logo
Advocacy efforts by ASTA, ACTA take the stage at AMG's confab

Advocacy efforts by ASTA, ACTA take the stage at AMG's confab

Travel Weekly8 hours ago

ORLANDO -- "How many of you have had trouble collecting hotel commissions?" ASTA president and CEO Zane Kerby asked a room full of advisors at American Marketing Group's Travel Market 2025 here -- and throughout the room, advisors vocalized their agreement.
"It's a big problem," Kerby said, "and it's something ASTA has taken very, very seriously."
ASTA two years ago published a list of suppliers who pay commissions within 30 days of an advisor remitting payment. While he didn't provide further details, Kerby said ASTA is gearing up to take on the suppliers who aren't on that list.
"We're going to really start calling out those people who do not pay commissions on time, because that's a problem for the industry," he said to applause. "It's a problem for you; it's a problem for us."
Kerby was part of an on-stage discussion about advocacy alongside Wendy Paradis, president of the Association of Canadian Travel Agencies (ACTA).
Kerby highlighted some of ASTA's other advocacy efforts of late, including its battle to repeal the rule requiring the merchant of record, in some cases agents, to refund airline passengers even if they don't possess the funds; a recently won tax battle in Nebraska; and a fight against a new 11% tax on bookings for cruises in Hawaiian waters.
For Canadian agencies, a focus on tariffs
In Canada, the No. 1 issue for travel agencies is the potential impact of tariffs implemented by the U.S., Paradis said. Right now, agencies are mostly in wait-and-see mode, but the implications of tariffs could be great.
ACTA has done forecasting regarding tariffs and what would happen if they stayed in place, as is, for any length of time.
For people to travel, they need to have jobs and disposable income, and if the tariffs sap jobs and income of Canadian advisors' clients, advisor business would be affected. "Should they stay in place, the impact on Ontario and Quebec, which are the largest travel industry provinces in Canada, is much worse than the pandemic," she said.
But the effects would take "months and months to unfold," Paradis said. In the meantime, ACTA continues to advocate on behalf of Canada and the travel industry.
Travel advisors working with an older clientele will likely fare better, she said: Baby Boomers are the largest group of travelers in Canada right now, and for the most part they are empty-nesters with paid-off mortgages. Millennials and Gen X travelers, by contrast, are likely less resilient.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Surprise Video Shows Prince Harry and His Kids at Disneyland—But One Princess Lilibet Moment Made Me Do a Double Take
Surprise Video Shows Prince Harry and His Kids at Disneyland—But One Princess Lilibet Moment Made Me Do a Double Take

Yahoo

time19 minutes ago

  • Yahoo

Surprise Video Shows Prince Harry and His Kids at Disneyland—But One Princess Lilibet Moment Made Me Do a Double Take

​​We don't often get an unfiltered glimpse of Prince Harry these days—but this week, Meghan Markle shared an Instagram reel that gave us something close: a two-day Disneyland trip for daughter Lilibet's fourth birthday, complete with princess meet-and-greets, rides, cake and a surprisingly normal snapshot of family life. The video is cheerful and tightly edited, set to Peggy Lee's 'It's a Good Day.' We see Harry laughing on Space Mountain, grinning through Buzz Lightyear Astro Blasters and trailing the kids around Cars Land in a backwards cap. Faces are covered with heart emojis, but there's enough to piece together who's who. Then comes the moment that made me do a double-take. Captured by Meghan Markle via Instagram Mid-reel, Meghan leads the kids into a Frozen-themed meet-and-greet. In a later shot, Lilibet—red hair, blue cap, floral dress—is seen holding hands with Elsa. Meghan's in mouse ears. Harry's filming. And suddenly, you're watching a real princess meet a fake one. Fans called it 'a full-circle fairytale,' but really, it's just a four-year-old's birthday party—with slightly more security. To that end, the real magic may not have been at Disneyland at all. In a quieter moment from the same week, Meghan posted a snapshot of Harry and Lilibet walking barefoot through a palm-lined path—her hand steady in his. 'Daddy's little girl and favorite adventurer,' she wrote. Because at the end of the day, Meghan may be the princess, but Harry is the ultimate girl dad. Prince Harry & Princess Lilibet's Bond Is on Full Display in Meghan Markle's Brand-New IG Post PureWow's editors and writers have spent more than a decade shopping online, digging through sales and putting our home goods, beauty finds, wellness picks and more through the wringer—all to help you determine which are actually worth your hard-earned cash. From our PureWow100 series (where we rank items on a 100-point scale) to our painstakingly curated lists of fashion, beauty, cooking, home and family picks, you can trust that our recommendations have been thoroughly vetted for function, aesthetics and innovation. Whether you're looking for travel-size hair dryers you can take on-the-go or women's walking shoes that won't hurt your feet, we've got you covered.

