Executive Summary Enjoy the current installment of “weekend reading for financial planners” – this week’s edition kicks off with the big industry news that both the Department of Justice, and the shareholders of both Charles Schwab and TD Ameritrade, have all approved the proposed ‘Schwabitrade’ merger, making it now only a matter of when (not […]
Archives for June 2020
GASB addresses subscription-based technology arrangements
GASB issued accounting and financial reporting guidance Friday for subscription-based information technology arrangements used by state and local governments. The accounting guidance for these subscriptions, which have become increasingly common in recent years, is included in GASB Statement No. 96, Subscription-Based Information Technology Arrangements. The new standard is based on the rules established in Statement […]
LIC Agent Commission – How much commission LIC agent gets?
As you are reading this post, I assume either you are LIC agent or want to know how much commission LIC agent gets? Whatever be the case, here is complete information about LIC agent commission rates. LIC agent is one of the most respected professions in India. LIC agents are officially designated insurance advisor that […]
4 key COVID-19 audit risks for 2020 year ends
Many auditors have begun to turn their sights to their next group of audits: clients with 2020 fiscal year ends. The World Health Organization declared a public health emergency on Jan. 30, 2020, meaning many of these clients will have been affected by the COVID-19 pandemic during the period under audit. Auditing these clients will […]
Getting creative with client events in challenging times
Adapting to a strange new normal can pay surprising dividends. Our newly independent practice turned the challenging shift to virtual events into charity for a good cause, a great time together with existing and prospective clients preparing delicious food from one of our favorite local restaurants. Before the pandemic, we primarily used Zoom for out-of-town […]
Qualified opportunity zone rules are relaxed
In Notice 2020-39, the IRS extended some deadlines for investing in qualified opportunity funds (QOF) and relaxed some investment requirements to make it easier for QOF investors to deal with the coronavirus pandemic. The QOF program created a process for designating certain low-income communities and qualifying contiguous census tracts as qualified opportunity zones (QOZs) (Sec. […]
How BNY Mellon will entice Pershing RIAs to use its ETFs
BNY Mellon, having recently launched a new suite of ETFs, is taking steps into a fast-growing sector for asset management: model portfolios. The bank’s foray in the $3 trillion model portfolio market comes as it also implements new price benefits for Pershing RIAs who invest clients in their eight ETFs. The proprietary models will be […]
ETtech Top 5: Postman funding, restaurants vs delivery apps, Jio’s sixth investor & more
Postman, a Software as a Service (SaaS) startup which was valued at $350 million just a year ago, may clock a nearly six-fold jump in its valuation as it looks to raise $150 million from Insight Partners. If the deal goes through, it will be one of the biggest jumps in valuation for an Indian […]
People & firms on the move: Windes elected new MP – Accounting Today
NEBRASKA ConvergenceCoaching, Bellevue, announced the 2019-20 graduates of its Transformational Leadership Program: Joseph Ali, partner, PKF O’Connor Davies; Mike Arens, tax manager, HBE LLP; Troy Banker, shareholder, Geffen Mesher & Company PC; Benjamin Beskovic, tax partner, PKF O’Connor Davies; Jamee Bollinger, senior accountant I, Grimbleby Colemanl; Kelly Buck, audit senior manager, Windes; Lisa Carrick, partner, […]
WeWork Global to invest $100 million in WeWork India
WeWork Global plans to invest $100 million in WeWork India to help grow the business in the Indian flexible market and focus on profitability. WeWork India plans to use the capital for focused growth in the Indian market over the next 36 months. WeWork India is already profitable at the centre level and is targeting […]