Recipients of Veterans Affairs benefits were added to the list of individuals who will automatically receive economic impact payments, the IRS announced on Friday (IR-2020-75). They join recipients of Social Security retirement and disability payments, Railroad Retirement benefits, and Supplemental Security Income as people who will automatically receive an economic impact payment with no further […]
Archives for 2020
How to take retroactive 100% bonus depreciation on QIP
The IRS issued procedures Friday for how taxpayers can take advantage of the recently enacted technical correction to the rules for qualified improvement property (QIP) (Rev. Proc. 2020-25). Qualified improvement property was unintentionally classified, under the law known as the Tax Cuts and Jobs Act, P.L. 115-97, as nonresidential real property, which does not qualify […]
How the COVID-19 crisis is leading to lasting change
Everywhere you turn, you hear the very real and also very bad news coming from the COVID-19 pandemic. The crisis has delivered painful and sobering impacts, starting with the loss of tens of thousands of lives in the United States and the grief associated with those deaths. People have also feared for their own safety […]
Prove your value as markets careen
Coronavirus now has the whip hand of the U.S. economy, financial markets and clients’ portfolios — for how long, no one can say. But it also presents an rare opportunity for advisors to demonstrate how they’ve prepared clients’ portfolios for an inevitable market downturn, to show how clients could potentially profit from the volatility and […]
Weekend Reading for Financial Planners (Apr 18-19)
Executive Summary Enjoy the current installment of “weekend reading for financial planners” – this week’s edition kicks off with a recap of President Trump’s three-phase “Opening Up America Again” plan, and the guidelines being put out to states and regions about when and how to re-open their economies (in stages, over time) as the coronavirus […]
Producing an online TV show in your living room: how this video production business is adapting in uncertain times
Ralph Cochrane, founder of video production company Creative Grid, is normally found live-streaming at events around the world or editing corporate videos and working on documentaries. All that changed a few weeks ago when the event industry became one of the first to go into lockdown from early February 2020. Rather than sit still, Ralph […]
Vox Media set to furlough 9% of employees due to coronavirus impact
NEW YORK (Reuters) – Vox Media, the owner of New York magazine, on Friday announced it is furloughing 9% of its workers in an effort to cut spending as the company’s revenues face the impact of the COVID-19 pandemic. The action will affect about 100 workers from May through July. About 1% of its workers […]
Paytm sets aside Rs 250 crore in ESOPs
Illustration: Rahul Awasthi Digital payments platform Paytm will offer Rs 250 crore in employee stock ownership plans (Esops) and hire more than 500 people across multiple roles. The financial services company said in a statement late on Friday that it will offer the Esops this year between its high performing employees and new hires. “This […]
Third Point posts 16% quarterly loss, plans credit fund in May
Dan Loeb’s Third Point said its bets on Prudential, Ray-Ban maker EssilorLuxottica and Sony were a drag in the first quarter and contributed to a 16% decline on investments along with a bad bet on the aerospace sector. The New York-based hedge fund has held talks with Prudential about ways to improve its performance and […]
20 Network Marketing Companies 2020 – Popular MLM Companies
Network Marketing Companies 2020 – Networking Marketing is a business model or strategy that is used by business to increase the sale. Network Marketing is adopted by MLM companies to recruit independent distributors on a commission basis. Anyone can become a Network Marketing associate and make money. Many people think that Network Marketing or MLM is […]