Decentralized finance (DeFi) is a term used to encompass a growing number of financial services provided on blockchain platforms (mainly Ethereum). The DeFi industry has been becoming increasingly attractive thanks to its appealing premise allowing transactions to be carried out between peers without financial intermediaries, such as banks. Instead, the transacting parties “trust” smart contracts, which are self-executing software codes performed on a public blockchain, and as such fully visible by anyone and transparent. The revolutionary potentialities are limitless...

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New legislation proposes to terminate the $7,000 credit per employee for the fourth quarter of 2021 for qualifying organizations. Key insights The Employee Retention Credit may terminate after September 30, 2021. Recovery startup businesses would still qualify to claim the credit for the fourth quarter of 2021. A second bill dealing with “human” infrastructure may reinstate the credit for the remainder of the year, but there is no guarantee. Update: This article was originally published on August 2, 2021. It was...

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The Biden administration will be easing travel restrictions on all fully vaccinated international travelers for air travel and land border crossings effective November 8, 2021. As previously confirmed with the Centers for Disease Control and Prevention (CDC), only the vaccines that are approved or authorized by the Food and Drug Administration or listed for emergency use by the World Health Organization will be accepted for air travel. Reports indicate that the administration anticipates the same will be true at...

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New York, October 1st, 2021 | Aimlon CPA P.C. unveils its new brand identity. Designed around strong human and professional brand values – technical expertise, professionalism, sincerity, transparency, approachability – it reinforces the Firm’s French and U.S. expertise in tax, audit, and accounting. The new brand identity and positioning reflect the Firm’s ability to support our clients to build and preserve wealth, and to grow their business sustainably. The A shape emblem, a clear symbol for the Aimlon CPA P.C. brand...

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New game-changing fintech firms and expanding team capabilities combine to keep USAM moving forward. NEW YORK – October 19, 2021 – USAM Group, the distinctive provider of sales, marketing, and advisory services to growth-stage financial technology innovators, is proud to announce the expansion of our client portfolio and our staff, to the benefit of fintech buyers and sellers alike. New Fintech Firms We’ve added 5 exceptional products that help financial institutions make money, save time, avoid risk – and even go greener!...

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The United Kingdom's National Security and Investment Act (NSI Act) is scheduled to come fully into force on January 4, 2022. The NSI Act will create a new framework for the UK government to review so-called "trigger events," which include acquisitions and investments in which one party acquires "control" of a qualifying entity or a qualifying asset on national security grounds. Acquirers in certain trigger events will be obligated to notify and obtain clearance from the UK government prior...

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The advantages of outsourcing business functions are now widely apparent in the sector. Here’s what you need to know. Over the past two decades, the benefits of outsourcing have become so evident across many industries that the strategy has evolved from nice-to-have to must-have. Indeed, the absence of outsourcing in an organization can raise questions about transparency and efficiency. Interest in outsourcing within the real estate industry began roughly 10 years ago but is only recently catching on. You can’t exactly...

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The EACC, in partnership with the International Property Tax Institute (IPTI), wants to keep its members up to date with the latest developments in property taxes in the USA and Europe. IPTI has put together below a selection of articles from IPTI Xtracts; more articles can be found on its website (www.ipti.org). UNITED STATES Tricky Issues Impact Shopping Center Property Taxes Property tax assessments of shopping centers and other retail real estate may not capture the full extent of value losses those...

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In this week’s Roar, we now have 24/7 operations at the Port of Los Angeles, the Port of Oakland’s attempts to increase traffic, the EU’s proposals to decrease Northern Ireland border checks, lengthy Asia-North Europe arrival delays, and a “superhot” airfreight market.  Despite extending its hours back in September, the Port of Los Angeles is finally preparing to move to a 24/7 operation. This transition comes after a string of reports suggesting “the extended hours had not reached their potential due...

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RSM World of IFRS summarises key matters arising from recent IASB discussions and decisions, highlights RSM thought leadership from around the world, and addresses an IFRS application question each month. Latest matters from the international accounting standards board (IASB) The following is a summarised update of key matters arising from the discussions and decisions taken by the IASB at its remote meetings on the following dates: 22-23 June 2021 20-21 July 2021 The full update, as published by the IASB, can be found here. MAINTENANCE AND...

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