Executive Summary The Registered Investment Adviser was established by the Investment Advisers Act of 1940, with an explicitly stated intention of separating “bona fide investment counselors” from the “unscrupulous tipsters and touts” trying to just sell the next hot investment scheme. Accordingly, from its very start, a key pillar in the regulation of investment advisers […]
Archives for 2021
25% fall in traditional retirement clients – study
A new study suggests that the traditional retirement client base many financial advisers rely on has shrunk by 25% over the past 10 years and may continue to decline. The report by Canada Life, ‘Financially Mature and Stress Free’ suggests that the traditional ‘comfortably retired’ retirement planning client base many advisers target may be in […]
IRS requires corrected information returns for certain SBA loans
The IRS instructed lenders that have erroneously filed or furnished Forms 1099-MISC, Miscellaneous Income, reporting certain payments on U.S. Small Business Administration (SBA) subsidized loans as income of the borrower, to file and furnish corrected Forms 1099-MISC that exclude these subsidized loan payments (Announcement 2021-2). Under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, […]
Filing Taxes for Small Business With No Income: To File, or Not to File
So, you started a business, then let it sit for a little bit, hmm? If you didn’t earn income for an entire year, you might be wondering if you have to file your tax return. So, how does filing taxes for small business with no income work? To file, or not to file? That is […]
Amazon will pay $61.7 million to settle claims it withheld tips from delivery workers
Contractors working for the Amazon Inc. Flex program load packages into vehicles to deliver to customers in San Francisco. David Paul Morris | Bloomberg | Getty Images Amazon will pay $61.7 million to settle allegations by the Federal Trade Commission that it failed to pay Flex delivery drivers the full amount of tips received from […]
Download Income Tax Calculator FY 2021-22 (AY 2022-23)
Download Income Tax Calculator FY 2021-22 (AY 2022-23) in Excel Format. It is simple and user-friendly income tax calculator for salaried individuals. This calculator will work for both old and new tax slab rate which were released in 2020. You can calculate your tax liability and decide tax efficient investment options and suitable tax structure […]
Harnessing the power of smart cities for a brighter future
Recent innovations in 5G, Internet of Things (IoT) and fibre infrastructure technologies are helping to expand and fortify the networks of the future. Smart cities around Europe which utilise these networks and the power of big data are now reaping the rewards of these innovations through the efficient management of city assets, resources and services, says Chris […]
#FASuccess Ep 214: Building A Premium Advice Service By Niching With Ultra-High Net Worth Divorcees, With Olivia Summerhill
Executive Summary Welcome back to the 214th episode of the Financial Advisor Success Podcast! My guest on today’s podcast is Olivia Summerhill. Olivia is the founder of Summerhill Wealth, an independent RIA based near Seattle that exclusively works with women who want help adjusting to and maintaining their standard of living after a divorce. What’s […]
Embark launches Investment Pathways tool
Retirement solutions and platform provider Embark has launched an Investment Pathways tool to help non-advised customers move their pensions into income drawdown. The provider has also launched an educational website to provide information for investors about the choices they face as they approach retirement, highlighting some of the key considerations and providing useful tools to […]
Geospatial technology will be at the heart of the IoT Big Data analysis
In an ever more connected world, Esri a global provider of geo-spatial and analytical software is about to embark on a new journey to help organisations understand and analyse vast amounts of Internet of Things (IoT) big data through location intelligence. As we know, the digital transformation of people’s lives from recent events has become […]