TFOG - Friday and Mondays updates from the IRS, CFTC, and PBGC.

TFOG (Today from Our Government) a look at the updates on Rules corresponding to Financials from Friday December 14th and Monday December 17, 2012:

From the:

IRS Technical Amendments: Guidance Regarding Deduction and Capitalization of Expenditures Related to Tangible Property.


CFTC Notice: Fees for Reviews of the Rule Enforcement Programs of Designated Contract Markets and Registered Futures Associations.

PBGC Final Rule: Benefits Payable in Terminated Single-Employer Plans, Interest Assumptions for Paying Benefits


2012-30252
   2012-30224

  2012-30202


DCarsonCPA is your web link to the Practice of Dean T Carson II, CPA following the lines of updates on Financials, Accounting Policy and relevant Accounting, Taxation, Compliance, Regulations, Economics, Statistics and Finance for the Strategic and Operational support of Business, Non Profit, Government and Individual needs on Financials. Learn more at www.dcarsoncpa.com available for Project, Advisory and defined needs on Accounting, Taxes, Compliance, and Analysis.

We work with broad streams of Financial Decision Making Research that focus in on Client Application where we meet on services.  We live in a time of changing dynamics in Financial Decision Making, a time where adaptive knowledge on Financial Decision Making needs from Accounting Policy, Taxation and Compliance can all add value on Services through insight. We are following the lines of Big Data for the focused application of Big Knowledge that can add value on Decision Making through resources and insight to the Strategic and Operational needs of Financial Decision Makers.

TFOG 10/15/2012 -SEC Edgar, FDIC Stress Test, USPS Direct Mail offering, and PBGC Final Rule

TFOG (Today from Our Government) following the updates in Rules for Business, Non Profits, Individuals and Regulations in the Nation's Market Place for October 15, 2012

SEC - Edgar Mannual

FDIC - Stress Test Final Rule

USPS - " Every Door Direct Mail"

PBGC - Terminated Single Employer Plans Final Rule


SEC Edgar 2012-24998

FDIC Stress Test Final Rule 2012-25194

USPS - "Every Door Direct Mail" EDDM Test Final Rule 2012-25059

PBGC - Terminated Single Employer Plans Final Rule 2012-25245



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Insider Trading, know the Rules and related notes.

In light of news events today with the WSJ Blog reported conviction of the Founder of Galleon on 14 Insider Trading charges (link to WSJ source http://blogs.wsj.com/marketbeat/2011/05/11/raj-rajaratnam-convicted-what-kind-of-time-are-we-talking/?mod=google_news_blog ), it creates a good opportunity to return to some points we had mentioned before on Twitter and on our FB Page in previous posts. CPAs are bound to high standards as Licensed professionals, in our education process we learn about Accounting, Business Law, Tax Law, Finance, Business Formation and more, much of this to avoid issues like "Insider Trading" and other issues in Business (through Knoweldge of and Compliance with the Rules).


For CPAs (like myself) with specific area expertise in Financial Services we go on to learn more about SEC Laws, FINRA Rules, Capital Markets, Securities and other related factors. In any Financial Services business and for all Investors in Capital Markets a very key and central Law is regarding "Insider Trading," the goal of which is to create a level playing field for Investors so that Market Participants with "Insider Information" are prohibited from Trading on that knowledge (and taking monetary gains on material non-public information) until it becomes Public Information (the goal is preventing Insiders from taking advantage of less informed Investors in the General Public). The best source for background on this is in my opinion the SEC itself follow this link the SEC on "Insider Trading" to Learn more http://www.sec.gov/answers/insider.htm.



Since the SEC is a key part of Financial Market Regulation. If you are an Investor or a participant in Financial Markets, you must know the rules so be sure to know all you can on "Insider Trading" and commit to not becoming a part of Insider Trading to best protect your Financial Assets, Individual Freedom and your Business Reputation all of which are valuable Assets.



On a related note of Interest, since part of what we are doing in career development is pursuing the CFA designation, we can also tell you that a portion of a CFAs preparation path at level 1 is dedicated to thoroughly understanding the rules of Insider Trading so as not to arrive in a position later down the road as an Investment Analyst or Portfolio Manager where you would violate these rules. Portfolio Managers, Reserchers and Analysts and others who are CFAs place significant care on the importance of not violating "Insider Trading" rules. 



We believe that the SEC is a best source of definitions on "Insider Trading" so their link is provided here, but suffice to say that possession of Material Non-Public Information (as was indicated in the WSJ article on the Galleon / Rajaratnam case also cited above), followed by an action to Trade on that Information or Encourage others to Trade on that information would bring you into the Realm of Insider Trading. Insider Trading is about Information and the desire of our government to maintain a level playing field in Financial Markets where Financial Experts are restrained in ways that they expect will support Investor Protection by providing equal information opportunity.



While the SEC provides a key role in segments of Financial Market Regulation, there are also other relevant govenment regulators to consider in other Market Areas. For the context of our discussion here we are Focused on the SEC and their role on Insider Trading on Capital Markets, we would also like to introduce that FINRA a Self Regulating Organization (SRO) is the Financial Industries oversight body which functions to also protect Investors and diminish Insider Trading Operations by assisting in the Control of Market Data information by limiting channels for Insider Communications and otherwise protecting Investors.

