Wells Fargo named Julie Caperton as the new head of its wealth management arm for high-net-worth clients. She succeeds Julia Wellborn, who left the company in April, as the head of Wells Fargo Private Bank. Caperton, a 19-year veteran at Wells Fargo and predecessor organizations, is currently the head of the company’s Banking, Lending & […]
Archives for 2021
A question for advisors: Who is John Brown?
The term “ally” has been bandied about incessantly since the racial protests of 2020. Admittedly, I have struggled with the term, not knowing when to apply it. What I’ve observed in recent months is that most of my white colleagues and peers are convenient allies. Their willingness to be allies on the issue of racial […]
Supreme Court lets health care law stand
The U.S. Supreme Court held on Thursday that several states and other plaintiffs that sued, asking the federal courts to declare unconstitutional the so-called individual mandate in the Patient Protection and Affordable Care Act (PPACA), P.L. 111-148, did not have standing to sue because they could not show that they had suffered or would suffer […]
VSCPA awards $59K in college accounting scholarships – Accounting Today
The Virginia Society of CPAs Educational Foundation announced its college scholarship recipients for the 2021–22 academic year. The foundation awarded a total of $59,250 in undergraduate, graduate and doctoral scholarships this year to 26 accounting college students across Virginia. The foundation also awarded a VSCPA Minority Scholarship this year, bringing the total number awarded to […]
ICYMI | When Will We Be Able to Breathe in Accounting? – The CPA Journal
“I can’t breathe.” Three words seared into the minds of Black and Brown people in the United States and the world over. We heard George Floyd say it, we heard Derrick Scott say it, and we saw with ghastly clarity Eric Garner utter the same words. These words resonate because to be Black or Brown […]
CVS Health Records for 1.1 Billion Customers Exposed
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ON THE HORIZON: NEW LEASE TREATMENT UNDER GENERALLY ACCEPTED ACCOUNTING PRINCIPLES – Westfair Online
Jeff Stuart Over the past few years, professional services firms worked diligently to understand and implement the new revenue recognition standards which had minimal impact on recognition, but did enhance the notes to their U.S. Generally Accepted Accounting Principles (“GAAP”) basis financial statements. Now firms should be turn-ing their attention and focus to the impact […]
Hiccup in Akamai’s DDoS Mitigation Service Triggers Massive String of Outages
The administrator of your personal data will be Threatpost, Inc., 500 Unicorn Park, Woburn, MA 01801. Detailed information on the processing of personal data can be found in the privacy policy. In addition, you will find them in the message confirming the subscription to the newsletter.
What is the Gig Economy, and Who are Gig Workers?
Do you have freelancers or contractors working for you? Is your labor force full of short-term contracts? You might be working in a gig economy with gig workers. If so, you need to know the laws for hiring gig workers. Keep reading to learn more about the gig economy. What is a gig economy, and […]
10-year Treasury yield stabilizes as investors digest Fed projections for inflation, rate hikes
The key 10-year Treasury yield held firm on Thursday morning as investors digested the Federal Reserve’s raised inflation expectations and signaling that interest rate hikes would come sooner than expected. The yield on the benchmark 10-year Treasury note was little changed at 1.569% at 8 a.m. ET. The yield on the 30-year Treasury bond dipped […]