Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the news that recent surveys indicate that consumers continue to trust human financial advisors more than Artificial Intelligence (AI)-powered tools. Nonetheless, respondents (particularly those in younger generations) do not see this as an either-or choice, but rather anticipate […]
Editor’s Comment: Time for a ‘new blood’ transfusion
This week we covered a story which had me puzzled and slightly concerned. It revealed the woeful level of interest among job switchers in a career in financial advice or Paraplanning. Surprisingly, financial advice comes off even worse than Paraplanning, which I would guess was less well known as a career choice. According to a […]
Expert warns: IRS has what it needs to pursue more audits
A speaker at AICPA & CIMA ENGAGE tells attendees that the IRS is paying higher salaries to attract midcareer workers as the agency increases audits.
Quad-A eyes ‘different direction’ with leadership change
In their first interview about the shakeup atop the influential organization for Black financial advisors, its interim leaders emphasized continuity amid the shift from Christian Nwasike.
U.S. regulators to open antitrust probes into Nvidia, Microsoft and OpenAI
Federal regulators will proceed with antitrust investigations focusing on Microsoft, OpenAI and Nvidia, according to a source familiar with the situation.
2 in 3 over-40s ‘in the dark’ about Triple Lock
Two in three adults aged 40 and over are in the dark about what the Triple Lock provides, according to a new survey. The survey found widespread ignorance about the Triple Lock which guarantees minimum rises in the State Pension. One in four adults over 40 (25%) said they did not know what the Triple […]
The Basics of Revenue in Small Business
Revenue is a vital part of your business. Your business needs revenue to survive. So, you must understand revenue. Below you will learn what revenue is, why revenue is important, how to calculate it, and how to increase it. What is revenue in business? Revenue is the money your business receives during a certain accounting […]
What Is Adjusted Gross Income? How to Calculate AGI [With an Example]
![What Is Adjusted Gross Income? How to Calculate AGI [With an Example]](https://outsourcebookkeepingindia.com/wp-content/uploads/2024/06/what-is-adjusted-gross-income-how-to-calculate-agi-with-an-example.jpg)
As a small business owner, you have likely heard of the terms gross or net income. But, are you familiar with adjusted gross income? Learn what is adjusted gross income, how to calculate it, and uses for adjusted gross income below. What does adjusted gross income mean? Adjusted gross income, or AGI, is a person’s […]
Can a new breed of ETFs shield investors from global chaos?
A set of carefully curated ETFs promise a way out of geopolitical risks, but their logic remains untested.
Hiring Your First Employee: What You Need To Know To Cover Your Compliance Obligations
For the most part, solo advicers launching their first practice often have plenty of time and not a lot of revenue, which means they tend to take care of every aspect of the business themselves. As their practices grow and they start to serve more clients, though, advicers invariably reach a point where they simply […]