Many businesses use independent contractors to help keep their costs down. If you’re among them, make sure that these workers are properly classified for federal tax purposes. If the IRS reclassifies them as employees, it can be a costly error….
Audit Brief: During Tough Times, Receivables May Be a Source of Cash
Many companies are continuing to struggle financially during the COVID-19 pandemic. If cash is tight, what can your business do to shorten its cash cycle? The answer could lie in your outstanding accounts receivable. Here are five strategies to help…
FINRA Exam to Focus on SAR Filings of Broker Dealers
FINRA has provided advice for Broker Dealers to Fight Fraud. Given internet globalization and increase in technology and data, criminals and fraudsters are operating against firms and their clients at a much larger scale than ever before. Therefore, FINRA’s regulatory…
Compliance Watch: NFA Commodity Pool Filing Requirements Update
NFA recently adopted Compliance Rule 2-50 with a related Interpretive Notice, CPO Notice Filing Requirements. Effective June 30, 2021, CPO Members and the pools they operate must notify NFA of any potential financial issues that may impact a CPO’s ability…