Planning your Firm's FinCEN Filing Strategy (1 hour - afternoon) [NT] - NEW! - Webcast
Overview
Free to OSCPA Members!
This course will provide guidance on planning a CPA firm's strategy for managing FinCEN's reporting requirements under the Corporate Transparency Act (CTA). The data in this presentation has been collected from over 5,000 conversations with firms and condensed to a one-hour course sharing critical information for CPAs. Beneficial Ownership Information (BOI) reports are required for most U.S. companies to enhance transparency and combat financial crimes with 40M companies needing to file by the approaching deadline.
The course identifies what CPAs must know about the CTA, opportunities, issues, and best practices for accounting firms to support clients with these filings, as many business owners find the self-filing process complex and prone to errors. It underscores the importance of planning processes to streamline reporting, reduce errors, and manage the expected filing volume effectively. Additionally, CPAs are informed on how to educate clients about fraud risks, utilize tools to support compliance, manage data, and reduce liability.
This webcast is sponsored by FincenFetch.
Highlights
- 6 key elements of BOI reports for CPAs to know
- FinCEN BOI initial report market
- Ongoing updated reports requirements and firm programs
- Why clients expect CPAs to help with FinCEN reporting
- Problem 1 with self-filing: FinCEN’s 60-page guide
- Problem 2 with self-filing: the direct filing portal Avoiding fraudulent letter scams
- The 8 essential steps of each BOI report
- Optimizing and automating the 8 steps
- The 4 critical considerations of your ongoing CTA compliance operations plan
- Reducing liability for FinCEN filings
Designed For
CPAs advising clients on BOI reporting.
Objectives
Gain the information and insight necessary to strategically implement FinCEN filing at their firm without additional staff.
Leader(s):
Leader Bios
Charles Wismer, CEO, FincenFetch
Charles Wismer is a thought leader in the FinCEN compliance space as CEO of FincenFetch, a leading BOI filing solution used by hundreds of firms across the U.S., including many top 100 organizations. FincenFetch began building CTA filing solutions two years before the launch of Corporate Transparency Act filings. During this time, the FincenFetch Team gathered valuable insights from thousands of discussions with accounting and law firms. Through interviews, consultations, presentations, and industry collaborations, Charles continues to play a pivotal role in shaping standards and best practices in the field. At FincenFetch, the focus is on a personalized approach to beneficial ownership reporting, tailoring plans, features, and strategies to meet the specific needs of each firm.
(9/12/24)
Non-Member Price $39.00
Member Price $0.00