Deadlines
  • UAESep 30: Corporate tax return and payment due for calendar-year taxpayers
  • IndiaSep 30: DIR-3 KYC filing due for company directors
  • IndiaSep 30: Tax audit report (Form 3CA/3CB-3CD) due
  • IndiaOct 7: TDS/TCS deposit due for the previous month
  • IndiaOct 11: GSTR-1 filing due for monthly GST filers
  • USOct 15: Extended Form 1120 and Form 5472 returns due
  • IndiaOct 20: GSTR-3B and GST payment due for monthly filers
  • AustraliaOct 28: Quarterly BAS lodgement and payment due
  • IndiaOct 30: LLP statement of account and solvency (Form 8) due
  • AustraliaOct 31: Individual tax return due for self-lodgers
  • UKOct 31: Paper Self Assessment return due
  • IndiaOct 31: Income tax return due for companies and audit cases
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compliance

Corporate Transparency Act Explained

By BookMyLLC ExpertMarch 12, 20268 min read
Corporate Transparency Act Explained

Corporate Transparency Act: What LLC Owners Need to Know

The Corporate Transparency Act (CTA) is a federal law that requires LLCs to report beneficial ownership information to FinCEN.

Key Requirements

Disclose all beneficial owners (25%+ ownership or substantial control). Provide personal identifying information. Update changes within 30 days. Penalties for non-compliance include fines up to $10,000 and potential imprisonment.

Exemptions

Large operating companies (20+ employees, $5M+ revenue, physical US office), banks, credit unions, and certain regulated entities may be exempt.

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