Imagine being Robinhood’s PR person right now? Today they managed to enrage AOC, Ted Cruz, Donald Trump, the Winkelvii, Dave Portnoy, Elizabeth Warren and Elon Musk. Holy shit. Delete all of your socials, gentlemen. They’re talking about this company like they invented COVID or something. Oh my god. Portnoy wants them in jail or dead. […]
Archives for January 2021
FASB simplifies revenue recognition for private company franchisors
Private company franchisors will be able simplify their revenue recognition accounting under a standard issued Thursday by FASB. The new Accounting Standards Update provides a practical expedient that simplifies how private company franchisors analyze certain activities when determining their performance obligations in a franchise agreement. When a business owner opens a new branch of a […]
Employee retention credit changes leave practitioners with questions
The IRS recently posted instructions on its website explaining how taxpayers who did not get their Paycheck Protection Program (PPP) loan forgiven can claim the employee retention credit (ERC) when they file their employment tax return. However, the guidance addresses only the situation in which the employer was denied PPP forgiveness; it does not address […]
ESG responsibilities increase for accountants in 2021 – Accounting Today
Environmental, social and governance (ESG) issues are steadily becoming the responsibility of accounting and finance professionals, according to the Association of International Certified Professional Accountants. In a release on Wednesday, the Association shared six ESG trends affecting accounting and finance professionals in 2021, with a main point being a shift in responsibility of ESG matters […]
Mimecast Confirms SolarWinds Hack as List of Security Vendor Victims Snowball
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Need an In-depth Understanding of Single Taxation vs. Double Taxation? Start Here
Taxes, taxes, taxes. As a business owner or aspiring entrepreneur, you probably dread hearing the word “taxes.” But the truth is, you’re going to hear it a lot when you’re in business. And depending on your type of business structure, you may have single taxation or double taxation. So … what’s the difference between single […]
Robo-adviser to close UK wealth business
EU-headquartered robo-adviser Scalable Capital is to close its UK business. The robo-adviser said it will no longer serve retail customers in the UK and will consolidate its wealth business into one platform in Germany. Scalable Capital entered the UK robo-advice market in 2017 with a financial advice service with a £200 fixed fee. Its service […]
Director of Accounting – Charlotte Agenda
Since 1983, Hill Partners has been reshaping communities by strategically weaving our centers and mixed-use projects into the fabric of the local market. We carefully craft marketplaces through strategic implementation of all creative, acquisition, developmental, merchandising/leasing, asset/property management, consumer marketing, and financial processes to ensure successful integration into the larger community, leading to long-term success […]
Kitces & Carl Ep 52: Are Advisor Websites Being Asked To Do Too Much To Grow The Business?
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Identity theft a risk to consumers as online purchases increase
Over the last year, the coronavirus pandemic has changed almost every aspect of American life, including shopping habits. In fact, 56% of Americans reported an uptick in their online shopping between mid-March and December of last year, according to a new survey from the AICPA. But Americans may not be doing all they can to […]