With the UK going into its first financial recession since 2009 as a consequence of COVID-19, many businesses are struggling to stay alive in the current business climate. Without the right technology and continuity processes in place, organisations were unable to adapt their models quickly enough to survive when they needed to. Now it’s a […]
Archives for 2021
Bank of England maintains rate at 0.1%
The Bank of England’s Monetary Policy Committee has held interest rates at 0.1%. No members of the MPC voted to move to negative interest rates despite several expressing their attraction to the policy. There had been speculation since the start of the latest lockdown in England that the Bank could turn to negative interest rates […]
AICPA raises PPP concerns with SBA
The AICPA sent a letter Wednesday urging the US Small Business Administration (SBA) to address problems small businesses are encountering when trying to apply for Paycheck Protection Program (PPP) forgivable loans. The letter, which is signed by AICPA President and CEO Barry Melancon, CPA, CGMA, refers to “a number of very significant operational changes to […]
Why it’s romantic to talk about money
For relationships to work, couples need to be willing to discuss their finances. Fortunately, 81% of Americans who live with a partner or spouse said they’re “very” or at least “somewhat” comfortable having conversations about money, according to a new survey from the AICPA, which also shows avoiding the topic can have negative consequences. The […]
Connected Accounting Startup Lockstep Closes $10 Million Series A – AiThority
Connected Accounting Startup Lockstep Closes $10 Million Series A We store cookies on your computer to improve your experience and provide more personalized services, both on this website and on other sites. For more information about the cookies we use, see our Privacy Policy. We won’t track your information when you visit our site. We […]
GM’s “electric” Super Bowl commercial
Mary Barra continues to make all the right moves. Disclosure: happy shareholder. Here’s one of GM’s spots for the big game this Sunday. I’m taking the Chiefs btw. [embedded content]
Justice Department drops suit accusing Yale of discriminating against White and Asian applicants, in reversal from Trump era
The Department of Justice on Wednesday dropped a case against Yale University in which it alleged that the Ivy League institution was discriminating against White and Asian applicants in its admissions process. The decision, announced in a filing in federal district court in Connecticut, marks a reversal from the Justice Department’s stance under President Donald […]
Atria to buy a $4B firm using growth capital
A wealth management holding company with a different approach than most private equity-backed acquirers is buying its sixth independent broker-dealer. Atria Wealth Solutions agreed to acquire SCF Securities, a Fresno, California-based IBD with 150 registered representatives and $4 billion in assets under administration, the firms announced Jan. 27. The parties didn’t disclose the financial terms […]
Connected Accounting Startup Lockstep Closes $10M Series A – KHQ Right Now
SEATTLE, Feb. 3, 2021 /PRNewswire/ — Lockstep, the world’s first connected accounting cloud, today announced the close of a $10 million Series A funding round led by Point72 Ventures with participation from Clocktower Ventures and Revel Partners. Founded in 2019, Lockstep helps more than 180 customers process over 800 thousand invoices per month with almost 4 million entities. […]
How David Beats Goliath in Real Life
On Wall Street, David doesn’t beat Goliath in real life – especially in a battle of brute force and liquidity. The hedge fund industry manages $3 trillion. Private equity and real estate and venture money is even bigger than that. Funds are backed by banks and brokerages which are backed by the Federal Reserve. Get […]