On April 10, 2024, GHA’s Tom Addis will present a webinar on the federal Corporate Transparency Act that went into effect on January 1, 2024.  Tom has been working with existing and new clients in navigating the reporting requirements under the new law.   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 operating in or accessing the country’s market. Under the new legislation, businesses that meet certain criteria must submit a Beneficial Ownership Information (BOI) Report to the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN), providing details identifying individuals who are associated with the reporting company.  The webinar is presented in conjunction with the Illinois Small Business Development Center for the Metro East at Southern Illinois University – Edwardsville.