As investors continue to seek the biggest bang for their buck, analysis of the lowest-cost funds in the industry show they may have been on the right track all along. The 20 funds with the best 10-year returns and fees below 5 basis points — and with at least $500 million in assets under management […]
Archives for April 2020
Tips for navigating CPA challenges related to PPP
News FINANCIAL REPORTING & AUDITING By Ken Tysiac {:else} {timeSince} {/if} {@if cond=”{isCGMA}”} {:else} {/if} {/.} Designed by Congress to provide a lifeline to small businesses and not-for-profits that are suffering from the economic effects of the coronavirus pandemic, the Paycheck Protection Program (PPP) has resulted in many questions for CPAs attempting to serve their […]
Relief for tax residency impacts of COVID-19 travel disruptions
The IRS provided relief Tuesday to individuals and businesses whose tax residence might be affected by cross-border travel disruptions arising from the COVID-19 crisis, such as canceled flights, border closings, or shelter-in-place orders. The relief eases some potential consequences that a prolonged stay in a country may have on the determination of where an individual […]
Ripple sues YouTube over cryptocurrency scams
Blockchain firm Ripple sued Alphabet’s YouTube on Tuesday, alleging the video-sharing platform failed to protect consumers from cryptocurrency “giveaway” scams that use fake social media profiles to dupe victims into sending money. The company says scammers on YouTube have been impersonating Ripple and its CEO, Brad Garlinghouse, to bait viewers into sending thousands of dollars […]
How Facebook is logging into the Reliance Jio ecosystem
Illustration: Rahul Awasthi Among the many things left unsaid in the several statements surrounding the $5.7 billion investment by Facebook in Reliance Industries Ltd.-owned Jio Platforms on Wednesday, was that the social media giant’s messaging service WhatsApp could now be transitioning beyond an app into a “platform”, with commerce and transactions (payments) becoming integral to […]
The death of traditional accounting – Accounting Today
It wasn’t that long ago that people drove their cars holding a large unfolded map in one hand, glancing at it now and then to determine when to make the next turn. Today, we look back and marvel at how antiquated this everyday practice has become. Technology has a way of doing that to us, […]
The real cost of ransomware: Protect yourself from cyberattack fallout
Ransomware remains the most common malware threat to small and medium-sized enterprises (SMEs). In the first half of last year alone, 61% of managed service providers (MSPs) reported attacks against their clients, sometimes multiple attacks in a single day. At the same time, says Ryan Weeks, CISO at Datto, a recent survey of over 150 […]
Netflix eyes making its service ‘more competitive’ in India
Netflix said it is looking to make its service competitive in India to attract more viewers and grow its subscriber base. This move comes at a time when video streaming services are witnessing a surge in content consumption and subscription growth as people are confined to their homes due to the lockdown. Netflix added a […]
Fixing Unwanted RMDs Taken Before The CARES Act Waiver Of 2020 RMDs
Executive Summary With the passage of the Coronavirus Aid, Relief, and Economic Security (CARES) Act by Congress last month, Americans were provided with a more-than-$2 trillion emergency fiscal relief package that included benefits for many individuals, small business owners, healthcare providers, and government entities. For financial advisors with clients who have retirement accounts or who […]
Advisers quitting pension transfers hits Gold Standard
More than 1,300 financial advisers have signed up to the Pension Transfer Gold Standard in the past 12 months but the number re-registering is set to fall as disillusioned advisers quit the market. The Gold Standard is a set of nine principles for advisers and a consumer guide. It was launched in April 2019 by […]