TFOG - 7/30 + 7/31 in Recap on Financials - CFTC SWAPS, EBSA/DOL Pensions ERISA, NCUA Credit Unions, NACI, - Insurance

TFOG - Financial Updates from 7/30 + 7/31

Consisting of:

CFTC Final Rule on Swaps, EBSA/DOL Pension Meeting ERISA Advisory Committeee meeting in DC on Aug 28-30, DOT / NACI - Insurance Commission Meeting in DC Aug 1, NCUA - Prop Rule "Troubled Condition" and Comments Request on Liquidity .


CFTC SWAPS - FINAL Rule


EBSA / DOL - Pension Benefit Meeting (ERISA advisory Cmtte) in DC Aug 28-30


DOTreas - meeting on Insurance / FACI Monday Aug 6th



NCUA - Prop Rule "Troubled Condition"


NCUA - Request for Comment FCU Liquidity

DCarsonCPA for Financial Decision Makers in Government, Industry, Non Profit and individual roles working with broad ranging Financial Research of relevance to Financial Decision Makers to support your needs on Accounting, Taxes, Advisory, Financials, Compliance, Analysis and Research. Learn more at wwww.dcarsoncpa.com or e-mail info@dcarsoncpa.com .

TFOG 7/25/12 - SEC Final Rule Security Based Swaps

TFOG 7/25/12 - SEC Final Rule
As corrected by the SEC Review of Security Based Swaps....


2012-17985



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TFOG 7/24/12 - Senate Bill on Securities Penalties - SEC Fines

TFOG 7/24/12:

In the Congress at the Senate:

S. 3416. A bill to enhance civil penalties under the Federal securities laws, and for other purposes; to the Committee on Banking, Housing, and Urban Affairs.

S. 3416 the ‘‘Stronger Enforcement of Civil Penalties Act of 2012’’. Includes in Section 2 Updated Civil Money Penalties for Violations of Securities Laws.

Scope includes SEC Acts 33, 34 & 40 Penalties.

BILLS-112s3416is


DCarsonCPA.com your weblink to the practice of  Dean T. Carson II, CPA following the lines of Decision Making with relevance to Government, Industry, Non Profit and Individual Financials to meet Clients on Services Opportunities and considering the importance of your connection as a Decision Maker to the process and rules of  Governance and Compliance.

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TFOG Monday 7/23/12 CFTC Public Meeting on Tech + SEC Rule

TFOG 7/23/12 CFTC Meeting and SEC Rule:


CFTC: Meeting notice Technology Advisory Committee 7/26/12 - Public Meeting on Tech

SEC: Commission Guidance Regarding Definitions of Mortgage Related Security and Small Business Related Security - Interp and Comments.

1. CFTC:

[Federal Register Volume 77, Number 141 (Monday, July 23, 2012)]
[Notices]
[Page 43064]
[FR Doc No: 2012-17856]

=======================================================================
-----------------------------------------------------------------------

COMMODITY FUTURES TRADING COMMISSION


Meeting; Technology Advisory Committee

AGENCY: Commodity Futures Trading Commission (CFTC).

ACTION: Notice of emergency meeting of technology advisory committee.

-----------------------------------------------------------------------

SUMMARY: The CFTC announces that on Thursday, July 26, 2012, the CFTC's
Technology Advisory Committee (``TAC'') will hold an emergency public
meeting at the CFTC's Washington, DC headquarters, from 10:00 a.m. to
4:00 p.m. The TAC will focus on possible technology solutions to, among
other things, enable futures commission merchant customers, self-
regulatory organizations and the CFTC to verify in near real-time the
accuracy of the amount of funds held in customer segregated accounts.

DATES: The meeting will be held on July 26, 2012, from 10:00 a.m. to
4:00 p.m. Members of the public who wish to submit written statements
in connection with the meeting should submit them by July 19, 2012.

ADDRESSES: The meeting will take place in the Conference Center at the
CFTC's headquarters, Three Lafayette Centre, 1155 21st Street NW.,
Washington, DC 20581. Written statements should be submitted to:
Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st
Street NW., Washington, DC 20581, attention: Office of the Secretary.
Please use the title ``Technology Advisory Committee'' in any written
statement you may submit. Any statements submitted in connection with
the committee meeting will be made available to the public.

FOR FURTHER INFORMATION CONTACT: Laura Gardy, Commodity Futures Trading
Commission, Three Lafayette Centre, 1155 21st Street NW., Washington,
DC 20581, (202) 418-5354.

SUPPLEMENTARY INFORMATION: This emergency meeting of the TAC is being
held in response to the Commission's July 10, 2012 complaint against
Peregrine Financial Group Inc. (PFG), a registered futures commission
merchant (FCM), and its owner, Russell R. Wasendorf, Sr., alleging
fraud by misappropriating customer funds, violations of customer fund
segregation laws, and making false statements in financial statements
filed with the Commission. The filing of the complaint was triggered by
a National Futures Association (NFA) audit conducted earlier this month
which revealed that despite PFG's representations that it held in
excess of $220 million of customer funds, in fact, PFG held
approximately $5.1 million.
    This meeting will focus on technological solutions to providing the
CFTC, self-regulatory organizations, and futures commission merchant
customers direct access to customer segregated account information in
order to help eliminate the possibility of theft and misappropriation
of customer funds. The TAC will explore related technological and legal
issues through panel presentations and open discussion. The meeting
will be open to the public with seating on a first-come, first-served
basis. Members of the public who wish to listen to the meeting by
telephone may do so by calling a toll-free telephone line to contact to
a live, listen-only audio feed. Call-in participants should be prepared
to provide their first name, last name and affiliation. Additionally, a
video recording of the meeting will be published through a link on the
CFTC's Web site.
    All written submissions provided to the CFTC in any form will also
be published on the Web site of the CFTC.
    Domestic Toll Free: 1-866-844-9416.
    International Toll: Under Related Documents to be posted on
www.cftc.gov.
    Conference ID: 8311506.
    Call Leader Name: Michael Jones.
    Pass Code/Pin Code: CFTC.

