Nobody wants their business to fail. Although it’s impossible to predict the future with 100% accuracy, a cash flow forecast is a tool that will help you prepare for different possible scenarios in the future. In a nutshell, cash flow forecasting involves estimating how much cash will be coming in and out of your […]
Archives for 2023
Income Lab launches advisor tool to test clients’ retirement confidence: Wealthtech Weekly
FCA secures £130k payout to UCIS investors
The FCA has secured two orders to return over £130,000 to investors in two unauthorised collective investment schemes. The orders relate to a UCIS operated by Synergy Land Group Limited and a separate CFD operation through 24HR Trading Academy Ltd. Investors in the UCIS established and operated by Synergy Land Group Limited between the end […]
Kitces & Carl Ep 112: When You No Longer Want To Be A Manager And Have To Let An Associate Advisor Go
As a solo advisory firm owner grows their practice, they may reach capacity constraints that prompt them to hire an additional employee. While this can be a logical step in scaling their firm, some advisory firm owners may not anticipate the managerial challenges that come with hiring additional staff. And even though some firm owners […]
Your comprehensive guide to preparing for the retirement of old reports
There’s now a little over two months to go before old reports in Xero are retired. Over the past year, we’ve been encouraging you to make the switch, with lots of education, support and advice from other small business owners and their advisors. If you’ve waited until now to start using new reports, you’ll have […]
Return on assets: how to calculate total profitability
Yauhen Zaremba, Director of Demand Generation tell us, “Put simply, a higher ROI indicates you are productively managing your balance sheet and generating profit. A higher ROI also indicates that your business requires minimal investment for maximum profit. However, it’s important to keep in mind that it shouldn’t be the only metric you measure for […]
How Betterment For Advisors wants to better serve small firms while keeping its ‘flavor’
Xero’s FY 2023 financial results
Today we announced Xero’s full year financial and operating results to 31 March 2023 (FY23). Having started my journey as Xero’s CEO in February this year, I’m pleased to share our strong FY23 operating results, and I’m deeply excited about our opportunity to help power the global small business economy. Our results demonstrate Xero’s resilience […]
LCF CEO gets 10 month suspended prison sentence
The Serious Fraud Office has secured a suspended 10 month prison sentence against Michael Thomson, the former CEO of failed mini-bond provider London Capital & Finance (LCF). The sentence, suspended for two years, was imposed at Southwark Crown Court today because Mr Thomson was found to have breached a restraint order on use of his […]
Investing For Nonimmigrant Visa Holders: Understanding Visa Types, Investment Challenges, And Tax Implications
Amid a tight job market and low unemployment rates, a significant amount of the U.S. ‘talent gap’ is filled by foreign-born workers on employment visas like the H-1B. These visas allow foreign workers to live and work in the country temporarily while they are employed – although in practice, this can mean that individuals can […]