On June 5, 2019 the SEC adopted a new rule under the Securities Exchange Act of 1934, establishing a standard of conduct for broker dealers and natural personals who are APs of broker dealers. Regulation Best Interest enhances the broker…
Tax Brief: Looking to Minimize Tax Cost for Cash Withdrawals?
Do you want to withdraw cash from your closely held corporation at a minimum tax cost? The simplest way is to distribute cash as a dividend. However, a dividend distribution isn’t tax-efficient since it’s taxable to you to the extent…
Audit Brief: Why the Audit Footnotes Are So Important to Your Investors
Footnotes appear at the end of a company’s audited financial statements. These disclosures provide insight into account balances, accounting practices and potential risk factors — knowledge that’s vital to making well-informed lending and investing decisions. Here are examples of key…
Tax Brief: Important Tax Aspects of Operating Your Business as a Sole Proprietor
If you’re in business for yourself as a sole proprietor, or you’re planning to start a business, you need to know about the tax aspects of your venture. Here are eight important issues to consider: 1. You report income and…