It was good to see a new Financial Planning initiative this week to reach the so-called TikTok generation. Cheshire’s Equilibrium Financial Planning is launching a ‘lighter touch’ Financial Planning service for younger clients, those in their 30s and 40s beginning to accrue some wealth. The service will not bridge the advice gap but it […]
Bankman-Fried sentenced to 25 years over FTX collapse
The lengthy sentence marks a final chapter in a controversy that has captivated and overshadowed the crypto industry.
Starting a Business With Poor Credit History
A great idea comes with great responsibility—or money. Any good businessman knows that starting a business requires more than just grit and effort. For a business idea to come to life, significant costs are incurred whether you like it or not. From your administrative operations to production costs, starting a business is like bleeding your […]
Why Guyton-Klinger Guardrails Are Too Risky For Most Retirees (And How Risk-Based Guardrails Can Help)
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 […]
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