 Authority: 5 U.S.C. app. 2 Sec.  10(a)(2)

 By the Commodity Futures Trading Commission.
 Dated: July 17, 2012.
Sauntia S. Warfield,
Assistant Secretary of the Commission.
[FR Doc. 2012-17856 Filed 7-20-12; 8:45 am]

SEC: 2012-17763



DCarsonCPA.com is your weblink to the practice of Dean T. Carson II, CPA at work to support Financial Decision Makers across the lines of Government, Industry, Non Profit and Individual roles. Working with insight for Accounting, Taxes, Compliance, Advisory, Financials and Related Research.

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Some Things you should know about Insurance

This is still in Draft form but has been published for cross relevance to another post...will be back to update soon...

Bakground:

The Insurance product is an Investment Decision in your Financials, made as part of your Risk Management Strategy. Insurance products are complex and regulated by the Individual States.

Analysis in overview:

Insurance is a very important element of Business Risk Management and Insurance is classified as a type of Security for Market Regulation purposes. Insurance is Regulated at the State Level. We are not insurance brokers and do not sell Insurance. All notes here are solely an Illustration to educate and inform interested Financial Decision Makers of some relevant points for additional awareness as dealing with Insurance.

In purchasing Insurance you would need to work with a State Licensed Insurance Broker. Insurance Brokers are licensed to improve the quality of customer service and protection in the Industry and are knowledgeable in the coverages and financial aspects of Insurance.

From the pure Financial perspective:

The element of Risk Management, Insuring and portecting your Business is an important element of Managing your Business and for that reason knowledge helps.

Insurance which is again a Securities Product from the level of Regulation is driven by written Contracts. The Contracts have various terms and agreements that are laid out in the body of the Policy itself and the attached "endorsements" or addendums which add coverages. There may also be limitations or disclaimers / exclusions so you need to carefully read Insurance Policies to understand them and should always inquire to be clear on coverages and exclusions

One Attribute to an Insurance Policy regards the Claims aspects of Insurance and concerns the manner in which claims are relevant to a policy.

Claims Made vs. Per Occurrence :
Below is an sample reference chart to in the general sense illustrate the concept of Claims Made vs. Per Occurrence Insurance Policies. There is no intent for these to be "exact terms" with policy basis rather they are just for explanatory Purposes.

Claims-Made vs Occurence Coverage (as Illustrative exanple only).

The Difference Between Claims-Made and Occurrence Coverage Illustration of Coverage Types - Claims Made vs Per Occurrence - NOT for RELIANCE DCarsonCPA at work with knowledge, hands on experience, research and teamwork. Where the opportunity is to support Financial Decision Makers in broad roles of Financial Decision Making in Government, Industry, Non Profit and Individual capacities as decision makers. Here for Clients on Services and to work together on the points through Analysis where Financial Skills may also potentially help on the Economic and Public Finance challenges at the Local, State and National levels. The skills of Accounting, Fianncial Analysis, understanding of Taxation and Government at the various levels is a strong place to start with ideas to help. The rest comes from connecting to and analyzing the broad needs of Financial Decision Makers and how we all connect through Financials and Governance. Learn more at http://www.dcarsoncpa.com/ or e-mail info@dcarsoncpa.com .

The Dewey Bankruptcy and Insurance ( 1 of 2)

Backgrounders:

Some observations from news updates  today on the Dewey Bankruptcy via Reuters :

http://newsandinsight.thomsonreuters.com/Legal/News/2012/07_-_July/A_surprise_$50_mln_insurance_policy_surfaces_in_Dewey_talks/

Placing us back on track for an Earlier look we took at the Lehman Bankruptcy:

http://dcarsoncpa.blogspot.com/2011/09/tri-point-nature-of-bankruptcy-reaching.html

Bankruptcy and Insurance:

Unfortunately in this Economy for the past several years the dimension of Bankruptcies has been an important element due to business failures and stretched finances. Bankruptcy courts are where extremely challenged Financial Entities seek remedy through Restructuring of Debt or through Cancellation of Debt under the various provisions of the US Bankruptcy Laws. At some other point we can recap on those mechanics but at this point our interest was captured by the Insurance element of the Dewey Bankruptcy case above as it had prompted an idea to better communicate with you on the lines of Insurance overall.

We had previously touched upon Bankruptcy in the Lehman case and reaching out to the Three Parties of the Estate with respect to the Assets. They never officially acknowledge or replied to our offer, but I was able to confirm that they took action on the insight we shared. The channels of communication we used would have been sure to have connected with parties that pursued the opportunity. I don't mind because at the end of the day we have built out so many avenues to connect and support Financial Decision Makers that this was just a small dimension of opportunities we see continually. For purposes of this analysis we are focusing on Insurance and then will go back to the Dewey Case. Read on for the element of Insurance:

Focusing on Insurance:

Whether or not it is directly relevant to this specific case one of the key activities in your Entity Accounting Operations work with  is Accounts Payable. Through Accounts Payable, the Balance Sheet and Risk Management Accounting for Purchased Insurance Policies then rolling through the Profit and Loss statement as expenses (subsequent to entry in the Accounting Software). It is an important task at Accounts Payable to make sure Invoices are coded correctly. If they are not there is a cross check on expenses at the month's end where through various methods like vendor checks and accounts analysis the expenses are reviewed. Through these two steps and hopefully not subsequent steps of Internal or External Audit the Insurance Expenses will be correctly Accounted for, properly classified and appropriately picked up on an Insurance schedule.

