MIKI Mondays: Everything You Need to Know about the Corporate Transparency Act
Date/Time
4/22/2024 11:30 AM - 12:30 PM Central
Sponsors
Event Type(s)
IACCE Event
Event Description
Enacted in 2021, the CTA aims to combat illicit activity including tax fraud, money laundering, and financing for terrorism by capturing more ownership information for specific U.S. businesses. The new legislation took effect in January 2024 and requires small businesses to register their ownership information with the US Department of Treasury. Failure to do so can result in fines and penalties most small businesses are not prepared to pay. Learn how your chamber can be a resource to protect your small business members.