How CPAs Should Speak To Clients As Crypto Adoption Accelerates
How CPAs Should Speak To Clients As Crypto Adoption Accelerates

Forbes

time22 minutes ago

  • Forbes

How CPAs Should Speak To Clients As Crypto Adoption Accelerates

CPAs need to be educated on crypto to better advise clients CPAs have been discussing crypto for years, but given the rapidly (and positively) changing regulatory and policy environment it seems a good time to revisit what might sound like a straight-forward question; how should CPAs approach clients about cryptoassets? While in the past CPAs could have reasonably advised clients to minimize exposure to crypto since the regulatory environment was so uncertain, bankruptcies such as FTX dominated the headlines, and price volatility seemed ingrained into the asset class. Over the last 12-18 months, however, those narratives have changed significantly, with several developments making the crypto conversation between advisors and clients much more nuanced. Positive momentum on the legislative front at the federal and numerous state levels, the proliferation of spot crypto ETFs, the relaxation of previous strict language around including crypto into 401 (k) plans, the comprehensive repayment plans announced by the FTX estate, and the successful IPO of major stablecoin issuer Circle have all contributed to a more optimistic for crypto as 2025 continues to roll forward. Despite these developments, including the actions taken by the OCC and FDIC to allow more institutions to engage with crypto operations, the tax and accounting outlook for crypto has yet to significantly shift. Let's take a look at a few things CPAs need to keep in mind when discussing crypto with clients as positive momentum continues to accelerate. Given the nearly continuous flow of positive headlines around cryptoassets and the increased frequency with which investors of all sizes are allocating funds to said assets CPAs might very well be speaking with clients who fear missing out on these returns. That said, the investing adage that past success does not indicate future performance holds equally as true for crypto as any other asset class. For example, bitcoin has traded as low as $70,000 in 2025 prior to rebounding back about $100,000 beginning in May 2025; volatility remains an embedded part of the crypto ecosystem. For CPA clients seeking to integrate cryptoassets as part of a treasury allocation, accepting cryptoassets for payment purposes, or seeking to advise external clients whether crypto is a good fit for operations the pressure to invest in crypto can be significant. A responsibility of CPAs across the board is to make sure that any and all clients interested in crypto are only investing in these assets if the assets are well understood, and are a good fit for the business model of the firm. Despite the positive changes that have permeated into the cryptoasset sector the tax ramifications of these the fact remains that taxes are an obstacle to wider utilization of crypto for business purposes. Virtually every single transaction, transformation, or exchange that involves cryptoassets will create a tax reporting and potential tax payment obligation, and this has not changed even as the usage and adoption of crypto continues to accelerate. This is especially true for individuals that engage in higher volume trading or business activities, as several changes in particular will impact businesses using crypto. Specifically, changes that are related to IRS code section 6045 and 6050I, including the pivot to a universal wallet tracking methodology, are set to complicate the accounting for crypto transactions and gains. With further changes coming to the marketplace beginning January 2026, and while DeFi broker regulations (with an effective date in 2027) have been sidelined for now, the tax conversation around crypto is far from over. CPAs are already trusted as business and tax advisors, and especially as it is connected to crypto the value that can be added to a client via improved tax information is difficult to overstate. An often repeated issue and statement that can arise with the onboarding of cryptoassets is the perception that internal controls are less important since underlying blockchains are usually perceived as immutable and unhackable. Even if the blockchain itself has proven itself resilient and impervious to hacking attempts the multitude of hacks and data breaches that have occurred in the cryptoasset sector should serve as a reminder that internal controls are always important. Specifically the recent data breach at Coinbase should be illustrative to potential users and investors in crypto; even one of the most highlight regulated and well regarded institutions in the crypto sector suffered a data breach due to social engineering attacks on certain employees. For smaller institutions or entrepreneurs looking to gain exposure to crypto the importance of establishing and improving internal controls around cryptoassets and crypto policies should be an imperative. CPAs are well versed in assisting clients in the establishment and improvement of controls and control frameworks, and the importance of controls around crypto is no different. Crypto continues to make inroads across the economic board, and CPAs need to be well-prepared to discuss these issues with clients now and going forward.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store