Controls:

This is a key process with Insurance that helps to confirm that your Insurance Policies are in place and in force so that they are serving as value added viable elements of Risk Management. If this is not happening you run the risk of having issues like lapsed coverage or cases where you have missed coverage, If you have missed coverage you paid the invoice and have coverage but it get's lost in financials and your management may not even know there is a coverage policy when losses are incurred. It is not a common case but it is a real and present danger in Risk Management to have either lapsed coverage or missed coverage that get misclassified may be immaterial to overall accounts and then gets mixed with other class expenses and therefore not seen later. This is a key point where well trained and knowledgeable Accounts Payable and Staff Accountants can make a difference. Responsible parties booking entries need to be aware of ALL vendors and expenses and be appropriately trained to code expenses.

Risks:

As a business becomes larger the risk grows and so do chances for things to be potentially misclassified and overlooked, In Practice there are more control steps as you grow - a Formal Risk Manager, a CCO or COO and others along with the key accounting team that help but cannot guarantee that 100% of the entries will be correctly classed. There will always be some element of risk, but the idea is that through materiality and through awareness and the use of control checklists and compensating duties that all areas will be covered in your financials.

In the outlier of occurrences consider the risk that an expense gets miscoded in AP, missses the cross check at months end and then is misclassified and not material enough to be found. It's a risk that can happen and is prevented by compensating controls through risk management and check lists, Insurance Schedules and other compensating controls including that if you have a good Insurance Broker they would be watching out for you. But there is always the risk and this can happen where controls or procedures are lax. The outlier chance is that when the policy is miscoded and misses the cross checks, Management may not be aware and may miss that a coverage may be dropped or may have been paid and is misssed in reporting.

Add this circumstance to a business loss and you have a missed opportunity for Risk Management with payout consequences or you may have worse the expense, be covered and then not file the claim. There are many types of Insurance policy and if the related policy happens to read "Claims Made"  - see the related post " Some Things you should know about Insurance" in our blog there is a risk that if the Claim is not made within the terms of the policy as "in force" that you will lose the coverage.

The consequence of not being insurred through errors in accounting, misclassifications, miscoding or droped coverages gives rise to the risk of Real Financial Losses and missed opporunities to mitigate the various losses that can occur across the lines of Insurable events. The summary of the matter has real financial consequence and potential to deliver sizeable losses that place your earnings, assets and very business continuity at risk through Financial Exposure. It makes sense to be diligent in Financial Coverages, Risk Management, Accounting Practices and Controls designed to verify that your coverages and Risk Management strategy has been fully deployed across your your Entity. We can help.

Conclusions:

The element of capturing, understanding and verifying your Insurance Coverages is Essential to your business (whether or not quantified here it is a self evident truth of Risk Management). We can help.

The role of your Accounts Payable staff is much more important then you would anticipate. Coding is all about pathways into Financials and if you take the wrong turn you can lose valuable decision making information, potentially this can lead to a succession of issues as momentum builds in errors of misclassification or ommission. You key Controls on Accounting are important at this step, as is staff training and awareness of specialized Vendors and their Expenses. We can help.

The key role of Risk Management and Insurance is to make sure you are covered on Risks to diminish high risk / high impact exposures at a minimum to protect your Financial Entity, Make sure that your Risk Management strategy as designed has been fully implemented across your Business or Other Entity. We can help (*).

(*) We will work with your Insurance Brokers and Risk Management Strategy to confirm matching Accounting Policies and Practices are in place and that you are finding the coverage you need at a price that makes sense from a Compliance Analysis and Financial perspetive. Insurance may also have Tax implications that we can help you to assess as needed.

One of the key roles of Controls in addition to preventing bad actors on financials is also to provide a neccessary system of checks and balances on the path to management, financial, tax and regulatory reporting. We can help.

We are here to assist you improve your practices on Accounting and Controls with the consideration of Four Critical and Concurrent Streams of Financial Reporting that we will cover for you in an article soon to follow. Our Business is about hands on skills, those skills include hands on ownership of Accoutning, Operations and Financials from Journals to Receivables and Payables to Financials to Financial Analysis and Output Reporting including Subsequent Audits and follow ups.The hands on skills with the entry and the experience of Business Analysis to not only consider the input and output data sets, but to also consider and connect with the underlying Data Tables, Calculations, export and import avenues are all good skills sets to work from. Connect that to the larger picture of Government Rules, Industry Standards, Sector needs on Financials, Tax Rules, Analysis, Strategy and more and we can be of significant assistance on your Consulting needs. Find us at http://www.dcarsoncpa.com/ or e-mail info@dcarsoncpa.com .


Outro:

Back on track as I read the Dewey Article it came to my mind that potentially this was one of those outlier cases where someone found an Insurance Policy for $50 Million that was overlooked, fortunately on further read it appears not to be the case. Never the less generically speaking when there are Financial issues like the collapse in this case of a Major Law Firm there are more risks that part of the problem was in the Financials and Reporting Practices. 

This is 1 of 2 Entries on this focusing on the first thought on Insurance the next article will focus on the fascinating and unusual financial case of the collapse of a Major Law Firm from what we can see in the Public Record.


