Sponsored On Demand: Beneficial Ownership Reporting for CPAs

OL1281  |  On Demand Course  |  Update  |  Self-Study

Description

The CPE course on Beneficial Ownership Reporting for CPAs, led by Charles Wismer of FincenFetch, provides guidance on planning a CPA firm strategy for managing FinCEN's reporting requirements under the Corporate Transparency Act (CTA). The data in this presentation has been collected from over 5,000 conversations with firms and condensed to a one-hour course sharing critical information for CPAs. Beneficial Ownership Information (BOI) reports are required for most U.S. companies to enhance transparency and combat financial crimes with 40M companies needing to file by the approaching deadline. The course identifies what CPAs must know about the CTA, opportunities, issues, and best practices for accounting firms to support clients with these filings, as many business owners find the self-filing process complex and prone to errors. It underscores the importance of planning processes to streamline reporting, reduce errors, and manage the expected filing volume effectively. Additionally, CPAs are informed on how to educate clients about fraud risks, utilize tools to support compliance, manage data, and reduce liability.

Credits

Number of Credits Type of Credits
1.00 Business Management & Organization

Highlights

  • 6 key elements of BOI reports for CPAs to know
  • FinCEN BOI initial report market
  • Ongoing updated reports requirements and firm programs
  • Why clients expect CPAs to help with FinCEN reporting
  • Problem 1 with self-filing: FinCEN’s 60-page guide
  • Problem 2 with self-filing: the direct filing portal Avoiding fraudulent letter scams
  • The 8 essential steps of each BOI report
  • Optimizing and automating the 8 steps
  • The 4 critical considerations of your ongoing CTA compliance operations plan
  • Reducing liability for FinCEN filings

Prices

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$0.00
Non-Member (Early Bird)
$30.00
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Non-Member
$30.00
Your Price: $30.00

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Instructors

Charles Wismer

Charles Wismer is a recognized leader in the FinCEN compliance landscape. Charles, as the CEO of FincenFetch, has guided the platform to become a premier solution for BOI filing, trusted by hundreds of leading firms throughout the U.S. Anticipating the needs of the market, FincenFetch began crafting CTA filing solutions two years prior to the introduction of Corporate Transparency Act filings.

During this developmental phase, Charles and his team engaged in thousands of conversations with professionals from accounting and law firms, collecting critical insights that have shaped industry standards and best practices. Charles previously served as a managing partner at Diode Capital, a venture capital fund focused on emerging technologies, which continues to inform his work; he remains an active member of their investment board.

At Diode, Charles applied his prior management expertise from overseeing fund and family office operations and directing engineering teams. Over the prior decade, Charles has managed engineering teams to design and implement cutting-edge technology solutions across various industries, including real estate, telecom, decentralized databases, and AML/KYC compliance - the latter of which placed the Corporate Transparency Act on his radar in early 2022.

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