Almost three quarters (73%) of Financial Planners reduced their working hours to support others or provide home schooling during the Coronavirus pandemic, according to a new report. The survey of 275 Financial Planners and paraplanners by Financial Planner community Panacea Adviser found that 66% had been impacted financially as a result of this reduction in working […]
Archives for July 2020
Access to advice a concern for Pension Freedoms
Access to advice remains a major concern for Financial Planners four years into Pension Freedoms, according to new research. More than half (51%) the Financial Planners questioned for the survey from Financial Planning and investment network Openwork said access to advice needs to improve to ensure the reforms work well for savers. Of those surveyed […]
Equipping accountants with the right skillset to support recovery
South Africa’s small businesses face an unprecedented range of challenges, and unfortunately due to the COVID-19 crisis, many are not expected to survive. It’s a bleak outlook, but with the right support and advice this prognosis can be changed. Now more than ever, accountants have a vital role to play in supporting small businesses. The […]
What does the minimum wage increase mean for your business?
On July 1, 2020, the Fair Work Commission announced an increase to the national minimum wage for Australian workers. The increase was rather modest at 1.75%. This means the previous minimum wage of $19.49 or $740.80 per week, has been increased to $19.84 per hour or $753.80 per week. The announcement followed the Commission’s Annual […]
MakeMyTrip begins restoring salaries of employees three months after pay cuts
MakeMyTrip, India’s biggest online travel company, has begun restoring salaries of employees with a revival in business three months after announcing pay cuts, group CEO Rajesh Magow told ET. The company’s domestic flight booking volumes are currently at 15-20% of pre-Covid-19 levels and hotel bookings are at 10-12%. There has also been a gradual improvement […]
CDC guidelines for schools reopening puts heavy emphasis on having students back in classroom
A general view of the Centers for Disease Control and Prevention Edward R. Roybal campus in Atlanta, Georgia on April 23, 2020. Tami Chappell | AFP | Getty Images With some school districts just weeks away from the start of the academic year, the Centers for Disease Control and Prevention released long-awaited guidelines for reopening with a […]
CDC guidelines for schools reopening puts heavy emphasis on having students back in classroom
A general view of the Centers for Disease Control and Prevention Edward R. Roybal campus in Atlanta, Georgia on April 23, 2020. Tami Chappell | AFP | Getty Images With some school districts just weeks away from the start of the academic year, the Centers for Disease Control and Prevention released long-awaited guidelines for reopening with a […]
Euro snaps ten year downtrend vs US dollar
The last time the Euro trended higher against the dollar was in 2017, which is also the last time international stocks outperformed the S&P 500. The dollar breakdown I talked about earlier this week continues to attract the attention of traders but the notice of the press. Here’s the EURUSD pair breaking out of a […]
Euro snaps ten year downtrend vs US dollar
The last time the Euro trended higher against the dollar was in 2017, which is also the last time international stocks outperformed the S&P 500. The dollar breakdown I talked about earlier this week continues to attract the attention of traders but the notice of the press. Here’s the EURUSD pair breaking out of a […]
Tax-News.com: US Businesses Urge Against Starting A Digital Tax ‘Trade War’
The United States Council for International Business has called on US authorities to focus its efforts on working with other countries to arrive at an international tax solution to the digitalized economy, rather than tackling countries’ unilateral responses.