A decade on from George Osborne’s ‘pension freedoms’ Budget bombshell announcement in 2014, the latest HMRC data showed that £70bn of retirement cash has since been accessed flexibly by Brits. The reforms were implemented in April 2015 and ditched restrictions that previously applied to ‘drawdown’ and ushered in a new era of freedom and choice […]
Archives for 2024
NI cut puts state pension funding in doubt
There are urgent questions about where the cash to fund the state pension will come from following the government’s decision to cut the employees’ National Insurance from 10% to 8% from April. Steven Cameron, pensions director at Aegon, has urged the government to explain where future state pension funding will come from. He said: “While […]
A ‘kinder, gentler’ FINRA — despite collecting $89M in fines
Industry lawyers think the watchdog agency may be handling low-level missteps through informal means and saving the big fines for violations that harm clients or undermine markets.
2 in 10 accessing pension savings without understanding rules
Almost 2 in 10 (16%) of Britons had accessed funds from their pension savings without understanding the rules before doing so, according to a new report. A worrying 15% of over-55s surveyed by Standard Life said they felt overwhelmed at the options for accessing their pension, with 7% delaying taking from their pension because they […]
Your 10-step checklist for end of financial year in 2024
We know end of financial year is a busy time, so we’ve prepared a quick 10-step checklist to help you cover your bases at the end of FY24 and start the new financial year off strong. If you’re using Xero, you can find more helpful information in our handy guide for getting ready for financial […]
Edward Jones caps years-long turnaround with big pay day
Industry recruiters still wonder if the regional firm’s new recruits bring the experience needed to replace the experienced teams that have been leaving.
EV euphoria is dead. Automakers are scaling back or delaying their electric vehicle plans
Automakers from Ford and GM to Mercedes-Benz, Volkswagen and Aston Martin are scaling back or delaying their electric vehicle plans.
How Is Machine Learning Used in Accounting?
Machine learning (ML), a branch of artificial intelligence (AI), is everywhere. It has transformed online shopping (“users also bought…”) and TV streaming (“because you watched…”). Machine learning has also revolutionized the field of accounting. Machine learning in accounting has made financial management more streamlined, accurate, and insightful. Business owners, accountants, and bookkeepers can benefit from […]
ADM Seeks to Reassure Investors Amid Accounting Probe – CPAPracticeAdvisor.com
ADM Seeks to Reassure Investors Amid Accounting Probe CPAPracticeAdvisor.com
Why Moving To A Lower-Tax State Doesn’t Always Result In Lower State Taxes On Deferred Income
Most of the time, people are subject to state taxes in the states where they live and/or earn their income. So when moving to a lower-tax state or another, their income tax burden likewise shifts to the new state along with them. Which is, for example, why so many people opt to move to lower-tax […]