Financial records appear to show Ivanka Trump got ‘consulting fees’ to reduce father’s tax bill

President Trump’s tax filings show that since 2015, business has been booming at his Mar-a-Lago club in Palm Beach, Florida, thanks to an influx in new members and an initiation fee increase that went into effect when Trump was inaugurated in January 2017, The New York Times reports, citing Trump tax records covering more than two decades.

The Times found that when Trump announced he was running for president in 2015, Mar-a-Lago became inundated with new members. In 2014, the club earned $664,000 in initiation fees, and that number went up to just under $6 million in 2016; in January 2017, Trump doubled the cost of initiation.

The Internal Revenue Service says that for a business expense to be deducted, it must be “ordinary and necessary.” Business expenses at Mar-a-Lago for 2017 included $109,433 for linens and silver, $197,829 for landscaping, and $210,000 for event photography. The tax returns also

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Tips for a financial self care routine

Money is a major cause of stress. You might be worried about not having enough money, not managing it well, not saving enough, or losing it in bad investments. It might seem that you’re always thinking and worrying about money. This is why you need a financial self-care routine.

When we think about self-care, most of us thing about getting adequate sleep, eating a healthy diet, exercising, relaxing and building healthy relationships. But one aspect of self-care is often overlooked: financial self-care.

When you neglect your physical, emotional and mental health, your stress levels are likely to skyrocket. Your immune system weakens, you have trouble sleeping, your mood tanks, and your relationships begin to fray.

All these can snowball into larger problems and even life-threatening health conditions.

It’s no different when it comes to neglecting financial self-care. Not having a regular financial self-care routine can lead to overspending, failed investments,

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Blossomhill Investment Limited Helping Clients Achieve Financial Aspirations

Blossomhill Investment Limited Helping Clients Achieve Financial Aspirations

Blossomhill Investment Limited, an international investment management company based in Hong Kong, continues to help clients in Hong Kong and beyond make the most of their financial aspirations using their customizable and tailored portfolios.

CENTRAL HONG KONG, HONG KONG – September 25, 2020 – Investment management company, Blossomhill Investment Limited, has earned many positive reviews for helping businesses and individuals achieve their financial goals.

Blossomhill Investment Limited’s much-revered success has been attributed to its use of a customized investment portfolio tailored to suit the varying need of its clients. Using its perfect blend of experience and knowledge, the company strives to offer its clients the most excellent financial services with regard to business and investments.

Many happy clients have applauded the team at Blossomhill for their dedication to helping customers plan out unique and market-ready concepts. Ideas and project ideas from the stables of Blossomhill have a knack for

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Pinnacle Financial Partners crosses $2 billion in deposits in Knoxville

Pinnacle Financial Partners crosses $2 billion in deposits in Knoxville

KNOXVILLE, TN, Sept. 22, 2020 – Pinnacle Financial Partners has grown its deposits in the Knoxville MSA to more than $2.1 billion as of June 30, 2020, according to new data from the Federal Deposit Insurance Corporation (FDIC), the first time the firm has been over the $2 billion mark in Knoxville.  

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During the 12 months ended June 30, 2020, Pinnacle grew local deposits by 27.7 percent to $2.1 billion, adding $464.2 million in deposits in that period for 10.6 percent of total deposit market share. Pinnacle moved up to No. 4 in the market in terms of deposits in 2019 and retained that position in 2020. 

“Pinnacle’s entire Knoxville team has been focused intently on gathering deposits, and their success is evident in the double-digit growth rate,” said Mike DiStefano, Pinnacle’s Knoxville president. “Our clients are attracted

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Finance lawyer publishes a collection of Financial Fairy Tales

ABU DHABI, U.A.E., Sept. 24, 2020 /PRNewswire/ — Finance lawyer Erik Vrij is crowdfunding ONE BILLION AND ONE DIRHAM – FINANCIAL FAIRY TALES. The hardcover book contains a collection of some 20 mostly world famous fairy tales, turned into a financial setting: Al Alim Bank and the Magic App, Black Monday and the Seven Crises, Sin-Bad the Bond Salesman, Baron von Büllmarkt’s Incredible Investments and more.

The book is aimed at being an entertaining (relationship) gift for any finance professional. The fairy tales touch on investment management, banking, fintech, cash management, trade finance, insurance, risk management, legal, compliance, tax and more. Backers of the crowdfunding project may have a different name of choice printed in the book, for each book obtained as ‘reward’ for their financial support. Books are available as Reward for EUR 25 per book, or less for larger quantities.

