As a business owner, there are a number of taxes you may be subject to paying or remitting. One of these taxes is privilege tax. So, what is privilege tax, and are you required to pay it? Get the facts straight about the different types of privilege tax below. What is privilege tax? So, what […]
Archives for 2021
Why Your Business Needs a Long-Term Remote Security Strategy
The administrator of your personal data will be Threatpost, Inc., 500 Unicorn Park, Woburn, MA 01801. Detailed information on the processing of personal data can be found in the privacy policy. In addition, you will find them in the message confirming the subscription to the newsletter.
FCA proposes PRIIPS rule shake-up
The Financial Conduct Authority (FCA) has proposed scrapping the requirement for packaged retail investment and insurance-based products (PRIIPS) providers to include performance scenarios in communications to clients. The move follows feedback from firms that current methodology can produce misleading illustrations across almost all asset classes. Under current PRIIPS rules, providers have to include performance scenarios […]
#FA Success Ep 238: Breaking Away To Independence For Freedom To Serve Clients The Way You Want, With Margaret Dechant
Executive Summary Welcome back to the 238th episode of the Financial Advisor Success Podcast! My guest on today’s podcast is Margaret Dechant. Margaret is the CEO of 6 Meridian, a hybrid-RIA located in Wichita, Kansas, that has $3 billion in assets under advisement, serving 700 clients. What’s unique about Margaret, though, is that, in 2016, […]
10 accounting mistakes new businesses should avoid
10 accounting mistakes new businesses should avoid | Reckon Blog Blog Post Home > Tips > 10 accounting mistakes new businesses should avoid
SQL technology; benchmark for a reason
In case you’ve entered the programming and analytics, structured query language or SQL has been an analytics staple for years and it provides the backbone to many systems that then connect to pull data since the system already exists, says Joseph Zulick, manager at MRO Electric and Supply. It’s nice to look at all the shiny […]
FASB alters accounting for certain leases with variable lease payments – Journal of Accountancy
FASB issued a standard Monday that is designed to improve the board’s lease accounting rules related to a lessor’s accounting for certain leases with variable lease payments. Under Topic 842, Leases, a lessor may be required to recognize a selling loss at lease commencement (day-one loss) for a sales-type lease with variable payments even if […]
FASB alters accounting for certain leases with variable lease payments
FASB issued a standard Monday that is designed to improve the board’s lease accounting rules related to a lessor’s accounting for certain leases with variable lease payments. Under Topic 842, Leases, a lessor may be required to recognize a selling loss at lease commencement (day-one loss) for a sales-type lease with variable payments even if […]
GASB proposal addresses a variety of governmental accounting issues
GASB proposed an accounting standard Monday that would address a wide range of issues for state and local government finance departments that have been identified by the board as needing attention. The issues included in the exposure draft, Omnibus 20XX, include: Accounting and financial reporting for exchange or exchange-like financial guarantees. Classification and reporting of […]
Schumer to push Senate forward on bipartisan infrastructure bill, budget resolution this week
U.S. Senate Majority Leader Chuck Schumer (D-NY) is flanked by Senators’ Patty Murray (D-WA), Dick Durbin (D-IL) and Debbie Stabenow (D-MI) as he talks to reporters following the Senate Democrats weekly policy lunch at the U.S. Capitol in Washington, U.S., July 13, 2021. Elizabeth Frantz | Reuters Senate Majority Leader Chuck Schumer, D-N.Y., plans to […]