From June 1 – June 2, NFA will host its annual Member Regulatory Workshop for Commodity Pool Operators, Commodity Trading Advisors, Futures Commission Merchants, Forex Dealer Members, Introducing Brokers and Swap Dealers. This year’s program will be entirely virtual and,…
Events & News
Audit Brief: Cash or Accrual Accounting Method, Which Is Best?
Small businesses may start off using the cash-basis method of accounting. But many eventually convert to accrual-basis reporting to conform with U.S. Generally Accepted Accounting Principles (GAAP). Which method is right for you? Cash method Under the cash method, companies…
Tax Brief: IRS Eases K2 and K3 Filing Requirements for 2021
Since the enactment of the Tax Cuts and Jobs Act in 2017, the IRS made significant changes to the Schedule K1. The changes require taxpayers to provide significantly more information to calculate their tax liability for items of international tax…
Tax Brief: Take Full Deductions This Year
The federal government is helping to pick up the tab for certain business meals. Under a provision that’s part of one of the COVID-19 relief laws, the usual deduction for 50% of the cost of business meals is doubled to…