Salt Lake UT Corp. Transparency Act Compliance Filing: BOIR Assistance Launched

PRESS RELEASE
Published September 5, 2024

Recent data from CSC Global indicates that many businesses are concerned about their compliance with the Corporate Transparency Act (CTA). Recognizing that the new regulations may be challenging for SMBs, CTA Compliance Help, LLC is now offering filing assistance to businesses in Salt Lake City and throughout Utah.

To learn more, visit: https://ctacompliancehelp.org/home?am_id=bob588

The CTA was introduced to prevent money laundering and financial crimes by requiring companies to report ownership and control details to the Financial Crimes Enforcement Network (FinCEN), a department within the U.S. Department of the Treasury. Failing to meet these regulations can result in hefty fines, daily fees, and possible legal consequences. CTA Compliance Help, LLC was established to simplify this process for small and medium businesses, helping them meet federal compliance requirements with ease.

"We are not a law firm, but we believe it is fundamentally important to provide a service that is straightforward and cost-effective enough that our customers don't waste any time wading through the regulatory manual and the Act itself to comply with these regulations," a company spokesperson said.

According to a CSC Global press release shared by BusinessWire, 83% of businesses surveyed are worried about whether they are fully compliant with the CTA, while only 1% felt no concerns at all. Despite the law being in effect since January 1, 2024, only 45% of businesses are aware of the reporting requirements, and just 39% can recall the reporting deadlines.

For business owners uncertain about whether the CTA applies to them, a no-obligation quiz is available on the CTA Compliance Help, LLC website to help determine if the law affects them.

CTA Compliance Help, LLC provides three tiers of filing assistance: standard, rush, and immediate. All options include a compliance review and direct support via phone or email from their U.S.-based team.

"Non-compliance is a nightmare waiting to happen! Our goal is to help small business owners become compliant and avoid losing their company due to fees and federal prosecution," the company spokesperson said.

About CTA Compliance Help, LLC

Founded by attorney Curry Andrews, CTA Compliance Help, LLC is based in Idaho, with an additional office in Utah. In response to increasing demand, the company now offers CTA filing assistance services across the nation.

For additional information, visit: https://ctacompliancehelp.org/home?am_id=bob588

CTA Compliance Help LLC


P.O. Box 166
American Falls
ID
83211-0166
United States

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