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Archives for 2021
Biden signs PPP deadline extension into law
The Paycheck Protection Program (PPP) application deadline formally changed from March 31 to May 31 on Tuesday when President Joe Biden signed the extension into law. The U.S. Senate had voted 92-7 on Thursday to approve the PPP Extension Act of 2021, H.R. 1799, sending the legislation to the president for his signature. There was […]
FASB provides goodwill triggering relief for private companies, not-for-profits
FASB issued a standard Tuesday that provides an alternative to goodwill impairment triggering event evaluations for private companies and not-for-profits. Under the alternative, private companies and not-for-profits will have the option to perform a goodwill triggering event assessment, and any resulting test for goodwill impairment, at the end of the reporting period, whether in an […]
The Skinny on General Ledger vs. Trial Balance
Running a business means juggling a variety of financial reports, like your company’s trial balance and general ledger. With so many reports to look through, you may be asking yourself, What do these reports mean, and how do I use them? Take a look at the difference between general ledger vs. trial balance and how […]
Remote Coaching for Accounting and Bookkeeping Tasks: Top 5 Benefits
Business owners consistently fight for increased efficiency and profitability when delegating business tasks. At times, personally taking on a task is the most effective option. Other times, outsourcing is the answer. Choosing between both paths is always a cause for deliberation. When should a small business owner pursue a remote, outsourced solution to a task […]
Sorry my family office crashed the Nasdaq.
We here at Joshua M. Brown Family Office + Capital Management are extraordinarily apologetic at this time. In no way did we think the highly reasonable 20:1 leverage ratio on our concentrated technology bets would impact others. As an ESG-centric investment organization, daily engaged in all manner of online virtue signaling (please see our Medium […]
#FASuccess Ep 222: Scaling Growth By Separating Prospecting And Leadership From Client Advice, With Jonathan Kuttin
Executive Summary Welcome back to the 222nd episode of the Financial Advisor Success podcast! My guest on today’s podcast is Jonathan Kuttin. Jon is the founder of Kuttin Wealth Management, a hybrid RIA headquartered on Long Island, NY that manages over $3 billion dollars for about 5,500 clients. What’s unique about Jon, though, is that […]
Ransomware halts IoT operations at Sierra Wireless, as maritime industry is hit 1.5mn times in 30 days
Last week started with some sensible guidance on cyber security. By Wednesday the theory became a nightmare reality for one of the Internet of Things (IoT) majors, Vancouver-based Sierra Wireless as it was halted by an all-out ransomware attack. Of course, cyber security advice reaches us all the time, says Jeremy Cowan, and we regularly share the experts’ […]
IRS provides details on April 15 postponement
On Monday, the IRS issued guidance with details on its postponement of the April 15 tax deadline for individuals (Notice 2021-21). The IRS had announced in a news release on March 17 that it was delaying the April 15 deadline for individuals until May 17, 2021. Monday’s notice clarifies and adds details about the postponement. […]
PCAOB establishes new advisory group for standard setting
The PCAOB approved the formation of a new advisory group Monday that will provide the board with insight for its standard-setting activities. In unanimously approving the charter of the Standards Advisory Group, the PCAOB created an 18-person expert body. The seats on the advisory group will be filled by investors (five), audit professionals (four), audit […]