Breaking Down the Corporate Transparency Act, with Craig Cody

Episode 61:

Craig S. Cody is a Certified Public Accountant, Certified Tax Coach, bestselling author, and business owner with over 22 years of experience helping agencies keep more of what they make. Craig is also the host of The Progressive Agency Podcast. Prior to his current work, Craig spent seventeen years with the NYPD, where he retired as a Lieutenant in September 2000.

Craig Cody & Company focuses on proactive tax planning, small agency accounting, and tax preparation, but what really excites the team is helping agencies spot mistakes and uncover missed opportunities that cost them thousands in taxes.

In this solocast episode, Craig welcomes everyone back to the official relaunch of the Progressive Agency Podcast. He breaks down the new Corporate Transparency Act and what that means for agency owners. He explains what it is, how it will be enforced, deadlines, penalties, and who needs to file under this new act. If you’re a small to medium-sized agency owner, this episode will highlight some important upcoming changes for your business that you don’t want to miss.

What you will learn in this episode:

  • What is the Corporate Transparency Act?
  • How this new act will affect small- to medium-sized agencies
  • 3 things for agency owners to know under this new act
  • Who is exempt from filing?
  • How agency owners can file correctly and what needs to be reported
  • Upcoming deadlines and notifying FinCEN of any changes to your agency