Are you a business owner thinking about hiring? Be aware that a recent law extended a credit for hiring individuals from one or more targeted groups. Employers can qualify for a tax credit known as the Work Opportunity Tax Credit…
Annual Certified Audit Report Deadlines: SEC, Finra, NFA…
Critical dates for submitting certified annual audits: NFA: Futures Commission Merchants , if 12/31 Fiscal Year End: March 1, 2021 (60 days after FYE) Fine is $1,000.00/day if filing is late Commodity Pools, if 12/31 Fiscal Year End: March 31,…
CTA and CPO Common Deficiencies
Below are a few regulatory obligations related to common deficiencies as noted during NFA audits of Commodity Pools and Commodity Trading Advisors. Cybersecurity. Commodity Pools and Commodity Trading Advisors must adopt a written Information Systems Security Program (ISSP) to address…
Year End Audits: Are your financial statements transparent about restrictions on cash?
The basics Restricted cash is a separate category of “cash and cash equivalents” that isn’t available for general business operations or investments. There are many types of restricted cash. For example, companies sometimes set aside money for a specific business…