The Corporate Transparency Act (CTA)

National Tax Advisory Group | Prager Metis | Feb 02, 2024

Commencing on January 1, 2024, the federal Corporate Transparency Act (CT) may require many domestic and foreign entities with less than $5,000,000 of annual gross receipts and fewer than 20 employees to file an informational statement with the federal Financial Crimes Enforcement Network (FinCEN).  Violations of reporting requirements may include criminal penalties of up to $10,000 and/or possible imprisonment of up to two years, and civil penalties of not more than $500 per day.  Click here to read more

2024-02-08T13:29:39-05:00
Featured UK
Jan 07, 2025
Martine Mbida
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UK Audit requirements (that may affect UK subsidiaries that are members of worldwide groups)

UK Audit Requirements Guide: Understanding audit exemptions and thresholds for UK subsidiaries within worldwide groups, including key qualifying conditions under Companies Act 2006 sections 477 and 479, updated requirements effective 6 April 2025, and essential considerations for small companies and group members. Learn more about qualification criteria, member rights, and compliance obligations for your UK business

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