Sterling C. Couch, III, CPAs, PC
Your Trusted Partner For Mandatory Compliance
We handle your mandatory filing.
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with a low one-time fee.
The compliance deadline of December 31, 2024, is hard and final, with possible late reporting penalties of up to $591 per day.
Sterling C. Couch, III, CPAs, PC, a firm in business for over 38 years, specializes in helping small businesses navigate the complexities of the CTA.
The Corporate Transparency Act forces companies to reveal their true owners, exposing previously opaque business structures.
By exposing beneficial owners, the CTA aims to hinder financial crimes like money laundering and terrorism financing.
The CTA marks a shift towards greater transparency in the corporate world, requiring businesses to adapt and comply with new reporting regulations.
The CTA requires certain US and foreign companies to disclose their beneficial ownership information to FinCEN. This includes most corporations and LLCs but excludes public companies, government entities, and certain large operating companies.
Reporting entities must provide details about the company, including its legal name, address, and EIN/TIN. They must also disclose information about individuals who own or control 25% or more of the company, including their full legal names, addresses, and dates of birth.
The CTA aims to combat money laundering, terrorism financing, and tax evasion by creating a database of beneficial owners. Also, if you don't file the reporting, you are potentially subject to a potential massive penalty of $591 per day. Just another form of a tax on small businesses by our by our government.
Meet the reporting deadlines for The Corporate Transparency Act Reporting. For existing companies, the initial report is due by January 1, 2025, while new companies must file within 30-90 days of formation.
We will determine your reporting obligations and potential risks under the Corporate Transparency Act.
We will prepare and accurately file your Corporate Transparency Act reporting in a timely manner.
Eliminate the possibility of significant fines and penalties of up to $591 per day imposed by the Financial Crimes Enforcement Network.
Working with Sterling has been a game-changer for my business. They're incredibly responsive, knowledgeable, and always go the extra mile to ensure I understand my financials. I highly recommend them!
Burt Jamesson, Small Business Owner
We've been working with Sterling C. Couch, III, CPAs, PC for several years now, and they've consistently provided us with exceptional financial guidance. Their expertise has helped us make informed decisions and achieve significant growth.
Sarah Wallenberg, CEO
I was initially intimidated by the complexities of taxes, but Sterling's firm made the process so easy and stress-free. They're patient, explain everything clearly, and always have my best interests in mind.
Emily Davis, Individual Client
7446 Oak Bay Rd.
Port Ludlow, WA 98365
(360) 437-6888
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