Nerd's Eye View

OCTOBER 7, 2024

Welcome to the October 2024 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!

B2B 92

B2B Planning Tax Planning Technology 92

CSC Advisors

SEPTEMBER 27, 2024

Understanding how to maximize tax benefits can significantly impact your bottom line, allowing you to reinvest in your business and improve cash flow. Maximize Interest Deductions The interest paid on your SBA loan is generally tax-deductible as a business expense. million for equipment purchases.

Tax Planning 52

Tax Planning Leverage Planning Prioritization 52

CFO Plans

SEPTEMBER 24, 2024

This accessibility ensures that business owners and financial advisors can collaborate seamlessly, leading to more effective financial planning and tax strategy formulation. It allows for continuous monitoring of financial performance, enabling proactive adjustments to tax strategies.

Tax Planning 52

Tax Planning Compliance CFO Risk Management 52

Nerd's Eye View

SEPTEMBER 30, 2024

When it comes to focusing on a niche for financial advisors, business owner clients can be an appealing target as they can have complex financial planning problems ranging from cash flow management to tax planning to acquisition strategies. Ultimately, the key point is that for advisors who work with (or would like to work with!)

Tax Planning 73

Tax Planning Planning Sales Marketing 73

Nerd's Eye View

MAY 31, 2024

Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that the Financial Planning Association and Money.com are planning to publish a “Best Financial Advisors” list based on advisors’ education, credentials, and experience, as well as harder-to-quantify (..)

Tax Planning 71

Tax Planning Education Compliance Communication 71

Nerd's Eye View

JULY 7, 2023

Also in industry news this week: A recent survey indicates that a strong majority of financial advisory clients have maintained their trust in their advisors despite the investment market setbacks experienced last year A report from the SEC shows that a majority RIAs have mandatory arbitration clauses in their client agreements, a practice that has (..)

Mergers and Acquisitions (M&A) 97

Mergers and Acquisitions (M&A) Tax Planning Valuation Sales 97

VCFO

NOVEMBER 1, 2023

Identify opportunities for operational improvement and incorporate strategic adjustments in the planning for the year ahead. It seems obvious, but actively reviewing actual vs. planned results and understanding the variables at play is imperative to identifying areas of improvement.

Finance 88

Finance Strategic Planning Auditing CFO 88

Nerd's Eye View

OCTOBER 2, 2023

From there, the latest highlights also feature a number of other interesting advisor technology announcements, including: Holistiplan, after achieving success with its tax planning and analysis software, has announced an investment from Lead Edge Capital, signaling that it may be ready to expand into other financial planning areas beyond tax – (..)

Communication 95

Communication Tax Planning Technology Planning 95

CFO News Room

NOVEMBER 28, 2022

Traditionally, investment planning has been at the forefront of how financial advisors add value for their clients. 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. Executive Summary. Team Kitces.

Tax Planning 130

Tax Planning Planning Investments Profit and Loss 130

Nerd's Eye View

SEPTEMBER 7, 2022

And to complicate things further, when it is decided to go ahead with tax-loss harvesting, there are numerous considerations involved to ensure the strategy is carried out correctly and avoids running afoul of the IRS’s wash sale rules (which could disallow losses and negate the value of the strategy altogether).

Tax Planning 86

Tax Planning Investments Sales Planning 86

CFO News Room

DECEMBER 26, 2022

Personally, it has been a big year of change as well, with the Kitces.com platform adding new team members, rolling out a new IAR CE offering and our latest Estate Planning course, and introducing the AdvisorTech Directory, among other additions, to fulfill our own mission of “Making Financial Advicers Better and More Successful”.

Planning 130

Planning Benchmarking Profit and Loss Communication 130

CFO Plans

AUGUST 16, 2024

An outsourced CFO can offer strategic insights, from tax planning to financial forecasting, without the overhead costs of a full-time executive. They can help you identify tax-saving opportunities and ensure compliance with ever-changing tax regulations. Consider the benefits of 1031 exchanges to defer taxes.

Accounting 52

Accounting CFO Compliance Leverage 52

CFO News Room

DECEMBER 23, 2022

Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the news that Congress appears poised to pass “SECURE Act 2.0”, a series of measures that will have significant impacts on the world of retirement planning. Adam is an Associate Financial Planning Nerd at Kitces.com.

