Navigating New Beneficial Ownership Rules

Federal Tax Updates

Earmark Media, Roger Harris, EA, Annie Schwab, and CPA에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 Earmark Media, Roger Harris, EA, Annie Schwab, and CPA 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.

11M ago 44:02

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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.

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(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

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

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