- Home
- Broker-Dealer Accounting and Tax Services
Broker-Dealer Accounting and Tax Services
Monthly close, FOCUS report and net capital support, audit preparation and tax compliance for FINRA-registered broker-dealers.
Broker-dealers live with monthly regulatory deadlines that most businesses never see. NexusWorks provides the accounting behind them: an accurate monthly close, support for FOCUS reporting and net capital calculations, preparation for the annual audit, and tax compliance for the firm and its owners.
Our services for broker-dealers
We provide the same core services we offer every client, tailored to how broker-dealers operate:
- Bookkeeping & Financial Management: monthly close with bank, clearing firm and commission accounts reconciled before regulatory deadlines.
- Financial Advisory & Optimization: the financial data behind FOCUS filings and ongoing net capital and aggregate indebtedness tracking, reviewed with your FINOP.
- Audit & Assurance: audit preparation schedules and agreed-upon procedures. The annual broker-dealer audit itself must be performed by a PCAOB-registered firm.
- Tax Filing & Compliance: entity returns and state filings for the firm and its owners.
- Tax Planning & Strategy: owner compensation, entity structure and year-round tax planning.
Working alongside your FINOP
We don’t replace your financial and operations principal. We give them clean, reconciled numbers on a predictable schedule, so their time goes into regulatory judgment instead of chasing transactions.
Firms we support
Our approach suits smaller broker-dealers, such as capital raising firms, M&A advisory firms and introducing brokers, that need CPA-level accounting without a full in-house finance team.
Broker-dealers sit within our professional and financial services work. See also our bookkeeping services, fractional CFO support and the other financial firms we work with, including hedge funds and family offices.