Nerd's Eye View

OCTOBER 14, 2022

While this will help seniors keep pace with rising prices, it also creates tax planning opportunities for advisors and raises the possibility that the Social Security Trust Fund could be depleted sooner than expected. Why accounting firms have become hot acquisition targets for RIAs.

Tax Planning 98

Tax Planning Practice Management Accounting Firms Securities 98

E78 Partners

MARCH 3, 2025

The IPO market has also seen a resurgence, with 13 IPOs each aiming to raise $100 million or more filed in January 2025 alone , marking the highest number of sizable IPO filings in a single month since early 2022. Strengthen Finance and Accounting Teams : Ensure teams have public company expertise to meet SEC and investor expectations.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) GAAP Marketing Compliance 52

Nerd's Eye View

JANUARY 31, 2024

Under the new law, non-spouse beneficiaries (with few exceptions) must now withdraw the entirety of an inherited IRA within 10 years of the account owner's passing rather than over their own lifetimes. This shift has led financial advisors to explore new strategies for mitigating the resulting tax-planning challenges.

Nonprofit 98

Nonprofit Tax Planning Planning Accounting 98

Nerd's Eye View

SEPTEMBER 20, 2024

Enjoy the current installment of "Weekend Reading For Financial Planners" – this week's edition kicks off with the news that the North American Securities Administrators Association (NASAA) released the latest edition its annual survey outlining the state of state-registered RIAs, showing that the number of state-registered firms and their assets (..)

Tax Planning 98

Tax Planning Investments Numbers Marketing 98

Nerd's Eye View

SEPTEMBER 6, 2024

Also in industry news this week: A probe by the Government Accountability Office found that the conflict-of-interest disclosures offered by many firms offering financial advice are often inadequate or confusing, making it hard for consumers to understand whether and when a financial professional is operating in their best interest A recent study has (..)

Treasury 98

Treasury Tax Planning Practice Management Compliance 98

Global Finance

DECEMBER 6, 2024

This approach delivers coordinated services, including private banking, wealth planning, trust and estate planning, insurance, and investment management. The success of the offering is also evident in the numbers. The bank achieved impressive revenue growth, with earnings soaring to $608.7 million in 2023, up from $516.6

Banking 52

Banking Problem Solving Leadership Tax Planning 52

Nerd's Eye View

JUNE 21, 2024

Also in industry news this week: A recent survey indicates that financial advisors continue to move towards ETFs and away from mutual funds when it comes to client portfolio recommendations, though a majority of advisors continue to see a role for active management in the investment management process A former employee has filed a lawsuit alleging (..)

Math 98

Math Tax Planning Treasury Leverage 98

Nerd's Eye View

MAY 12, 2023

Also in industry news this week: Why industry groups representing investment advisers and others have blasted an SEC proposal that would significantly expand its Custody Rule A new study suggests that organic client growth and profit margins are the key factors driving RIA valuations, with the firm’s affiliation model having little to no impact (..)

Tax Planning 98

Tax Planning Practice Management Valuation Investments 98

PYMNTS

OCTOBER 19, 2020

The OECD forecasted that the measures could bring in a further $100 billion in business tax revenues each year. . France Will Proceed With Controversial Digital Services Tax Plan. France will proceed with intentions to gather its controversial digital services tax in the middle of December, Accounting Today reported.

Tax Planning 57

Tax Planning Compliance Planning Economics 57

CFO Plans

NOVEMBER 4, 2024

Technology and automation are revolutionizing Strategic Financial Planning , offering advanced tools for data analysis and decision-making. From AI-driven financial modeling to cloud-based accounting platforms, these innovations provide businesses with real-time insights and enhanced operational efficiency.

CFO 52

CFO Cost Management Leverage Planning 52

CFO News Room

DECEMBER 23, 2022

We also have a number of articles on spending and budgeting: Why advisors might want to consider using a client service calendar to organize the wide range of services they provide for clients throughout the year. Also related to Roth accounts, the legislation would align the rules for employer-retirement-plan-based Roth accounts (e.g.,

Mergers and Acquisitions (M&A) 130

Mergers and Acquisitions (M&A) Planning Valuation Securities 130

CFO News Room

NOVEMBER 28, 2022

Combined with growing advisor (and consumer) interest in comprehensive financial planning services, the number of ways advisors can add value for their clients has expanded greatly. Luckily, advisors have a large number of ways to add value to their clients’ lives (more than 101 in fact!) Tax Planning.

