Accounting, tax and advisory firm Sax LLP, a financial services industry leader with offices in New Jersey and New York City, will host a May 17th seminar at their Clifton, New Jersey office on business strategies related to foreign currency transactions. The upcoming event is the next installment of Sax’s ongoing CFO Focus seminar series, a discussion-based continuing education program in which the firm selects and invites subject-matter experts to speak on timely financial issues and provide actionable business advice.
Mid-May’s CFO Focus discussion, titled “Managing Foreign Currency Transactions: How to Translate Exchange Expenses into Improved Margins and Profitability,” will be led by Michael Lucente, Managing Partner of Bannockburn Global Forex, the largest non-bank foreign exchange firm in the United States. Lucente’s information will be relevant for any company with cross-border payments; specifically, any company that has “overseas employees or subsidiaries, converts foreign receivables into U.S. dollars, makes payments to overseas vendors, or is otherwise affected by fluctuating exchange rates,” will benefit from the seminar, according to Sax’s announcement of the event.
Lucente will touch on a diverse set of issues relevant to foreign currency transactions. The session will provide insight into eliminating wire transfer fees, improving supplier pricing, understanding market conditions, reducing foreign currency risk, obtaining the best available exchange rates and other skills necessary to capitalize on foreign currency transactions. Sax explains that because foreign currency transaction expenses are frequently overlooked, cultivating the aforementioned skills and best practices can provide a significant benefit to business margins and profitability. Further details can be found at https://www.saxllp.com/may-17-cfo-focus/
CPE credits will be available and breakfast will be served at the May 17th event, slated to begin at 8:00 a.m. and conclude at 10:30 a.m. Those interested in attending the seminar can email [email protected] to register. Additionally, seminar attendees will be are able to receive a free forensic analysis of their FX expense by emailing the trade date, foreign currency amount, USD amount and exchange rate of a past foreign currency wire transfer to the aforementioned email address prior to the session. https://goo.gl/pjU5k3
Sax LLP recently celebrated its 60th anniversary of providing customized, long-term and sustainable financial solutions to businesses, non-profit organizations and individuals throughout the tri-state area. The firm’s industry-specific experience is detailed on its website, where it also frequently publishes general financial news and informative summaries of important tax code updates. For more information on Sax’s accounting, tax and advisory services, the company may be contacted using the information provided below.