If you’re like many small business owners and advisors, you’re probably facing unprecedented changes to your payroll as a result of COVID-19. Whether you’re applying government subsidies and relief packages, calculating new sick pay and leave entitlements, or standing down large numbers of staff, staying up-to-date on the latest changes can be overwhelming. Our payroll […]
Archives for April 2020
Cash flow apps to support small business
During these challenging times, we’re actively looking for ways to make things easier for our small business community. Millions of customers rely on Xero every day to help run their businesses online. And alongside us, is our 800 strong community of app partners that are also committed to supporting our shared customers. More than ever, […]
PTIN fee will be lower when it is reinstated
News Procedure & Administration By Sally P. Schreiber, J.D. {:else} {timeSince} {/if} {@if cond=”{isCGMA}”} {:else} {/if} {/.} The IRS issued proposed regulations (REG-117138-17) that would lower the user fee it charges for new and renewal preparer tax identification numbers (PTINs). The new fee would be $21 plus a $14.95 fee paid directly to a third […]
IRS launches website for tracking stimulus payments
The IRS announced Wednesday the launch of its “Get My Payment” website, which permits taxpayers to check on the date they can expect to receive their economic impact payment and update their direct deposit information (IR-2020-72). It is similar to the “Where’s My Refund?” website that allows taxpayers to check the status of their refund […]
Financial Planning Research Highlights From The 2020 CFP Board Academic Research Colloquium
Executive Summary From February 20th through February 22nd, the CFP Board’s Center for Financial Planning hosted its third annual Academic Research Colloquium (ARC) for Financial Planning and Related Disciplines in Arlington, VA, to share and discuss research relevant to the financial planning profession. This year’s event saw a sharp decline in attendance, down about 35% […]
Weekly mortgage applications rise as rates drop to survey low, but it’s all refinances
A house for sale in Sarasota, Florida Scott Mlyn | CNBC Despite wider-than-usual daily swings last week, mortgage rates dropped to the lowest level ever in the Mortgage Bankers Association’s weekly survey, causing yet another rush to refinance. Total mortgage application volume rose 7.3% last week from the previous week, according to the MBA’s seasonally […]
What the CARES Act Means for Individuals and Small Businesses
The CARES Act was signed into law in late March, providing financial assistance for individuals and businesses in these difficult and uncertain times. You may have heard bits and pieces of it mentioned on the news — stimulus checks (which you may or may not be entitled to depending on your household income) and small […]
CII extends President’s term during crisis
The Chartered Insurance Institute has extended the term of its President Nick Turner after being was forced to delay its annual AGM due to the Coronavirus outbreak. The professional body usually appoints a new President and chair of the board annually at its AGM, which normally takes place in the summer. However the event has […]
E-commerce firms may be allowed to sell non-essential goods
Restrictions on e-commerce firms to deliver only essential goods will be lifted with certain conditions from April 20, according to the latest order from the Ministry of Home Affairs (MHA). These new enabling guidelines will be applicable till May 3 when Lockdown 2.0 ends. Previous notifications from the MHA had specified that e-commerce firms would […]
Paytm General Insurance gets new CEO, managing director
Arora will lead the efforts to provide industry-leading solutions in the general insurance space, where Paytm continues to explore options to enter the sector. Digital payments major Paytm on Wednesday said it has named Vineet Arora as the managing director and chief executive officer of Paytm General Insurance Ltd. The appointment, which is subject to […]