U.S. House Impeachment manager David Cicilline (D-RI) speaks on the second day of former President Donald Trump’s second impeachment trial at the U.S. Capitol on February 10, 2021 in Washington, DC. congress.gov via Getty Images A group of House Democrats is circulating discussion drafts of antitrust bills that would force the biggest tech companies to […]
Archives for June 2021
Wealthy Florida grandma reignites multimillion-dollar battle against two former JPM brokers — her grandsons
So much for trying to make amends with family. A multimillion-dollar battle has flared up again between a wealthy Florida grandmother and her two grandsons whom she accused of mishandling her money while working at J.P. Morgan Securities, a new court filing shows. Beverley Schottenstein, 94, the heir to a retail empire that grew to […]
LemonEdge raises $2.5m to digitise accounting for PE industry – Finextra
LemonEdge, a London-based startup that helps firms in the private equity and financial services industries digitise complex accounting, has raised $3.5 million. The oversubscribed round was led by Sidekick Partners and joined by Tikhon Bernstam, founder of Parse and Scribd, and Lauren Iaslovits, founder of Investra. LemonEdge (formerly LemonTree Software) says that its low code […]
Wealth Enhancement Group to buy 4th billion-dollar RIA in 6-month span
In a deal that will push its tens of billions of dollars in client assets to more than triple the size of two years ago, a private equity-backed hybrid RIA is purchasing another massive practice. Hoover Financial Advisors agreed to fold into Wealth Enhancement Group under a transaction with an undisclosed price tag that’s expected […]
Wealth Enhancement Group to buy 4th billion-dollar RIA in 6-month span
In a deal that will push its tens of billions of dollars in client assets to more than triple the size of two years ago, a private equity-backed hybrid RIA is purchasing another massive practice. Hoover Financial Advisors agreed to fold into Wealth Enhancement Group under a transaction with an undisclosed price tag that’s expected […]
Armanino and Brown Smith Wallace to merge – Accounting Today
San Ramon, California-based Armanino LLP will merge with St. Louis-based Brown Smith Wallace effective Aug. 1, 2021, the firms announced Wednesday. The deal adds Brown Smith Wallace’s strong presence in the Midwest to Armanino’s home base in California, as well as its growing operations in the Pacific Northwest, Texas, and the Chicago area. “We think […]
AM News Brief: Temple Square Reopening, Drought Orders & Accounting For COVID Deaths In Indian Country – KUER 90.1
Wednesday morning, June 9, 2021 State Drought Conditions Could Lead To July 4 Fireworks Ban Gov. Spencer Cox issued another executive order Tuesday aimed at water conservation. It requires state facilities in northern Utah to water their lawns just twice a week. In southern Utah, it’s three times a week. Ninety percent of the state […]
When Does It Make Sense To Choose “Married Filing Separately” On My Taxes?
Some married couples choose to combine all their finances. Others prefer to keep some or all of their accounts separate. But most of the time, married couples file one joint tax return. You don’t have to do it that way, but it usually means you’ll pay less taxes — though not always. Married Filing Separately […]
When Does It Make Sense To Choose “Married Filing Separately” On My Taxes?
Some married couples choose to combine all their finances. Others prefer to keep some or all of their accounts separate. But most of the time, married couples file one joint tax return. You don’t have to do it that way, but it usually means you’ll pay less taxes — though not always. Married Filing Separately […]
Maximizing Split-Interest Charitable Deductions With New Pooled Income Funds Over CRTs
Executive Summary Split-interest gifting has long been a staple of charitable tax planning for affluent individuals, where assets are “split” between individual beneficiaries (e.g., the donor themselves or their family members) and charitable beneficiaries. At its core, the appeal of such split-interest vehicles – particularly the ‘charitable remainder’ type – is the opportunity to claim […]