Small Business Tax Savings Podcast
Business:Entrepreneurship
Send us a text
Do you want to learn more about Corporate Transparency Act and how it can benefit your business? In this episode of the Small Business Tax Savings Podcast, Mike welcomes John R. Strohmeyer. John is an attorney providing legal services covering Estate Planning & Probate, Tax: Business and International, and Business / Corporate. After working for law firms for nearly nine years, I started Strohmeyer Law so that I could bring what I learned about client service from the Four Seasons to the legal industry.
John covers what information needs to be reported such as legal names, dates of birth, residential addresses, identifying documents, and photocopies of those documents.
Tune in now and hear John explains potential penalties for not filing and remind people to get this done ahead of time!
[00:23] Corporate Transparency Act Explained
[04:14] What Is The Purpose Of The Corporate Transparency Act
[13:16] Understanding How The Corporate Transparency Act Can Help Your Business
[24:33] Closing Segment
Key Quotes
“When a new client comes in and says, “Hey, I want an LLC.” Great. Until we have all of your information and it's ready to file. Once you've got it, we'll be able to nail all of your other Corporate Transparency Act requirements so you don't have to think about it. And until those beneficial owners change or some of their information changes, there's nothing else to file.” – John R. Strohmeyer
______
Connect with John through his:
Website: Strohmeyer Law
LinkedIn: @johnthelawyer
Facebook: John Strohmeyer
Twitter: @johnthelawyer
______
Podcast Host: Mike Jesowshek, CPA - Founder and Host of Small Business Tax Savings Podcast
Join Our Tax Minimization Program: https://www.taxsavingspodcast.com/tax
IncSight Packages: https://incsight.net/pricing/
Book an Initial Consultation: https://app.simplymeet.me/o/incsight/sale
-------
Podcast Website: https://www.TaxSavingsPodcast.com
Facebook Group: https://www.facebook.com/groups/taxsavings/
--------
To find out more on this topic and many others visit our website at www.TaxSavingsPodcast.com. You can also give us a call at 844-327-9272 or send your questions to us at: Ask@TaxSavingsPodcast.com
What Do I Need to Maintain My Corporate Entity?
What Do I Need To Know About 1099-NECs?
How Does the Home Office Deduction Work?
What Strategies Are Available To Increase College Financial Aid?
What Are The Basics Around Financial Aid For College? What Options Are Available?
What Options Are Available For College Saving?
Do I Have to Pay Taxes If I Sell My Home?
Interview with Dave Zook - Minimizing Taxes Utilizing Real Estate
What Entity Structure Should I Have For A Rental Property?
How Are Short Term Rentals Taxed?
What Expenses Are Available For Rental Properties?
What Is An Active Investor and Real Estate Professional?
What Do I Need To Know About Real Estate Losses?
How Are Real Estate Repairs and Improvements Handled?
How Does Depreciation Work for Real Estate?
How Can I Use a Charitable Remainder Trust (CRT) To Eliminate Capital Gains?
How Is Cryptocurrency Taxed?
Portfolio and Non-Taxable Income - How Is My Income Taxed?
Passive Income - How Is My Income Taxed?
Earned Income - How Is My Income Taxed?
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
Make Me Smart
Tax Chats
WSJ Your Money Briefing
NerdWallet’s Smart Money Podcast
The Indicator from Planet Money