It’s human nature to put off complicated or difficult tasks. It’s also tough to get and stay focused when there’s a lot on your mind. You may find the new unknowns of life during the COVID-19 pandemic is adding to your stress. And, it’s ok to admit if working from home, while beneficial in many […]
Archives for May 2020
Virus hits Trump’s inner circle, unemployment rivals Great Depression: This week’s recap and our best reads
Members of the Massachusetts Army National Guard distribute free milk, offered instead of dairy farmers throwing away excess milk due to lower demand amid the coronavirus disease (COVID-19) outbreak, in Boston, Massachusetts, U.S., May 7, 2020. Brian Snyder | Reuters Here’s a brief recap of the week. The unemployment rate rose to levels unseen since […]
China regulator issues rules on online bank lending to curb risks
BEIJING (Reuters) – China’s banking and insurance regulator on Saturday issued draft rules on commercial banks’ online lending business, banning the use of such loans for riskier investments and capping banks’ online consumer credit, in a move to rein in financial risks. The regulations are the first that specifically target banks’ online lending business, which […]
SJM’s Ashwani Mahajan raises concern over foreign funded e-pharmacies
Swadeshi Jagran Manch, an affiliate of the Sangh Parivar, raised concern over NITI Aayog allegedly “promoting” foreign-funded e-pharmacies, which the front said are functioning illegally in India. SJM national co-convenor Ashwani Mahajan tweeted on this issue, tagging Prime Minister Narendra Modi, to flag his concern. “Respected @narendramodi ji please see CEO @NITIAayog is promoting e-pharmacies […]
India tops Zoom downloads in April
India was the biggest market for Zoom in terms of the number of mobile application downloads in April despite the security issues and government warnings. Zoom was the most downloaded non-game app worldwide for April 2020 with close to 131 million installs, a 60x growth from April 2019, according to Sensor Tower. The countries with […]
Smeal spring 2020 accounting marshal’s freshman course inspired choice of major – Penn State News
UNIVERSITY PARK, Pa. — Motivational speaker Zig Ziglar said that success occurs when opportunity meets preparation. That moment occurred for Cecelia Minnick during Accounting 211H: Financial and Managerial Accounting. “Toward the end of my freshman year, I was rethinking my original choice of major. During that time, I took ACCTG 211H. I really enjoyed this […]
Taxpayers must act soon for direct deposit of stimulus payments
The IRS announced Friday that time is running out for taxpayers to go to the Get My Payment website to enter their direct deposit information in order to receive an electronic economic impact payment (IR-2020-92). Taxpayers must enter their bank account information, if needed, by noon on Wednesday, May 13. After that date, any stimulus […]
Pandemic-related CPE exceptions granted to auditors under GAGAS
News PROFESSIONAL DEVELOPMENT By Ken Tysiac {:else} {timeSince} {/if} {@if cond=”{isCGMA}”} {:else} {/if} {/.} The U.S. Government Accountability Office (GAO) is providing three exceptions to continuing professional education (CPE) requirements for auditors performing engagements under generally accepted government auditing standards (GAGAS) for circumstances related to the coronavirus pandemic. In an alert that is effective Feb. […]
Coronavirus crimps advisor pay at wirehouses and other BDs
When I started covering the wealth management beat six years ago as a cub reporter, my first assignment was a doozy: write the annual compensation report for wirehouse and regional BD advisors. It was a complex topic for a newbie, akin to taking down a grizzly bear with a BB gun on your first hunting […]
Weekend Reading for Financial Planners (May 9-10)
Executive Summary Enjoy the current installment of “weekend reading for financial planners” – this week’s edition kicks off with the news of a new show to debut this weekend on CNBC that will feature not stock-picking entertainment but actual financial planning advice from real financial advisors (featuring advisor and media personality Josh Brown) in what may be […]