Small Businesses... This Targets You!


Corporate Transparency Act (CTA) Compliance:
Act Now Before It's Too Late. 
January 1, 2025 Deadline Or...    Risk Penalties Of Up To $591 Per Day For Not Reporting 

Sterling C. Couch, III, CPAs, PC
Your Trusted Partner For Mandatory Compliance

We handle your mandatory filing.

It's simple, quick, and affordable.

Get started today
with a low one-time fee.


GET STARTED NOW


Compliance with the Corporate Transparency Act (CTA) is mandatory, crucial, and very serious.  It is administrated by the Financial Crimes Enforcement Network (FinCen), a bureau of the U.S. Department of the Treasury.

The compliance deadline of Jan. 1, 2025, 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 Purpose Of The Corporate Transparency Act: Unmasking Business Owners

A close-up of a hand holding a magnifying glass over a stack of documents labeled 'Company Records'mpany Records,' revealing a hidden layer beneath that shows names and addresses of the beneficial owners. The scene should be lit by a single, focused beam of light, emphasizing the transparency being brought to the records.

Shining Light on Hidden Ownership

The Corporate Transparency Act forces companies to reveal their true owners, exposing previously opaque business structures.

A dramatic scene depicting a cityscape with a network of dark, winding alleys, representing illicit financial flows. A digital overlay of the CTA logo, radiating a bright light, illuminates the alleys, revealing hidden figures attempting to carry out suspicious transactions. This highlights the act's role in exposing and preventing criminal activities.

Combating Financial Crime and Fraud

By exposing beneficial owners, the CTA aims to hinder financial crimes like money laundering and terrorism financing.

A stylized image of a corporate boardroom, with executives gathered around a table. A digital screen displays the text of the Corporate Transparency Act, while a holographic representation of a globe spins in the background, symbolizing the global reach of the new regulations. The overall mood should be one of change and adaptation, with a focus on the new compliance landscape.

A New Era of Transparency and Compliance

The CTA marks a shift towards greater transparency in the corporate world, requiring businesses to adapt and comply with new reporting regulations.

Understanding the Corporate Transparency Act: 

Who, What, and Why

A graphic depicting two scales. On one side, a large building labeled 'Public Company' and on the other side, a smaller building labeled 'Private Company'. Arrows point towards the private company side to indicate that the CTA applies more to them.

Who Must Report?

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.

A stylized image of a corporate structure with different levels: company name at the top, followed by 'Beneficial Owner' information, then 'Company Information' and finally 'Applicant Information', with arrows pointing downwards to show the flow of information.

What Information Must Be Reported?

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.

Why is the CTA Important?

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.

A digital illustration of a hand reaching for a glowing orb labeled 'Transparency' that is hovering over a shadowy, indistinct figure labeled 'Shell Company'. This represents how the CTA shines light on hidden ownership.

Navigating the Corporate Transparency Act:

Compliance Guide for Businesses 

Do the following...  Or just let us do it all for you.

Determine who exercises substantial control or owns at least 25% of the company's ownership interests, including senior officers, decision-makers, and those with ownership through various means like shares or voting rights.

A business meeting room with a whiteboard showing a company structure diagram with various roles highlighted, including CEO, CFO, and shareholders. A group of business people are gathered around the whiteboard, discussing and pointing to the diagram, trying to identify their company's beneficial owners.
A businessperson working on a laptop in a modern office. The laptop screen shows a calendar with a highlighted date marking the deadline for filing a Corporate Transparency Act report. The person is stressed and looking worried about meeting the deadline.

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.

The CTA is complex and constantly evolving. Seek guidance from CPAs or legal professionals to ensure compliance and avoid potential penalties.

A businessperson sitting at a desk in an office, talking on the phone to a lawyer. The person has paperwork spread out in front of them, including a document titled "Corporate Transparency Act Compliance Guide." The person is listening intently to the lawyer, trying to understand the complex requirements of the law.

Corporate Transparency Act (CTA) Services

Offered By Sterling C. Couch, III, CPAs, PC

A photorealistic image of a CPA, wearing a suit, sitting at a desk with a laptop open. The laptop screen displays a chart showing different categories of companies affected by the CTA. There are stacks of documents and a financial calculator on the desk. The room is well-lit with warm, natural light. The image should convey a sense of professionalism, expertise, and confidence. The image should be in an 8K resolution, ultra-detailed, with sharp focus on the CPA's face and the laptop screen. The colors should be muted and earthy, creating a sense of calm and trustworthiness. The background should be a clean, modern office setting with a bookshelf in the background, subtly hinting at the CPA's knowledge and experience. The overall mood should be one of calm professionalism and problem-solving.

We will determine your reporting obligations and potential risks under the Corporate Transparency Act.

A photorealistic image of a hand holding a pen, meticulously filling out a form labeled "Beneficial Ownership Information" on a desk. The form is detailed and contains sections for company information, beneficial owner details, and applicant information. The desk is made of rich mahogany wood and is surrounded by books and legal documents. The lighting should be soft and diffused, highlighting the form and the pen. The image should be in a 4K resolution, ultra-detailed, with a close-up view of the form. The colors should be warm and inviting, emphasizing the meticulous nature of the task. The background should be a dimly lit, luxurious office with a view of a cityscape, suggesting professionalism and high-stakes compliance. The image should convey a sense of accuracy, attention to detail, and the importance of timely reporting.

We will prepare and accurately file your Corporate Transparency Act reporting in a timely manner.

A photorealistic image of a group of people, diverse in age and ethnicity, sitting around a table in a boardroom. They are attentively listening to a CPA, dressed in a smart business attire, delivering a presentation on the CTA. The presentation is displayed on a large screen, with graphics and visuals highlighting key aspects of the law. The boardroom is modern and well-lit, with large windows offering a view of a cityscape. The image should be in a 4K resolution, ultra-detailed, with a focus on the facial expressions of the participants. The lighting should be soft and even, highlighting the speaker and the participants. The colors should be vibrant and energetic, reflecting the importance of collaboration and knowledge sharing. The overall mood should be one of active learning and confident understanding.

Eliminate the possibility of significant fines and penalties of up to $591 per day imposed by the Financial Crimes Enforcement Network.

Sterling C. Couch, III, CPAs, PC

Trusted by Over 14,000 Small Business  Clients Since 1986

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

Corporate Transparency Act Compliance

Don't Face the Potential $591 Daily Penalty

We handle your mandatory filing
It's simple and affordable
 Get started today with a low one-time fee!

Get Started Now

Sterling C. Couch, III, CPAs, PC

7446 Oak Bay Rd.
Port Ludlow, WA 98365
(360) 437-6888

© Copyright 2024