Executive Summary In response to the unfolding COVID-19 global pandemic (as the US this week surpassed China as the country with the most confirmed cases in the world), the US Senate has passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act, a $2 trillion emergency fiscal stimulus package, in order to help ease the […]
Need government aid for your small business? Don’t neglect this one step
Meeting payroll amid COVID-19 will undoubtedly be difficult for many Australian small businesses. So it’s reassuring to know that you may be eligible for a government cash-flow boost of up to $100,000. But you could miss out if you neglect a key bit of housekeeping: lodging your activity statement. That’s because your activity statement (or […]
Closing a Business Checklist: 8 Steps for a Smooth Transition
The time may come when you want to shut down your business to retire, open a new venture, or start a new career path. Regardless of your reason, the process for closing a business is different than selling it. Although it can be overwhelming, you can de-stress with our closing a business checklist. There are […]
Kitces & Carl Ep 31: Maintaining Personal Advisor Wellness In Times Of Market Stress
Executive Summary In the midst of the global coronavirus pandemic, people around the world are experiencing tremendous stress and anxiety, and financial advisors are fielding worried calls and emails from clients who need to be calmed. Yet the reality is that financial advisors aren’t immune, and are also dealing with exceptionally high levels of stress, […]
Six steps to build an effective business continuity plan
A business continuity plan (BCP) is a comprehensive plan with contingencies for business processes, assets, human resources, and business partners in case of an emergency. It defines steps that can be taken to re-establish productivity, secure key assets, and continue operations despite the disruptions. BCPs are a necessary tool in ensuring your business preparedness. They […]
Ten Planning Conversations To Help Clients Now During the COVID-19 Pandemic
Executive Summary With a market decline of nearly 30% in just a few weeks as the coronavirus pandemic expands and amidst eye-popping daily market volatility, most financial advisors today are simply trying to help clients to remain calm, stay the course, and not engage in panic-selling. As while it’s relatively ‘easy’ to keep clients focused […]
New initiatives to support our customers and community during COVID-19
To our Xero community, These are challenging times for everyone. Our purpose is to make life better for small businesses and during these challenging times, this mission is more important than ever. Millions of customers rely on Xero every day to help run their businesses online, and we are working hard to ensure that Xero […]
Count the Ways an Electronic Funds Transfer Process Can Benefit Your Business
As a business owner, you’re likely always on the hunt for ways to save time and money. Maybe you use basic accounting software to track incoming and outgoing money. Or, maybe you automate your email marketing with a tool that sends emails to your customers or vendors for you. If you love saving time and […]
#FASuccess Ep 169: Combatting Advisory Fee Compression By Unbundling Investment Management And Financial Planning Fees With Alexandra Levi
Executive Summary Welcome back to the 169th episode of Financial Advisor Success Podcast! My guest on today’s podcast is Alexandra Levi. Alex is the Founder and Managing Partner of Element Financial Group, a hybrid RIA with the Commonwealth platform that oversees nearly $430 million of assets under advisement for 170 clients. What’s unique about Alex, […]
Future business technology to keep an eye on
1) Drones and small aircraft They came out swinging a few years ago, after years of iterative improvements. Now, drones are coming into their own as the uses multiply rapidly. Delivery This is a salient point in these chaotic pandemic times. As of March 2020, here in Australia we have seen dine-in restaurants close their […]