When you hear the word “bond”, you likely think of a few different things. You might think of the types of bonds issued by the federal government that pay a dividend to the holder. Such bonds come with a lot of great tax advantages, and they’re a very popular investment for people who aren’t trying to get rich but who want to turn a nice profit without taking on too much risk. You might also think of the types of bonds issues by the federal or local governments for the payment of public services and goods. For example, voters will often pass a bond that means a small increase in sales tax in exchange for paying for road improvements or a new police facility. Of course, you might also think of the British secret agent James Bond, but that doesn’t really have anything to do with this discussion, no matter how great most people think the new movies have been.
No matter the type of financial bond you’re talking about, there are lots of regulations that govern them. Governments give out bonds for specific purposes, and for that reason, as well as the many tax advantages, or even tax exempt nature of the bonds, there are specific regulations governing how those bonds can be used or what the facilities built with bond money can be used for. It is absolutely critical that all individuals involved with bonds adhere to strict bond compliance, and they follow all of the rules and regulations laid out by the government issuing the bond.
The problem with bond compliance for many private individuals and private businesses is that they either don’t have the time or expertise to understand what good bond compliance would look like. They’re too busy in their own lives or running their own business to spend hours researching what bond compliance actually looks like and what things they have to do to ensure that they’re adhering to it. Thus, they hire CPAs and firms that specialize in bond compliance to take care of it for them. These CPAs and firms will research their specific situation involving bonds, and then they’ll advise the business or individual on the things they need to do to ensure that they’re being bond compliant at all times. Since not being bond compliant can lead to various legal risks and potentially even a date in court, it’s critical that individuals and businesses listen to these experts and do whatever they tell them they need to do.
Arbitrage Compliance Specialists is one firm out there that specializes in bond compliance. They’ll review your unique situation, and then advise you on all things related to the private use of facilities built with tax-exempt funds, arbitrage rebate, yield restriction, and more. They’ll guide you through the bond compliance process and review your practices and your books to help you ensure that you’re remaining bond compliant. They have decades of experience in this field, and as long as you follow their advice, you won’t have any bond compliance related issues. Visit their website at www.rebatebyacs.com to learn more.