Businesses of all shapes and sizes are adjusting to the challenges of ever-shifting COVID-19 restrictions. With the UK in another period of lockdown, many small businesses are taking the lessons they learnt from earlier this year to navigate these latest restrictions. London-based jewellery brand, Fenton, is no exception. The company was founded two years ago […]
Archives for November 2020
Nikola shares fall after CEO fails to reassure investors GM won’t pull out of $2 billion deal
Nikola Motor Company Two truck Source: Nikola Motor Company Shares of embattled electric vehicle start-up Nikola Corp. fell by more than 8% in afterhours trading after CEO Mark Russell failed to reassure investors that the company’s $2 billion deal with General Motors would still go through and that ousted founder Trevor Milton wouldn’t suddenly sell […]
Announcing the 2020 Xero Awards Asia finalists
In what has been a turbulent year for many small businesses around the region, we wanted to take this opportunity to recognise some of our exceptional accounting, bookkeeping and corporate secretarial partner firms. The second annual Xero Awards Asia celebrates excellence amongst our Xero partners as they champion their SME clients, advocate for digital transformation […]
Stronger and smarter: The benefits of going low contact and cashless
The posts in this series have been drawn from Xero’s Stronger and smarter: a small business handbook. Designed to help small businesses determine which steps to take next, this practical guide uncovers the 10 trends shaping the future – so you can come back stronger and smarter than ever. Switching to cashless transactions with low […]
The Bears Get Slaughtered. Again.
[embedded content] Subscribe! On an all-new episode of What Are Your Thoughts, Michael Batnick and Josh Brown discuss the biggest topics on Wall Street this week, including: All the ingredients seem to be in place for a market melt-up into year end – or did that already happen? The Armageddonists – JP Morgan’s Michael Cembalest […]
20 memorable — and actionable — takeaways from the CFP Board’s Diversity Summit
The spotlight on racial justice and equity in America following the killings of Breonna Taylor and George Floyd and others has renewed calls for change in the wealth management industry. Industry leaders have laid out a plan for how action can become permanent and sustainable at the CFP Board’s Center for Financial Planning Diversity Summit, […]
Ex-LPL advisor headed to prison for 42 months after Ponzi scheme
A former LPL advisor is heading to prison for three-and-a-half years for his role in orchestrating a long-running scheme that bilked dozens of investors out of nearly $5 million. James Booth, 75, ran what prosecutors described as a Ponzi scheme in which he made a series of “misrepresentations and lies” about how he was handling […]
Like-kind exchange rules define real property, incidental personal property
The IRS has issued final regulations that define what property qualifies for Sec. 1031 like-kind exchange treatment (T.D. 9935). The new rules are necessary because the law known as the Tax Cuts and Jobs Act (TCJA), P.L. 115-97, removed personal property from qualifying for the deferred tax treatment for like-kind exchanges. T.D. 9935 finalizes proposed […]
$1B OSJ drops Securities America for LPL in latest post-M&A deal exit
In LPL Financial’s fifth recruiting grab this year moving at least $1 billion in client assets, the firm added a 30-advisor enterprise from a rival’s largest independent broker-dealer. Stephen Bull and Zach Mason of Verus Capital Partners dropped Advisor Group’s Securities America to affiliate with LPL, the firms said Nov. 23. After nearly a decade […]
US based UK companies expected to face new tax challenges under Biden
With a new tax regime expected in the US, UK companies will be braced for change, says Laurence Field, partner at Crowe UK. “Businesses will need to adapt to what politicians say. The reality is, there is never a good time to change tax systems from a business point of view,” says Field. In 2017, […]