Executive Summary Last month, Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act, providing Americans with $2+ trillion of emergency fiscal stimulus funding in response to the economic damage caused by the Coronavirus pandemic. Part of the Act included the Paycheck Protection Program (PPP), which initially authorized up to $349 billion in forgivable […]
Archives for April 2020
Getting Started With Simple Journal Entries
Let’s face it: accounting is confusing. There are so many rules to follow and calculations to do. But, it’s one of those things you have to do for the sake of your business. So instead of diving straight into the complicated stuff, start slowly with simple journal entries. Simple accounting journal entries are relatively easy […]
Women in Tech: Female leaders to watch in 2020
In the 21st century, the tech we use defines a great deal of our lives, no matter our gender. So it’s heartening to see many of today’s top female innovators following the example of tech like Grace Hopper and Katherine Johnson — women who charged ahead and made their mark on the world of technology, […]
Landlord blasts FedEx for rent reduction request
Fed Ex change of hours and Social Distancing signage due to the COVID-19 coronavirus pandemic on March 22, 2020 in New York City. Bill Tompkins | Getty Images FedEx, citing the devastating impact of Covid-19, requested that its rent be cut in half at some FedEx Office locations for three months, a move sharply criticized […]
Former 1st Global president David Knoch returns as CEO of Docupace
When industry veteran David Knoch launched a consulting firm in February after stepping down as president of Blucora’s Tax Smart Institute, he said it was to keep himself occupied while seeking a permanent role where he could “make a meaningful difference” to wealth management. That role turns out to be chief executive officer of Docupace, […]
Millions of Brute-Force Attacks Hit Remote Desktop Accounts
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CARES Act QIP change requires action
Before the enactment of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, P.L. 116-136, prior law required qualified improvement property (QIP) placed in service subsequent to Dec. 31, 2017, to use a 39-year tax life, and the property was not eligible for bonus depreciation. The CARES Act retroactively changed this recovery period to 15 […]
SBA to accept PPP loans only from smallest lenders for 8 hours today
The smallest lenders and their small business clients will have an exclusive opportunity to submit applications for Paycheck Protection Program (PPP) loans to the U.S. Small Business Administration (SBA) from 4 p.m. to 11:59 p.m. ET today, according to an SBA lending operations update. During this eight-hour period, the SBA systems will accept loans only […]
Big crude oil fund had $726 million in unrealized losses before April
BOSTON (Reuters) – The United States Oil Fund (USO.P) was sitting on more than $700 million in unrealized losses at the end of March, several weeks before the market fully grasped the outsized role it would play in this month’s unprecedented collapse in the price of front-month oil contracts. U.S. crude oil futures plunged to […]
Student Loans Have Not Stopped Millennial Home Buying
Michael had Logan Mohtashami on The Compound to talk about everything we know right now about the housing market, and how the impact of COVID-19 might play out this year. Logan said something that I think would be considered very provocative in some circles, about how the student loan “crisis” or affordability problem is mostly […]