If you’re a business owner, employer, or both, you need to know what’s going on in your state. There are many state tax systems that you must follow to remain compliant and avoid penalties. So, how can you possibly keep up? Brush up on the systems and your responsibilities below. 5 State tax systems If […]
#FA Success Ep 295: Systematizing A Planning Process To Maximize The Return On Life For Clients, With Shari Greco Reiches
Welcome back to the 295th episode of the Financial Advisor Success Podcast! My guest on today’s podcast is Shari Greco Reiches. Shari is the Co-Founder and Chief Visionary Officer of Rappaport Reiches Capital Management, an independent RIA based in Skokie, Illinois, that oversees more than $800 million in assets under management, for 350 client households. […]
Client Cash Management: Why It’s Important, And The Next Generation Of Technology To Make It Better
Cash tends to exist at the forefront of individuals’ day-to-day lives for many reasons: as a stable savings vehicle for near-term goals, a safety net for unforeseen emergency expenses, and, of course, to pay for daily living expenses, just to name a few. And this nearness to daily life means that cash – and how […]
Weekend Reading For Financial Planners (Aug 20-21)
Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the news that the FPA is planning to leave the Financial Planning Coalition (which also includes the CFP Board and NAPFA) at the end of the year. This follows the FPA’s announcement that it plans to pursue title […]
Keep Track of Your Giving Spirit With a Donation Expense Journal Entry
Did your business make a donation? Are you thinking about making one? If your business is in the giving spirit and donates to a nonprofit, you need to make a donation expense journal entry. The way you record a donation expense journal entry differs depending on the types of donations you give. So, what is […]
Reckon’s CTO talks cybersecurity – what small businesses need to know
Small businesses across the country are experiencing a sharp uptick in sophisticated cybercrime. While cybercrime has always posed a threat to Australian businesses and their data, in recent years these threats have accelerated in magnitude. However, if you couple education with more secure solutions such as cloud software and storage, eInvoicing over regular invoicing, and […]
Advisory Agreement Statutory Requirements: What Advisors Need To Know To Stay Compliant
Registered Investment Advisers (RIAs) are generally required to enter into an advisory agreement with their clients prior to being hired for advisory services. And while there is no standard ‘template’ language applicable to all advisory agreements, there are a number of best practices that RIAs can follow in drafting and reviewing their agreements to ensure […]
Back it Up … What Is Backup Withholding, and Are My Contractors Subject to it?
When you pay an independent contractor, you don’t withhold taxes from their wages … or do you? In some cases, contractor wages are subject to backup withholding. So, what is backup withholding, and when do you need to do it? What is backup withholding? IRS backup withholding requires you to withhold tax from payments that […]
#FA Success Ep 294: Developing COI Referrals With Attorneys From An Attorney-Turned-Advisor, With Neel Shah
Welcome back to the 294th episode of the Financial Advisor Success Podcast! My guest on today’s podcast is Neel Shah. Neel is the Founder of Shah Total Planning, which itself is a combination of Beacon Wealth Solutions (an independent RIA) and Shah & Associates (a law firm) in Monroe Township, New Jersey, and oversees $57 […]
How does eInvoicing work in the Reel World?
As eInvoicing becomes more common and businesses who rely on invoices for payment become weary of antiquated invoicing methods, it’s time to look at an example of how making the switch to eInvoicing radically improves payment collection. Before we jump into an example of what happens when you make the switch to eInvoicing, let’s quickly […]