While many businesses have been forced to close due to the COVID-19 pandemic, some entrepreneurs have started new small businesses. Many of these people start out operating as sole proprietors. Here are some tax rules and considerations involved in operating…
Work Opportunity Tax Credit Extended Through 2025
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…