Small businesses and sole proprietorships affected by the coronavirus pandemic can apply for loans under the federal Paycheck Protection Program (PPP) beginning Friday. Starting April 10, independent contractors and self-employed individuals can apply. The application can be found here on the Treasury site, along with details for borrowers and lenders. Treasury urged those in need […]
Archives for March 2020
Here’s what to do if clients need to postpone retirement
Welcome to Retirement Scan, our daily roundup of retirement news your clients may be talking about Here’s what to do if clients need to postpone retirement due to coronavirusSeniors who are one or two years away from retirement may have to postpone their plans especially if their savings have dwindled because of the coronavirus crisis, […]
Recovery rebate payments to be issued within 3 weeks
The IRS announced Monday that most qualifying taxpayers will receive recovery rebate payments enacted by the Coronavirus Aid, Relief, and Economic Security (CARES) Act, P.L. 116-136, automatically within the next three weeks without having to take any action (IR-2020-61). According to the IRS, some seniors and others who typically do not file returns will need […]
Stop Running and Start Planning for Productivity
As a productivity coach for financial advisers, I find it ironic that many advisers plan for their clients but not for themselves. When I say they don’t plan, I mean they don’t plan for the day, the week, the month and certainly not for the year. So of course, planning out five to 10 years […]
How to withdraw EPF money online amid COVID-19 outbreak?
You can withdraw EPF money online amid the COVID-19 outbreak. As per the new EPF rule, EPF subscribers can withdraw 75% of your EPF balance or three-month wages whichever is lower. This withdrawal is non-refundable in nature. It is also known as advance EPF withdrawal. It is very easy to withdraw EFP money online. You […]
Irate Amazon users vent online about delayed deliveries
Illustration: Rahul Awasthi Faced with delays or cancellation of orders of essential items, customers have taken to social media to criticize Amazon India in the past one week, after India imposed a 21-day nationwide lockdown to counter the Covid-19 virus outbreak. The essentials, such as staples, fast-moving consumer goods and other household items, were ordered […]
Availability of essential goods improve across online and offline channels: Survey
The availability of essential goods has improved across offline retail stores and online platforms, one week into the 21-day nation-wide lockdown ordered by Prime Minister Narendra Modi, according to a survey by LocalCircles in collaboration with the Department of Consumer Affairs. For the two-day period of March 30-31, availability of essentials at offline stores improved […]
Covid-19 global roundup: Amazon workers unrest, Social media crackdown & more
Amazon, Instacart workers protest Workers of e-commerce giant Amazon and US grocery delivery firm Instacart are on strike over concerns about safety and meagre paychecks amid the coronavirus crisis. #BREAKING: Over 100 Amazon employees at JFK8 warehouse walk off the job over @amazon’s dangerous response to protec… https://t.co/f2RjMEXdxu — Make the Road NY (@MaketheRoadNY) 1585587945000 […]
Social media firms ask creators to make ‘at home’ videos during lockdown
Sameeksha Sud, a popular TikTok creator with over 20 million followers on the short-video platform, has started making all her videos inside her home. Sud is known for her short dance videos but now her focus is on making comedy vines and videos. “There is an environment of tension around so I am trying to […]
Piyush Goyal meets CEOs of e-commerce firms to take stock of supply chain issues
Commerce and Industry Minister Piyush Goyal on Tuesday took stock of the improvements in supply of essential goods by e-commerce platforms, logistics providers and large retailers, a week into the 21-day nationwide lockdown to combat the spread of COVID-19. Goyal, in the meeting with CEOs from firms such as Flipkart, Snapdeal, Grofers, BigBasket, Delhivery, Amazon […]