Executive Summary Welcome back to the 164th episode of Financial Advisor Success Podcast! My guest on today’s podcast is Julia Carlson. Julia is the founder and CEO of Financial Freedom Wealth Management Group, a hybrid RIA based in Newport, Oregon, that oversees nearly $300 million of assets under management for almost 1,000 client households. What’s unique […]
Archives for February 2020
OECD director: Agreement on digital services tax underway
The Organisation for Economic Co-operation and Development (OECD) is hopeful that member states will come to a consensus on a cross border tax system reflective of the “digitisation of the economy”, according to Pascal Saint-Amans, the organisation’s director of the centre for tax policy and administration. “There is broad recognition that reaching a multilateral solution […]
SoftBank’s latest fund wheeze sets off new alarms
By Chris HughesSoftBank Group Corp. became vulnerable to activist attack by Elliott Management Corp. because of the harmful noise generated by the Japanese technology investor’s giant Vision Fund. That noise just won’t die down. Sunday brought a report in the Financial Times that Vision Fund head Rajeev Misra is looking to raise a multi-billion dollar […]
B2B e-commerce firm MaxWholesale raises $3 million in new funds
Illustration: Rahul Awasthi MaxWholesale, a B2B e-commerce platform for kirana (mom-and-pop stores) has raised $3 million led by Indian Angel Network and Al Falaj Investment Company (AFI), an Abu Dhabi based private family office. Existing investor Maple Capital also participated in this round along with Infoedge’s ex-CFO Ambarish Raghuvanshi, Maple Capital’s Abhinav Grover and Biba […]
Should you Choose to be Employee or Independent Consultant from Taxation Perspective?
Few people while taking up a new job have the flexibility to work as an employee or independent consultant (also known as contractor or freelancer). If planned properly consultants have lower tax outgo for the same CTC (Cost to company). With Budget 2016 introducing presumptive taxation for some professionals like legal, medical accountancy, architect, IT […]
Swedish investor lowers Quikr valuation by 45%
Swedish investment firm Kinnevik has marked down the valuation of Quikr by 45% to about $570 million from more than $1 billion as of September 2019, the firm said in its annual earnings statement earlier this month. The fall in valuation comes as the Bengaluru-based online classifieds and transactions marketplace discovered fraud in its co-living […]
Bezos launches $10B fund to combat climate change
His company is often criticized for its environmental record, but Jeff Bezos, CEO of Amazon and the world’s richest man, said Monday that he was committing $10 billion to a new fund to tackle climate change. In a post to his 1.4 million followers on Instagram, the e-commerce tycoon said the Bezos Earth Fund would […]
Visa says OTP not needed for ‘routine’ transactions
Global card network provider Visa aims to phase out the twofactor authentication (2FA) process on routine card transactions during digital checkouts and replace the scrutiny layer with a riskbased prompt, where transactions deemed unusual or risky by banks would be vetted through a One Time Password (OTP) check. For this, Visa plans to hold discussions […]
Partner Pages 2020: Trying change on for size
By Niranjan Deshpande and Rajesh Rajpal, Directors at LPA Partners, Victoria and Nick Grieve, Director of Cloud Solutions at Perks, South Australia When your practice faces major change, the size of your team can influence your business decisions – and outcomes. Small firms can pivot faster, but larger enterprises have more resources to direct at the […]
Art of Accounting: Barry Melancon updated – Accounting Today
AICPA president and CEO Barry Melancon gave his annual update at the Accountants Club of America on Feb. 4. This was a can’t-miss program for me and likely for all of the other attendees at the sold-out breakfast. An excellent article by Michael Cohn appeared that day reporting on the presentation. However, my interest in […]