FincenFetch’s Corporate Transparency Act Filing Software: Navigate Lucrative Compliance Opportunities
With 33 million reporting companies preparing to submit Beneficial Ownership Information (BOI) reports, the Corporate Transparency Act (CTA) opens a rare and lucrative opportunity for accounting and law firms. Ask yourself: Is your firm ready to capitalize on this growth market?
Navigating the Corporate Transparency Act
The Corporate Transparency Act, enacted in 2021, combats the risks associated with anonymous shell companies and hidden ownership structures used in illegal activities like money laundering and tax evasion. CTA mandates that U.S. reporting companies disclose their beneficial ownership information (BOI) to FinCEN to enhance transparency and protect the U.S. financial system.
Starting January 1, 2024, U.S. companies must submit their BOI reports within a strict timeframe. Failure to meet these compliance requirements can result in daily civil penalties of up to $591 and criminal penalties of up to $10,000 or imprisonment for willful violations.
Unlocking Corporate Transparency Act Revenue Potential
In 2024, the CTA’s mandatory reporting is projected to generate a $20 billion filing market. Almost every U.S. business will be required to comply, with only 23 specific exemptions.
For accounting and law firms, this compliance demand represents a significant revenue opportunity. By offering specialized BOI reporting services using the FincenFetch Corporate Transparency Act Filing Platform, firms can ensure clients meet their obligations while unlocking new revenue streams.
Empowering Junior Staff to Drive CTA Compliance Profits
Even junior staff can play a key role in revenue generation with the FincenFetch CTA Filing Platform, potentially earning $1,600 to $2,400 per hour through CTA compliance work in 2024.
The complex requirements of CTA compliance offer firms a unique opportunity to upskill staff into compliance specialists, ready to meet client needs efficiently. FincenFetch’s platform automates much of the process, allowing junior team members to manage filings with confidence and accuracy.
By leveraging FincenFetch’s software, firms can transform staff members into productive compliance experts, empowering them to handle compliance demands while maximizing revenue.
Discover how even your junior staff can become powerhouses with the FincenFetch Corporate Transparency Act Filing Platform, earning $1,600 to $2,400 an hour through CTA compliance work in 2024!
The Fetch Link: Simplifying Beneficial Ownership Information Reporting
BOI reporting requires detailed information on beneficial owners, including name, residential address, and government-issued ID, as well as key company data. The Fetch Link from FincenFetch simplifies this often time-consuming data collection process.
When your firm uses Fetch Link, clients can easily provide the necessary data through a guided experience that clarifies each requirement and reduces errors. This tool allows staff to file 4 to 6 reports per hour, boosting productivity and maximizing hourly revenue.
Using the Fetch Link not only ensures profitability but also positions your firm to capture a significant share of the $20 billion market through unmatched efficiency in BOI reporting.
Seizing Profitable Opportunity: Filing BOI Reports with FincenFetch
Every U.S. reporting company must meet CTA requirements, with over 33 million filings anticipated. For law and accounting firms, the FincenFetch Platform offers a streamlined, profitable way to capitalize on this mandatory reporting obligation, ensuring clients meet their compliance needs while generating revenue.
Seize this opportunity – schedule a software demo with FincenFetch today. Discover how our platform can boost your firm’s revenue and help your clients navigate their CTA compliance responsibilities efficiently.
