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Jun 26, 2024 | 
portfolio.bisanet.org | Logan Hickman |Edward B. Hayes |Leo Almazora
Financial services is a noble industry. We help people prepare for some of life’s biggest moments and transitions: marriage, children, a first home, retirement, aging with dignity and the passing of one’s life savings to the next generation, to name a few.
Still, we must ask ourselves, who are we helping and who might we be leaving out? And do we share the background and lived experiences of the population we aim to serve?
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Jun 24, 2024 | 
portfolio.bisanet.org | Leo Almazora |Logan Hickman |Edward B. Hayes
Cetera Financial Group named Gwen Weithaus as the new chief compliance officer (CCO) for Cetera Investment Services. Weithaus brings over three decades of experience in the financial services industry. Prior to Cetera, she was vice president of wealth risk and controls at Northwestern Mutual.
Read the full article on InvestmentNews
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Jun 20, 2024 | 
portfolio.bisanet.org | Paul Mulholland |Logan Hickman |Edward B. Hayes |Leo Almazora
The U.S. Department of Labor (DOL) answered one of two open lawsuits in the federal courts challenging the Retirement Security Rule on June 14. The regulator’s first response in court argued that the new rule is compliant with existing case law and is substantially different from a 2016 regulation that was vacated by the U.S. 5th Circuit Court of Appeals.
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Jun 20, 2024 | 
portfolio.bisanet.org | Leo Almazora |Logan Hickman |Edward B. Hayes
MyVest entered a new partnership with Income Discovery, a leading retirement income platform, to bridge the gap between retirement planning and execution. The partnership will integrate MyVest’s Strategic Portfolio System and Income Discovery’s Paycheck solution to provide a more cohesive approach to retirement income management.
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Jun 20, 2024 | 
portfolio.bisanet.org | Tracey Longo |Logan Hickman |Edward B. Hayes |Leo Almazora
The number of investment advisors reached an all-time high last year, as did total employment in the sector, while assets under management also increased substantially, according to study by the Investment Adviser Association (IAA) and consulting firm COMPLY. Asset management clients also showed continued growth, with the industry working with 56.7 million clients in 2023, a 4.4% increase over last year. The number of total clients also increased by 3.5% over last year.
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Apr 11, 2024 | 
taxjournal.com | Heather Self |David Whiscombe |Carrie Rutland |Edward B. Hayes
Corporate Intangibles Research And Development Manual Updated: CIRD220130 CIRD220450 Amended to confirm that income arising from Audio Visual Expenditure Credits or Video Games Expenditure Credits is excluded from the Patent Box regime.
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Apr 10, 2024 | 
taxjournal.com | David Whiscombe |Heather Self |Carrie Rutland |Edward B. Hayes
When you spend £20m on a property, it’s worth exploring every avenue that might have a prospect of leading to SDLT being charged only at non-residential rates. And, as we have explained before, that requires only that the purchase includes some element (however small) which doesn’t meet the description of ‘dwelling-house’ or ‘garden or grounds’ of one.
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Apr 10, 2024 | 
taxjournal.com | Mark Bevington |Angela Browning |Edward B. Hayes |Helen Adams
HMRC have updated the 2024/25 version of its CWG2 employer guide to PAYE and NICs to note the following:tax-free lump sums over £30,000 paid to employees who cannot work due to disability, injury or ill health no longer need to be reported to HMRC (also reflected in the 2023/24 edition);the new rules around reporting salary advances have been added; andthe latest rates of NICs have been updated as necessary throughout. HMRC have also published the 2024/25 edition of its guide CA44 .
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Apr 10, 2024 | 
taxjournal.com | Heather Self |David Whiscombe |Carrie Rutland |Edward B. Hayes
When I got married, a very long time ago, my husband was (at least in theory) responsible for my tax return. But since 1990, we have had independent taxation, so that married women (and now, civil partners of either sex) have their own allowances and are responsible for their own tax affairs.
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Apr 10, 2024 | 
taxjournal.com | Mark Bevington |Angela Browning |Edward B. Hayes |Helen Adams
The Welsh Government is consulting until 19 May 2024 on proposals to abolish land transaction tax multiple dwellings relief (MDR) in Wales, following the equivalent change in England with the removal of SDLT MDR from 1 June 2024. The change would have effect in Wales from the same date, or ‘as soon as possible thereafter’. The proposal, says the Welsh Government, is ‘precipitated’ by the likely impact on the Welsh Block Grant of the decision to abolish SDLT MDR in England.
