Job Loss or Pay Cut – Corona Virus Pandemic is creating a massive impact on the economy. Many people have lost their job and many are going towards a bad phase of the pay cut. India’s largest public-sector company Reliance has already announced up to 50% pay cut for the employees. No recruitment, salary cut, […]
Archives for May 2020
Essential Checks & Balances for Small Businesses Ways You Can Prevent Fraud
Unfortunately, no company is immune from fraud. When it happens at a small business, where a few employees shoulder numerous responsibilities, the betrayal cuts deep. If someone decides to commit fraud, they may rely on your belief that he/she is a long-time/higher-up/loyal/excellent employee to keep from being detected. Because it’s important to both trust your […]
Auto Dealership Accounting Software Market Analysis by Size, Share, Growth, Trends up to 2025 – ZZReport
Research Report on “Auto Dealership Accounting Software Market size | Industry Segment by Applications (Small and Medium Enterprises (SMEs) and Large Enterprises), by Type (Cloud-based and On-premises), Regional Outlook, Market Demand, Latest Trends, Auto Dealership Accounting Software Industry Share & Revenue by Manufacturers, Company Profiles, Growth Forecasts – 2025.” Analyzes current market size and upcoming 5 years […]
Indians bet on online gaming to kill boredom
Illustration: Rahul Awasthi Online games involving exchange of money have caught on with Indians stuck at home due to the Covid-19 pandemic. Gaming firms have noted a sharp increase in customers looking to ward off boredom by indulging in games such as poker, rummy and bingo, and are placing bets even on simple games like […]
Tesla tells furloughed workers to expect a week or more of unemployment
Elon Musk, co-founder and chief executive officer of Tesla Motors. Yuriko Nakao | Bloomberg | Getty Images Tesla braced its furloughed U.S. employees on Friday for at least another week of unemployment, according to a memo obtained by CNBC. The internal communication, from Tesla’s human resources boss, Valerie Capers Workman, followed an expletive-laced outburst by […]
Chinese e-commerce company Club Factory starts grocery delivery
Chinese e-commerce company Club Factory has now become a platform that also sells groceries to Indians. This comes as the Covid-19 pandemic has revived anti-China sentiment, leading to calls for boycotting its products and apps. Club Factory has been accused of shipping cheap products to India directly from China after labelling them as gifts to […]
Wall Street tumbles as renewed tariff threat adds to uncertainties
NEW YORK (Reuters) – Wall Street sold off sharply on Friday as investor risk appetite was soured by the revived specter of tariffs against China, threatened anew by U.S. President Donald Trump in retaliation for the COVID-19 pandemic which has brought global economies to a grinding halt. The Dow Jones Industrial Average .DJI fell 617.09 […]
Discounts, remote work and charitable gifts: How wealth managers adapt to coronavirus
Faced with the coronavirus and an economy tipping into a recession, financial advisors have their work cut out for them. “This pandemic has exposed the cracks in infrastructure across the board,” says Cameo Roberson, a business coach and founder of Atlas Park Consulting & Finance. “Now, for advisors, it’s really an opportunity to figure out […]
AICPA challenging nondeductibility of PPP-related expenses
The IRS released guidance (Notice 2020-32) to explain that a taxpayer that receives a loan through the Paycheck Protection Program (PPP) is not permitted to deduct expenses that are normally deductible under the Code, to the extent the expenses were reimbursed by a PPP loan that was then forgiven. The PPP was created by Section […]
Weekend Reading for Financial Planners (May 2-3)
Executive Summary Enjoy the current installment of “weekend reading for financial planners” – this week’s edition kicks off with a new industry study from Broadridge finding that the coronavirus pandemic is just further accelerating the industry’s shift towards more holistic financial planning as a way to demonstrate and add value in the midst of the turbulent market […]