Executive Summary Back in 2015, Carl Richards made a bit of a stir in the financial planning community when he published his book, “The One-Page Financial Plan”, which suggested that most important aspects of a full financial plan could (and should) be delivered to clients on a single page (effectively a form of executive summary). […]
Archives for 2021
Retirement has changed. So why are planning strategies still the same?
Retirement — and what it means to each and every employee — is changing, and employers will need to re-strategize their current approach if they want to set workers up for success. A study conducted by Franklin Templeton, a leading asset management company, found that 80% of employees think the traditional idea of retirement no […]
11 Best Investments to get Monthly Income in India
Generating regular monthly income with low risk is a priority for many especially people who have retired or new entrepreneurs who need regular income until their business stabilises. In this post we list down 11 best investments which can help you generate your required monthly income with relatively low risk. Monthly Income Scheme from Banks […]
Verification in ITR – I further declare that I am making returns in my capacity as ….
After you fill up your income tax return forms, the last section asks for Verification. The statement reads as: Verification in ITR – What to fill in capacity I, (full name in block letters), son/ daughter of solemnly declare that to the best of my knowledge and belief, the information given in the return […]
Fresh COVID-19 cash flow support for NSW small businesses
With millions of NSW residents under stay-at-home orders and the state holding their collective breaths, it’s buoying to see fresh support offered to small businesses affected by the lockdown. There were two primary business streams of financial grant support announced on Tuesday by NSW Premier Gladys Berejiklian and Treasurer Dominic Perrottet. The first stream is […]
Proposed bill to regulate tax preparers has AICPA support
The AICPA signaled strong support for a bill introduced in Congress last week that would authorize Treasury to regulate paid tax return preparers and mandate minimum competency standards. The proposed legislation has bipartisan backing and is sponsored by Reps. Jimmy Panetta, D-Calif., and Tom Rice, R-S.C. If enacted, the Taxpayer Protection and Preparer Proficiency Act, […]
More ‘Dirty Dozen’: Fake charities, ‘ghost’ preparers, and other ploys
In a third batch of “Dirty Dozen” cautions about common tax-related scams, the IRS on Wednesday warned taxpayers about bogus charity appeals and frauds upon seniors and immigrants (IR-2021-141). The IRS also called attention to unscrupulous individuals who purport to serve taxpayers with “pennies on the dollar” settlements of their tax debts and shady or […]
Business implications of AI within tax & accounting – Reuters
With AI promising the greatest transformation in many industries, including tax & accounting, we need to begin asking what the implications of this will be. Artificial intelligence (AI) continues to promise the greatest level of transformation within many industries, including tax & accounting. “The global AI market was valued at $62.35 billion in 2020, and […]
Why MTTR is Bad for SecOps
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Don’t focus only on 5G when it comes to launching IoT offerings
The Internet of Things (IoT) has been maturing for 20 years with some companies driving long-established strategies with high volumes of connections and demonstrably successful business cases. These established deployments are helping their owners generate money, save costs and achieve compliance but, as Peter Fowler, senior vice president North America at Quectel Wireless Solutions says, […]