Unless you want IRS penalties and audits, you know you have to do it. Without it, you wouldn’t know your business’s financial health. Your business decisions would be shots in the dark. We’re talking about accounting, of course. So, how does accounting protect your business, gauge its health, and help you make decisions? In short […]
Archives for 2020
#FASuccess Ep 163: Building A Fast-Growth Practice Without Prospecting By Working Under A Credit Union, with Michael Gennawey
Executive Summary Welcome back to the 163rd episode of Financial Advisor Success Podcast! My guest on today’s podcast is Michael Gennawey. Michael is a financial advisor and program manager for SoCal Wealth Management, a hybrid advisory firm in Southern California that oversees $260 million of assets under management for nearly 1,800 clients. What’s unique about […]
2 in 3 couples failing to get retirement planning advice
Nearly two out of three over-55s couples have never had retirement planning advice, according to a new survey. The survey also found that one in four over-55s have not discussed how much their partner has in pension savings. Research on 1,010 adults in October for advice network Openwork suggests only a minority of couples seek […]
Industrial IoT: Price comparison data preserves margins for small and mid-sized manufacturers
IIoT (Industrial Internet of Things) is misunderstood by most small and mid-sized manufacturers who neither have the funding nor the inclination to gather, cull, and use big data. What these organisations need is to preserve thin margins to survive (and hopefully thrive). Too often the lack of pricing comparison and routinised purchasing from distributors and […]
Bankers in Asia brace for a virus-related deal drought
HONG KONG/SINGAPORE (Reuters) – Bankers in Asia are bracing for a deal drought as efforts to limit the spread of the coronavirus epidemic have put key meetings and roadshows on hold. Several auctions of assets are facing delays or re-assessments and preparations for potential Chinese initial public offerings (IPOs) are also slowing, bankers said. “All […]
IoT Now Magazine Q1 – New issue out now! Is IoT ready for mass-market adoption?
IoT Now Magazine (ISSN 2397-2793) explores the evolving opportunities and challenges facing service providers across this sector. Our exclusive interviews pass on the key lessons learned by industry leaders in next gen Machine-to-Machine (M2M) and Internet of Things (IoT) services.
The limited Social Security do-over clients should know
Welcome to Retirement Scan, our daily roundup of retirement news your clients may be talking about. A limited one-time Social Security do-over clients should know Seniors have the option of undoing their Social Security application if they think that they have filed for their retirement benefits too soon, according to this article in CNBC. Retirees […]
Partner Pages 2020: Accounting for farming’s future
Welcome to Partner Pages: a magazine made up of stories from the Xero Partner community, for the Xero partner community and shared as part of Roadshow Australia each year. By Simon Groth, Director, Rawson Baker Advisors, New South Wales Having grown up on a cattle farm in regional New South Wales, accountant Simon Groth knows the trials […]
Cost Accounting Standards Board still working on conforming with GAAP – Accounting Today
The Cost Accounting Standards Board, a group set up by Congress in 1970 to make sure federal contractors charge their costs appropriately, is finally making some progress in aligning its 19 cost accounting standards with U.S. GAAP after Congress mandated in 2017 that it do so where practicable. A new report from the Government Accountability […]
FASB proposes changes to not-for-profits’ reporting of gifts-in-kind
FASB on Monday issued a Proposed Accounting Standards Update (ASU) designed to improve transparency in how not-for-profit organizations present and disclose contributed nonfinancial assets. Also known as gifts-in-kind, contributed nonfinancial assets include fixed assets such as land, buildings, and equipment; the use of fixed assets or utilities; materials and supplies, such as food, clothing, or […]