The national taxpayer advocate recommended changes that range from one simple one the IRS can handle on its own to congressional action.
Archives for July 2023
Chase de Vere reports profit and turnover rise
National IFA firm Chase de Vere has reported positive financial results for the year ending December 2022 with turnover and profit up despite a challenging economic environment. The company’s pre-tax profit rose to £24.7m in 2022 (2021: £21.9m) with turnover up from £102.46m to £107.09m in 2022, according to annual accounts. Assets under influence fell […]
FCA probes platforms’ cash interest policies
The FCA has written to investment platforms and SIPP providers to ask them to disclose how much of the interest they receive from cash and bank deposits they pass on to their customers. The issue has come into focus in recent months as interest rates on cash deposits have risen sharply, with some banks offering […]
Advisors see hope for more stability in SEC’s money market rules
The new regulations are the latest attempt to ensure investors can’t flee the funds in a panic during economic downturns.
Kitces & Carl Ep 116: Getting Training As (Or For) An Associate Advisor To Talk More In Client Meetings
Establishing successful client relationships as a financial advisor relies on good communication skills not just to present information persuasively and with confidence, but also to establish client rapport that allows meaningful and engaging relationships to be built. For many who are new to the financial planning profession and who have no experience working with clients, […]
The Technology Lab Podcast – Outsourcing for Tax and Accounting … – CPAPracticeAdvisor.com
The Technology Lab Podcast – Outsourcing for Tax and Accounting … CPAPracticeAdvisor.com
2 in 3 Planners expect Consumer Duty boost
Close to two thirds (61%) of Financial Planners believe pension and retail investment products will see a boost from the FCA’s new Consumer Duty. SIPPs are also expected to see more interest, according to a new report from provider iPensions Group. Almost half (45%) of the 100 advisers surveyed expected the number of consumers taking […]
Business as usual for Xero Mid-Size Firm of the Year winners: Sempar Accountancy and Tax
Sempar Accountancy and Tax have been crowned the Xero Mid-size Firm of the Year at the 2023 Xero Awards for UK and Ireland. This award recognises their innovative practice and unwavering commitment to delivering exceptional client service. We take a look at what sets Sempar apart, and how the firm has helped their clients achieve […]
Merrill employee’s discovery of a decade’s worth of reporting failures led to $12M fine
A staff member in the firm’s fraud investigations group found reporting failures dating back to 2009.
Prop. regs. clarify tax treatment of certain health insurance payments
New proposed regulations clarify that accident or health insurance payments are not excludable from an employee’s income where the payments are made without regard to amount of medical expenses incurred by the employee under Sec. 213(d) and the premiums or contributions for coverage are paid on a pre-tax basis.