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 […]
Archives for June 2021
Donor-advised funds aren’t just for affluent investors
In a sign of resiliency and an example of a nation coming together in the wake of COVID-19, many Americans have amplified their usual donations to charities — and in some cases have made their first charitable contribution. Further good news is that the market for charitable contributions has been able to accommodate the growth, […]
What CPAs must do at the first financial planning meeting
More than most accounting professionals, CPA financial planners delve into the intimate details of their clients’ lives. In fact, for a financial planning engagement to be successful, clients must allow themselves to be vulnerable — sharing their personal and financial habits, certainly, but also their hopes, dreams, and goals. The initial planning meeting is therefore […]
What CPAs must do at the first financial planning meeting
More than most accounting professionals, CPA financial planners delve into the intimate details of their clients’ lives. In fact, for a financial planning engagement to be successful, clients must allow themselves to be vulnerable — sharing their personal and financial habits, certainly, but also their hopes, dreams, and goals. The initial planning meeting is therefore […]
Treasury yields ebb lower as investor focus turns to inflation data
U.S. Treasury yields ebbed lower early on Wednesday, despite an anticipated rise in inflation, with data due out tomorrow morning. The yield on the benchmark 10-year Treasury note fell to 1.513% at 4 a.m. ET. The yield on the 30-year Treasury bond dipped to 2.194%. Yields move inversely to prices. The consumer price index for […]
CISI Fellow to take MD role at CBAM Mayfair office
Financial Planner and wealth manager Close Brothers Asset Management (CBAM) has hired Rob Crawshaw FCSI as managing director of its £1.4bn AUM Mayfair office as it aims to expand its growing HNW offering. Mr Crawshaw will move from Rathbones to join CBAM in the autumn. He joined Rathbones in 2013 and manages a range of […]
Pennylane raises $18.3 million for its accounting service – TechCrunch
French startup Pennylane has raised a new $18.3 million funding round (€15 million). Interestingly, this is Sequoia Capital’s first investment in France after they announced ambitious expansion plans in Europe. If you’re not familiar with Pennylane, the startup has been developing an accounting platform that improves accounting for both clients and their accountants. Focused on […]
Oregon audit finds $6.4 billion in state accounting errors – Blue Mountain Eagle
(The Center Square) – Oregon’s books show the state incorrectly counted billions of federal dollars in 2020, according to an audit from the Secretary of State. The news comes from a report released on Wednesday by the Secretary of State, which found $6.4 billion in accounting errors over the past year from 14 federal programs. None of […]
Tax-News.com: US IRS Flags Deadline For Q2 Estimated Tax Payments
The US Internal Revenue Service has issued a reminder to taxpayers who pay estimated taxes that they have until June 15 to pay their estimated tax payment for the second quarter of tax year 2021 without incurring a penalty.
It’s Not a Housing Bubble, It’s a Supply Bust
[embedded content] 5:30pm ET LIVE premiere today – Subscribe for the alert! Join Downtown Josh Brown and Michael Batnick for another round of What Are Your Thoughts? On this week’s episode, Josh and Michael discuss the biggest topics in investing and finance, including: ►Ackman Bought What? – We now know what Pershing Square’s SPAC is […]