BRUSSELS, BELGIUM – DECEMBER 16: European Commissioner Thierry Breton. Anadolu Agency | Anadolu Agency | Getty Images LONDON — The European Commission, the executive arm of the EU, proposed Friday a new set of start-up standards for member states to adopt as the bloc seeks to play catch-up with the U.S. and China. The EU […]
Archives for 2021
FCA to review future of 10% drop notices
The FCA is to extend the Coronavirus freeze on 10% drop notices until the end of the year and will consult on their future in the spring. The notices require financial advisers to write to clients whenever their investment portfolios have depreciated by 10% or more. The MiFID II requirement to send notices has been […]
Paraplanner pens a poem for Paraplanning
To mark World Poetry Day on Sunday leading Paraplanner Caroline Stuart FPFS has penned an ‘Ode to Paraplanning.’ Chartered Financial Planner Ms Stuart, owner of Sparrow Paraplanning and Vice President of the Personal Finance Society, said she was inspired to write the poem to highlight in a fun way the important role of Paraplanners play […]
Don’t democratize investing without protecting investors
Joshua Roberts/Bloomberg News Over the past year, we have heard the SEC argue that investors should be given greater access to the private markets. We have seen the proliferation of online trading platforms, zero commission trading, and apps that provide investors with easy and continuous access to options and stock markets. Across all fronts, investors […]
IoT scaling: How organisations can ensure their network stays resilient
The Internet of Things (IoT) market continues to show dynamic growth. Analyst, Transforma Insights recently forecast that the number of connected IoT devices worldwide is set to grow from US$7.6 billion (€6.39 billion) in 2019 to $24.1 billion (€20.26 billion) in 2030. So, IoT is growing fast, and all the indications are that it will continue to do so, says Alan […]
Tax-News.com: UK Issues Guidance On New Stamp Duty Surcharge On Non-Residents
HM Revenue and Customs has recently issued new guidance on the Stamp Duty Land Tax (SDLT) on non-resident buyers of residential property in England and Northern Ireland.
New PPP guidance implements changes from American Rescue Plan Act
New Paycheck Protection Program (PPP) guidance from the U.S. Small Business Administration (SBA) incorporates changes to the program made by the American Rescue Plan Act, P.L. 117-2, and establishes that entities that receive a Shuttered Venue Operators Grant (SVOG) cannot subsequently receive a PPP loan. The American Rescue Plan Act revised the section of the […]
Sales Tax vs. Use Tax: How They Compare and Contrast
As a business owner and consumer, you’re likely familiar with sales tax. After all, the majority of states have some type of sales tax. But, you may be less familiar with use tax and how it works compared to sales tax. Want to find out the difference between sales tax vs. use tax? Keep reading. […]
Jobless claims show unexpected increase despite relaxed economic restrictions
First-time claims for jobless benefits showed an unexpected jump higher to 770,000 as the labor market tries to recover from the Covid-19 pandemic that sent more than 22 million Americans to the unemployment line a year ago, the Labor Department reported Thursday. Economists surveyed by Dow Jones had been looking for a total of 700,000 […]
AIC CEO Ian Sayers to step down
The chief executive of the Association of Investment Companies, Ian Sayers, is to step down later this year after more than 11 years in the role. He became chief executive in January 2010, having joined the association as technical director in November 1999. He will stay on while a hunt for a new chief executive […]