The IR35 reforms enacted by HMRC have disrupted the market due to the April deadline imposed on businesses, leaving them with limited time to adapt according to the software company’s CEO James Poyser. “As a board of directors, IR35 is something we’ve prepared for a long time and modelled it. We have a strategy in […]
Strategies To Mitigate The (Partial) Death Of The Stretch IRA
Executive Summary Passed by Congress in December 2019, the “Setting Every Community Up For Retirement Enhancement (SECURE) Act” introduced substantial updates to long-standing retirement account rules. One of the most notable changes was the removal of the ‘stretch’ provision for certain non-spouse designated beneficiaries of inherited retirement accounts and the introduction of a “10-Year Rule” […]
How to be a digital nomad
Are you kicking the shackles of a cubicle and taking your gig on the open road? You must be stoked! There’s a growing cohort of people out there in all sorts of industries who are doing the same thing. We call them ‘digital nomads’ and they can be defined as a group of professionals in […]
How workflow technologies drive new efficiencies in your bookkeeping practice
How workflow technologies drive new efficiencies in your bookkeeping practice | Reckon Blog Blog Post Home > Technology > How workflow technologies drive new efficiencies in your bookkeeping practice
Partner Pages 2020: All in on advisory
By Ben Chandler, Principal, Strategy1, Tasmania Accountant Ben Chandler left sunny Queensland for the brisk, cool climate of Tasmania nearly ten years ago. But it wasn’t just a change of scenery that he discovered upon his arrival. Following a visit to his local Xero roadshow, Ben was introduced to the wonders of cloud-based accounting and […]
How to Create a Prepaid Expenses Journal Entry
Do you ever pay for business goods and services before you use them? If so, these types of purchases require special attention in your books. You need to create a prepaid expenses journal entry. So, do you know how to record prepaid expenses? Don’t panic if you don’t. Instead, follow this simple guide to recording […]
#FASuccess Ep 164: Making The Hard Transition From Financial Advisor To Business Owner Of Your Advisory Firm, With Julia Carlson
Executive Summary Welcome back to the 164th episode of Financial Advisor Success Podcast! My guest on today’s podcast is Julia Carlson. Julia is the founder and CEO of Financial Freedom Wealth Management Group, a hybrid RIA based in Newport, Oregon, that oversees nearly $300 million of assets under management for almost 1,000 client households. What’s unique […]
OECD director: Agreement on digital services tax underway
The Organisation for Economic Co-operation and Development (OECD) is hopeful that member states will come to a consensus on a cross border tax system reflective of the “digitisation of the economy”, according to Pascal Saint-Amans, the organisation’s director of the centre for tax policy and administration. “There is broad recognition that reaching a multilateral solution […]
Partner Pages 2020: Trying change on for size
By Niranjan Deshpande and Rajesh Rajpal, Directors at LPA Partners, Victoria and Nick Grieve, Director of Cloud Solutions at Perks, South Australia When your practice faces major change, the size of your team can influence your business decisions – and outcomes. Small firms can pivot faster, but larger enterprises have more resources to direct at the […]
How Advisory Firms Can Leverage EOS To Systematically Manage And Grow Their Firms
Executive Summary As the RIA industry’s continued growth has catapulted more and more firms across the $100M (or even the once-unthinkable $1 billion) AUM threshold and transformed many practices into true businesses, many advisors are finding themselves as “accidental business owners” as their firms have grown beyond themselves as the original founders and into professionally […]