CFO News

MARCH 15, 2023

The Indian government is unlikely to make changes to its budget proposal of taxing the total returns on high-value life insurance policies, two government officials said on Wednesday, amid demands by insurance companies to reconsider the move.

Tax Planning 52

Tax Planning Planning Budgeting 52

PYMNTS

NOVEMBER 6, 2017

The tax proposals would also aim to cut the corporate tax rate from 25 percent to 20 percent, though reports in Bloomberg Politics said an unnamed Republican lawmaker noted that tax rate cut would be phased out after 10 years, which, according to the publication, “would limit [the tax plan’s] ability to spur economic growth.”.

Tax Planning 40

Tax Planning Planning Economics B2B 40

Navigator SAP

OCTOBER 28, 2022

Like tax planning, landed costs are a subtle but important business consideration for maximizing profit margins and ensuring profitability. It seemed like an efficient purchase order. A batch of camera equipment was ordered from a UK supplier for a warehouse in Thailand based on a good unit price.

SAP 246

SAP Tax Planning Sales Planning 246

PYMNTS

AUGUST 26, 2019

Thailand hopes to annually collect 3 billion to 4 billion baht ($98 million to $131 million) by introducing a tax on tech businesses, Reuters reported on Monday (Aug. If approved by Parliament, Thailand will institute a value-added-tax starting next year on electronic businesses, leveraging the eCommerce boom in the country.

eCommerce 55

eCommerce Tax Planning Planning Banking 55

PYMNTS

OCTOBER 19, 2020

However, the OECD cautioned about the potential of an international trade war brought by different nations rolling out digital services taxes on their own to assist in their economic rebounds from COVID-19 in the event nations don’t all agree on the new tax regulations. France Will Proceed With Controversial Digital Services Tax Plan.

Tax Planning 57

Tax Planning Compliance Planning Economics 57

Nerd's Eye View

MARCH 10, 2023

Also in industry news this week: Altruist’s self-clearing custodial platform has gone live, offering RIAs of all sizes an alternative to larger, legacy custodians While the SEC is planning to increase the number of on-site examinations it conducts, the odds that a firm will experience an exam in a given year appear to be remaining steady From (..)

Tax Planning 85

Tax Planning Budgeting Practice Management Planning 85

Anaplan

FEBRUARY 12, 2021

The planning disconnect Every time a new year rolls around, many of us take it as an opportunity to reorder our lives. Reorganize closets or refrigerators, create an emergency go-bag, get ahead of tax planning so that the weekend before the filing deadline you’re not frantically pawing through a year’s worth of receipts – you […].

Planning 105

Planning Tax Planning Finance 105

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) 89

Mergers and Acquisitions (M&A) Tax Planning Valuation Investments 89

Anaplan

FEBRUARY 12, 2021

The planning disconnect Every time a new year begins, many of us take it as an opportunity to reorder our lives. Reorganize closets or refrigerators, create an emergency go-bag, get ahead of tax planning so that the weekend before the filing deadline you’re not frantically pawing through a year’s worth of receipts – you get […].

Planning 83

Planning Tax Planning Finance 83

CFO Share

MAY 18, 2023

VAT vs sales tax can be especially confusing for international businesses. Sales tax is extremely common amongst the USA, whereas VAT is more common in foreign countries. All companies should consider VAT vs sales tax when reviewing their tax planning strategy. Who implements a VAT or sales tax?

Sales 52

Sales Tax Planning Compliance Invoicing 52

CFO Network

NOVEMBER 10, 2021

With outsourced business accounting services , you can get access to professional tax planning advice from a CPA or a CFO. They will be able to advise you on what tax planning strategies to put in place to legally minimize your tax burden each year. You Get Valuable Advice for Your Small Business.

Accounting 81

Accounting Tax Planning CFO Planning 81

Spreadym

APRIL 27, 2023

Tax planning: Some financial analysis and planning software includes tax planning tools that help users forecast and minimize tax liabilities and maximize tax deductions. It can be important that FA&P software can generate financial reports by several standards.

