With wealth management M&A breaking records on multiple metrics, two of the fastest growing RIA aggregators unveiled deals for billion-dollar firms within five hours of each other. CI Financial struck first on June 28, with the announcement that the Canadian asset manager and giant entrant to the U.S. wealth management scene is making its 19th […]
Archives for 2021
Last of the ‘Dirty Dozen’: Schemes peddled by tax promoters
In the fourth and final installment of this year’s IRS “Dirty Dozen” list, which highlights common tax-related scams, the IRS cautioned taxpayers to be on the lookout for schemes peddled by unscrupulous tax promoters, including syndicated conservation easements, abusive microcaptive insurance arrangements, and other abusive arrangements (IR-2021-144). Each year, the Service issues an advisory to […]
Linux Variant of REvil Ransomware Targets VMware’s ESXi, NAS Devices
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Is SIP a Mutual Fund? & 13 Common Myths about SIP Debunked
Is SIP a Mutual Fund? What is the difference between Mutual Funds Vs SIP? These were some of the questions I was asked by some one close to me and obviously not financially savvy. I think SIP or Systematic Investment Plan have been marketed so well by mutual funds that it has been misunderstood by […]
Farm businesses receive guidance on tax treatment of losses
The IRS issued Rev. Proc. 2021-14 on Wednesday instructing taxpayers with a net operating loss (NOL), consisting entirely or partly of a “farming loss,” as defined in Sec. 172(b)(1)(B)(ii), on how to make or revoke certain elections including those available under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, P.L. 116-136. For most taxpayers, […]
a million chances to fail
Your mission is to invest for the long term. Simple but not easy. The world will offer you a million chances to fail in that mission. On any given day, over any period of time you want to document, there are plenty of reasons to be fearful and flee to the (perceived) safety of cash. […]
Supreme Court sides with GOP and upholds Arizona voting rules Democrats called discriminatory
The Reverend Debra Haffner, Pamela Wilson and Dawn Wagner Houston carry signs as activists rally in support of the “For the People Act” voting rights legislation in front of the U.S. Supreme Court in Washington, June 23, 2021. Evelyn Hockstein | Reuters The Supreme Court on Thursday ruled 6-3 to uphold Arizona voting rules supported […]
Bank information can now be updated on child tax credit portal
The IRS on Wednesday added a new feature to its Child Tax Credit Update Portal to allow individuals to update their bank account information in order to receive monthly advance child tax credit payments (IR-2021-143). The IRS says any updates made by Aug. 2 will be reflected in the scheduled Aug. 13 payment and subsequent […]
6 Business Estimate Facts in a 6-Minute Read
Want to let your customers know approximately how much a project’s going to cost them? If so, you need to know the ins and outs of creating a business estimate. But of course, you’re a busy business owner. You’d rather be creating the estimates and generating money than reading about them. That’s why we’ve put […]
Gilbert’s AssetCo takes £27.8m stake in Parmenion
Former Standard Life Aberdeen join chief executive Martin Gilbert’s AssetCo has acquired a 30% stake in Parmenion Capital Partners. AssetCo is expected to pay £27.8m for the equity stake. Standard Life Aberdeen also completed its sale of Parmenion today to private equity house Preservation Capital Partners, in a £102m deal which was announced in March. […]