A custom designed embossed dust jacket (wrap

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Financial planners say their clients share 4 major money regrets

Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, like American Express, but our reporting and recommendations are always independent and objective.

  • I talked to three financial planners and asked them what their clients say they wish they’d done with their money when they were younger. 
  • One financial planner said his clients wish that they’d started investing and saving for retirement sooner, since starting early often means a larger balance later.
  • Another financial planner finds that his clients regret spending or taking on debt for status symbols, like luxury cars.
  • Two financial planners say their clients wish they’d spent more on things they enjoy, like travel or family and friends, instead of being so aggressive about saving.
  • Want to learn more about financial planners? Get Personal Finance Insider’s “Guide to Financial Planners”
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New York beats London as top financial centre in the world

Hubs in North America, fell by an average of 9 points, or 1.3%, reflecting the least change in ratings across all sectors. Photo: Getty
Hubs in North America, fell by an average of 9 points, or 1.3%, reflecting the least change in ratings across all sectors. Photo: Getty

New York has topped the Global Financial Centres Index (GFCI), while London retained the second spot, but the capital made some ground closing the gap between the two, gaining 24 points leaving only a four point difference.

Meanwhile, Shanghai overtook Tokyo beating it to the third place, with a one point difference. Hong Kong and Singapore took 4th and 5th place respectively. Beijing, San Francisco, Shenzhen and Zurich rounded up the top 10 on the latest index. Los Angeles and Geneva dropped out the top 10, replaced by Shenzhen and Zurich.

Within the top 30 financial hubs, Luxembourg, Boston, Seoul, and Madrid rose by more than five places.

The top 30 global financial centres ranked in the 28th Global Financial Centres Index. Graphic: Z/Yen
The top 30 global financial centres ranked in the 28th Global Financial Centres Index. Graphic: Z/Yen

Financial centres

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I live by a 3-part spending rule as a financial planner

Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, like American Express, but our reporting and recommendations are always independent and objective.

The concept of giving first, saving next, and spending last has been touted by many financial publications, and is a concept that I personally live by. In fact, it’s the best money advice I’ve ever received. It provides me a sense of priority and balance between generosity to others, achieving my own financial goals, and enjoying life.

Here’s how I make it work.

Being generous to others

Generosity means different things to different people. Some people focus on giving to charity on a regular schedule, whereas others might just give every once in a while. Some people give to their church or a charity/organization with a purpose close to their

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China Finance Online Reports 2020 Second Quarter and First Six Months Unaudited Financial Results

BEIJING, Sept. 24, 2020 /PRNewswire/ — China Finance Online Co. Limited (“China Finance Online”, or the “Company”, “we”, “us” or “our”) (NASDAQ GS: JRJC), a leading web-based financial services company that provides Chinese retail investors with fintech-powered online access to securities trading services, wealth management products, securities investment advisory services, as well as financial database and analytics services to institutional customers, today announced its unaudited financial results for the second quarter and first six months ended June 30, 2020.

Second Quarter 2020 Financial Highlights and Recent Development

  • The bottom line losses continued to narrow.

  • Net loss attributable to China Finance Online was $1.5 million, compared with a net loss of $3.0 million in the second quarter of 2019 and a net loss of $1.9 million in the first quarter of 2020.

  • Net revenues grew 9.2% year-over-year to $9.7 million.

  • Revenues from the financial information and advisory

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EasySend Raises $16M to Enable Insurance Companies and Financial Institutions to Build a No-Code Digital Future

The investment will empower insurance companies, banks, and other financial institutions to build and optimize digital journeys with an AI-powered no-code platform

Tel Aviv, Israel – September 24, 2020 – EasySend, the no-code AI-powered platform transforming manual processes into digital journeys, today announced it has raised $16 million in funding following the completion of an $11 million Series A round led by Hanaco with participation from Intel Capital. The investment follows a previously undisclosed $5 million seed round from existing investors Vertex Ventures and Menora Insurance and will enable the company to double its current staff across its offices, optimize its product development and expand its customer base in the U.S., Europe, and Asia.

Regulated industries such as insurance, banking, and other financial services still rely heavily on manual, paper-based forms for sales processes and customer interactions including claims, policy issuance, customer onboarding, document submission, and remote servicing. EasySend’s no-code

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