Illustration: Rahul Awasthi Dine-in customers at eateries are scarce even after they have reopened following a nationwide lockdown, although takeaways and deliveries are picking up pace, restaurant chains told ET. Customer footfalls are at about 5-8% of the levels seen before the pandemic but are likely to go up in the next few weeks, they […]
Archives for June 2020
India Inc chalks out new plans for staff amid the pandemic
Illustration: Rahul Awasthi With cities opening up gradually, India Inc is chalking out attractive medium-term work policies for staff, even as the Covid-19 pandemic shows no signs of easing. Companies such as Ola, Droom, Kissflow, Instamojo, Udaan and Flipkart, are putting in place measures that include part-time logins from home as well as offices, work […]
Leave-based donation program available during pandemic
The IRS on Thursday issued guidance on leave-based donation programs, permitting employers to make deductible monetary donations for relief of victims of the COVID-19 pandemic based on the value of sick, vacation, or personal leave that employees voluntarily forgo (Notice 2020-46). The donated amounts will not be treated as compensation to the employees, and employees […]
Tech’s big five lost nearly $270 billion in value in Thursday’s market plunge
A view of Apple store in fifth Avenue during coronavirus pandemic on April 7, 2020. John Nacion | NurPhoto | Getty Images The five most valuable tech companies lost more than $269 billion in value on Thursday, the worst day for U.S. stocks since March. Microsoft was the biggest loser, shedding more than $80 billion […]
Rehmann Wins ClearlyRated’s 2020 Best Of Accounting Diamond Award – dbusiness.com
Rehmann Logo // Image Courtesy of Rehmann Troy-based accounting firm Rehmann was awarded ClearlyRated’s 2020 Best of Accounting diamond award for providing five consecutive years of excellent service. It’s the fifth year in a row Rehmann has won the Best of Accounting award, and it is now among 25 percent of recipients to have won […]
GASB proposes accounting guidance for CARES Act aid
GASB issued a proposed technical bulletin Thursday to assist state and local governments in their accounting for funds received as a result of the $2 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act, P.L. 116-136. The exposure draft, Accounting and Financial Reporting Issues Related to the Coronavirus Aid, Relief, and Economic Security Act (CARES […]
Securian taps 35-year veteran advisor to open and build new office
A midsize IBD that’s grown steadily in recent years has a new foothold in one of the nation’s largest markets. Securian Financial tapped veteran financial advisor P.Q. Le to launch Providential Legacy Group in Atlanta, where Le says he aims to recruit a team of 35 representatives and other employees by 2023. He sees potential […]
Two big L’s in a row
Those who refuse to acknowledge the racial injustice awakening going on in our country this summer took two big L’s within the last week or so. They lost the NFL – the league now admits it was wrong not to support the right of players to express their feelings about police brutality in black communities. […]
Wall Street hammered by fears of spurt in virus infections, economic worries
(Reuters) – U.S. stocks slumped on Thursday with the Dow shedding over 5% and the index on track for its sharpest one-day decline since March 18, as investors fretted over a resurgence in coronavirus infections and a grim economic outlook from the Federal Reserve. The S&P 500 and the Dow Jones were set to wipe […]
Take care of your staff’s mental health during COVID-19
As the COVID-19 pandemic swept into the United States this spring, accounting firm Seiler LLP activated its crisis plan, allowing employees to make arrangements to work from home. On March 23, as employees from four offices logged on and work continued, departments ranging from HR to marketing remained involved to keep employees engaged, optimistic, and […]