New FinCEN reporting rules approaching

New FinCEN reporting rules approaching

The “beneficial ownership” disclosure requirements are a challenge for both small businesses and accountants, and more of today’s top stories.?

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New FinCEN reporting rules approaching

Starting on Jan. 1, 2024, most U.S. corporations, limited liability companies and U.S. operations of foreign companies will be required to report information about their beneficial owners to FinCEN.

In other news today:

Tax departments have too few resources

Nearly half the leaders of corporate tax departments believe they're severely under-resourced when it comes to technology and hiring, according to a recent survey.

IRS contractor charged in leak of billionaire taxpayer info

An IRS consultant allegedly leaked confidential tax information on former President Donald Trump and billionaires to The New York Times and ProPublica.

The Leadership Files: Jennifer Leary

The chief of CLA shares the importance of empathy, authenticity and drive.

M&A roundup: A flood of different deals

Top 100 Firms, wealth managers, PE-backed platform firms and others announced a number of acquisitions and mergers.

Renovating your back office

For accounting firms to scale, they need to build a stronger infrastructure of professional HR, marketing, IT and other support systems, explains Rachel Anevski.

Oren Adler, CPA

CPA | Tax-Strategy, Tax-Savings | Business & Personal clients. Start-Ups, Existing Business.

1 年

Isn't it the same as the K1s... Down to an individual level?

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