News & Updates

For the Securities Industry


Spicer Jeffries aims to serve our clients continuously with top quality, professional services. Continue to visit us here to read about important Securities Industry topics, regulatory changes, firm happenings and other updates.

New York State: Pass-Through Entity Tax Law Article 24-A

August 31, 2021

The pass-through entity tax (PTET) under new Tax Law Article 24-A1 is an optional tax that partnerships or New York S corporations may annually elect to pay on certain income for tax years beginning on or after January 1, 2021. ...

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IRS REVIVES FORM 1099-NEC: Filing Begins With 2020 Tax Year

January 8, 2021

As a reminder, the IRS made changes to the 1099-MISC form by reviving the Form 1099-NEC.  Beginning with the 2020 tax year the new 1099-NEC form will be used for reporting nonemployee compensation (NEC) payments.  These payments were previously reported on Form...

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2020 Tax Letter to Clients

December 16, 2020

Dear Client, Now, as year-end approaches, is a good time to think about planning moves that may help lower your tax bill for this year and possibly next. Year-end planning for 2020 takes place during the COVID-19 pandemic, which in...

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NEW CAYMAN ISLAND INVESTMENT FUND LEGISLATION – IMMEDIATE EFFECTS

April 17, 2020

Changes to Cayman Investment Funds  Classified as Private Funds and Mutual Funds  Overview: The Cayman Islands Government Ministry of Financial Services and Home Affairs, together with other associated authorities (in particular, the Cayman Islands Monetary Authority “CIMA”) has notified the financial services industry of several pending changes to the regulation...

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TAX FILING & PAYMENT DEADLINE POSTPONED

March 23, 2020

The Treasury Department and IRS announced on March 21, 2020 that the federal income tax filing due date has been extended by Presidential signature of the Families First Coronavirus Response Act (H.R. 6201). The due date of April 15, 2020...

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