Are you starting to view your accumulated stock as overwhelmingly large? If you’ve accumulated enough to begin worrying about whether you’re managing it properly, you have two very different conflicting thoughts about your investment. One thought might be that your stock is a source of great potential. You’ve seen the good going on at your […]
Financial 101
Extra Cash: Make it Work For You with a Savings Plan
People often approach financial advisors with concerns about cash building up in their savings accounts. It’s not a bad problem, but if it’s sitting in savings accounts with low interest rates, it’s an underutilized asset. If you’re in a similar situation, like these people, you might be concerned about spending your extra cash. It’s a […]
The Best Way to Manage RSUs
Many employees receive Restricted Stock Units (RSUs) as part of their regular compensation, which are shares of ownership (i.e. stock) in the employer’s company. If you’re one of these employees, you have to decide when to sell your RSUs. How RSUs compensation works RSUs are awarded at a regular time, such as during an annual […]
Look Out for Broker Dealer Audit Deficiencies in These Areas
Every year, the Public Company Accounting Oversight Board (PCAOB) releases a report of broker dealer audit findings under its interim inspection program. For nine years in a row, the report indicated a high level of broker dealer audit deficiencies in certain areas of engagement performance. The importance of the PCAOB’s oversight The PCAOB exists to […]
It’s Easy to Prepare for a Successful Broker Dealer Audit
Your broker dealer audit is easy to prepare for if it’s treated as a work-in-progress throughout your company’s fiscal year. Viewing it as an ongoing project requires your business to stay compliant with current guidelines and regulations. This means implementing new measures as they come, reducing large scale interruptions to your business. Part of preparing […]
A Quick Guide to Your First Broker Dealer Audit
The requirements for broker dealer audits exist to protect investors from unregulated activity. Though broker dealers are expected to conduct their own internal investigations, external entities agencies are necessary for objectivity. Once a year, investment advisory and venture capital firms that are registered with the Public Company Accounting Oversight Board (PCAOB) must audit their broker […]
Working with another nonprofit? Here’s how to divide up financial reporting.
Sometimes, nonprofit organizations will work with other companies to accomplish things better together. With these arrangements, both companies can save money and do their job more efficiently. Working with other companies is often a great idea, but it is critical that your accounting departments know how to accurately report these collaborations to the government. Reporting […]
Failed to file your Form 990s? Here’s how your nonprofit can regain tax-exempt status
Not-for-profit companies must stay up to date on filing form 990 or 990-N with the IRS in order to maintain tax-exempt status. If at all possible, it’s best to avoid losing tax-exempt status in the first place, because failing to uphold California nonprofit audit compliance requirements means your company may be subject to corporate taxes […]
Thoughts on Finding a New Executive for Your Nonprofit
One of the things we talk to businesses that use our nonprofit audit services is the necessity of planning ahead for an executive search. Although your company might not be concerned about the immediate loss of your executive, knowing how you will find the next one in advance is advantageous. That’s because it normally takes […]
Strategic planning: Not exclusively a vision of the future
As a complement to our California nonprofit audit services, we help companies with strategic planning. This term makes most people think of long-term planning, but there’s another approach to consider as well. Real-Time Strategic Planning (RTSP) allows your nonprofit more flexibility when looking to the future. Opportunities and challenges can present themselves at any time, […]