One way financial advisors can add value for retiring clients is to estimate how much they can spend sustainably during their retirement years without depleting their investment portfolio. Advisors in this position have several options to help them determine a client’s initial spending level, from ‘static’ approaches like the 4% Rule to more dynamic approaches […]
Archives for 2024
Number of DB transfers falls to lowest level in 6 years
Pension transfer activity fell to its lowest level in over six years in February, according to the latest data from pensions consultancy XPS. XPS’s Transfer Activity Index fell in February to an annualised rate of 15 in every 1,000 members transferring their benefits to alternative arrangements. This is the lowest level of activity seen since […]
March business news wrap!
What’s been cracking in the world of business throughout March? We nailed down the most pressing news for Aussie small businesses (that might actually affect you). We have the ATO chasing tax debts, the Fair Work Commission making decisions on the national minimum wage, and more steadying of interest rates and inflation. Let’s dive in. […]
Latest federal budget includes $20 billion rescission for IRS
The appropriations act enacted over the weekend that kept the federal government from shutting down included $12.3 billion for the IRS, but also codified an agreed-upon $20 billion cut in money allocated by the Inflation Reduction Act.
Ask an advisor: Our baby is coming with a windfall. How should we invest?
A mother-to-be in Maine is expecting not only a baby but a generous gift from her father-in-law. How should she make the most of it?
Navigating the Employee Retention Credit: Avoiding Common Pitfalls
In the wake of the COVID-19 pandemic, the Employee Retention Credit (ERC) emerged as a lifeline for many businesses, offering financial support to retain employees during challenging times. However, as the IRS deadline approaches, small businesses must tread carefully and ensure their ERC claims are accurate and compliant. Here, we’ll explore common pitfalls and guide […]
Cherry Bekaert Ranked First on Fastest Growing Accounting Firms by Accounting Today – PR Newswire
Cherry Bekaert Ranked First on Fastest Growing Accounting Firms by Accounting Today PR Newswire
#FA Success Ep 378: Scaling Growth At 1/4th The Cost Of M&A By Wading Through The “No’s” Of SmartAsset Leads, With Michael Collins
Welcome back to the 378th episode of the Financial Advisor Success Podcast! My guest on today’s podcast is Michael Collins. Michael is the CEO & Founder of WinCap Financial, an RIA based in Boston, Massachusetts, that oversees $80M in assets under management for 70 client households. What’s unique about Michael, though, is that since 2021 […]
AI in Accounting: What’s Coming for Small Businesses
We know artificial intelligence is making strides in many industries, from content creation to software development. But what is the status of AI in accounting and bookkeeping? Well, it turns out it’s not much further removed from where AI leads many other arenas. Yet, with profits at stake, many small business owners want to know […]
You Might Spend Unnecessary Money If You Don’t Stay on Top of Your Expenses. Here’s How to Manage Them.
Nothing makes paying taxes even more onerous — or gets in the way of a firm understanding of how a business is performing — than ineffective expense management. Use these five expense management tips to not merely survive as a business, but thrive.