DCarsonCPA,com is your web link to the practice of Dean T. Carson II, CPA following the line of Financials that connect Government, Industry, Non Profit and Individual Financial Decision Making we see the many opportunities for services through knowledge, experience, research and teamwork. The skills of discovery and the analytics are tools we use on a regular basis in many diverse ways to solve problems for Clients on Services . The points of discussion exist to share ideas and points of where we may be able to help on Services or Research or otherwise find interest in the topic matter. Learn more at http://www.dcarsoncpa.com/ or inquire at info@dcarsoncpa.com .

TFOG - 6/6/12 SRO FINRA

TFOG - 6/6/12 Select Updates in Rules from Our government with Financial Impacts: June 6th s updates were relevant to FINRA - the Securities Exchange SRO most directly associated with Broker-Dealers and Registered Investment Advisers.

FINRA:

1. Rule 4210 Margin Requirements
2. Trading halts due to Market Volatility
3. FINRA Rule 5270 - Front Running of block transactions


2012-13698

2012-13652

2012-13638

DCarsonCPA.com your link to the Practice of Dean T. Carson II, CPA here to support Clients on Accounting, Taxes, Compliance, Advisory, Analysis, related Research and more. Working with hands on skills, knowledge, teamwork and research to support Financial Decision Makers in broad areas. Learn more at www.dcarsoncpa.com or e-mail info@dcarsoncpa.com .

TFOG 6/4/12 - FRS Supervised Securities Holding Company Registration

TFOG (Today from our Government) 6/4/12 - select Financial Updates from the Executive Branch:

Federal Reserve System -  Final Rule: Supervised Securities Holding Company Registration


2012-13311


DCarsonCPA.com there's a connecting line built on knowledge, hands on Financial experience, teamwork and research and the financial decision making that connects Government, Industry, Non Profits and Individuals. Available to provide client services on Accounting, Taxes, Compliance, Financials, Management Reporting, Business Analysis, Research and more. Learn more at http://www.dcarsoncpa.com/ or e-mail info@dcarsoncpa.com .

TFOG 5/31/12 NCUA Rules and UST on Reinsuring Cos applicable on Federal Bonds

TFOG 5/31/12 : NCUA and UST

NCUA :

1. Final Rule - Written Policies on Loan Workouts

2. Final Rule and interim Final Rule : Eligible Obligations

3. Interp - Guidelines for the Supervisory Review Committee

UST:

Notice: Reinsuring  Companies applicable on Federal Bonds

2012-13214


2012-13212




2012-13210


2012-13044



Note: if docs appear unclear - refresh within pane to reload to clarify.


DCarsonCPA.com your link to Client services on accoutning, taxes, advisory, analysis, compliance, research and more. We work with Broad knowledge for Client support and focus in on the details relevant to your Industry Sector as needed. Supporting Government, Business, Non Profits and Individuals on Financial Decision Making needs. Find us at www.dcarsoncpa.com or e-mail info@dcarsoncpa.com for more.

TFOG 5/30/12 - IRS & CFTC Prop Rules - Agency for Consolidated group, Property Transfer under Section 83, and Position limit on Swaps

TFOG 5/30/12 Select Updates with Financial Impact  - IRS Prop Rules & CFTC:

IRS Prop Rules:

1. Regulations revising rules regarding Agency for a Consolidated Group

2.  Property Transfered in connection with performance of services under section 83

CFTC Prop Rule: Aggregate Position Limits on Swaps














CFTC Update at 5-30





DCarsonCPA.com you link to Financial Decision Making support services and research for Government, Industry, Non Profit and Individual decision makers. We follow the line of Government Rules, Industry Standards and Sector data that corresponds to broad needs on Financial Decision Making with the ability to focus in on the needs that are most relevant to your role as a Financial Decision Maker. Learn more at www.dcarsoncpa.com or e-mail info@dcarsoncpa.com .

What's new at DCarsonCPA?

What's new at DCarsonCPA?

In our second year of operations looking at the opportunities to support Government, Industry / Business, Non Profit and Individual Financial Decision Makers. We have established significant efficient pathways to supporting broad ranging needs for Financial Decision Makers across the range of Financials which link Government, Businesses, Non Profits and Individuals. At it's core Accounting and Financial Reporting is about Financial Communications and the process along with Compliance and Taxation is inextricably linked to key decision making that occurs at the Government, Industry and related levels. It's about how we all connect and relate on the shared grounds of Financials and the ways they are used in the World, the Nation, the States and  Our Local Communities. On this path we have become adept at finding practical ways that we can all be proactive in being more aware of  Regulatory and Industry Decision Making that will ultimately appear in the Financials and be key to the process of Financial Decision Making in various sectors.

Using skills of experience to wade through the Ocean of big data into Navigable channels of salient data for financial decision making, we have become ever better with time to chart the course of your specific data needs. Broadly plugged into Regulatory and Industry updates where our skills exist and can be targeted for the opportunity to specifically channel in for Client needs on services. The Key Point is to let you know that we have preconsidered where guidelines and events that meet your Financial Decision Making needs are coming from: in Business, Non Profit or Individual roles.

It's about supporting Clients on services and being proactive to know where your voice counts on the regulations and Industry updates that will meet your Financials so you can better be a part of the decision making process.

You can follow some more current updates in our feeds on the website - where we seek to make it a bit easier for Financial Decision Makers to conenct on FASB, IASB and other Industry Updates http://dcarsoncpa.com/resources/industry_feeds  (GASB for State and Local Governments) and some overlaying Federal Governance elements http://dcarsoncpa.com/resources/national_feeds. It makes sense to us that in this way you can reach more real time data updates on Decision Making and we will continue to work our way through the important parts that can help.

