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Weekend Reading For Financial Planners (May 6-7)

Nerd's Eye View

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week’s edition kicks off with the news that the House Financial Services Committee unanimously passed a bill that would direct the SEC to conduct a study and carry out a rulemaking on the definition of a "small entity" to reduce the compliance burden on small businesses, (..)

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Drafting RIA Advisory Agreements: Best Practices And Essential Elements To Include

Nerd's Eye View

Finally, the advisory agreement should include provisions for how it may be amended, modified, or terminated, as well as standard legal ‘boilerplate’ language and, of course, a space for the adviser and client to sign the agreement (either physically or electronically).

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Drafting RIA Advisory Agreements: Best Practices And Essential Elements To Include

Nerd's Eye View

Finally, the advisory agreement should include provisions for how it may be amended, modified, or terminated, as well as standard legal ‘boilerplate’ language and, of course, a space for the adviser and client to sign the agreement (either physically or electronically).

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Don't get an "F" on FBAR

Brown Advisory

We work closely with our clients and their outside professional advisors to identify when FBAR filings are required and to help facilitate compliance. FBAR compliance was enforced by the Treasury Department’s Financial Crimes Enforcement Network bureau, or FinCEN until 2003, when enforcement was delegated to the IRS.

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Tax Savings Tips for Startups

Harness Wealth

Whether tracking business mileage for vehicles or calculating the business-use percentage of electronic devices, consistent methodology supports defendable deductions. Meeting safe harbor provisions requires either paying 90% of current year tax liability or 100-110% of prior year taxes, providing a clear framework for compliance.

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A Guide to Idaho Tax Forms

Harness Wealth

One of the reasons Idaho uses state-specific tax forms is to ensure compliance with local tax codes that may differ from federal requirements. They are available online through the Idaho State Tax Commissions official website, where taxpayers can download, print, or even file electronically.

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5 Benefits of Using E-Signatures in Financial Advisory

BlueMind

Related Read: Reducing Compliance Risk with Technology. This goes to show that using electronic signatures has a promising future. E-Docs Ensures Compliance and Increased Security Following regulatory compliance is an extremely important matter for you as an advisor. It is projected to grow to $14.1 billion by 2026.