When you start a business, you’re typically your only employee and payroll is about as simple as it gets. But as you grow, you hopefully find yourself in the position of needing to take on more team members. Before you know it, what was once a very straightforward task becomes a giant undertaking that’s […]
Archives for June 2023
What is a Forensic Audit? Understanding How Forensic Audits Help Businesses
In an era of increasing corporate scandals, financial frauds, and complex business transactions, ensuring the integrity and transparency of financial records has become paramount for organizations worldwide. To combat these threats and safeguard their financial well-being, businesses are turning to a powerful tool known as forensic auditing. But what does the word “forensic audit” even […]
Flip ‘Plan Presentation’ Into ‘Plan Engagement’ Meetings To Generate More Focus And Reflective Questions From Clients
One of the key steps in the financial planning process is presenting the plan to the client, which has traditionally been done as part of a single ‘plan presentation’ meeting that takes place once the advisor has gathered and analyzed all of the client’s data. While this approach may have made sense in a time […]
FCA’s ‘Top 10 Key Questions’ to help meet Consumer Duty
The FCA has shared 10 questions for firms to consider ahead of its new Consumer Duty which comes into force on 31 July. The FCA’s new Consumer Duty will begin on 31 July and will require all regulated firms to ensure that customers are treated fairly at all stages of their ‘customer journey.’ The Duty […]
Transfer values slump to lowest level in 7 years
Rising gilt yields and falling inflation expectations have pushed the typical value of a DB pension transfer to its lowest level in seven years. XPS Pension Group’s Transfer Value Index fell nearly 7% in May – equivalent to £10,000 on a typical pension pot – to £159,000 compared to April (£169,000). May saw the lowest […]
#FA Success Ep 339: Resetting The Business For Its Next Stage Of Growth After Hitting The 10-Year Capacity Wall, With Eric Roberge
Welcome back to the 339th episode of the Financial Advisor Success Podcast! My guest on today’s podcast is Eric Roberge. Eric is the Founder and CEO of Beyond Your Hammock, an independent RIA based in Boston, Massachusetts, that oversees $47 million in assets under management for more than 80 client households. What’s unique about Eric, […]
Business Update – 28 June 2023
Welcome to our Monthly Digest – stay in the know with some recent news updates relevant to business and the economy. Small business skills and training boost Small businesses with an aggregated annual turnover of less than $50 million will be allowed an additional 20% tax deduction for external training courses delivered to employees by […]
Congratulations to the finalists of the Xero Singapore Awards 2023!
We launched the Xero Singapore Awards five years ago to recognise and celebrate the tremendous contribution our Xero partners make to the small business community and the accounting industry. Sharing our passion for small businesses, they work tirelessly to champion their clients, advocate for digital transformation to deliver greater value, and take on new challenges […]
Comparing Accounting Methods For Small Businesses
If you’re like most small business owners, you probably haven’t put much thought into accounting methods. You may or may not even be aware that you have options when deciding how to do your accounting and that your choices will impact how you produce your financial statements and file your taxes. What is an accounting […]
Learning Experiences Advisor Firm Owners Wished They Knew Before Merging Or Selling
One of the biggest challenges for small, independent RIA firms is that they are self-reliant with respect to designing, choosing, and implementing the systems, technology, and processes that they use. Some firm owners relish the responsibilities of building and maintaining a firm from the ground up, but others – who may be happier with simply […]