Here for Clients on Financial Decision making support services,  we work with Financial Expertise and Communications across our various lines to meet your Sector Interests and let you know we are here for you on Services. Link to DCarsonCPA as a connecting point on some of the deeper learning and knowledge we have built for Financial Decision Making support. We have considered many of your potential needs on services and support networks . We welcome the opportunity to work with Businesses, Non Profits and Individuals bringing with us skills of Accounting, Taxes, Advisory, Financial Modeling, Business Analysis, Communications, Economic and Financial Analysis work to  add value to Decision Making. Our services include Traditional Accounting, Taxes and Financial work along with  Regulatory Compliance support, Legal Support services (Expert Testimony and Financial Analysis) and other points of intersecting services on  Government, Industry, Non Profit and Individual Financials and related workflows. We use hands on experience, knowledge, Teamwork and Research. Find us at www.dcarsoncpa.com or e-mail info@dcarsoncpa.com .

TFOG 5/9/12 - IRS Form 990, SEC Prop Rule - Broker-Dealers, DOL Veteran Training, BEA - Labor Statistics

Today from Our Government (TFOG) select Executive Branch Rules 5/9/12 with Financial Decision Making Implications:

DOT IRS - Form 990 - Comments Request

SEC Prop Rule: Financial Responsibility Rules for Broker-Dealers

DOL - Veteran Training and Investments - Grant Opportunity

BEA - Bureau of Labor Statistics Technical meeting Notice




2012-11200



2012-11133



2012-11116

2012-11103



DCarsonCPA.com here for Government, Industry, Non Profit and Individual Financial Decision Making support we meet where we all connect at the points of Finanial Decision Making that are supported by Accounting, Taxes, Analysis, Advisory, Research and related Services. Reach us at info@dcarsoncpa.com or learn more at http://www.dcarsoncpa.com/ .

TFOG 5/07/12 - CFTC updates & IRS Final Rule - Allocation of Mortgage Premiums

TFOG 5/7/12:

Today From Our Government (TFOG): A Select look at Today's updates for Financials (3):

CFTC - NFA Fees, Swap Data Repositorys & IRS Final Rule on Allocation of Mortgage Premiums




CFTC /NFA Fees FY 2011 2012-10898


CFTC Swap Data Repositories

CFTC Prop Rule 2012-10918



IRS - Final Rule Allocation of Mortgage Premiums

2012-10937




DCarsonCPA.com we support Business, Non Profit and Individual Clients on Financials, Accounting, Advisory, Taxation, Compliance and Research. Following the lines of Government Regulations and Industry Standards connecting with Financial Decision Making information that helps to grow your abilities for Financial Leadership decision making. Find us at http://www.dcarsoncpa.com/ or e-mail us at info@dcarsoncpa.com to connect on services.

TFOG 4/19/12 Treasury / IRS Rulemaking, SBA, SEC + SROs in overview

TFOG- 4/19/12 - a scan of some of the Rules Today from Our Government with Impact on Financials:



Treasury / IRS - Final Rule - Guidance on Reporting Interest to Non Resident Aliens

2012-9520



Treasury / IRS - Prop Rule - Examples of Program Related Investments:


2012-9468


Small Business Administration - Final Rule - Small Business Investment Companies - Energy Saving Qualified Investments


2012-9454



From the SEC on SROs in overview:

Self-Regulatory Organizations; NASDAQ OMX PHLX LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Relating to Qualified Contingent Cross Orders
Pages 23521-23524 [FR DOC# 2012-9404]		|
Self-Regulatory Organizations; NASDAQ OMX PHLX LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Relating to Equity Option Fees
Pages 23528-23531 [FR DOC# 2012-9406]		|
Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Amending NYSE Arca Equities Rule 7.31(h)(4) To Make Passive Liquidity Orders in Exchange-Listed Securities Available to All Users, Regardless of Whether a Lead Market Maker Is Assigned to the Security
Pages 23534-23536 [FR DOC# 2012-9409]
Self-Regulatory Organizations; Proposed Rule Changes:
Self-Regulatory Organizations; Financial Industry Regulatory Authority, Inc.; Notice of Filing of Proposed Rule Change Relating to Post-Trade Transparency for Agency Pass-Through Mortgage-Backed Securities Traded in Specified Pool Transactions and SBA-Backed Asset-Backed Securities Transactions
Pages 23524-23527 [FR DOC# 2012-9405]		|
Self-Regulatory Organizations; NASDAQ OMX PHLX LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Rule 1014
Pages 23531-23532 [FR DOC# 2012-9407]		|
Self-Regulatory Organizations; NYSE Amex LLC; Order Granting Approval of a Proposed Rule Change Amending NYSE Amex Rule 476A To Update Its “List of Equities Rule Violations and Fines Applicable Thereto”
Pages 23532-23534 [FR DOC# 2012-9408]		|
Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Amending NYSE Arca Equities Rule 7.31(t) To Provide for Limit-on-Open Orders and Market-on-Open Orders
Pages 23536-23538 [FR DOC# 2012-9410] DCarsonCPA.com following Government Rules and Industry Standards to follow your needs in your line of Business where you meet Regulations and corresponding Accounting, Tax, Financial, Compliance and Regulatory Reporting needs. We support Businesses, Non Profits and Individuals with related Client Services with Efficiency and Dedication to Client Services. We also are pleased to provide related Research Services. Reach us at info@dcarsoncpa.com .