Financial Analysis 52

Financial Analysis Tax Planning Forecasting Financial Reporting 52

Nerd's Eye View

OCTOBER 5, 2022

And when factoring in the fees charged by those technology platforms, the value of such ‘tactical’ tax-loss harvesting might exceed the value the investor would have realized by relying on a technology solution to do it automatically! Read More.

Technology 75

Technology Tax Planning Advertising Retail 75

Nerd's Eye View

FEBRUARY 24, 2023

Also in industry news this week: Why the behavior of some TAMPs and investment advisers might have led the SEC to propose its new (and potentially burdensome) ‘outsourcing rule’ Why independent broker-dealers could become major players in RIA M&A in the coming year From there, we have several articles on advisor marketing: How to craft (..)

Tax Planning 83

Tax Planning Auditing Investments Numbers 83

Nerd's Eye View

SEPTEMBER 6, 2023

Beyond insurance, advisors and their clients can also consider options such as the use of corporate entities such as Limited Liability Companies (LLCs) for business interests, and estate tax planning tools such as Spousal Lifetime Access Trusts (SLATs) that can offer both estate planning and asset protection benefits for married couples.

Education 88

Education Tax Planning Planning Accounting 88

Nerd's Eye View

OCTOBER 2, 2023

This month's edition kicks off with the news that custodial platform Altruist is eliminating the $1 per account monthly fee for its portfolio management and reporting technology for advisors on its platform, which on the one hand suggests that the economies of scale Altruist has achieved in the wake of its move to become a fully self-clearing custodian (..)

Tax Planning 52

Tax Planning Technology Communication Planning 52

Nerd's Eye View

AUGUST 21, 2023

tax planning or working with blended families), as well as the type of clients they like working with the most. First, an advisor can consider the many niche options from which to choose, including professional (e.g., doctors or employees of a certain company), technical (e.g., equity compensation), values-based (e.g.,

Marketing 79

Marketing Tax Planning Planning Numbers 79

Nerd's Eye View

AUGUST 23, 2023

And while a Legacy IRA may only be one piece of the puzzle (since the $50,000-per-person lifetime limit may only represent a small portion of the assets of many high-net-worth families), it can still serve as a unique and valuable legacy and tax planning tool – and given the minimal expense and hassle of setting up and maintaining the CGA (since (..)

Tax Planning 87

Tax Planning Nonprofit Planning Securities 87

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 77

Tax Planning Valuation Practice Management Banking 77

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. for 2023, the largest COLA since 1981.

Tax Planning 76

Tax Planning Accounting Firms Securities Practice Management 76

CFO News Room

NOVEMBER 28, 2022

Tax Planning. In addition to managing investments, tax planning is another area where advisors can demonstrate their value in dollar terms. This often starts with reviewing the client’s tax return to ensure they received the credits and deductions for which they were eligible.

Tax Planning 130

Tax Planning Planning Investments Profit and Loss 130

Nerd's Eye View

MAY 8, 2023

investment reviews in the summer, retirement projection updates in the fall, and year-end tax planning in the winter) created enough efficiency through systematizing the ongoing financial planning process that allowed him to fit in tax preparation without reducing any of his other service offerings!

Tax Planning 86

Tax Planning Planning Investments Numbers 86

Nerd's Eye View

NOVEMBER 18, 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.

Tax Planning 69

Tax Planning Practice Management Leadership Planning 69

Nerd's Eye View

APRIL 5, 2023

Given how frequently the tax code changes, advisors can add value for clients by ensuring their estate plans are aligned with current law to meet the clients’ objectives, and not with past rules that may no longer apply to them. However, the passage of TCJA resulted in the estate gift tax exemption nearly doubling (from $5.6M

Planning 83

Planning Tax Planning Accounting 83

Nerd's Eye View

MAY 31, 2023

Ultimately, for a subset of taxpayers – namely high-income owners of pass-through businesses in high-tax states, who preferably only do business in 1 or a small number of states to reduce the overall complexity – PTETs can provide an opportunity for significant Federal tax savings.

