It was 2011. I sat in Madison Square Garden, one of 20,000 fans watching Prince perform what would be one of his last major concerts. At the time, I worked out of a small office managing a portfolio of around 20 clients. My reach was very limited, my phone never rang unless it was a […]
Archives for May 2021
Accounting profession continues to zero in on DEI issues – Journal of Accountancy
Leaders of the accounting profession have demonstrated a heightened commitment to diversity, equity, and inclusion (DEI) as this issue has grown exponentially in prominence over the past year. George Floyd’s death one year ago and other incidents of racism brought about social unrest that deeply affected people everywhere. Although diversity and inclusion has been on […]
Accounting profession continues to zero in on DEI issues
Leaders of the accounting profession have demonstrated a heightened commitment to diversity, equity, and inclusion (DEI) as this issue has grown exponentially in prominence over the past year. George Floyd’s death one year ago and other incidents of racism brought about social unrest that deeply affected people everywhere. Although diversity and inclusion has been on […]
Sorting out tax exempts’ UBTI painlessly
Two digits are mostly better than six In comments to the IRS on the proposed regulations, the AICPA called for much broader two-digit codes to eliminate the complexity posed by using six, and opposed mandating the codes’ use. The new silo requirement originally “created a lot of confusion and left people guessing,” Heller said, adding […]
Wealth manager launches daily-monitored investment service
Thames Valley-based wealth manager and IFA Woodward Financials has launched an ‘enhanced advisory service’ for clients which offers daily risk monitoring of portfolios. The firm says its new ‘Enhanced Active Management Service’ is based on an algorithm which has taken the company five years to develop. The service identifies “trading opportunities” in key global markets […]
Announcing The New Kitces CFP Certification Scholarship List
Executive Summary As huge swaths of the financial planning industry have shifted from focusing on commission-based sales to providing client-centric comprehensive planning as true financial ‘advicers’, proving one’s chops to break into the financial planning industry has only become more difficult. CFP certification, which was once considered the industry ‘gold standard’, is increasingly becoming a […]
These uniquely Texan canned craft cocktails boomed after launching during the pandemic
Brian and Quentin at Ranch Rider Spirits. Source: Ranch Rider Spirits Ranch Rider Spirits’ cocktail line is about as Texan as you can get. Built and bred in the vibrant heart of Austin, Texas, the canned cocktails are the tradecraft of co-founders Quentin Cantu and Brian Murphy. Ranch Rider Spirits offers four distinctly Texan craft […]
UNT accounting students take first place in regional competition – Denton Record Chronicle
Five University of North Texas students jointly won a regional IT competition, earning themselves a large trophy and $6,000. The team consisted of Fariha Ahmed, Mackenzie Compton, Lauren Eaton, Arthur Hatch and Dalicia Savoie. All five are UNT accounting students. Teams across the North Texas region competed in the 2021 Information Systems Audit and Control Association, in which […]
Reclassifying Employees, Post-Pandemic: A Cautionary Tale
As we draw closer to a post-COVID crisis work world, businesses need to determine how or if employees who have been working from home will return to the office. A related issue is worker classification. There can be confusion about reclassification, and I caution all small businesses to pump the brakes before they move forward […]
Making racial justice investing count for your clients
As we approach the anniversary of George Floyd’s death, investor interest in racial justice investing initiatives is surging. It makes sense, then, that racial justice investing — a form of socially responsible investing aimed at promoting racial justice, inclusion and diversity — is a growing asset class, one that RIAs and family offices will continue […]