Coming across unapplied cash payment income and expenses in the Profit and Loss report during a QuickBooks Online cleanup can leave you stumped. What are these accounts for and where did they come from? How do you clean up these accounts to get rid of the balances? Keep reading, and I’ll answer these questions and […]
Archives for June 2021
$1 billion Wells Fargo advisor team leaves for RBC’s overseas expertise
RBC Wealth Management added a five-person advisor team from Wells Fargo with $1 billion in client assets. In a statement, Joseph Seidler, a managing director of the Seidler Cattich Group, says RBC meets their needs for clients who live or own property overseas. “As part of RBC, one of the largest financial services companies in […]
Tax consequences of nonfungible tokens (NFTs)
A new enterprise that has captured widespread attention is the production and use of nonfungible tokens, or NFTs. Like individual snowflakes, each NFT is unique; unlike snowflakes, each lasts indefinitely, can be transferred, and might be valued at millions of dollars. They have been employed to digitize an increasing range of intellectual property such as […]
Accountants work on supporting international vaccine and health effort – Accounting Today
The International Federation of Accountants signed an agreement with the Vaccine Alliance (known as Gavi) and the Global Fund to Fight AIDS, Tuberculosis and Malaria to improve accounting practices in the public health sector. IFAC will work with Gavi and the Global Fund to contribute to, and support, the implementation of robust accounting practices in […]
FASB asks for feedback on future standards agenda – Accounting Today
The Financial Accounting Standards Board is looking for suggestions on what its future standard-setting agenda should look like. FASB issued an invitation to comment Thursday asking its constituents to offer feedback on its future agenda. FASB is asking stakeholders to review and provide comments on the document by Sept. 22. The request comes at a […]
FASB asks for feedback on standard-setting agenda
FASB published an Invitation to Comment (ITC) seeking stakeholder feedback on what the board’s future standard-setting priorities should be. The ITC summarizes stakeholder input received during the initial agenda consultation outreach, which generally fell within the following types of projects: Requiring greater disaggregation of financial reporting information to provide investors with better, more useful information […]
Cultivate good online shopping habits
More than 40% of Americans say online shopping has made it more difficult to stick to their monthly budget. That’s according to a new survey from the AICPA, which shows Americans made a lot of online purchases in 2020. In fact, more than half of Americans (56%) saw their online spending increase between April and […]
Webgility and Botkeeper Offer Ecommerce Guide for Future-Ready Accounting Pros – KPVI News 6
SCOTTSDALE, Ariz., June 24, 2021 /PRNewswire/ — Here’s the hard truth: Today’s ecommerce businesses don’t need accounting pros to crunch the numbers; they’ve got automation for that. They want accountants that understand the technological landscape, and can help them translate data into a forward-looking profitability plan. That’s why Webgility and Botkeeper have launched exclusive content dedicated […]
Best Focused Equity Funds for Investment 2021
Focused mutual funds are also known as concentrated mutual funds. This fund holds limited number of quality stocks. As focused funds invests in limited number of stocks that’s why focused fund does not offer benefit of diversification. Focused equity funds are suitable for long term aggressive investors. If you are planning to invest in focused […]
Call for nominations: Financial Planning’s 2021 Rising Stars
We are pleased to announce the launch of the first-everFinancial Planning Rising Stars award recognizing fee-only planners with no more than five years of experience in the industry. The award is intended to identify and celebrate young RIA professionals and career changers who are advancing the industry through their accomplishments, contributions and service to the […]