[embedded content] Ben says yes, investors are getting smarter. His evidence is the fact that a market sell-off of 35% brought in millions of new investors, arriving as they did, all at once, as though prompted by a divine thunderclap from the skies. It’s really quite remarkable that the reaction to a bear market was […]
Archives for October 2020
New Tax Form 1099-NEC
If your company has or is planning to compensate nonemployees in 2020, there’s a new IRS tax form you need to know about. Employers must now use Form 1099-NEC to report most nonemployee compensation. Form 1099-MISC hasn’t gone away. What’s changed are the circumstances where you would use the 1099-NEC or the 1099-MISC. Let’s break […]
Tax Accounting in 2020: Changes and Developments for Current and Future Planning Webinar – Bangor Daily News
Many companies of all sizes and types face constant and increasing scrutiny from stakeholders over their income tax accounting policies and procedures. This scrutiny may only grow in strength as a result of the tumultuous and complex tax and regulatory year we’ve seen in 2020. More than ever, business owners and leadership are looking for […]
U.S. reports highest number of new coronavirus case since late July as total climbs above 8 million
Melissa Leaston Director of nursing at Whittier Street Health Center swabs Steve Rose of Boston at a COVID testing site in Nubian Square on October 15, 2020 in Roxbury, Massachusetts. Matt Stone | MediaNews Group | Boston Herald via Getty Images The United States reported more than 69,000 new coronavirus cases on Friday, the highest […]
Saral Jeevan Bima – New Term Insurance Guideline by IRDAI
Saral Jeevan Bima – Term Insurance – Term Plan is a widely accepted product. However, terms and conditions of the term plan offered by different insurance companies are different. Every company was introducing innovative products with different features, options, and riders. Different term plans with different features are creating confusion among customers. It is extremely […]
Robo advisor Wealthsimple pushes for growth spurt before IPO
Fresh off achieving a $1 billion valuation, Wealthsimple’s top executive says the firm has more work to do before pursuing an initial public offering. The online investment company, which announced a new funding round that raised $87 million, plans to use the infusion of capital to build out cash, checking, insurance and mortgage products that […]
Weekend Reading for Financial Planners (October 17-18)
Executive Summary Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with a new survey finding that, despite the turmoil of the pandemic and its disruption for the business activities (including the marketing) of advisory firms, 71% of advisors are now reporting that they have more clients than they […]
Phishing Lures Shift from COVID-19 to Job Opportunities
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Inflation-adjusted limit for 2021 HRAs issued
The IRS on Friday provided the maximum amount allowed to be newly made available to participants of excepted benefit health reimbursement arrangements (HRAs) under Regs. Sec. 54.9831-1(c)(3)(viii) for plan years beginning after Dec. 31, 2020, and before Jan. 1, 2022 (Rev. Proc. 2020-43). The maximum amount, which is indexed under the Chained Consumer Price Index […]
U.S. aims to lower troop level in Afghanistan to 2,500 by early 2021, Trump advisor says
U.S. Soldiers and Airmen from Provincial Reconstruction Team Zabul return to base after a quality assurance, quality control patrol near the city of Qalat, Zabul province, Afghanistan, Nov. 1, 2010. Staff Sgt. Brian Ferguson | U.S. Air Force WASHINGTON — President Donald Trump’s national security advisor said Friday that the administration has set a timeline […]