It happens all the time. There’s a gym membership you’ve been meaning to cancel. You still subscribe to streaming channels that you don’t watch anymore. And slowly but surely, you are losing money and creating a budgeting nightmare. All those unnecessary recurring charges add up– yikes! Now imagine this scenario in the small business setting. […]
Archives for 2021
SBA streamlines forgiveness process for most PPP loans
The U.S. Small Business Administration (SBA) published new guidance Wednesday designed to simplify and speed up the forgiveness process for businesses and not-for-profits with Paycheck Protection Program (PPP) loans of $150,000 or less. The SBA also announced that it will launch a new application portal Aug. 4, allowing borrowers to apply for forgiveness directly with […]
Should you be wearing a mask again? Here’s a map of the Covid hot spots subject to the CDC’s new mask guidance
A person wears a mask while walking in Grand Central Terminal on July 27, 2021 in New York City. Spencer Platt | Getty Images The Centers for Disease Control and Prevention recommended Tuesday that fully vaccinated Americans start wearing masks indoors again in places with high Covid-19 transmission rates as nationwide infection levels are once again […]
COSO provides guidance on application of ERM to cloud computing
Enterprise risk management for cloud computing, which has emerged as an important issue for companies in an environment with numerous technological opportunities and cybersecurity threats, is addressed in new guidance issued Wednesday by the Committee of Sponsoring Organizations of the Treadway Commission (COSO). The guidance in Enterprise Risk Management for Cloud Computing uses the principles […]
5 questions for divorce planning expert Pam Friedman
In a new episode of the Financial Planning Podcast, financial advisor Pam Friedman explains why women are facing more stress than ever during the coronavirus pandemic and how planners can help. Friedman is a financial advisor, author and expert on divorce planning.Robertson Stephens. Friedman is an Austin, Texas-based principal with Robertson Stephens, an RIA with […]
Machine learning in accounting and what it means for business – Accounting Today
If you’ve ever messaged an online chatbot or asked Alexa a question, you’ve used machine learning. But do you know how machine learning in accounting can make a startup or small business’s processes more accurate and efficient? Machine learning is the application of computer algorithms to identify data patterns and use them to make more […]
It’s almost as if the rally made sense
Apple is the largest corporation on earth and, in the last quarter, their profits doubled versus the same quarter during the prior year. As my partner Barry likes to say, “Stop and think about it!” Indeed, that’s f***ing bananas. Apples. Whatever. Here’s what else Apple told us last night: EPS: $1.30 vs. $1.01 estimated Revenue: $81.41 billion vs. $73.30 […]
Can A Charitable Remainder UniTrust (CRUT) Truly Replace The Benefits Of The “Stretch” IRA?
Executive Summary In December 2019, the Setting Every Community Up For Retirement Enhancement (SECURE) Act was passed into law, bringing with it substantial changes to the laws governing retirement accounts. Of the changes, perhaps the most discussed were the revisions to the post-death distribution rules, which eliminated the ‘stretch’ provision for most non-spouse designated beneficiaries […]
FCA launches diversity consultation
The Financial Conduct Authority (FCA) has launched a consultation on proposals to improve transparency on the diversity of company boards and their executive management teams. In the consultation launched this morning, the FCA has proposed changes to its listing rules to require listed companies to publish an annual ‘comply or explain’ statement on whether they […]
COBRA premium assistance credit clarified further
In 11 questions and answers, the IRS on Monday gave additional guidance to employers, health insurers, and plan administrators on how to provide laid-off employees temporary assistance paying for COBRA continuation coverage and claim a corresponding tax credit (Notice 2021-46). In May, the Service issued Notice 2021-31, containing a set of 86 questions and answers […]