The Governmental Accounting Standards Board (GASB) has issued Statement No. 93, Replacement of Interbank Offered Rates, to assist state and local governments in the transition away from existing interbank offered rates (IBORs), including the London Interbank Offered Rate (LIBOR) to other reference rates. Variable payment rates based on LIBOR Some governments have entered into agreements […]
Archives for 2020
CPAs support business owners during COVID-19 crisis
The phones started ringing immediately when Congress passed the first legislation related to the economic effects of the coronavirus in mid-March. WellsColeman, a 37-employee firm in Richmond, Va., received a surge of small business client inquiries on related employment issues. In response, George Forsythe, CPA, the firm’s managing partner, scheduled a Zoom call with a […]
Podcast: Important estate planning considerations amid COVID-19
Increased health risks related to COVID-19 and the financial aspects of the CARES Act and other financial legislation – all during an election year, compounds the complexity of the tax and financial planning landscape. There are issues you can address and steps you can take with your clients to make sure they are protected. In […]
Minimising tax liability ‘key to cash flow’
Tax allowances and reliefs could be key to helping businesses tackle the impact of the coronavirus on their finances. “In some ways the planning opportunities presented by the close of one financial year and the opening of another shouldn’t be overshadowed by coronavirus, hard as that may be whilst we are still in the eye […]
Financial institutions using CARES Act deferrals won’t violate GAAP, SEC says
Eligible financial institutions will not be in violation of GAAP if they take advantage of the deferrals or suspensions of two FASB standards as permitted in the new federal coronavirus relief law, SEC Chief Accountant Sagar Teotia said Friday in a statement issued by the commission. The $2 trillion Coronavirus Aid, Relief, and Economic Security […]
Self-Propagating Malware Targets Thousands of Docker Ports Per Day
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Weekend Reading for Financial Planners (Apr 4-5)
Executive Summary Enjoy the current installment of “weekend reading for financial planners” – this week’s edition kicks off with the news that, even as the country is still absorbing the outcomes of last week’s $2 trillion CARES Act stimulus, President Trump has begun to advocate for another $2 trillion round of stimulus, this time focused […]
Advisor Group’s Ladenburg ramp to go on as deliberately as planned
The coronavirus pandemic hasn’t thrown off Advisor Group’s timeline for folding Ladenburg Thalmann into its structure after the $1.3-billion deal, according to CEO Jamie Price. The Phoenix-based firm set its business continuity plan into motion — and, just as before the Feb. 14 closing of the deal, Advisor Group is sticking to an 18-month ramp […]
Full Jim Chanos Interview (CNBC)
Yesterday we had famed short seller and hedge fund manager Jim Chanos on my show, The Halftime Report. Scott Wapner led a terrific interview and I had a chance to chime in with some questions too. Watch the whole thing below: [embedded content]
Cloud Providers, CDNs Team Up to Battle Internet Routing Attacks
The administrator of your personal data will be Threatpost, Inc., 500 Unicorn Park, Woburn, MA 01801. Detailed information on the processing of personal data can be found in the privacy policy. In addition, you will find them in the message confirming the subscription to the newsletter.