Tax Planning 130

Tax Planning Planning Investments Profit and Loss 130

Nerd's Eye View

JULY 12, 2024

Also in industry news this week: 2 House committees this week advanced legislation that would halt implementation of the Department of Labor's new Retirement Security Rule, which, combined with ongoing lawsuits, threaten to derail the regulation either before or soon after it becomes effective in late September A Federal judge has put the future of (..)

Tax Planning 75

Tax Planning Leadership Communication Accounting 75

Nerd's Eye View

DECEMBER 25, 2023

We start with several articles on retirement planning: Data showing where American retirees currently stand, from their average net worth to how they spend each hour of the day How, according to a recent study, delaying Social Security benefits typically leads to greater lifetime wealth than claiming benefits early in order to reduce portfolio withdrawals (..)

Practice Management 98

Practice Management Tax Planning Planning Securities 98

Nerd's Eye View

OCTOBER 7, 2024

This month's edition kicks off with the news that digital estate planning platform Wealth.com has raised a whopping $30 million in Series A funding, following on the heels of Vanilla's follow-on $20M capital round just a few months ago – which on the one hand reflects the anticipated enthusiasm for solutions that can help advisors efficiently (..)

B2B 98

B2B Planning Tax Planning Technology 98

CFO Share

APRIL 5, 2022

Register with appropriate states and municipalities for a sales tax license. File returns and remit sales taxes routinely. While your in-house accounting team could perform steps 3 and 4, small businesses’ sales tax compliance is often outsourced entirely to agencies like CFOshare for efficiency and effectiveness.

Sales 98

Sales Auditing Compliance Tax Planning 98

Nerd's Eye View

JUNE 7, 2024

Also in industry news this week: Backers announced the new Texas Stock Exchange, which seeks to provide companies with a lower-cost alternative to the NYSE and Nasdaq, which, if successful, could create a more competitive landscape and potentially better execution and reduced trading costs for financial advisors and their clients The American College (..)

Concentration 75

Concentration Analyzing Data Tax Planning Leverage 75

Nerd's Eye View

OCTOBER 2, 2023

Welcome to the October 2023 issue of the Latest News in Financial #AdvisorTech – 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!

Communication 98

Communication Tax Planning Technology Planning 98

CFO News Room

NOVEMBER 9, 2022

Health Savings Accounts (HSAs) are one of the most popular savings vehicles because of their triple-tax advantage: account owners can take an above-the-line tax deduction for eligible contributions, growth in the account is tax-deferred, and withdrawals are tax-free if they are used for qualified healthcare expenses.

Healthcare 130

Healthcare Planning Accounting Investments 130

CFO News Room

DECEMBER 30, 2022

We also have a number of articles on investments: Fixed-income ETFs saw inflows this year, while their mutual fund counterparts experienced significant outflows, suggesting that the dominance of bond mutual funds could be eroding. How advisors are increasingly purchasing individual bonds rather than bond funds in client accounts.

Planning 130

Planning Auditing Investments Securities 130

CFO News Room

DECEMBER 26, 2022

As 2022 comes to a close, I am once again so thankful to all of you, the ever-growing number of readers who continue to regularly visit this Nerd’s Eye View Blog (and share the content with your friends and colleagues, which we greatly appreciate!). Executive Summary.

Planning 130

Planning Benchmarking Profit and Loss Communication 130

Boston Startup CFO

OCTOBER 13, 2015

I’m not an expert in anything related to accounting, so I reached out to one of my networks to get people I could have do these functions. So I hired a part-time accountant who sent a part-time bookkeeper every week to do our books. So I hired a part-time accountant who sent a part-time bookkeeper every week to do our books.

CFO 52

CFO Tax Planning GAAP Budgeting 52

CFO Simplified

MARCH 7, 2024

accounting firms, SEC registered businesses, insurance companies, and publicly traded corporations). Many “beneficial owners” choose to obtain something called a “FinCEN ID,” which is a unique identifying number issued to an individual by FinCEN.

Tax Planning 59

Tax Planning Compliance Restructuring Treasury 59

CFO News Room

NOVEMBER 23, 2022

Ultimately, with the potential for added wealth that solo 401(k) plans can create, making the process of managing the plan a little easier for clients is a great opportunity to provide value that the client can see from year to year. 20,500 is the smaller number, so that is the maximum employee contribution.

Planning 130

Planning Mergers and Acquisitions (M&A) Accounting Investments 130

CFO Simplified

MARCH 7, 2024

accounting firms, SEC registered businesses, insurance companies, and publicly traded corporations). Many “beneficial owners” choose to obtain something called a “FinCEN ID,” which is a unique identifying number issued to an individual by FinCEN.

