Federal employees who are required to file confidential financial disclosures have done so already, and now it’s time to face the infamous Form 278: public financial disclosures. As with other financial disclosures, the point is to ensure public servants have no conflicts of interest. The difference here is that these disclosures are made available to the public, albeit for specific purposes only.
SEE MOREIf you have moved from submitting a Form 450 to a Form 278, you have likely been promoted. Congratulations! That’s the good news. Here’s the bad news. The financial disclosure requirements for Form 278 are very extensive and complex. There are a lot of differences between the two forms, and here are some tips to keep in mind. Note, this is an introduction to Form 278, and it is not an exhaustive list of the financial disclosure requirements.
SEE MOREFiling a 278 financial disclosure form is an annual time-consuming and onerous task for most federal employees and military personnel often in positions of significant responsibility or highly compensated ones.
One must gather all the information to be filed, complete the form and its four schedules, and often revise it upon review by agency attorneys and/or ethics officials. At ClearLogic Financial, we manage all of our client’s financial assets under one umbrella reporting system and can run a single report to list almost all the items required on the 278. ClearLogic also uses a sophisticated investment approach to eliminate hundreds of potential conflicts of interest, thereby streamlining the listing of assets.
As part of our service to handle “all things financial” for our clients, ClearLogic prepares 278 forms for each of our federal and military clients. We consider it part of our professional role to make all financial matters easy for our clients.
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