If you’ve been keeping up with the news, you know that the IRS began sending out Economic Impact Payments to qualifying recipients. These stimulus checks will go out in a few rounds, so don’t panic if you weren’t included in the first send-off. Economic Impact Payments: Q&A An Economic Impact Payment is a government-issued stimulus […]
Archives for 2020
This Is Your Time to Show Your Value
How are you doing? Are you all right? It’s my sincere hope that you and your loved ones are well and safe at home. These are tough times, and the scope of the current situation—the market decline, the pandemic, the school closures, the shelter-in-place orders—is really without precedent. You are financial advisers, but you’re human, […]
Amazon founder Jeff Bezos details plan to fight Covid-19
Amazon founder Jeff Bezos highlighted various measures the e-commerce giant is taking to address the Covid-19 crisis in the company’s annual shareholder letter for 2020 on Thursday. Here are some key steps taken by the world’s largest online retailer: Removed 0.5 million offers due to COVID-based price gouging and suspended more than 6,000 selling accounts […]
The Next Leg Down Will Involve Credit Cards
This is my opinion, knowing as much as you do about the timetable for reopening the economy and reading the same articles you are about unemployment and such. I think the next leg down for the economy and stock market will center around credit cards. It’s easier to let a credit card loan go delinquent […]
Pandemic alters lease accounting landscape – Journal of Accountancy
In addition to causing enormous disruption to health, safety, and the economy across the globe, the coronavirus pandemic has significantly altered the landscape for CPAs related to the lease accounting standard. The changes include a potential effective date delay of FASB’s new lease accounting standard for certain entities, including private companies; a monumental increase in […]
SSI recipients to receive stimulus payments; dependent payments require extra step
The IRS announced Wednesday that it will automatically send recipients of Supplemental Security Income (SSI) their $1,200 economic impact payments with no further action needed on their part (IR-2020-73). The IRS said those payments will go out no later than early May. The IRS said it took weeks of cooperative work between the Social Security […]
Facebook displayed warnings on 40M posts related to Covid-19 in March
Facebook displayed warnings on about 40 million posts on the platform related to Covid-19, based on around 4,000 articles by its independent fact-checking partners during the month of March. Facebook said that when people saw those warning labels, 95% of the time they did not go on to view the original content. To date, the […]
Myntra launches original fashion content to drive customer engagement amid lockdown
Flipkart-owned Myntra will daily upload celebrity and influencer led fashion content on its app to drive customer engagement in the wake of Covid-19 lockdown. The fashion etailer has partnered with 350 influencers and brands to develop in-house content with a shoppable function allowing users to like and save their favourite looks to wishlist while viewing […]
Streaming TV Fraudsters Steal Millions of Ad Dollars in ‘ICEBUCKET’ Attack
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ETtech Top 5: Online retailers gear up for April 20, startups count on celebs & more
Hello everyone, As we all wait for the weekend, not that it’s going to be any different, e-commerce firms will be gearing up to resume full operations from Monday. But before you place an order for a non-essential item, you might want to check whether your living in a containment zone. Illustration: Rahul Awasthi Red, […]