Month: June 2021

Robinhood will pay roughly $70 million in penalties for its systemwide outages and misleading communication and trading practices, the Financial Industry Regulatory Authority said Wednesday. The settlement regards the technical failures Robinhood experienced in March of 2020, Robinhood’s lack of due diligence before approving customers to place options trades and purveying misleading information to customers
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The holiday weekend is almost upon us and many are getting ready for a weekend of family and celebration. Independence Day means firing up the barbecue, setting off fireworks, enjoying cold drinks, and wearing flag paraphernalia. It also means spending big: last year, Americans spent $6.52 billion for the Fourth of July. This year, after
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The tax proposals contained in the Biden administration’s fiscal year 2022 budget, including the American Families Plan (AFP) and American Jobs Plan (AJP), would levy $2.3 trillion in new taxes on high-income earners and businesses and provide $998 billion in refundable tax credits to low- and middle-income households, for a net tax increase of $1.3
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Friedman LLP headquarters in New YorkCourtesy of Friedman LLP Details: Friedman LLP, a New York-based firm, is integrating Bohlmann Accounting Group, a firm based in Miami, effective July 1. The merger will expand Friedman’s footprint in Florida, while also growing service areas offered by both firms, such as tax planning, transaction advisory and assurance services.
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In this article ZM 6694.T-JP Charlie Munger, vice chairman of Berkshire Hathaway, revealed he is fond of Zoom, saying the videoconferencing software will keep thriving even as life goes back to normal after the pandemic. “I have fallen in love with Zoom,” Munger said during an interview with Becky Quick on CNBC’s special “Buffett & Munger:
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Jose Luis Pelaez | Getty Images Investors who want to capitalize on emerging trends — i.e., electric vehicles or remote work — may want to check out “thematic” exchange-traded funds. These ETFs provide a way for investors to engage in so-called thematic investing, which generally means buying stocks or other investments that may benefit from
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Better enforcement; for fans of tax crime; partner sabbaticals please; and other highlights from our favorite tax bloggers. Hot topics Taxbuzz (https://www.taxbuzz.com/blog): Partisan bickering over tax rates is a constant, but when five of the nation’s former Treasury secretaries agree on something, it’s time to take notice. In response to reports of enormous disparities between
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Mary Erdoes Adam Galica | CNBC JPMorgan Chase wants to take the sustainable-investing trend to the next level. To do that, the biggest U.S. bank by assets has agreed to buy OpenInvest, a San Francisco-based start-up backed by Andreessen Horowitz and founded by former Bridgewater Associates employees, CNBC has learned exclusively. It’s the third acquisition
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Table of Contents Key Findings Thirteen states have notable tax changes taking effect July 1, 2021. Indiana has the lone corporate income tax rate change, with the rate decreasing from 5.25 to 4.9 percent. Montana will begin using a corporate income tax apportionment formula with a double-weighted sales factor. Idaho will offer a one-time individual
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