For months, the looming recession has been on everyone’s mind. In October 2022, 91% of CEOs said one would occur within the year. And in December 2022, Forbes found that large tech companies, banks, and manufacturers had laid off nearly 125,000 employees to prepare. With the March 2023 Silicon Valley Bank collapse, concerns of a […]
Archives for May 2023
Business Update – 10 May 2023
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Australia to deliver first budget surplus in 15 years Australia is set to deliver its first budget surplus in 15 years, with a small surplus of around A$4 billion for the fiscal year […]
#FA Success Ep 332: Transitioning From (A Father’s) Commissions-Based Practice To Fee-Based Planning As A G2 Advisor, With Liz Hand
Welcome back to the 332nd episode of the Financial Advisor Success Podcast! My guest on today’s podcast is Liz Hand. Liz is the co-owner of Pleasant Wealth, a hybrid advisory firm based in Canton, Ohio that oversees $146 million in assets under management for 522 client households. What’s unique about Liz, though, is how she […]
Succession buys £170m AUM Edinburgh firm
Wealth manager and Financial Planner Succession Wealth – recently bought by Aviva for £385m – has acquired £170m AUA Edinburgh-based IFA Spence & Spence for an undisclosed sum. The deal is subject to regulatory approval. Spence & Spence was founded in 1994 and provides holistic financial advice to clients on pensions and retirement planning, investments, […]
Sonia Connon, owner of Office Assistants, chats to us about the challenges her bookkeeping clients are facing
We recently sat down with Sonia Connon, a New Zealand-based bookkeeping business owner and Reckon advisor to chat about her experience in starting up her business ‘Office Assistants’, some common concerns her clients are facing, and what she’s learned along the way. Hi Sonia, could you tell us a little about what you get up […]
Oppenheimer to pay $14 million award in latest Ponzi fallout
Why You Need to Reimburse Your Employee Expenses Sooner Than Later
Slow-paying employee reimbursements can lead to resentment, fraud and lost opportunities. Take these simple steps to pay employees quickly and keep your business on track.
What Is a Chart of Accounts, And Why Does it Matter?
Running a business is no easy feat. You must juggle the demands of your customers along with keeping your records in check. Although most business owners don’t enjoy diving into spreadsheets and number crunching, keeping track of all the money that goes in and out is imperative, as it provides valuable insights into the business’s […]
Black CPAs: IRS must end higher audit rates for Black taxpayers
Black CPAs react to study led by Stanford University showing the IRS is up to 4.7 times more likely to audit Black taxpayers than non-Black ones, saying the tax system must be fairer.
Offering Tax Preparation As A Solo Advisor: How To Attain Designations And Create A Schedule By Next Tax Season
Traditionally, financial advice and tax preparation have existed as 2 related, but separate, services. Besides the fact that many financial advisors don’t hold the necessary credentials (e.g., CPA, EA, or JD) to prepare tax returns and represent clients before the IRS, there has also been the impression that there is simply not enough time for […]