Mergers and Acquisitions (M&A) 130

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

CFO Talks

NOVEMBER 11, 2024

Personal Income Tax (PIT) : Individuals are taxed at progressive rates, which can reach up to 45% for higher income brackets. However, there are rebates and tax thresholds to support lower-income earners. Value Added Tax (VAT) VAT is an indirect tax applied at 15% on the sale of goods and services.

Compliance 52

Compliance CFO Tax Planning Leverage 52

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. Growth planning through uncertainty Business owners struggle to forecast new business growth due to uncertainty. How quickly will the new sales hire ramp up? Reducing workforce.

CFO 40

CFO Forecasting Tax Planning Sales 40

PYMNTS

MARCH 6, 2019

The European Union has announced that it will not move forward with a digital tax plan covering the entire EU, but also said it would look at reforming tax laws for internet companies, according to a report from Reuters. It has been difficult to coordinate tax reform in the EU because there are many varying national interests.

Tax Planning 49

Tax Planning Finance Economics Planning 49

CFO News Room

DECEMBER 17, 2022

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. Adam is an Associate Financial Planning Nerd at Kitces.com. Enjoy the ‘light’ reading! Team Kitces.

Planning 130

Planning Education Investments Benchmarking 130

PYMNTS

DECEMBER 4, 2018

France and Germany have come up with a compromise for a European Union (EU)-wide digital tax, abandoning a wide-ranging 3 percent tax on revenues generated by ad sales in the digital economy. However, officials noted that other retailers like Amazon , Airbnb and Spotify would most likely be excluded. billion USD) a year.

Advertising 46

Advertising Tax Planning Sales Finance 46

CFO News Room

DECEMBER 20, 2022

Michael Kitces is Head of Planning Strategy at Buckingham Strategic Wealth , a turnkey wealth management services provider supporting thousands of independent financial advisors. In 2010, Michael was recognized with one of the FPA’s “Heart of Financial Planning” awards for his dedication and work in advancing the profession.

Education 130

Education Planning Numbers Securities 130

CFO News Room

NOVEMBER 22, 2022

Michael Kitces is Head of Planning Strategy at Buckingham Strategic Wealth , a turnkey wealth management services provider supporting thousands of independent financial advisors. In 2010, Michael was recognized with one of the FPA’s “Heart of Financial Planning” awards for his dedication and work in advancing the profession.

Planning 130

Planning Communication Profit and Loss Education 130

Michigan CFO

NOVEMBER 1, 2021

The SaaS CFO can help plan and strategize for growth with actionable goals and key performance indicators. A SaaS CFO will analyze your marketing and work with your sales team to expand subscription services for existing customers as well as find new ones. Tax Planning With Your SaaS CFO. Interested in learning more?

CFO 52

CFO Budgeting Forecasting Tax Planning 52

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 Manufacturing 52

PYMNTS

OCTOBER 1, 2019

Key international negotiations surrounding Brexit stand to reshape global eCommerce, including the kinds and amounts of taxes that online marketplaces will face. Brexit has been generating headlines, questions and tensions ever since the June 2016 referendum , but a clear plan guiding the departure has yet to materialize. A rapid U.K.

eCommerce 48

eCommerce Tax Planning Compliance Planning 48

CFO News Room

FEBRUARY 2, 2022

Dan is a Partner and the Chief Investment Officer at Capasso Planning Partners, a rapidly growing independent RIA based in Charleston, South Carolina that oversees about $250 million of assets under management for 300 client households across the country that are all served virtually. My guest on today’s podcast is Dan Callahan.

Planning 130

Planning Math Numbers Investments 130

CFO News Room

NOVEMBER 8, 2022

Michael Kitces is Head of Planning Strategy at Buckingham Strategic Wealth , a turnkey wealth management services provider supporting thousands of independent financial advisors. In 2010, Michael was recognized with one of the FPA’s “Heart of Financial Planning” awards for his dedication and work in advancing the profession.

Restructuring 130

Restructuring Planning Marketing Accounting 130

CFO News Room

FEBRUARY 2, 2022

Michael Kitces is Head of Planning Strategy at Buckingham Wealth Partners , a turnkey wealth management services provider supporting thousands of independent financial advisors. In 2010, Michael was recognized with one of the FPA’s “Heart of Financial Planning” awards for his dedication and work in advancing the profession.

