Executive Summary In December 2019, the Setting Every Community Up For Retirement Enhancement (SECURE) Act was passed into law, bringing with it substantial changes to the laws governing retirement accounts. Of the changes, perhaps the most discussed were the revisions to the post-death distribution rules, which eliminated the ‘stretch’ provision for most non-spouse designated beneficiaries […]
Archives for July 2021
FCA launches diversity consultation
The Financial Conduct Authority (FCA) has launched a consultation on proposals to improve transparency on the diversity of company boards and their executive management teams. In the consultation launched this morning, the FCA has proposed changes to its listing rules to require listed companies to publish an annual ‘comply or explain’ statement on whether they […]
COBRA premium assistance credit clarified further
In 11 questions and answers, the IRS on Monday gave additional guidance to employers, health insurers, and plan administrators on how to provide laid-off employees temporary assistance paying for COBRA continuation coverage and claim a corresponding tax credit (Notice 2021-46). In May, the Service issued Notice 2021-31, containing a set of 86 questions and answers […]
Why is China Crashing its Own Stock Market?
[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: ►Unforced Error – Why is China crashing its own stock market? ►Securities-Based […]
Shuttered Venue Operator Grant awards top $7.5 billion, SBA says
The U.S. Small Business Administration (SBA) has awarded more than $7.5 billion in Shuttered Venue Operator Grants (SVOGs) to about 10,000 live entertainment venues, small businesses, and not-for-profits, the agency announced Tuesday. The $16.25 billion SVOG program provides eligible applicants with grants equal to 45% of their gross earned revenue, up to a maximum of […]
Zimbra Server Bugs Could Lead to Email Plundering
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Why CPA firms need to know about restricted top-level web domains
New top-level web domains, such as .cpa, are growing in popularity with progressive organizations. Some of the more well-known ones are .ai, .io, and .xyz. If your firm is looking to modernize its digital front door, here’s what you need to know about these new top-level web domains (TLDs) and why you may want to consider using […]
Top U.S. doctors say kids need masks and social distancing in schools this fall
Schoolchildren swab and test themselves for COVID-19 to prevent the spread of the coronavirus disease (COVID-19) in the classroom at South Boston Catholic Academy in Boston, Massachusetts, January 28, 2021. Allison Dinner | Reuters Students should wear masks and practice social distancing at school to ensure safe in-person learning this fall, top U.S. doctors said […]
The stuff they don’t teach you in books
Once upon a time, when I knew nothing, I called myself a financial advisor. It’s true, I was giving financial advice. But when I look back to the caliber and quality of that advice from back then to now, it’s astonishing how much I didn’t know. I was raised in this business to believe that […]
Digital Payments Are a Staple in Friendships, but What About Business?
Thanks to digital payments, gone are the days where you need to carry cash with you everywhere you go. And, you don’t even have to bring your physical credit or debit cards, either. Chances are, some of your customers have swapped their cash and cards in favor of making contactless payments, too… …Which is why […]