Planning 82

Planning Tax Planning Investments Numbers 82

PYMNTS

NOVEMBER 25, 2020

The potential amendment to bring in the tax plan is intended to take effect in October of next year, but the legislative body is aiming to have the taxation timeframe begin in the first month of 2022.

Currencies 97

Currencies Tax Planning Accounting Planning 97

Nerd's Eye View

SEPTEMBER 29, 2022

Many states either have income-based limitations on the tax benefits that higher-income retirees can realize, while others cap the total amount of retirement tax benefits that an individual can use (for example, by setting a maximum amount of combined Social Security and/or pension income that can be deducted from a taxpayer’s income).

Tax Planning 98

Tax Planning Securities Planning 98

Nerd's Eye View

JULY 12, 2022

In this episode, we talk in-depth about how, after years of working in an environment where she saw first-hand how ultra-high-net-worth clients keep and grow their wealth (and the lack of diversity among those clients), Kamila decided to build a practice that focused on providing holistic financial planning to communities of color with emerging wealth, (..)

Tax Planning 98

Tax Planning Planning Compliance Leverage 98

Nerd's Eye View

SEPTEMBER 6, 2022

Read More.

Leverage 98

Leverage Tax Planning Corporate Finance Planning 98

PYMNTS

MARCH 12, 2019

Treasury official said a French tax plan targeting American digital companies is discriminatory against American businesses. After a European Union plan for tax reform fell apart, France, along with Britain, Italy and Spain, are moving forward with plans to tax companies like Google and Apple.

Treasury 52

Treasury Tax Planning Finance Economics 52

Nerd's Eye View

JANUARY 12, 2023

Some advisors implement client service calendars that dedicate certain times of the year to tax planning, insurance reviews, or quarterly meetings, and fill the gaps with newsletters, client appreciation events, and regular firm updates.

Tax Planning 66

Tax Planning Communication Planning 66

Nerd's Eye View

JULY 20, 2022

This could include planning for how their expenses will change during the sabbatical as well as simulating how the sabbatical will impact their financial picture going forward.

Planning 79

Planning Tax Planning 79

CFO News Room

NOVEMBER 21, 2022

And the taxes the Biden administration has already imposed in its disingenuously named Inflation Reduction Act (IRA) will be economically harmful in the long run. According to the Tax Foundation , “Biden’s tax plan would have a negative effect on the U.S. economy, reducing long-run GDP by 1.62

Economics 130

Economics Tax Planning Budgeting Numbers 130

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. The global tax reform is being prepared by the Organisation for Economic Co-operation and Development (OECD).

Tax Planning 49

Tax Planning Finance Economics Planning 49

Nerd's Eye View

SEPTEMBER 7, 2022

The key point, however, is that – like many tax planning strategies – tax-loss harvesting requires at least some individual attention to each client’s tax situation to ensure it is the right strategy for that client. With these three tools (i.e.,

Tax Planning 72

Tax Planning Investments Planning Sales 72

CFO Share

APRIL 5, 2022

Timely and accurate filing is critical to avoiding unnecessary tax audits. Your business tax planning should contemplate nexus events to avoid surprises. Typical events that may trigger new small business sales tax nexus include: Opening a new location. Monitor for new nexus events.

Sales 98

Sales Compliance Auditing Tax Planning 98

PYMNTS

NOVEMBER 24, 2020

The OECD forecast that the new measures could bring in an additional $100 billion in business tax revenues each year. The world economic group has cautioned against go-it-alone plans for tax reform. For its part, France has a digital-services tax plan that has not yet been implemented.

Tax Planning 56

Tax Planning Economics Finance Forecasting 56