Businesses and not-for-profits that received $2 million or more in Paycheck Protection Program (PPP) loans must complete one of two new loan necessity questionnaires being sent to lenders by the U.S. Small Business Administration (SBA) for distribution to borrowers. The new forms are designed to collect supplemental information SBA loan reviewers will use in evaluating […]
Archives for November 2020
Employers added 638K jobs in October, including 1.4K in accounting – Accounting Today
Employment increased by 638,000 jobs in October, including 1,400 in accounting and bookkeeping, the U.S. Bureau of Labor Statistics reported Friday, and unemployment declined 1 percentage point to 6.9 percent as the economy continues a slow recovery despite the ongoing COVID-19 pandemic. Job gains mostly occurred in the leisure and hospitality, professional and business services, […]
Sending and Receiving EFT Payments: What You Need to Know
You constantly make payments to contractors, suppliers, vendors, and employees (if you have ‘em). It’s what you do as a business owner. Wouldn’t it be nice to skip cash and checks? Instead of using paper to pay people, you can make EFT payments. EFT stands for electronic funds transfer. In business, you can send—and receive—EFT […]
Editor’s Column: Watchdog will save investors millions
The news this week that platform engine provider FNZ has been ordered by the competition watchdog to sell GBST was a bit of a shock. Many expected the deal to go through, albeit with conditions. It didn’t. It’s a story that has potentially huge repercussions for UK investors and Financial Planners too. To quickly […]
Pandemic accelerates need for audit reform
A study published by the Chartered Institute of Internal Auditors (CIIA) shows that internal auditors were unable to carry out critical work during lockdown – an issue which has increased the urgency of an audit reform, according to the CIIA’s chief executive John Wood. “The coronavirus has had a profound effect on internal audit and […]
The Most Powerful Man in Washington Stays Put, How to Buy a Correction (with Tony Dwyer)
This week, Josh is joined by the one and only Tony Dwyer, Chief Market Strategist at Canaccord Genuity and a fixture on Wall Street for over 30 years. Tony and Josh chop it up over the initial election results, the stock market’s reaction and how to think about the year-end picture now taking shape. Check […]
Invest In You: How I Invest My Money
Special thanks to CNBC + Acorns Invest In You campaign for making this video. Here’s the related article. This coming Monday, 11/9 at 12ET on The Halftime Report, we’ll be talking about my upcoming book, How I Invest My Money, which is now available for preorder. Jenny Harrington, one of my Halftime castmates, is featured […]
FOS axes 128 staff at cost of £3.1m
The Financial Ombudsman Services has made 128 staff redundant over the past 12 months as its workload has fallen, according to its 2019/20 Annual Report and Accounts. Executive director David Cresswell, a former head of communications and director of strategy, left the service last year with a pay off of £137,202. Fellow chief operating officer Chris […]
What the limits of traditional accounting mean for the future of food – GreenBiz
Traditional accounting methods do not fully capture the externalized costs of economic activities in the food and agricultural space, and this shortcoming is becoming more apparent because climate change is intensifying the focus on sustainable development. Against this backdrop, some industry officials think that true-cost accounting for food offers a better way forward. True-cost accounting […]
Industry execs join to launch Financial Planner business
Senior executives from accountancy firm Beavis Morgan and general insurance firm Jelf have teamed up to launch a new Bristol-based Financial Planning business with plans to acquire adviser firms. Leading the business, named Integrity365, are Beavis Morgan group chairman Paul Jackson and founder of the Jelf insurance group Chris Jelf. They have been joined by […]