The energy industry faced a brighter potential at the start of 2020, but the Russia-Saudi price war on the industry triggered a breakdown in OPEC talks, and an oversupply of oil and low demand brought on by COVID-19 led to enormous changes for companies throughout the sector, experts said at a session titled “The Impact […]
Archives for November 2020
Insurer and wealth manager taps first Black female CEO
An insurer and wealth manager has tapped a veteran executive who will be the first woman, Black person or member of any minority group to be its CEO. The 111-year-old Ohio National Financial Services is promoting Barbara Turner from COO, effective Jan. 1, after the retirement of current CEO Gary “Doc” Huffman, the firm said […]
Challenges, opportunities await energy sector after pandemic disruption
The energy industry is now focusing on balance sheet strength and free cash flow as it prioritizes increasing production growth, which remains challenging. That was one of the strategic messages imparted by Helen Currie, chief economist for ConocoPhillips at a recent AICPA Oil and Gas Conference session. U.S. exploration and production companies face higher capital […]
State Pension to rise by 2.5% in April
The State Pension will rise by 2.5% in April, the Government confirmed today. Thérèse Coffey, the Secretary of State for Work and Pensions, confirmed the increase in a House of Commons statement. The new rates will apply in the tax year 2021/22 and will come into effect for England and Wales from 12 April. Although […]
Am I required to document videoconferences with clients?
Q: During the pandemic I’ve been working from home like most of my co-workers. Instead of having in-person meetings with clients, we’ve been using videoconferencing. I know that if I was meeting these clients in person I wouldn’t have to keep any documents but when I’m having a videoconference, is there any requirement that I […]
SMEs need more breathing space, but fear of accumulated debt remains
Despite an additional £150bn in government bonds purchased by the Bank of England (BOE) and extended government support provided to UK businesses, more needs to be done to keep SMEs alive, particularly as debt will accumulate over time, says Douglas Grant, managing director at Conister bank. “What we are doing is stacking up a problem […]
How to Update Your Remote Access Policy – And Why You Should Now
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Case studies: CAS in 2020 – Accounting Today
While 2020 was a year of crisis for many businesses, accountants found that their services came into sharper focus. In a remote world, outsourced accounting becomes easier to deliver to more clients; and in a world where businesses have been forced to temporarily close or shift their operations significantly in some way, accountants find themselves […]
Year-End Tax Planning Under The Forthcoming Biden Presidency
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UBS stresses the importance of financial wellness benefits during COVID-19
Financial wellness isn’t a “nice-to-have” benefit anymore — it’s a critical offering for employers who want to keep their most talented employees, UBS executives say. The wealth management giant recently surveyed more than 1,200 U.S. employees across multiple industries to determine how financial wellness programs impact employee experience. Conducted in April and May — some […]