group Internet Based
This program is sponsored by the NASSAU/SUFFOLK CHAPTER NATIONAL CONFERENCE OF CPA PRACTITIONERS INC. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit.
New York State License Number: 000216
New Jersey License Number: 20CE0046700
For a complete copy of NCCPAP education program policies including refund policy and complaint resolution policy, contact Kathy Casey at 516-997-9500 x.2 or e-mail kcasey@ns-nccpap.org