Unless you’re a certified CPA, anything related to accounting can seem quite complicated. Not only is it a lot of number crunching and collecting and compiling of data, but there are also a lot of different laws surrounding it. To add to the complexity, those laws are constantly changing. Thus, even if you’re able to perform basis statistical analysis or you’re able to crunch numbers to figure out how much money your business has, you still won’t be able to do your taxes in the most advantageous way because you won’t understand all of the different tax laws out there. To add to this, the federal government recently passed a new tax bill that significantly changes the American tax code, further muddying the waters for nonprofessionals. That’s why it’s a good idea to just hand over all of your financials to a certified CPA and let them take care of it for you. They understand the laws, and they know how to get you the most money back possible.
If you think that basic accounting and filing your taxes is complex, try trying to figure out an arbitrage rebate. Arbitrage, in this example, is the practice of taking the money you earn from dividends off of tax-advantaged bonds and investing that money into higher-risk and higher-yield investments. The profit you earn from doing this is arbitrage, and there are lots of laws surrounding it. Those laws, much like the laws surrounding your basic taxes, are always changing, which is why the vast majority of people engaging in this type of arbitrage choose to hire an arbitrage services firm to handle it for them. However, not all arbitrage services firms are the same, and people need to make sure that they’re hiring a firm with a superb track record.
Why is it important to hire a firm with a great track record? Because that’s the only way you’re going to feel confident in their ability to accurately calculate your arbitrage rebate and help you ensure that you’re staying arbitrage compliant. If they can’t prove to you that they’ve helped clients in the past, then there’s no way to know that they’re actually capable of accurately calculating your arbitrage rebate. There are serious consequences to not calculating and reporting your arbitrage rebate accurately, so you need to pick an arbitrage services firm that can prove to you they know what they’re doing.
What does an arbitrage services firm with a great track record look like? They look like Arbitrage Compliance Specialists. This firm has been in operation for about 30 years. They split off of Pricewaterhousecoopers back in the ’80s, and since then they’ve been helping clients with their arbitrage compliance needs. Over that entire time span, they have never made a single error, and every single one of their clients that’s been challenged by the IRS has been defended successfully. There simply aren’t many firms out there that can say that, and that’s why they’ve become one of the most trusted firms in the arbitrage compliance field of accounting.