Executive Summary Welcome back to the 175th episode of Financial Advisor Success Podcast! My guest on today’s podcast is Dr. Travis Parry. Travis is the founder of Make Time Institute, which helps business owners, including financial advisors, to regain control of their time and achieve better work-life balance. What’s unique about Travis, though, is that he […]
The Latest In Financial Advisor #FinTech (May 2020)
Executive Summary Welcome to the May 2020 issue of the Latest News in Financial Advisor #FinTech – where we look at the big news, announcements, and underlying trends and developments that are emerging in the world of technology solutions for financial advisors and wealth management! This month’s edition kicks off with the news that FTV […]
Weekend Reading for Financial Planners (May 2-3)
Executive Summary Enjoy the current installment of “weekend reading for financial planners” – this week’s edition kicks off with a new industry study from Broadridge finding that the coronavirus pandemic is just further accelerating the industry’s shift towards more holistic financial planning as a way to demonstrate and add value in the midst of the turbulent market […]
Accountants under pressure to process payroll claims
As the Coronavirus Job Retention Scheme (CJRS) portal opened last Monday, accountants have encountered a high demand from clients to prepare payroll documents on time. “One of the issues, when looking at the job retention scheme itself, is about getting the payrolls and the submissions process in time. A lot of our clients, understandably, wanted […]
Improving your chance of securing government backed loans (UK)
Over £4.1 billion has now been paid to more than 25,000 businesses under the UK government’s Coronavirus Business Interruption Loan Scheme (CBILS), up from £2.8 billion for 16,624 businesses last week. This is according to the latest data published by UK Finance, the collective voice for the banking and finance industry. UK Finance said lenders […]
How RIAs Can Determine If They Need To Disclose PPP Loans on ADV Part 2A
Executive Summary Last month, Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act, providing Americans with $2+ trillion of emergency fiscal stimulus funding in response to the economic damage caused by the Coronavirus pandemic. Part of the Act included the Paycheck Protection Program (PPP), which initially authorized up to $349 billion in forgivable […]
Getting Started With Simple Journal Entries
Let’s face it: accounting is confusing. There are so many rules to follow and calculations to do. But, it’s one of those things you have to do for the sake of your business. So instead of diving straight into the complicated stuff, start slowly with simple journal entries. Simple accounting journal entries are relatively easy […]
Student Loan Interest Forbearance Planning Strategies Under The CARES Act
Executive Summary With the recent turmoil driven by the coronavirus pandemic, people across the country are faced with tremendous uncertainty about their financial situations. In response to the crisis, Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act, a $2 trillion emergency fiscal stimulus package, in order to offer much-needed relief for both […]
7 areas of mental wellbeing to nurture while social distancing
Some people plan to learn a new language, others are bracing themselves to tidy the kitchen cupboards. Both noble pursuits of equal ambition, but as we adjust to this new way of life, it’s easy to take an eye off a more pressing matter: our emotional wellbeing. The truth is, extended periods of remote working, […]
PPP Loan Accounting: Creating Journal Entries
Congratulations on receiving a Paycheck Protection Program forgivable loan! But if you want to receive loan forgiveness, you need to use it for eligible expenses and keep detailed records. Read on to learn about Paycheck Protection Program (PPP) loan accounting. Eligible expenses for PPP loan forgiveness If you want your Paycheck Protection Program loan to […]