LAKE PLACID — Two firms of certified public accountants — the Hoffman Eells Group, with offices in Lake Placid and Malone, and the Plattsburgh-based Abbott, Frenyea & Russell — announced Friday that they merged their business operations starting Jan. 1. With offices in Plattsburgh, Lake Placid, Malone and Canton, the expanded business will serve Essex, […]
Archives for 2020
Why retiring at 65 could become a thing of the past
Welcome to Retirement Scan, our daily roundup of retirement news your clients may be talking about. Why retiring at 65 could become a thing of the pastAs much as 54% of Americans will either stop working after age 65 or never retire at all, according to a study in this CNBC article. Just 24% of […]
Cory Booker raises $6.6 million in the fourth quarter, well behind Andrew Yang and other 2020 Dems
Democratic presidential candidate Senator Cory Booker (D-NJ) responds to a question during a forum held by gun safety organizations the Giffords group and March For Our Lives in Las Vegas, Nevada, October 2, 2019. Steve Marcus | Reuters Sen. Cory Booker in the fourth quarter pulled in $6.6 million, a sum that pales in comparison […]
Weekend Reading for Financial Planners (Jan 4-5)
Executive Summary Enjoy the current installment of “weekend reading for financial planners” – this week’s edition kicks off with the industry news that the first anti-trust lawsuit has been filed to stop the Schwab-TD Ameritrade merger… and has already been dismissed in what most are simply calling a publicity stunt and not a serious challenge […]
10 Undervalued Benefits Of Outsourcing Your Bookkeeping
Outsourcing your small business bookkeeping has never been more accessible or more compelling than it is today.
Manufacturing weakness dents Germany’s labour market
BERLIN (Reuters) – German unemployment rose more than expected in December, according to figures released on Friday, adding to signs that weakness in the manufacturing sector is hurting the labor market in Europe’s biggest economy. Data from the Federal Labor Office showed the number of people out of work rose by 8,000 to 2.279 million […]
Smart home connectivity: 3 steps to overcome major obstacles
Connected appliances, or sometimes referred to as ‘white goods’, have quickly grown to become the fourth largest category of smart devices, and they’re expected to dominate the smart home market in just two short years. But with the rapid growth of the industry, says Steve Davidson, Steve Davidson, VP, Fortegra Warranty Group, the complexity of […]
Cannabis and related industries are the next big thing for accountants. – Accounting Today
While a number of accounting firms have dived into serving the cannabis industry, far more are sitting on the sidelines — and whether they’re waiting to see how the pioneers fare, or don’t want to get involved because marijuana remains illegal at the federal level, they’re missing out on a much bigger set of opportunities. […]
The State of the US Consumer
As I mentioned in my piece the other day, the consumer is now singlehandedly holding up the US economy, representing almost 80% of activity and growth. Strong consumer confidence is based upon the wealth effect from booming 401(k) balances, the steady rise in wages (especially at the lower end these past few months), the tight […]
Immediate action required to meet new AML legislation
At the end of last year, the Government introduced the Fifth EU Money Laundering Directive (5MLD), which will come into force on 10 January 2020. As part of the ‘The Money Laundering and Terrorist Financing (Amendment) Regulations 2019’, the new regulations update the UK’s Anti-money laundering (AML) administration and will integrate international standards set by […]