News Employee Benefits & Pensions By Sally P. Schreiber, J.D. {:else} {timeSince} {/if} {@if cond=”{isCGMA}”} {:else} {/if} {/.} The IRS in Rev. Proc. 2020-32 announced the annual inflation-adjusted limits on deductions for contributions to a health savings account (HSA) allowed for taxpayers with family coverage under a high-deductible health plan (HDHP) for calendar year 2021. […]
Archives for May 2020
Actively managed funds with the biggest 10-year gains
Funds with human managers calling the shots can still outperform. It’s just a matter of positioning. That’s been the case for the industry’s 20 top-performing actively managed funds of the past decade. Those with managers making the decisions, and at least $500 million in assets under management, recorded an average 10-year gain of 18%, according […]
FASB votes to delay revenue recognition effective date for private companies
FASB voted Wednesday to extend by one year the effective date of its revenue recognition standard to all nonpublic entities that have not yet issued their financial statements. The board originally had proposed amending the revenue recognition standard effective date just for franchisors that are not public business entities. But feedback FASB received on the […]
Ola lays off 1,400 employees as Covid-19 hits 95% revenue
Ride-hailing service Ola has asked over a quarter of its workforce in India to leave the company, as it joins the swelling ranks of the country’s most valuable startups that are trimming headcount in a bid to combat the economic disruption wrought by Covid-19. Ola has seen revenue drop by 95% in the past two […]
ETtech Top 5: Ola layoffs, New micro VC fund, e-commerce back in business & more
Happy Wednesday! The uncertainty surrounding the Covid-19 pandemic is slowly dawning on Indian startups. Initially, most companies thought that this would be a short-lived crisis and the country would soon be out of the woods. But the way India’s case count has risen over the past few days, the fight to contain the virus outbreak […]
Virus accounting maneuvers criticized by European authorities – Accounting Today
Europe’s top markets watchdog is warning companies against getting creative with financial statements that obscure the effect of the coronavirus pandemic on their bottom line. In guidance ahead of companies’ half-year results, the European Securities and Markets Authority said on Wednesday that firms shouldn’t separate the impact of the virus from overall profits and losses. […]
Border Wars: Helping Clients Set Financial (And Emotional) Boundaries To Avoid Enabling Dependent Family Members
Executive Summary It is natural for individuals to want to help their friends and family members in times of need, and doing so can be a healthy way to nurture those important relationships. However, establishing realistic boundaries is also important in healthy relationships, especially when the relationship dynamic involves a provider and dependent. For financial […]
NoBroker to hire more staff, give salary hike
Online real estate search platform NoBroker has decided to hire over 100 people and hike salaries of its existing staff at a time when real estate companies are laying off staff and cutting salaries. The company, which raised funding of $30 million in a Series D round from General Atlantic in April 2020, is witnessing […]
Life 2.0: Creating pandemic-ready smart cities with COVID-19 learnings
Change is a constant. Right from the metal to machine age, till the era of digital revolution, we have seen several changes impacting our lives. In the information age we are in today, the pace of change has notched up manifold. The rigorous changes in our lifestyle has invoked us to think of ways to […]
How Xero partners and businesses are sprinkling kindness
Kindness, both toward ourselves and others, is more vital than ever. That’s why it’s the perfect theme for this year’s Mental Health Awareness Week. An international study by Health Europa found that 41 percent of Britain’s population is at risk of mental health issues as a direct result of the coronavirus pandemic. However, despite this […]