Around the world, we have fallen in love with our mobile devices. There are 10+ billion devices in circulation, we check them 58 times daily on average and 65% of Americans check their smartphones up to 160 times a day! We estimate that time spent unlocking using PINs and passwords equates to 41 minutes each week, or about 4 months of […]
Archives for May 2021
GWM Financial Planning rebrands as Skybound
GWM Financial Planning has changed its name to Skybound Wealth Management following its acquisition by Skybound Capital in April. GWM, which has offices in London and Sheffield, has provided advice to UK-based clients and international workers repatriating assets back to the UK since 1994. Skybound Wealth Management CEO Lyon Botha said: “After completing the successful rebrand […]
Biden signs executive order to strengthen U.S. cybersecurity defenses after Colonial Pipeline hack
U.S. President Joe Biden delivers remarks on the COVID-19 response and the ongoing vaccination program at the Eisenhower Executive Office Building on May 12, 2021 in Washington, DC. Drew Angerer | Getty Images WASHINGTON — President Joe Biden signed an executive order Wednesday aimed at strengthening U.S. cybersecurity defenses, a move that follows a series […]
CDC director defends widely criticized mask guidance: ‘We are following the science’
Centers for Disease Control and Prevention Director Dr. Rochelle Walensky defended the agency’s Covid-19 mask guidance policies amid widespread criticism from lawmakers and health officials. “These issues are complex, the science is evolving, the science is moving, and we are following the science each and every day and our guidance is evolving as the science […]
IBDs scramble after DoL nixes independent contractor rule
President Biden’s Department of Labor dealt the independent broker-dealer community a setback when it rescinded a Trump-era regulation regarding independent contractors, a favored business structure for registered reps. The original rule would have made it easier for businesses to deem workers as independent contractors. It was not sector-specific, instead relying on what the DoL calls […]
Companies need to be careful with accounting for crypto – Accounting Today
As businesses invest funds in cryptocurrencies and sell assets like nonfungible tokens, they should be aware of the accounting and tax issues surrounding them, or risk running afoul of regulators. With corporations like MicroStrategy and Tesla investing billions of dollars in cryptocurrencies, more companies are considering incorporating crypto into their business operations. The use of […]
Which wealthtech tools will endure after the pandemic is over?
With clients forced to adapt to a pandemic over the past year, wealth managers have learned lessons that will carry over into the return to normalcy. In a panel at Financial Planning’s INVEST conference moderated by editor-in-chief Chana Schoenberger, executives from wealth management firm Edward Jones, asset manager AllianceBernstein and fintech Kasisto described how shifting […]
Researchers Flag e-Voting Security Flaws
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Restaurant Revitalization Fund faces huge funding shortfall
Less than 10 days after its launch, the Restaurant Revitalization Fund (RRF) has less than half the money it needs to fund a flood of relief requests from one of the sectors of the economy hardest hit by the COVID-19 pandemic. The U.S. Small Business Administration (SBA), which administers the RRF, reported Wednesday that restaurants, […]
What Are the 2021 Tax Filing Extensions?
For over a year, COVID-19 generated significant, widespread implications for businesses and individuals, and the effects of the pandemic have seeped into taxes. Filing taxes is one of the most complex aspects of running a business, and abnormal deadlines can make filing on time even trickier. In the content below, we outline the 2021 tax […]