Beige Book US Economic Report - April 2011

Checking in with the National Economy at April 2011:

The US Economic Report (The Beige Book):


Fullreport20120411 Beige Book





DCarsonCPA.com your web link to Client Services and hands on expertise for Businesses, Non Profits and Individuals connecting with Government Regulations and Industry Standards available for opportunities to assist Financial Decision Makers on Accounting, Taxes, Advisory, Compliance, Audit and Research needs. Reach us at info@dcarsoncpa.com

TFOG 3/26/12 CFTC Compliance, OMB Grants.. Agreements + Single Audit Act, and Legal Services Corp.

TFOG 3/26/12 - A look at Select Updates from Federal Rules today with Financial Focus:

1. CFTC Correction to:  Commodity Pool Operators and Commodity Trading Advisors: Compliance Obligations.

2. OMB Proposed Rule: OMB Reform of Federal Policies Relating to Grant and Cooperative Agreements; Cost Principles and Administrative Requirements (incolding Single Audit Act).

3. LSC Request for Comments: Legal Services Corp. - Financial Eligibility Screening and Online Intake.





C1-2012-3390



2012-7056




2012-7117






DCarsonCPA.com your link to Client Services on Accounting, Taxes, Advisory, Project Consulting, Compliance, and related Research that connects the line on Government, Industry, Business, Non Profit and Individual Financials for Decision Makers.

TFOG 3/21/12 - COC - Stress Test Comment Period, NCUA Final Rule - Technical Amendment, HHS - Affordable Care Act

TFOG 3/21/12 - Comptroller of the Currency - Stress Test comment period, NCUA Final Rule - Technical Amendments, HHS - Certain Preventative Care under the Affordable Care Act




2012-6811








2012-6835





2012-6689










DCarsonCPA.com your link to Accounting, Taxes, Advisory, Compliance and Research for Government, Industry, Business, Non Profit and Individual Financials available for Client Services in related areas. Connecting to the Rules that impact your Financials.

TFOG - select Updates in Financial Rulemaking from March 9 - IRC and PBGC

Select Updates from the Executive Branch with Relevancy to Business from Friday March 9, 2012 :

1 IRS update - Correction to Minimum PV requirements for Partial Annuity distributions of Defined Benefit Pension Plans

2 PBGC Allocation of Assets in Single-Employer Plans; Benefits Payable inTerminated Single-Employer Plans;Interest Assumptions for Valuing andPaying Benefits




2012-5715




12-5786



2012-5788



DCarsonCPA.com following the updates in Executive Rules with Relevancy to the Business Lines we support.  Here for Clients on Accounting, Taxes, Advisory, Compliance and related Research. Learn more at www.dcarsoncpa.com reach out to us at info@dcarsoncpa.com .

TFOG in SEC Regulations - Select Updates from 3/7/11 SEC Rules

TFOG in SEC Regulations:

SEC Mid Year 2012 Transaction Fee Adjustments

SEC Rules of Organization, Conduct and Ethics, and Information and Requests













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DCarsonCPA.com here for Clients with needs on Accounting, Taxes, Advisory, Analysis and more. Connecting to the Rules that bind on Business, Non Profit and Individual Financials and Related Taxation and Compliance we work smart with Research to better support Clients in general and specialized Industries. Learn more at www.dcarsoncpa.com .

TFOG A look at some updates on Health Care Rules for the Medical Industry on 3/7/12

TFOG - Executive Branch Rules - Spotlight on Healthcare Rules at the Federal Level as issued today in the Nations Capitol:

Reading Note: For best results view with Google Browser and refresh if needed to format Tax.

Department of Health and Human Services 4 updates:

Health Records : Electronic Records 2 Updates on Health Information Technology

1 Update on Medicaid

1 Hearing Notice on Trials and Clinical Practice


















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DCarsonCPA.com is a CPA Services and Consulting Practice available for CPA Services in NY, CT, MA, TX and other States (CA by request) and where available under reciprocity. Our objective is to broadly support Business, Non Profit and Individuals on Financial Decision Making support needs. Our Practice is Built on Financial Services Expertise, Business and Medical Family Roots with a tight connection to Technology and Research. We seek the opportunity to support your Financials and Taxes, Advisory, Analysis and Compliance needs where applicable and relevant and to better connect the line of Financial Decision Making in ALL areas. Find us at www.dcarsoncpa.com

OECD Statistical Report on the US Economy

While the key Points has been primarily focused on Federal Rule Making, there is great relevancy in also understanding key data that impacts us all from Business to Non Profit to Indviduals in Financial Terms and in following OECD we encountered their statistical report on the US Economy which in brief format touches on some key statistical points that are interesting from the Analysis perspective for Business.

While this report is originating from OECD it's reasonable to expect that the original data source is the US Fed. With some extra time input these statistics should be confirmable to US Fed sourced data (this data, while not corresponded by us to Fed Data, should be corresponded to Fed data by anyone seeking to rely on the statistical analysis it explains). Our Point here is for rough statistics at present and OECD came to our attention through Research.

For the purpose of overview and not strict reliance (unless you perform some additional due diligence analysis here as explained above) these are interesting indicator statistics to view on Our US Economy. While this report is labeled 2011 -2012 it is updated only through 2010. More current reporting should be available through OECD (if not the Fed), OECDs details are provided below the exhibit.






