The FCA is to consult on stronger rules on special purpose acquisition companies (SPACs), an increasingly popular takeover vehicle. SPACS, popular in the US, are used pre-funded shell or ‘blank cheque’ takeover vehicles to acquire other firms. Greater use of SPACS could see them used to acquire Financial Planning and wealth management firms, currently at […]
Archives for April 2021
Tax hikes to ‘light a fire’ under red-hot market for RIA deals
The acquisition frenzy for independent advisory firms may be about to get even hotter. That’s the thinking of some industry dealmakers, who predict that President Biden’s proposal for tax increases on the wealthy will pour fuel onto the already-hot market of deals to acquire RIAs. For advisors who are nearing retirement, or who are younger, […]
Palantir CEO Alex Karp earned cash and stock worth $1.1 billion last year
Alex Karp, CEO of Palantir arrives ahead of a “Tech For Good” meetup at Hotel Marigny in Paris on May 15, 2019, held to discuss good conduct for technology giants. Bertrand Guay | AFP | Getty Images Palantir CEO Alex Karp earned compensation worth about $1.1 billion in 2020, primarily through equity awards granted shortly […]
Experian API Leaks Most Americans’ Credit Scores
The administrator of your personal data will be Threatpost, Inc., 500 Unicorn Park, Woburn, MA 01801. Detailed information on the processing of personal data can be found in the privacy policy. In addition, you will find them in the message confirming the subscription to the newsletter.
Tax Fraud Blotter: Thank you for your service – Accounting Today
Convoy con; now needs counsel; third time’s the charm; and other highlights of recent tax cases. Jacksonville, Florida: Gregorio Jose Fuentes-Zelaya of Orlando, Florida, and Dennis Alexander Barahona of Chelsea, Massachusetts, have pleaded guilty to conspiracy to commit wire fraud and conspiracy to commit tax fraud. The pair established shell companies that purported to be […]
Leading and managing amid disruptive demographics
The United States as we know it is changing: Roughly 10,000 Americans are turning age 65 daily; the southern states represent over half of the nation’s population growth; fertility rates are dropping, especially among white women; and people of color make up the fastest growing demographic group, states James H. Johnson Jr., a demographic expert […]
A new risk matrix for blockchain implementation
The AICPA & CIMA have partnered with ISACA to release a new joint publication that identifies risks organizations should consider when evaluating whether to implement blockchain technology. In a white paper titled Blockchain Risk: Considerations for Professionals, the ISACA-AICPA & CIMA Joint Blockchain Working Group documents, describes, and provides context around specific risk related to […]
The Math Behind the Accounting Equation
Accounting is an essential part of running a business. But, that does not mean you have to be an accountant to understand the basics. Part of the basics is looking at how you pay for your assets—financed with debt or paid for with capital. Use the accounting equation to see the difference. What is the […]
Days of Future Past
There are a lot of philosophies being created in the hearts of minds of people who either cannot remember a market environment before the present one or who have never experienced any other environment because they have only recently gotten started as investors. Recency Bias is the term used to explain this sort of thing. […]
Protecting Yourself Against Identity Theft
Lots of us have seen and reported fraudulent charges on credit cards. In those cases, cancelling and replacing the credit cards usually solves the problem. Identity theft is a different and more severe type of fraud because what has been stolen — your social security number, for example — can’t be changed or replaced. Identity theft […]