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İçerik Earmark Media, Roger Harris, EA, Annie Schwab, and CPA tarafından sağlanmıştır. Bölümler, grafikler ve podcast açıklamaları dahil tüm podcast içeriği doğrudan Earmark Media, Roger Harris, EA, Annie Schwab, and CPA veya podcast platform ortağı tarafından yüklenir ve sağlanır. Birinin telif hakkıyla korunan çalışmanızı izniniz olmadan kullandığını düşünüyorsanız burada https://tr.player.fm/legal özetlenen süreci takip edebilirsiniz.
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Navigating New Beneficial Ownership Rules

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Manage episode 400674531 series 3436441
İçerik Earmark Media, Roger Harris, EA, Annie Schwab, and CPA tarafından sağlanmıştır. Bölümler, grafikler ve podcast açıklamaları dahil tüm podcast içeriği doğrudan Earmark Media, Roger Harris, EA, Annie Schwab, and CPA veya podcast platform ortağı tarafından yüklenir ve sağlanır. Birinin telif hakkıyla korunan çalışmanızı izniniz olmadan kullandığını düşünüyorsanız burada https://tr.player.fm/legal özetlenen süreci takip edebilirsiniz.

Roger and Annie kick off the 2024 tax season by explaining the new beneficial ownership reporting requirements under the Corporate Transparency Act. They detail who must comply, what information must be disclosed, and the tight deadlines and penalties involved. They also discuss whether accountants should assist clients with these complex filings or refer them to attorneys. Additionally, Annie provides an update on navigating ERC claims during the current filing season and Roger warns listeners to pay attention to potential last-minute tax law changes from Congress.

Sponsors
Padgett - Contact Padgett or Email Jeff Phillips


  • (00:00) - Welcome To Federal Tax Updates Episode 25
  • (01:11) - The 2024 Tax Season
  • (01:57) - Beneficial Ownership Interest Reporting
  • (02:58) - Understanding the Rules and Implications
  • (03:41) - Exploring the Corporate Transparency Act
  • (04:20) - Impact on Small Businesses
  • (07:12) - Challenges and Concerns with the New Law
  • (08:21) - Defining Beneficial Owners
  • (10:30) - Understanding the Reporting Process
  • (12:33) - Discussion on the Challenges of Compliance
  • (15:52) - Advice for Navigating the New Law
  • (23:10) - What Should People Be Doing Right Now?
  • (40:05) - Updates on the Employee Retention Credit
  • (44:23) - Final Thoughts and Thanks For Listening

Get NASBA Approved CPE or IRS Approved CE
Launch the course on EarmarkCPE to get free CPE/CE for listening to this episode.

Connect with the Hosts on LinkedIn
Roger Harris
Annie Schwab

Review
Leave a review on Apple Podcasts or Podchaser

Subscribe
Subscribe to the Federal Tax Updates podcast in your favorite podcast app!

This podcast is a production of the Earmark Media

The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

All content from this podcast by SmallBizPros, Inc. DBA PADGETT BUSINESS SERVICES is intended for informational purposes only.

  continue reading

54 bölüm

Artwork
iconPaylaş
 
Manage episode 400674531 series 3436441
İçerik Earmark Media, Roger Harris, EA, Annie Schwab, and CPA tarafından sağlanmıştır. Bölümler, grafikler ve podcast açıklamaları dahil tüm podcast içeriği doğrudan Earmark Media, Roger Harris, EA, Annie Schwab, and CPA veya podcast platform ortağı tarafından yüklenir ve sağlanır. Birinin telif hakkıyla korunan çalışmanızı izniniz olmadan kullandığını düşünüyorsanız burada https://tr.player.fm/legal özetlenen süreci takip edebilirsiniz.

Roger and Annie kick off the 2024 tax season by explaining the new beneficial ownership reporting requirements under the Corporate Transparency Act. They detail who must comply, what information must be disclosed, and the tight deadlines and penalties involved. They also discuss whether accountants should assist clients with these complex filings or refer them to attorneys. Additionally, Annie provides an update on navigating ERC claims during the current filing season and Roger warns listeners to pay attention to potential last-minute tax law changes from Congress.

Sponsors
Padgett - Contact Padgett or Email Jeff Phillips


  • (00:00) - Welcome To Federal Tax Updates Episode 25
  • (01:11) - The 2024 Tax Season
  • (01:57) - Beneficial Ownership Interest Reporting
  • (02:58) - Understanding the Rules and Implications
  • (03:41) - Exploring the Corporate Transparency Act
  • (04:20) - Impact on Small Businesses
  • (07:12) - Challenges and Concerns with the New Law
  • (08:21) - Defining Beneficial Owners
  • (10:30) - Understanding the Reporting Process
  • (12:33) - Discussion on the Challenges of Compliance
  • (15:52) - Advice for Navigating the New Law
  • (23:10) - What Should People Be Doing Right Now?
  • (40:05) - Updates on the Employee Retention Credit
  • (44:23) - Final Thoughts and Thanks For Listening

Get NASBA Approved CPE or IRS Approved CE
Launch the course on EarmarkCPE to get free CPE/CE for listening to this episode.

Connect with the Hosts on LinkedIn
Roger Harris
Annie Schwab

Review
Leave a review on Apple Podcasts or Podchaser

Subscribe
Subscribe to the Federal Tax Updates podcast in your favorite podcast app!

This podcast is a production of the Earmark Media

The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

All content from this podcast by SmallBizPros, Inc. DBA PADGETT BUSINESS SERVICES is intended for informational purposes only.

  continue reading

54 bölüm

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