Remove Accounting Remove Compliance Remove Math
article thumbnail

Why Gen 2 Advisors Are a Flight Risk

Wealth Management

Podcasts & Videos CE Webinars Research Newsletters Subscribe Subscribe News Related Topics RIA IBD Wirehouse RPA Insights & Analysis Regulation & Compliance Career Moves Recent in News See all Resonant Capital Advisors CEO and President Benjamin Dickey RIA $2.2B Resonant Capital Merges with Tax, Accounting Firm QBCo $2.2B

article thumbnail

What Triggers an IRS Audit?

Harness Wealth

An IRS audit is a formal review of your financial records to verify their accuracy and compliance with tax laws. Math errors and typos Minor mathematical errors and typos can disrupt the IRS’s automated processing systems and can result in discrepancies that can flag your return for manual review.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Filing Taxes with Multiple Income Streams: RSUs, K-1s, Freelance, and More [Updated for 2025]

Harness Wealth

Self-employment tax calculations and considerations When examining the math behind self-employment taxes , the total 15.3% Maintaining distinct bank accounts and credit cards for each business activity creates clear boundaries and simplifies expense tracking throughout the year. rate is comprised of two components: 12.4%

Taxes 52
article thumbnail

Transcript: Jonathan Clements

The Big Picture

But the numbers you can’t argue with, I mean, we all know that the brutal math of investing before costs investors collectively will earn the market return after costs. You just needed a brokerage account. I got a, a new will, powers of attorney, I closed accounts so that there, there are fewer accounts for my family.

Investing 144
article thumbnail

Bracketology (2025 Edition)

The Better Letter

Duke math professor Jonathan Mattingly claimed the average college basketball fan has a far better chance of achieving bracket perfection than one in 9.2 That’s why your office pool can be won by Janice in Accounting who has never seen a game and picks her winners based upon team colors 3 and mascots. quintillion. trillion.

Numbers 76
article thumbnail

The Independent Alpha: Making the Breakaway Math Add Up

Diamond Consultants

For instance, they bill on ALL assets (including 401ks not custodied at their firm) and get paid on all accounts regardless of size. Likewise, they spend more time with clients and focus on growth with less red tape and time fighting compliance than they might have in the wirehouses.

Math 52
article thumbnail

Transcript: Linda Gibson, CEO PGIM Quantitative Solutions

The Big Picture

She has a really fascinating background, very eclectic, a combination of math and law. You, you get a, a BS in Mathematics and a JD from Boston University Math and Law. It is something, math has always come easy to me since a child. I didn’t get an advanced degree in math. Not the usual combination. What happened?

Math 130