Resources/ Updates - January 2013

The SDDco Client Update

The SDDco Client Update is an action oriented email prepared in-house, tailored to client needs, and sent as an adjunct to our online newsletter.  Verified newsletter subscribers receive our Client Update once each month.

The SDDco Client Update is intended to provide general information only. It is not intended as, and should not be taken as, financial, tax, accounting, legal, consulting or any other type of advice specific to you or your firm. Users of the SDDco Client Update should not act or refrain from acting on the basis of information provided on the website. Always check with your accountant and/or attorney.


DOL Notice Deadline February 1

Do you have any New York State based employees? If so, the Wage Theft Prevention Act (WTPA) requires action NOW. All private sector employers with New York State employees must issue a WTPA notice to each (and retain acknowledgements) listing certain salary    details upon hire and then annually between Jan. 1st & Feb. 1st. Retain WTPA employee notices (signed or

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FINRA January To-Do List

Did you reconcile your final B/D or IA Renewal? If not, you must take these steps: Locate your renewal statement on FINRA’s Gateway site. Carefully review final statement to identify any balance due. Pay your balance to FINRA by February 1st. See the Renewals Notice 13-01 here. Did you remember these annual FINRA & MSRB obligations? FCS Annual Certification Period ~ January 2 to January 25: All FINRA member firms

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1099 Time

Did you pay $600+ to a subcontractor in 2012? If so, it’s time to report that income via Form 1099. Here’s the process: A 1099 is like a W-2 for independent contractors…those paid individuals who are NOT owners, partners, shareholders or employees of your firm Identify each subcontractor or payee (an unincorporated company or individual, or any legal service provider)

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Fiscal Cliff Tax Update

Do you know the tax take-aways from the new deal? Personal Income Tax rate to increase for 3 categories: Families with incomes > $450,000 Individuals with incomes > $400,000 Heads-of-households with incomes > $425,000 Tax rate on income beyond the 3 thresholds above will be 39.6%. Tax rates on income below the thresholds above to remain unchanged. Capital

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SDDco specializes
in two industries.

Our know-how and our network supports the financial services & tech industries.

We hold the right training and licensures to keep you in step and mitigate risk.

Our Credentials


SDDco supports
industry leaders.

We oversee back office functions so you can focus on your own clients.

Major banks, private funds, RIAs, BDs, and tech startups choose us.

Our Clients


SDDco is as good
as its great people.

Our CPAs, FinOps and
consultants are licensed,
experienced professionals.

Partner with us for start-ups and for ongoing accounting, compliance and tax work.

Our People


SDDco performs
services onsite.

Outsourced support with
SDDco isn’t out of sight.

We work in your space and for your team on a regular basis. Engage the expertise without the fulltime hire.

Our Praises


SDDco observes
AICPA principles.

Our inaugural firm began
when two CPAs opened
a NYC office back in 1952.

We faithfully maintain the CPA standards: integrity, competency, confidentiality….

Our Group