Add Form 3921 to Your 2014 To-Do List

2014 To-do ListThe first 2013 to-do item for a stock plan administrator who manages a company that grants ISOs should be to generate the paperwork needed by Section 6039 of the Internal Revenue Code.

In case you are not aware of Section 6039 of the Internal Revenue Code, which details the Form 3921 requirements, there are three important dates you need to know. They relate to employees who exercised incentive stock options in 2013.

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Your Next Equity Audit: Why Not Be Prepared?

complex equityRecently, I read a blog article written by Matthew Glazier of Moody, Famiglietti & Andronico (MFA) called “The Efficient Audit: Complex Equity” and I immediately thought to myself: “Uh oh. Just about every CFO that uses our systems (Corporate Focus, CapMx or Optionease) has what he’s described as complex equity. I wonder if they know that?”

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New for Corporate Focus Customers: Form 3921 Routine

Form 3921Here at Corporate Focus, we’re dedicated to delivering timely updates that help our customers run their equity accounting, administration and reporting practices as simple and pain-free as possible.

Therefore, we’re pleased to announce the latest of these updates, our automated Form 3921 routine. This routine already ran on Friday, January 11, 2013, and if you or your clients had any ISO exercises in 2012, you would have received a Corporate Focus task and email alerting you. This process will run again on January 25, 2013, in the event you missed the first one.

This automated update will alert customers via email if there are any employees in their company who exercised ISO options in the year prior. If ISO exercises have occurred, customers can use reports built into Corporate Focus to notify employees by January 31, 2013, as well as submit their entire list of ISO exercises to the IRS Fire System by the required date of April 1, 2013.

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An Important Announcement from Corporate Focus

We’re happy to be able to share with you some really exciting news about Corporate Focus. As of January 1st, Corporate Focus is now a part of Solium – the leading global provider of cloud-enabled services for equity administration, financial reporting and compliance, serving more than 3,200 clients, including 150 law firms that provide services to private companies.

What does that mean to you, our customers? It means that we’ll have even more resources to serve you. Our number one goal over the past 18 years has always been to give you the best possible customer experience, as well as the best possible product. Neither of these will change and they will only get better as Corporate Focus joins the Solium team.

Everyone at Corporate Focus will continue working with you and still be right there at the other end of the line. We remain dedicated to fast, user-centric product development, working to add even more great features. In fact, we can hardly wait to tell you what’s coming down the road.

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Add Form 3921 to Your 2013 To-Do List

2013 To-do ListAs we begin the countdown to the end of 2012, our 2012 to-do lists are getting smaller and smaller, hopefully. As these lists get smaller, we look to organize our work for the early part of 2013. The first 2013 to-do item for a stock plan administrator who manages a company that grants ISOs should be to generate the paperwork needed by Section 6039 of the Internal Revenue Code.

In case you are not aware of Section 6039 of the Internal Revenue Code, which details the Form 3921 requirements, there are three important dates you need to know. They relate to employees who exercised incentive stock options in 2012.

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What’s New in Corporate Focus? Three Highly Complex Equity Reporting Improvements

Corporate Focus Equity Reporting DashboardCorporate Focus is used by emerging-growth and venture-backed privately-held companies to manage their equity tracking and equity compensation from start-up to exit. Our support and product groups are constantly soliciting feedback from these companies to determine what to add to Corporate Focus to simplify their equity reporting work.  Our latest release of Corporate Focus contains three improvements based on this feedback, including:

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Five Tips for Audit-Friendly Stock Option Reporting

Audit Friendly Stock Option ReportingIf there was one section of your financial statements that takes a lot of time to prepare, but has almost no impact on your cash flow and growth, wouldn’t you love to find out how to make that part of your financial reporting take a lot less time during an audit?  Wouldn’t it be great to sit down with an experienced auditor and a couple of CFOs who have worked with fast growing tech startups and ask them for a few tips to make your next audit easier, faster, and cheaper?

Well here at Corporate Focus, we thought so too. So on October 17, 2012, we brought together an expert panel, including Tim Brown, an Audit Senior Manager at Moody, Famiglietti & Andronico, Diane Marcou, a CFO consultant who specializes in equity compensation work, and Michael Bayer, CFO at Mobiquity, to share the equity reporting secrets they’ve learned over the past two decades with 200+ privately held CFOs.
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Corporate Focus – It’s About People

I recently read Bill Taylor’s post It’s More Important to Be Kind than Clever in the Harvard Business Review Blog. The last paragraph makes a very important point “…just make sure all their efficiency doesn’t come at the expense of their humanity.” It reminded me that in the end, our system is used by people to solve problems that are worrying them, that take time away from other priorities, and to make their lives a little easier.

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