The Corporate Transparency Act: What It Is and Why Every Trustee and Business Owner Should Begin Preparing

The Corporate Transparency Act: What It Is and Why Every Trustee and Business Owner Should Begin Preparing

By Bryan Johnson, Esq. Corporate Transparency Act The Corporate Transparency Act (CTA) was created under the Anti-Money Laundering Act of 2020 and goes into effect on January 1, 2024. The CTA seeks to prevent individuals from using anonymous shell companies to engage in illegal financial activities, such as money laundering and terrorism. It requires privately…

Those Who Are Self-Employed Must Address These 3 Concerns
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Those Who Are Self-Employed Must Address These 3 Concerns

Self-employment often comes with the freedom that many individuals seek. However, there are various added responsibilities that those who are self-employed face. As a matter of fact, here are three important issues that should be addressed by the self-employed and the attorneys helping them plan: Safeguard Your Financial Future While employers typically offer retirement accounts…

Did You Know of the Corporate Transparency Act?
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Did You Know of the Corporate Transparency Act?

The Corporate Transparency Act, or the CTA, enhances corporate transparency to combat money-laundering, terrorism, tax evasion, and other financial crimes. It does so by setting up a national database that identifies the humans behind the companies. This database helps law enforcement sift through companies used for nefarious purposes.  The Objectives of the Corporate Transparency Act…

Tax Cuts and Jobs Act of 2017
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Tax Cuts and Jobs Act of 2017

By R. Zebulon Law, Esq. LL.M., CPA This morning (December 22, 2017), President Trump signed H.R. 1, the Tax Cuts and Jobs Act.  This is the most significant tax legislation in 30 years, and we wanted to share some of our initial impressions and observations with our clients and friends. Probably the most signification change…