Executive Summary Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the news that the Biden administration will not be halting the new Department of Labor fiduciary rule, which controversially will begin to allow ERISA fiduciaries and those advising on IRA rollovers to receive commissions as long as they […]
Archives for February 2021
Editor’s Column: One man’s drive for redemption
Redemption is a powerful force and it is likely to be the driving force behind fallen fund manager Neil Woodford’s unexpected comeback plans revealed this week. He’s been widely castigated for planning a comeback but I understand where he is coming from. I’m not saying I agree with his plans but it’s worth looking at […]
Airlines’ latest challenge: Rising jet-fuel prices
A JetBlue Airways plane taxis next to American Airlines, Delta Air Lines and Alaska Airlines aircraft at Reagan National Airport (DCA) in Arlington, Virginia, on Monday, April 6, 2020. Andrew Harrer | Bloomberg | Getty Images The oil rally is taking jet-fuel along for the ride, posing another headache for airlines still struggling from depressed […]
Weak accounting standards enable Illinois budget deficits – Illinois Policy
While the private sector is held to a higher standard, rules from the Governmental Accounting Standards Board have enabled Illinois to engage in reckless financial practices that harm taxpayers and the state’s economy. Bad accounting has helped Illinois politicians avoid balancing the budget for 20 years, despite a constitutional requirement to pass a balanced budget […]
My New Crypto Investment (with Greg King of Osprey Funds), The money revolution is here (with Tyrone Ross)
This week, Tyrone Ross stops by to discuss his new project, Learn to Money, a crowdfunded video series that he hopes will revolutionize the way young people are taught about how the whole system works – from bank accounts to credit to building wealth. Check out more of Tyrone’s initiatives here. Then, Founder and CEO […]
$359M of GameStop shares failed to deliver, SEC data show
On Jan. 28, the day after GameStop mania hit its crescendo on the back of a short squeeze for the record books, about $359 million worth of shares were caught in limbo. More than 1 million shares were deemed failed-to-deliver that day due either to buyers lacking cash to complete purchases or sellers not having […]
IRS provides cafeteria plan relief for the pandemic
In response to the COVID-19 pandemic, Congress enacted temporary special rules for health flexible spending arrangements (FSAs) and dependent care assistance programs under Sec. 125 cafeteria plans. The new rules were put in place as part of the Consolidated Appropriations Act, 2021 (CCA), P.L. 116-260, enacted in December 2020. The IRS has now provided these […]
Accountants can save the planet while helping businesses flourish – Accounting Today
Few film directors would cast an accountant in the role of planetary savior. But accountants across the world must now take a pivotal role in tackling the climate emergency, while guiding businesses through an age of unprecedented change. This is because adaptation of zero-carbon business practices is now quite literally a do-or-die imperative for business […]
Accountants could save the planet while helping businesses flourish – Accounting Today
Few film directors would cast an accountant in the role of planetary savior. But accountants across the world must now take a pivotal role in tackling the climate emergency, while guiding businesses through an age of unprecedented change. This is because adaptation of zero-carbon business practices is now quite literally a do-or-die imperative for business […]
What Is a Chart of Accounts?
You know what they say, “For every minute spent organizing, an hour is earned.” And when it comes to accounting, taking time to get organized can save you a number of hours later … not to mention, money. That’s why you need your trusted organizational accounting tool, aka your chart of accounts (COA). What is […]