Rockefeller Capital Management poaches a team from Merrill Lynch, 32-year veteran John Hollyer retires from Vanguard, and Orion Advisor Solutions hires a handful of asset-management executives, among other industry news this week. Here’s what happened in financial advice.
Archives for April 2021
IPSASB proposes changes in public sector accounting – Accounting Today
The International Public Sector Accounting Standards Board released four proposals Thursday for improving various aspects of government accounting around the world. The exposure draft documents deal with changes in the measurement of assets and liabilities in financial statements; measurement; property, plant and equipment; and non-current assets held for sale and discontinued operations. The IPSASB, which […]
Expenses paid with 2020 PPP loans can be deducted on 2021 tax returns
The IRS announced a safe harbor for certain businesses that received first-round Paycheck Protection Program (PPP) loans but did not deduct any of the original eligible expenses because they relied on guidance issued before the enactment of the Consolidated Appropriations Act, 2021 (CAA), P.L. 116-260, in December 2020. In Notice 2020-32 and Rev. Rul. 2020-27 […]
Using a cleanup checklist for successful QBO cleanups
QuickBooks cleanup projects can easily become overwhelming and time-consuming, especially if you’re not sure where to start. That’s why I always recommend using a cleanup checklist for successful QBO cleanups. It will help you stay on track, make sure nothing is missed, and give you confidence in the end result. Watch the video below or […]
Dogecoin & the Deli
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Technology’s growing impact on accounting – Accounting Today
Technology and accounting are two of my favorite things. Both have changed dramatically in recent years, but nothing has changed the profession quite like the cloud, automation and all its related technologies. We do have COVID-19 to partially thank for the rapid industry-wide adoption of cloud technology, but there’s so much more to it than […]
GrowthForce™ Launches Guide To Outsourcing For Bookkeeping and Accounting – El Paso Inc.
KINGWOOD, Texas, April 22, 2021 /PRNewswire/ — Today, GrowthForce™ — a leading accounting advisory services provider of advanced bookkeeping, management accounting, controller and CFO support services — announced the launch of its “Guide to Outsourcing Your Back Office: Bookkeeping and Accounting.” The guide offers advice for business leaders about how to run their business smarter […]
Your Crash Course on the Different Types of 1099 Forms
You’re probably familiar with Forms 1099-MISC and 1099-NEC. But, how much do you know about the other types of 1099 forms? When it comes to the different types of 1099 forms, there isn’t a short supply. How many types of 1099 forms are there, you ask? With over 15 types, keeping track of what you […]
North American chip firm Alphawave opts for London over New York in upcoming IPO
Semiconductor stocks are among Barclays inflation hedge picks. Sefa Ozel | E+ | Getty Images LONDON – Canadian chip firm Alphawave is set to list on the London Stock Exchange, shunning New York’s tech-focused Nasdaq stock market in the process. The four-year-old company, which makes chip technology that can help data flow through networks faster, […]
Kitces & Carl Ep 58: Getting Mentally Unstuck From Thinking About Clients “Too Much”
Executive Summary Over the past couple of decades, the financial advice industry has evolved from being based primarily on one-off transactions with dozens or often one or several hundred individuals that an advisor may interact with (often only once every few years), to being focused on providing ongoing advice for a tighter group of clients […]