Scoot over financial health tunnel vision. You can learn how your business is doing holistically by preparing different financial statements. So, what is a financial statement? What is a financial statement? A financial statement is a collection of your business’s financial information. You can form conclusions about your business’s financial health through financial statement analysis […]
Archives for December 2020
5G and Industry 4.0 are the keys to unlocking Europe’s economy
Economic forecasts across the globe make for grim reading. The coronavirus pandemic when it first hit brought countries to a standstill. In June, the World Bank projected that the global economy was on course to shrink 5.2% over the course of 2020. Across Europe unemployment has risen to around 8% and industrial production is down around 6% compare with this time […]
Consumers wary of robo-advice says Quilter
Wealth manager Quilter has warned that consumers remain stubbornly wary of financial technology despite yesterday’s FCA review of the advice sector suggesting that robo-advice could play a key role in closing the advice gap. In its response to the FCA market review, Quilter said that the growth of financial scams during the Coronavirus pandemic has made people more wary […]
Dr. Gottlieb: ‘Hopeful’ there will be adequate coronavirus vaccine supply in 2021
Former FDA Chief and Pfizer board member Dr. Scott Gottlieb told CNBC that he is “hopeful” there will be adequate vaccine supply in 2021, on the heels of a Wall Street Journal report that Pfizer had to cut its original estimates for the amount of vaccine doses this year because of supply-chain problems. “The supply […]
Dr. Gottlieb: ‘Hopeful’ there will be adequate coronavirus vaccine supply in 2021
Former FDA Chief and Pfizer board member Dr. Scott Gottlieb told CNBC that he is “hopeful” there will be adequate vaccine supply in 2021, on the heels of a Wall Street Journal report that Pfizer had to cut its original estimates for the amount of vaccine doses this year because of supply-chain problems. “The supply […]
AICPA and trade associations ask Congress to fix PPP loan deductibility
In a Dec. 3 letter addressed to the U.S. Senate majority and minority leaders and the leaders of the House of Representatives, several hundred national trade associations, including the AICPA, and many state and regional affiliates appealed to Congress to pass legislation this year reversing the IRS’s treatment of expenses paid by funds borrowed under […]
How to effectively communicate your value as a bookkeeper – Part 2
Virtual Bookkeepers can spend a lot of time trying to build up their client list. Unfortunately, it’s hard to grow a business when you are underpricing your services and working overtime, just trying to earn a living. A better approach for building a successful bookkeeping business is to selectively take on clients who value what […]
Merrill Lynch leaves pay grid unchanged, tightens small account policy
Merrill Lynch will leave its compensation plan’s incentive grid unchanged for 2021 but it is making tweaks elsewhere — including a cut to payouts on small accounts. “We felt it was important to maintain stability,” said a senior Merrill Lynch executive, who requested anonymity in order to discuss the matter. The news comes as the […]
3 ways COVID-19 changed wealth management for UHNW families
“Before COVID-19, we were scared to bring up our wealth with our children.” These were the candid words of a longtime client who called about a month ago, echoing a sentiment I hear more often than I’d like. But fortunately, for many ultrahigh-net-worth families like his, there has been an important shift during the pandemic. […]
Gold vs Bitcoin, German stocks at new highs, Biotech breaks half-decade of consolidation
[embedded content] Subscribe to The Compound here! Welcome to Big Trends Monthly with Josh Brown and JC Parets of All Star Charts. We’re breaking down the latest monthly closing candlestick charts to reveal the most meaningful market moves around the world. In this episode: The rotation into small caps and mid caps is the most […]