What’s on advisors’ bedside tables? We asked industry leaders and wealth management executives what books they would recommend about business, finance or economics. Some told us that they would suggest reading books on innovation or even life hacks, because they’re useful for practice management (and managing the rest of your life). Here are their suggestions.
Archives for May 2021
EV start-up Fisker will not accept or invest in bitcoin, CEO says
Electric vehicle start-up Fisker does not plan to invest in bitcoin or accept the cryptocurrency as payment, according to CEO and founder Henrik Fisker. Fisker said bitcoin is not “sustainable,” echoing environmental concerns raised last week by Tesla CEO Elon Musk due to concerns over the use of fossil fuels for bitcoin mining. “I just […]
A new road map for risk assessment, audit work
The AICPA Auditing Standards Board’s (ASB’s) plans to finalize a new risk assessment standard at its August meeting should be welcome news for many practitioners. Risk assessment is a fundamental process for every audit, but it’s been clear for years that some auditors could improve the way they consider risks when they approach an engagement. […]
Supreme Court: Microcaptive reporting challenge may go forward
A lawsuit against the IRS’s requirement that taxpayers using certain microcaptive insurance arrangements and their material advisers must report the arrangement to the IRS is not barred by the Anti-Injunction Act and therefore may proceed, the Supreme Court ruled Monday. In a unanimous decision, the Court in CIC Services, LLC, No. 19-930 (U.S. 5/17/21), reversed […]
Taxpayers deserve pandemic penalty relief, AICPA says
News Practice & Procedures By Alistair M. Nevius, J.D. With taxpayers continuing to face challenges related to the COVID-19 pandemic and the IRS facing a backlog of 29 million tax returns that need manual processing, the AICPA on Monday urged the IRS to implement “fair, reasonable, and practical” penalty relief measures to mitigate the pandemic’s […]
Taxpayers deserve pandemic penalty relief, AICPA says
News Practice & Procedures By Alistair M. Nevius, J.D. With taxpayers continuing to face challenges related to the COVID-19 pandemic and the IRS facing a backlog of 29 million tax returns that need manual processing, the AICPA on Monday urged the IRS to implement “fair, reasonable, and practical” penalty relief measures to mitigate the pandemic’s […]
What a Year It’s Been: RSA 2021 Embraces ‘Resilience’
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CISOs Struggle to Cope with Mounting Job Stress
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Utilising the IoT to transform tree monitoring, management
Since they came into force in 2016, the United Nations’ 2030 Agenda for Sustainable Development and the Paris Agreement have prompted many governments to rethink their “green” status, including how they approach global issues such as deforestation and controlling CO2 levels. The UN has gone so far as to map the Earth’s terrestrial habitat, helping businesses […]
Stimulating the housing market is psychotic
I’ve been saying this for a few weeks now, and maybe the Fed simply sees something that the rest of us don’t, but existing home prices jumping 20% in a year doesn’t quite scream S.O.S. to me. It doesn’t seem to require a relentless stream of billions of dollars in asset purchases. In my town, […]