Communication 130

Communication Planning Education Numbers 130

Global Finance

OCTOBER 31, 2024

While home sales and consumer spending have slowed since pandemic-related restrictions ended in early 2023, banks have been busy brainstorming, designing, and introducing clever business strategies, investment paths, and customer services to support and reinvigorate their sector. Investor education events are regularly held for clients.

Mergers and Acquisitions (M&A) 52

Mergers and Acquisitions (M&A) Manufacturing Risk Management Construction 52

The CFO College

APRIL 8, 2021

Valuable Expert : Becoming a valuable expert can mean expanding your accounting and tax knowledge in your niche, or adding CFO-level services, tools, and skills to serve clients in any industry. You’ll also want to grow your niche knowledge, if you practice within one.

CFO 52

CFO Benchmarking Accounting Tax Planning 52

PYMNTS

DECEMBER 2, 2020

“Canadians want a tax system that is fair, where everyone pays their fair share, so the government has the resources it needs to invest in people and keep our economy strong,” said Finance Minister and Deputy Prime Minister Chrystia Freeland. It also deprives the government of tax revenues that could be used to better the lives of everyone.”.

Tax Planning 78

Tax Planning Treasury Budgeting Compliance 78

Barry Ritholtz

OCTOBER 19, 2022

Tell us a little about your plans coming out of college. So there’s the, “Hey, I’ll work with you and we’ll develop goals and a plan how to get there.” They’ll do tax planning, right? We’ll do estate planning and other complex financial planning. How did you end up at Vanguard?

Investments 113

Investments Profit and Loss Education Advertising 113

CFO Share

MARCH 9, 2021

This year will be particularly complex as provisions from the CARES act unwind and the sales tax landscape continues its tortuous evolution. Sales tax risk is on the rise for small businesses. Sales tax risk is on the rise for small businesses. Plan for repayment of deferred social security taxes.

Profit and Loss 52

Profit and Loss Compliance Tax Planning Accounting 52

CFO News Room

NOVEMBER 26, 2022

Also in industry news this week: The Biden administration has extended the student loan payment pause out to as far as August 31, 2023 amid legal battles over its broader student loan relief plan. Adam is an Associate Financial Planning Nerd at Kitces.com. How adult children can more effectively give advice to their parents.

Mergers and Acquisitions (M&A) 130

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

PYMNTS

FEBRUARY 1, 2021

The news comes as Yellen expressed her backing of pleas for technology firms to pay a greater share of their sales in the nations where they work. Former President Donald Trump was against the potential tax plans, contending that they discriminated against U.S. USC, Amazon to Make Machine Learning Research Facility.

Finance 40

Finance Compliance Tax Planning Treasury 40

CFO Share

MARCH 16, 2021

“First major tax hike since 1993” according to Bloomberg. As a fractional CFO , my first reaction to any tax reform is: what does this mean for small business? How does tax reform affect small business? There are two proposed changes that will affect small business income taxes. Elimination of pass-through tax deductions.

Profit and Loss 40

Profit and Loss CFO Tax Planning Startups 40

CFO News Room

NOVEMBER 19, 2022

A potential compromise during the lame-duck Congressional session could see a boost to the child tax credit and extended tax breaks for businesses. From there, we have several articles on tax planning: How advisors can add value for their clients by managing their exposure to mutual fund capital gains distributions.

Planning 130

Planning Leadership Accounting Healthcare 130

CFO Share

SEPTEMBER 15, 2021

Last March, I published an article reviewing the small business impact of the then-leaked Biden Tax Reform proposal. With the new details available, let’s review the impact on small business financial planning. How does tax reform affect small business? Elimination of pass-through tax deductions.

Profit and Loss 52

Profit and Loss CFO Tax Planning Auditing 52

Barry Ritholtz

OCTOBER 3, 2023

Now, there was one really important part of, of that as part of my job training, I was sent to the big sales offices to learn how the product was sold. One of the big sales offices was out in Long Island in Garden City. We started on that plan in December of 16. 00:53:11 [Speaker Changed] So it, it’s very comprehensive.

Marketing 111

Marketing Banking Treasury Profit and Loss 111