Tax Planning 52

Tax Planning Compliance Restructuring Treasury 52

CFO News Room

NOVEMBER 15, 2022

And so, what we did, and I guess the advantage of being with a broker-dealer is those are now Commonwealth house accounts. Just they’re Commonwealth house accounts, so that slice of what was 6% of revenue, it goes to them. They’re just handling the existing house accounts that are there. Stacey: Absolutely.

Planning 130

Planning Accounting Compliance Math 130

CFO News Room

DECEMBER 17, 2022

How firms can best leverage their internal data to improve the number of client referrals they receive. We also have a number of articles on retirement planning: While weak stock and bond market performance has challenged advisors and their clients this year, these trends have likely increased the ‘safe’ withdrawal rate for new retirees.

Planning 130

Planning Education Investments Benchmarking 130

PYMNTS

SEPTEMBER 28, 2020

As reported by Fortune, Vestager said in a statement that “the General Court judgment raises important legal issues that are of relevance to the Commission in its application of state-aid rules to tax planning cases. The Commission also respectfully considers that in its judgment, the General Court has made a number of errors of law.

Compliance 64

Compliance Tax Planning Construction eCommerce 64

CFO News Room

NOVEMBER 21, 2022

How confident are they that no year-end-tax-planning opportunities were missed across their entire client base? scheduling out tasks related to tax, insurance, estate, and foundational planning issues at different times of the year) across all of the firm’s clients can reduce errors and increase efficiency.

Planning 130

Planning Communication Concentration Practice Management 130

Creative CFP

JANUARY 17, 2019

In theory and simply put, cash flow management is: Cash coming into the business as early as possible, Cash exiting the business as late as possible, Keeping an eye on the future and planning accordingly and, Ensuring the numbers make sense. It all comes down to proper cash planning. Careful planning is essential.

Cash Flow Forecasting 52

Cash Flow Forecasting Invoicing Forecasting Accounting 52

Michigan CFO

NOVEMBER 1, 2021

Tax Planning With Your SaaS CFO. You might be wondering, “Okay, but can my SaaS CFO handle taxes?” While your CFO is not (usually) a tax accountant, they can interface with your tax accountant on your behalf to explore all possible deductions your business might be able to claim. Learn More.

CFO 52

CFO Budgeting Forecasting Tax Planning 52

The CFO College

APRIL 8, 2021

For many bookkeepers and accountants, working remotely is a reality that has breathed energy back into the passion they feel for their work and their life. For us numbers people, one of the hardest things can be getting out in front of a CEO and talking yourself up enough to land a new client. You are in charge.

CFO 52

CFO Benchmarking Accounting Tax Planning 52

CFO News Room

NOVEMBER 29, 2022

And so, that’s how this actually started was, at first, I knew I wanted to just get a deeper dive into our numbers, into our business, our process, and, so, I engaged in the CFO solutions services. A lot of them scored high as a quick start, right, and I wasn’t looking for that. ” That’s what we did.

Leverage 130

Leverage Planning Concentration Tax Planning 130

CFO News Room

NOVEMBER 22, 2022

” I think your number at the time was somewhere like 15 great fit clients to take on every year. And it was just an unmanageably large number of clients. He did an immense number of sales, and had cultivated a huge number of relationships. All of the tax planning, and all of the behind-the-scenes work.

Planning 130

Planning Communication Profit and Loss Education 130

CFO News Room

NOVEMBER 8, 2022

But we want it on the calendar so that we keep clients and ourselves accountable so that we make sure that those meetings actually do happen. And the four pillars are the financial plan, risk management, so just checking all their what-if scenarios that something…a husband dies, wife dies, long-term care, disability.

Restructuring 130

Restructuring Planning Marketing Accounting 130

CFO Share

JULY 13, 2023

At our fractional CFO firm , we believe there are three primary financial issues that small businesses face: Planning growth through uncertainty. Turning numbers into insights. Growth planning through uncertainty Business owners struggle to forecast new business growth due to uncertainty. Turn numbers into insights.

CFO 40

CFO Forecasting Tax Planning Sales 40

CFO News Room

FEBRUARY 2, 2022

Number one is just the fact that we have multiple fee structures. So, that’s number one. So, I don’t have to have this great call and then at the end of it, tell someone, “Yeah, that all sounds great and if you want that, you move all your accounts over and that’s the only way we’ll work with you.

Planning 130

Planning Math Numbers Investments 130