CEO of Twitter Jack Dorsey testifies remotely during the Senate Commerce, Science, and Transportation Committee hearing ‘Does Section 230’s Sweeping Immunity Enable Big Tech Bad Behavior’, on Capitol Hill in Washington, DC, October 28, 2020. Greg Nash | Pool | Reuters Twitter CEO Jack Dorsey said on Wednesday that banning President Donald Trump was the […]
Archives for 2021
Bookkeeping Basics for Small Business Owners
On average, business owners can spend countless hours each week recording, organising, and processing financial transactions – everything from accounts receivable and payable, to employee payments, expense receipts and supplier invoices. While the process may be time-consuming, effective bookkeeping is the foundation of sound financial management – which in turn, is the lifeblood of the […]
PPP application dates announced
The application window for Paycheck Protection Program (PPP) forgivable loans will open Friday for lenders with $1 billion or less in assets, the US Small Business Administration and Treasury announced. The opening, which will take place at 9 a.m. ET, applies for both first- and second-draw PPP loans. The program will begin accepting applications for […]
In largest succession deal, Cetera buys $4B region
Three partners in a major enterprise sold the firm to their longtime independent broker-dealer, Cetera Financial Group. John Brackett, Eric Huck and Anthony Tarantino formed Concord, Calif.-based BAR Financial in 2003 out of the merger of Brackett’s father-in-law’s firm and a former IBD named T.H.E. Financial Group. After growing to nearly 300 advisors and $4 […]
Clips From Today’s Power Lunch
Josh Brown on what’s driving Nio higher from CNBC. Lost passwords lock investors out of bitcoin fortunes from CNBC.
IMA CEO Thomson foresees ‘megatrends’ for accountants this year – Accounting Today
Institute of Management Accountants president and CEO Jeff Thomson is predicting six megatrends in the finance and accounting profession this year. They include: An increasing amount of automation; Remote work becoming the norm for finance teams; Environmental, social and governance reporting growing in importance; Finance professionals being held accountable for enterprise risk management; Diversity, equity […]
Visa, Plaid scrap $5.3b deal amid U.S. antitrust suit
Facing a prolonged antitrust fight with the U.S. Justice Department, Visa walked away from a proposed $5.3 billion acquisition of Plaid. The DoJ sued to block the deal in November, accusing Visa of trying to buy the fintech firm to eliminate an emerging threat to its online debit business. Visa has said the government failed […]
$815M RIA sells to Mercer in succession plan deal
Nearly 30 years after two financial advisors started their practice with a couple of telephones and Rolodexes, they sold it to one of the largest private equity-backed RIA acquirers. Julianne Andrews and Cathy Miller of Atlanta Financial Associates have “not a few but many clients who were with us” when they launched in 1992, Andrews […]
ACORD unveils accounting reconciliation platform – Business Insurance
ACORD Solutions Group Inc. has launched its real-time premium accounting reconciliation ADEPT platform, with the first data exchanged by Aon PLC and insurer Zurich North America, ACORD said in a statement Wednesday. The system utilizes blockchain-based technology to verify payment information by structuring, translating and validating data in real time. ACORD, the Association for Cooperative […]
Businesses facing Brexit VAT pressures
EU and UK businesses face additional costs and compliance burdens following the Trade and Cooperation Agreement made between the two parties, according to tax specialists. “Moving straight to import VAT provides a significant cash flow disadvantage,” says James Ross, partner at law firm McDermott Will & Emery. “You’re having to account for VAT earlier than […]