Valuation of nonfungible tokens (NFTs) became a hot topic when digital artist Beeple sold an NFT for almost $70 million earlier this year. The high price commanded in that sale and numerous other transactions led to a difficult question for CPAs. What is an NFT’s value when it’s on a company balance sheet, or held […]
Archives for 2021
Voices: Bitcoin in your IRA? What could possibly go wrong?
Even the most adventurous investor would acknowledge that cryptocurrencies are risky. And that saving for retirement should be a search for a measure of safety. Yet salespeople have been blanketing potential investors with email pitches urging them to put Bitcoin and other cryptocurrencies into individual retirement accounts. They tout eye-popping gains, warn of scary inflation […]
Carson Block on China vs Chinese Tech Stocks
I don’t watch a lot of TV during the day but I happened to have caught this great interview between Joe Kernan and Carson Block this morning regarding the latest signaling from the Chinese Communist Party. They warned their version of Uber, called Didi, not to f*** around and list on a US exchange, and […]
What Is Net Investment Income Tax? The 3.8% Tax You May Need to Worry About
If you profit from your investments, this one’s for you. You’re responsible for paying capital gains tax. And depending on how much money you make annually, you may also be responsible for net investment income tax. What is net investment income tax? What is net investment income tax? Net investment income tax (also called NII […]
Kitces & Carl Ep 64: Why AUM Keeps Growing Despite Opportunities For Flat-Fee Clients
Executive Summary In the early days of the financial advice industry, an advisor’s most valuable service for clients was simply providing access to financial products (as stocks, bonds, insurance, etc. couldn’t be purchased directly by consumers). However, the advent of online brokerages not only drove down the cost to purchase investment products, but made investing […]
Informed Choice closes office for Freedom Day
Financial Planning firm Informed Choice is to close its office for the day on Monday 19 July in order to celebrate Freedom Day. The office closure comes as the firm prepares to return to the office with a hybrid approach to work from home and the office next week. The office will be closed for […]
COVID-19 Support Packages
COVID-19 support packages are available. With COVID-19 still causing havoc around the country and with the safety net of JobKeeper no longer available, there are a number of support packages on offer by state, territory and federal governments. COVID-19 Support Packages for NSW Business The NSW Government will be offering financial support to businesses […]
Minimising at home and work
Minimising at home and work feels great – I recently culls my kids room … it’s surprising how much stuff can two little people accumulate! Things can accumulate without you being aware After 7 years of fertility treatments, we had two babies fairly quickly. During my pregnancy I was so excited I just started accumulating […]
Apps Built Better: Why DevSecOps is Your Security Team’s Silver Bullet
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Investment in space companies hit record $4.5 billion in the second quarter, report says
A Falcon 9 rocket booster lands after launching the company’s Transporter-2 rideshare mission on June 30, 2021. SpaceX Private investment in space companies hit $4.5 billion in the second quarter, a record for the sector, according to a report on Wednesday by New York-based firm Space Capital. “This was the largest quarter on record for […]