A great profit margin and healthy bottom line is one fantastic way to shut the door on 2020 and move forward. Let’s take a look at 12 explosive tax deductions that can be a new life line for restaurants, and the people that manage them. Making sure your restaurant is maximizing its deductions is just […]
Archives for 2021
Docyt raises $1.5M for its ML-based accounting automation platform – TechCrunch
Accounting isn’t a topic that most people can get excited about — probably not even most accountants. But if you’re running any kind of business, there’s just no way around it. Santa Clara-based Docyt wants to make the life of small and medium business owners (and their accounting firms) a bit easier by using machine […]
What Are the Differences Between Mergers vs. Acquisitions?
Company ABC is now part of Company XYZ! Pop quiz … is this an example of a merger or acquisition? Understanding mergers vs. acquisitions may be a key part of your business’s exit, expense-cutting, or profit-boosting strategy. Mergers vs. acquisitions Both mergers and acquisitions are types of exit strategies, which are plans outlining how a […]
The cybersecurity lessons from 2020
The breach of SolarWinds and its Orion Platform software captivated our collective attention in the final weeks of 2020. While arguably it was, and continues to be, considered the most significant event of the year, it is not the attack path most organisations should fear. As Satnam Narang, staff research engineer at Tenable says,while backdoors in cybersecurity software […]
Carry on
I turn 44 years old today and I woke up thinking that I know what I was put on earth to do. How many people can say that? I’m not sure, but I am certain that I’ve taken this knowledge for granted. I’m not good at most things. I cook okay. I play guitar terribly. […]
New proposals would provide guidance on CPAs’ NOCLAR duties
Proposed guidance on CPAs’ responsibilities related to noncompliance with laws and regulations (NOCLAR) is provided in complementary exposure drafts issued Thursday by the AICPA Professional Ethics Executive Committee (PEEC) and the AICPA Auditing Standards Board (ASB). PEEC’s ED, Proposed Interpretations and Definition, Responding to Noncompliance With Laws and Regulations, is a reproposal of an ED […]
Quick tips for financial planning in 2021
Financial planning in 2021 – The year 2020 was one of such nightmares which many of us would definitely like to forget at all costs. Nevertheless, this year also taught us a lot about many aspects of life which we almost pay no attention to. In all, with the announcement of the vaccination drive for […]
Kitces & Carl Ep 54: Showing Financial Planning Value On An Ongoing Basis After The First 6 Months
Executive Summary An often underappreciated aspect of the financial planning process (and the resulting Plan that financial planning software packages produce) is that it wasn’t originally developed as part of fostering an ongoing client/advisor relationship. Rather, it was a tool that advisors would use to identify “gaps” or “needs” in someone’s overall financial picture… in […]
Second private equity house takes stake in Fairstone
Global private equity house TA Associates has taken a significant stake in acquisitive Chartered Financial Planning firm Fairstone. TA Associates, which has raised $33.5bn in capital since its inception, invests in companies around the world that it believes demonstrate opportunities for strong sustainable growth. It has backed 25 wealth and asset management firms worldwide. Fairstone […]
How the Ad Council plans to get Americans comfortable with vaccines
As it starts to roll out a massive Covid-19 vaccine education campaign, the Ad Council wants Americans to know that it’s OK to have questions about the vaccines. And it wants to point to vetted, accurate answers to those questions. The Ad Council is a nonprofit organization that makes and distributes public service announcements, including […]