When you start a business, you have to determine whether you are going to call the shots by yourself or have a co-owner. If you’re not too keen on the idea of running a business solo, you may consider starting a partnership. Find out how to form a partnership to get the ball rolling on […]
Archives for 2020
Losing money is the coolest!
The newest episode of my podcast just went live! Josh talks to Ben Carlson about how it is that over 400 companies in the Russell 3000 have lost money this year but posted an average stock market return of +57%. Over 100 companies that lost money in 2020 have actually seen their share price double! […]
Report supports established interstate mobility principles
The Alliance for Responsible Professional Licensing (ARPL) recently released “Licensed to Move: Pathways, Principles, and Pitfalls for Interstate Practice,” a report that examines successful mobility and reciprocity practices in state licensure that allow professionals to practice across state lines. As the coronavirus pandemic continues to create the need for mobility among medical professionals, there has […]
Editor’s Column: Retirement ignorance is far from bliss
A couple of surveys we reported on this week reminded me about the epic scale of pension ignorance among the great British public. Just to be clear, I do not blame pension savers for this ignorance. They have some responsibility for failing to consider their retirement properly but most of the blame must fall […]
Brewin and Barclays Wealth execs join CISI board
The CISI has appointed four new board members including executives from Brewin Dolphin, Barclays Wealth and Rathbone. Three of the four were elected by members and one is a new independent non-executive director. The new independent non-executive director is Jane Valls who has a distinguished background in corporate governance, women’s empowerment and social justice. The […]
FinCEN pulls announcement of extended FBAR deadline
News Foreign Income & Taxpayers By Sally P. Schreiber, J.D. Updated: In a notice posted to its website on Wednesday, Treasury’s Financial Crimes Enforcement Network (FinCEN) announced that this year’s deadline to e-file FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR), on the Bank Secrecy Act (BSA) E-Filing System had been extended from […]
FASB clarifies callable debt securities accounting – Journal of Accountancy
FASB issued rules amendments Thursday to clarify an entity’s accounting responsibilities related to callable debt securities. Accounting Standards Update (ASU) No. 2020-08, Codification Improvements to Subtopic 310-20, Receivables — Nonrefundable Fees and Other Costs, states that an entity should reevaluate whether a callable debt security is within the scope of Paragraph 310-20-35-33 for each reporting […]
Recapitalization? SPACs? Cetera’s PE backer shares long-term plans
Cetera Financial Group’s private equity backer is promising the firm’s 8,000 advisors that Genstar Capital is in it for the long haul as an investor. Cetera is “a flywheel; It just keeps getting better and better,” Tony Salewski, a Genstar managing partner and Cetera board member, said at a virtual event for advisors this week. […]
GM’s Cruise plans to test autonomous vehicles without drivers this year in San Francisco
Cruise Automation COO Dan Kan (l to r), Cruise Automation CEO Kyle Vogt and General Motors President Dan Ammann Tuesday, November, 20, 2018 at Cruise Automation offices in San Francisco, California. Source: Noah Berger | General Motors Cruise, a majority-owned subsidiary of General Motors, plans to begin testing unmanned autonomous vehicles by the end of […]
Common Bookkeeping Mistakes
There is never enough time in the day to accomplish everything you want to. Therefore, why would you spend 70 hours a week doing something that is not growing your business? Not everyone can do the job effectively if they take on too large of a load. It is crucial that you avoid common bookkeeping […]