• Business Accounting

    The 6 Best Accounting Firms of 2021

    Best Overall: inDinero  inDinero inDinero blankets its clients with a wide range of accounting services, an easy-to-use platform, access to in-house experts, and a dedicated customer support team, making it our choice as the best overall accounting firm. Pros Extensive array of services Easy-to-use dashboard Great customer support Mobile app Cons Base package is slightly on the expensive end of the spectrum Lack of advanced features such as time-tracking and project manager Since its founding in 2009, inDinero has been perfecting its offering of an all-in-one accounting service for small businesses. In addition to one of the widest arrays of  

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  • Loans With Collateral

    Babel Finance Is Letting Crypto Mining Firms Use Machines as Loan Collateral

    Babel Finance is letting bitcoin mining firms put up their machines as loan collateral so the lender can offer them better terms. The loan-to-value ratio (LTV) for these loans is 30{de3fc13d4eb210e6ea91a63b91641ad51ecf4a1f1306988bf846a537e7024eeb}, in part because Babel keeps the freshly mined crypto until the borrower pays back the loan. The LTV is significantly cheaper than the 160{de3fc13d4eb210e6ea91a63b91641ad51ecf4a1f1306988bf846a537e7024eeb} Babel normally charges, which means borrowers would need to put up $1.6 million worth of bitcoin in order to borrow $1 million in U.S. dollars.  In a bull market miners are increasingly uneasy parting ways with mined cryptocurrency. These loans allow the miners to cover  

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  • Financial Management

    Avoid These Pitfalls When Adding Financial Planning Services to Your Firm’s Offerings

    Our last article highlighted multiple reasons why it is logical and advantageous to add financial planning services to your firm’s offerings. So, after you decide to take the plunge and add financial planning services, what is the best approach to implement them? There are several structures for adding financial planning services to your firm’s current services. For example, you can handle everything in-house or partner with a financial planning firm to provide services. Both methods can work well; it’s a matter of determining what organizational structure will work the best for you and for your clients. [This article is part  

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  • Business Accounting

    HK Financial Services Rebrands as Avantax Planning Partners, Keeping the Same Powerful Value Proposition for Accounting Firms

    HK Financial Services (“HKFS”), a fast-growing, CPA-focused registered investment advisor (“RIA”), has been rebranded Avantax Planning Partners and will operate alongside Avantax Wealth Management. The combined companies offer unique, flexible affiliation models, with the RIA model being particularly attractive to mid-size to large accounting firms. The acquisition of HKFS in July 2020 by Blucora, Inc. the parent company of Avantax, added an attractive model for accounting firms looking to holistically serve their clients with the addition of wealth management services. Under its new brand, Avantax Planning Partners will continue its legacy of offering a turnkey wealth management program for  

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  • Loans With Collateral

    PPP loan approvals to resume Monday for some small firms, nonprofits

    The Paycheck Protection Program will resume Monday with federal officials starting to approve applications for the forgivable loans submitted by banks and other private lenders. The U.S. Small Business Administration, which oversees the coronavirus-relief program, said it will initially review only applications from businesses and nonprofits in low-income neighborhoods. Among these groups, first-time borrowers will be considered starting Monday followed by those seeking second PPP loans, starting Wednesday. “To promote access to capital, initially only community financial institutions will be able to make loans,” SBA officials said last week. “The PPP will open to all participating lenders shortly thereafter.” All  

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  • Business Marketing

    Tech, marketing firms make the business case for diversity – Human Resources & Education

    Karen Craggs-Milne, head of anti-racism, diversity, equity and inclusion at Thoughtexchange |  Submitted Tammy Tsang and her fellow co-founder had two years of prep ahead of them leading up to the spring 2020 launch of their marketing agency, one aimed at targeting demographics too often overlooked or marginalized in most marketing and communications campaigns in Canada. “What we were doing was actually collaborating and learning from DEI [diversity, equity and inclusion] experts at that time, and we didn’t want to launch until we felt our internal team were experts,” said the brand value strategist at AndHumanity (a subsidiary of My  

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  • Business Accounting

    Arkansas Accounting Firms Announce Mergers | Arkansas Business News

    We were unable to send the article. Five Arkansas certified public accounting firms say they merged their companies on Jan. 1 to form Garland & Greenwood CPAs and Advisors PLLC. In a separate transaction, Landmark, with four offices in Arkansas, merged with an Arizona CPA firm which also took effect on Jan. 1. The five Arkansas firms that merged to form Garland & Greenwood are FDV|CPA and Consulting Services PLLC of Bentonville, Gasaway & Company CPAs of Little Rock, Mcllroy.Keen.Goodman LLP of Little Rock, Prince & Tuohey CPA of Hot Springs and Robert G Schichtl II CPA of Conway. Jake  

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  • Finance

    Low Taxes and High Temperatures Lure Finance Firms to Miami

    MIAMI—This city has long pitched itself as an attractive location for finance and tech firms, with its tax advantages, flight connections to New York and cosmopolitan flair. Its efforts appear to be paying off. Private-equity giant Blackstone Group Inc. unveiled plans in October to open an office in the city to serve its internal technology needs that will eventually employ 215 people. Billionaire financier Carl Icahn moved his company to nearby Sunny Isles Beach earlier in 2020. Real-estate investor Starwood Capital Group is building a sleek new 144,000-square-foot headquarters in Miami Beach. Goldman Sachs Group Inc. is eyeing the region  

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