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Weekend Reading For Financial Planners (Oct 15-16)

Nerd's Eye View

Also in industry news this week: The IRS released a notice this week indicating that RMDs will not be required for inheritors of retirement accounts subject to the SECURE Act’s 10-year rule. A recent study suggests that advisors can regain about 20% of their time by outsourcing investment management responsibilities.

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Auditing and accounting talent shortage remain a top issue

Future CFO

Survey highlights Nearly 35% of accountants cite finding the right talent among their three biggest practice management issues over the past year, compared to just 14% of accountants who cited it last year – making finding talent the fastest-rising industry challenge.

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Lightyear Forms ProfitSolv To Acquire Billing, Payments Solutions

PYMNTS

Vassallo , managing partner of Lightyear, said the work with ProfitSolv “reflects our long-term investment thesis that embedding payment solutions in vertically integrated, sector-specific software will continue to gain market share from more traditional software providers.”. “We billion for the legal vertical alone.

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Today In B2B: Revolut Debuts New Business Feature; MonetaGo Targets Trade Finance Fraud

PYMNTS

The scandal caused over $100 million in losses to hundreds of businesses and individuals upon its collapse in August of last year, the report says, when their paychecks didn't go through after CEO Michael Mann , or someone else near the top of the company, moved workers' money into a private account used for embezzlement.

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In B2B, Embedded Payments Make For Attractive Acquisitions

PYMNTS

The news came against a backdrop where other announcements and activities have illuminated the attractiveness of B2B FinTech as an investment space. As reported earlier in this space, dealmaking to date in 2020 has included eCommerce-as-a-Service firm Mirakl securing a $300 million investment, and payments firm Zoop securing a $10.85

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Regent Assay advises SaaS company, BTCSoftware on acquisition by Bright Software Group

Regent Assay

The solution enables accountants to comply with Making Tax Digital (MTD) VAT regulations and is integrated with HMRC and Companies House. Bright is a UK and Ireland-based accounting, practice management and payroll software provider. The investment in BTCSoftware further demonstrates?Bright’s