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An accomplished CPA for investment advisors understands how to handle management fees, performance-based compensation and optimal tax deductions. A CPA for RIA firms helps you optimize your tax position, create a profitable business model and avoid costly mistakes. You want someone who helps you reconcile client accounts, implement strong internal controls and create detailed reports that reflect your firm’s health accurately. For impeccable RIA fund accounting, call Paul Miller at Miller & Company, with offices in NYC, Washington DC and Florida’s west coast.
A CPA who specializes in registered investment accounting identifies deductions you may overlook, advises on the best entity structure for tax efficiency and ensures your returns are accurate. Your role as a registered investment advisor (RIA) comes with strict reporting requirements. A CPA for RIA firms understands these regulations and ensures that your records are ready for SEC audits, state examinations and Form ADV filings.
A CPA for investment advisors who understands your compliance requirements, maximizes your tax strategies and keep your RIA firm audit ready. With CPA for RIA firms services from Miller & Company, LLP, you get expert guidance on tax services, accurate bookkeeping for small business and tailored strategic planning all designed for the unique challenges of RIA fund accounting. Whether you’re based in Manhattan, NY or Sarasota, FL, get the personalized expertise your RIA deserves.
Whether you work in a commercial office or from a home office, you may be able to deduct expenses related to your workspace. For a home office, the IRS requires that the space be used regularly and exclusively for business. Your deductions could include:
Staying informed is part of your role as an investment advisor. Registered investment advisor accounting rules allow deductions for expenses you incur for continuing education courses and certifications, subscriptions to financial news services and professional journals. The tools you rely on to serve your clients effectively are often deductible. You may be able to write off equipment, such as:
Your CPA helps you put strong internal controls in place to prevent reporting errors before they happen. An experienced CPA for investment advisors reviews and reconciles all your client accounts against custodial records, trade confirmations and bank statements. This ensures every share, bond or asset matches what’s reported in your client statements, including:
Asset valuation isn’t straightforward, especially with alternative investments or thinly traded securities. A CPA for RIA firms applies the correct valuation method for each asset class and documents the reasoning behind every calculation. This may include market-to-market valuations for liquid assets and consistent application of valuation policies across all accounts. Accurate client asset reports give you critical benefits, such as:
Your CPA reviews your financial data, fee structures and disclosures to make sure everything aligns with SEC or state business registration requirements. They help you verify that all assets under management (AUM) are accurately reported and ensure your fee schedules match what you charge clients.
While your compliance consultant may focus on the legal and procedural side of filings, your CPA ensures the financial side is rock solid. They work together with compliance teams to ensure that numbers in your Form ADV Part 1 match your books and financial statements. A CPA for investment advisors may also identify additional obligations you must address, including:
A CPA for investment advisors doesn’t just crunch numbers. They give you the insights you need to make better decisions. They track revenue and expenses in real time, which helps you see exactly where your money is going. Your Miller & Company CPA for RIA firms spots areas of overspending that may be cutting into your profits. They also identify revenue opportunities you may be missing such as refining your fee structure or expanding services.
Even a profitable RIA firm runs into trouble if cash flow management isn’t well. Your CPA for RIA firms sets up cash flow forecasting to anticipate shortages and surpluses and aligns billing cycles with expenses so incoming revenue matches your obligations. They streamline accounts receivable by implementing efficient invoicing and payment processes. Additional CPA services relevant to your RIA firm include:
The best CPA for RIA firms ensures your firm stays prepared for audits and regulatory reviews. Your CPA should be well-versed in rules such as Form ADV filing requirements, fiduciary responsibilities and compliance reporting. As a financial advisor, you face complex regulations from agencies like the SEC, FINRA and state regulators.
You deserve a CPA who not only understands accounting and taxes but also the specific needs of your financial industry niche. Paul Miller at Miller & Company specializes in serving a broad range of financial services including financial advisors, broker-dealers and venture capital funds. Contact Paul Miller today to schedule a consultation and discover how their RIA fund accounting services empower your business.
Expect a thorough commitment to excellence. Creative advice and outstanding performance — merged with relentless dedication and vigilant customer service — mean that your CPA responds quickly to requests and questions. Accounting experts are just a phone call away.
“Nothing less than the best.” That’s what current and former clients say about Miller & Company. It’s that reputation for excellence that drives successful individuals and businesses to work with this team.
The financial expertise you’ll find at Miller & Company is unparalleled in the Manhattan and New York City areas. Your personal CPA gets to know who you are — identifying the objectives you have and the challenges you face. Then, using a wide range of innovative business strategies, you’ll receive breakthrough solutions that no other accountants thought possible.
Professionalism is more than certifications and degrees -- all of which you’ll find at Miller & Company. Professionalism at Miller & Company means you’re always treated with the respect you deserve. Professional CPAs embrace their commitment.
When you contact this New York City accounting team, you receive the most up-to-date information, the most innovative financial concepts and the best possible solutions. You get accountants honesty and integrity necessary to earn your trust. Your satisfaction is paramount.
