New York Times, 2021: Some QAnon believers tried to rejigger their theories to accommodate a transfer of power to Mr. Biden. Several large QAnon groups discussed on Wednesday the possibility that they had been wrong about Mr. Biden, and that the incoming president was actually part of Mr. Trump’s effort to take down the global […]
Archives for January 2021
Nucleus launches new model portfolio service
Nucleus has launched its new model portfolio service, Nucleus IMX, after it was soft launched in 2020. The AIM-listed adviser platform, currently subject to a takeover battle, claims the new MPS provides advisers and their clients access to managed portfolios at institutional cost. It offers a range of 11 ‘spend’ portfolios, focused on providing income, […]
White House reveals which global leader will be first to hold a call with President Biden
White House press secretary Jen Psaki on Wednesday told reporters that President Joe Biden’s first world leader call would be to Canada’s Prime Minister Justin Trudeau. “His first call, foreign leader call will be on Friday with Prime Minister Trudeau,” she said during her first press briefing at the White House after Biden’s inauguration. “I […]
Actively managed funds with the biggest gains of 2020
An analysis of active funds with the best returns of 2020 show why low fees are not always an indicator of outperformance. The top 20 performers with a human manager at the helm, and with at least $100 million in assets under management, generated an average gain of more than 107%, Morningstar Direct data show. […]
Partner capital account reporting gets transition penalty relief
The IRS provided transition penalty relief Tuesday to partnerships in complying with new rules for reporting partners’ capital account balances. The relief in Notice 2021-13 follows up on Notice 2020-43, issued in June 2020, in which the IRS sought public comments to help inform its development of the rules. Then, in October, the IRS issued […]
Budgeting advice for accountants for 2021 – Accounting Today
Given the turbulence of the past year, agility should be at the forefront of our minds when building a budget and strategy for 2021. Business owners need to be prepared to navigate the continued uncertainty. The ability to pivot in an unpredictable business environment will be essential this year, and with revenue assumptions changed across […]
Budgeting advice for accountants for 2021 – Accounting Today
Given the turbulence of the past year, agility should be at the forefront of our minds when building a budget and strategy for 2021. Business owners need to be prepared to navigate the continued uncertainty. The ability to pivot in an unpredictable business environment will be essential this year, and with revenue assumptions changed across […]
The Dow Jones under Donald Trump
Ryan Detrick (LPL) has some data on inauguration to inauguration returns for each modern President. The outgoing guy’s numbers were pretty good. He should get some credit (tax cuts fueled increased buybacks + dividends), but not as much as the Fed and Treasury’s response to COVID-19. There are always too many variables to credit or […]
IRS explains extended payroll tax due dates
The IRS has issued guidance (Notice 2021-11) to address how employers who elected to defer certain employees’ payroll taxes can withhold and pay the deferred taxes throughout 2021 instead of just the first four months of the year. Notice 2020-65 gave employers the option to defer certain employees’ Social Security taxes from Sept. 1, 2020, […]
The future of healthcare: Part 1 How IoT’s magic is reshaping our lives
Since the dawn of time, people have believed in magic. Myths and legends have been told about lamps with genies, talking mirrors, flying carpets, and other magical objects able to give their owners extraordinary powers. In the human imagination, a simple, mundane thing could be given supernatural features and turned into a multi-purpose tool with […]