Footnotes on OECD:

You can connect with OECD Statistical research focused on the US at http://www.oecd.org/pages/0,3417,en_36734052_36734103_1_1_1_1_1,00.html

Statistical Publications at
http://www.oecdbookshop.org/oecd/statistics.asp?lang=EN

OECD is 24% Funded by the United States by their own Account:
http://www.oecd.org/pages/0,3417,en_36734052_36761854_1_1_1_1_1,00.html





DCarsonCPA.com is a CPA Practice built on Financial Services and General Business Expertise here to support Business, Non Profits and Individuals on needs correspondent to Accounting, Taxes, Analysis, Advisory, Regulatory Compliance and more. As a practice powered by wide ranging research that exists as a tool to expand the range of Client Services, our objective is to provide efficient support for Clients and the flexibility to focus in on the key need areas in your business for Data, Regulatory Compliance from the Accounting perspective and more. Further we see an opportunity for Financial Professionals in All sectors to step forward and play a role in supporting the connection of Financial Decision Makers overall to help in the process of supporting Financial Legislative and Executive decisions with potential to help support National Economic Recovery. If we can be of service to your Business, Non Profit or Individual Financial needs for related Decision Making needs on Accounting, Taxes, Analysis, Advisory or Research we are interested in speaking with you, so visit us to learn more at www.dcarsoncpa.com .

Here for Clients on Services.

Here for Clients on Services and connecting with the Rules that matter in your Industry and Line of Busines, Non Profit or Individual endeavor. DCarsonCPA.com is a CPA and Advisory Practice here to support Clients on services. We are here for Financial Decision Makers in ALL areas, working smart with Client Support networks and looking forward to discussing your needs on services. Reach us at www.dcarsoncpa.com

MTD FEB 2012 NCUA - Final Rule Interest Rate Risk Policy, Adv Notice Prop Rule on Financial Derivatives, Prop Rule on Troubled Debt Restructuring / Reg Reporting

MTD Feb 2012 NCUA Updates:

Final Rule - Interest Rate Risk Policy and Program

Advanced Notice on Prop Rule - Financial Derivatives Transactions to Offset Risk; Investment and deposit Activities

Prop Rule - Loan Work Outs and Non Accrual Policy, Regulatory Reporting of Troubled Debt Restructuring Loans


2012-2091




2012-2092




2012-2206



DCarsonCPA.com a connecting line on Government, Industry, Business, Non Profits and Individuals. Available on CPA Services and Advisory. Connecting with Regulations that impact Client Financials, Taxes and Compliance.

MTD FEB 2012 IRC Prop Rule Longevity Annuity, Modifications to Minimum PV Requirements For Partial Annuity Distribution Options, and Taxable Medical Devices

MTD FEB 2012 - IRS Prop Rules - Longevity Annuity, Modifications to Minimum PV Requirements For Partial Annuity Distribution Options under Defined Benefit Pension Plans and Taxable Medical Devices.



2012-2340




2012-2341




2012-2493





DCarsonCPA.com at the intersecting points of Government, Industry, Business, Non Profit and Individual Accounting, Financials, Reporting, Compliance available to connect on Client Services.

Feb 2012 IRC Updates on 501 (c) (29) Tax Exempt Non Profit Health Organizations

MTD Feb 2012 - IRC Updates on 501 (c) (29) Tax Exempt Non Profit Health Organizations:

From the IRS

http://www.irs.gov/charities/article/0,,id=237287,00.html


From the Executive Branch Rules:



2012-2338



2012-2339



DCarsonCPA.com connecting a line on Government, Industry Business, Non Profit, and Individual Financials and Compliance. Delivering CPA Services and Advisory for Clients.

Updates on the Key Points

The Key Points is  Our Blog following Policy and Standard updates on the National Level, at times we update the Blog Daily for New Rules and Standards, other times we will group them and periodically update. In either event the purpose is to communicate the point that we are following the Broad Spectrum of Updates that can impact your Financials and related Reporting.

Our Practice values compliance and knowing where to go in the Standards for diverse needs when facing different lines of Business or Elements of Accounting. Our role is flexible, powered by hands on experience and research, we are adaptable and can readily change focus to the points that correspond to your Business wether focused on SEC, FINRA, Taxes, Labor, Pension or other needs there are many points of intersection between the Standards of Accounting under GAAP and other needs of Compliance under US Law. We make it a point to be adapt in connecting these points for better support and Compliance. This is also because we seek the opportunity to support Attorneys on corresponding needs for Litigation and Case Work in areas ranging from Bankriptcy to Securities Law to other elements on Expert Testimony.

As a practice built from Hands on Experience in ownership of Operating Financials  and Audit we carry the dual perspective of the operational, analytical and reporting elements of your Accounting. We add value for analysis and strength for compliance.

DCarsonCPA.com working for Clients, connecting the line on Decision Making for Government, Industry, Business, Non Profit and Individual Financials. Call us to connect on your needs for Services or interests in where we can assist.

TFOG 1-20-12 CFTC Final Rule Correction Real-Time Public Reporting of Swap Transaction Data

TFOG 1-20-12:

CFTC Correction to Final Rule on Real-Time Public Reporting of Swap Transaction Data





2012-1031




DCarsonCPA.com connecting the line on Government, Industry, Business, Non Profit and Individual Financials for Decision Makers. Keeping current with the Standards and Rules that Guide Financial Reporting and the Business Environment that pertains to your Operations.

IRS - Proposed and Final Rule on Allocation and Apportionment of Interest Expenses

TFOG Today from Our Government 1-17-12:

IRS

PROPOSED RULES
Allocation and Apportionment of Interest Expense
RULES
Allocation and Apportionment of Interest Expense

Qtrly IRS Interest Rates




2012-724



2012-597



2012-595


DCarsonCPA.com connecting the line on Business, Non Pofit and Individual Financials for Decision Makers. Supporting Leaders on Accounting, Finance, Taxation and more learn more on our website and call for best results on services.