The IRS extended its safe-harbor relief from recognizing cancellation-of-debt (COD) income for students whose loans were discharged either because their schools were closed or as a result of some type of fraud (Rev. Proc. 2020-11). The IRS had earlier provided relief for students from Corinthian College or American Career Institutes Inc. whose loans were discharged […]
Archives for 2020
Prime Video will double down on content investment in India: Jeff Bezos
India features among the fastest expanding global markets for Amazon’s Prime Video business, and the world’s most expensive web retailer will seek to invest more in building bespoke content in the country. Jeff Bezos, the founder, CEO and president of Amazon, who was on his maiden Mumbai visit, said that Prime Video has seen a […]
Fitting Video Marketing into Your Business Plan
How does video marketing fit into your business plan? Does it at all? If it doesn’t, it might help to know that almost 77 percent of small business owners get results when they incorporate video marketing. Video is a big deal, especially for small businesses. Having a website is only part of the battle, now. […]
Top Jobs 2020 – 10 Higher Salary Jobs
Which are Top Jobs for 2020? Which career option I should select for getting high salary jobs? Let’s try to get answers to these questions. The job landscape is changing radically and expected to change further in 2020. It is because of technological advancement. All jobs are becoming technology-centric. The report predicts that few occupations […]
Transposition Error, the Little Mistake That Causes Big Problems
Mistakes happen, especially when it comes to recording transactions in your books. One type of accounting mistake that’s easy to make is a transposition error. Read on to learn what is transposition error and how it can affect your accounting books. What is a transposition error? A transposition error in accounting is when someone reverses […]
WeWork’s leasing activity plunged 93% in the fourth quarter after failed IPO attempt
WeWork Rise on Water St. in New York City Adam Jeffery | CNBC After pulling its much-hyped IPO late last year and raising emergency funding from SoftBank, WeWork’s leasing activity in the fourth quarter slowed to a crawl. The company signed only four leases covering 184,022 square feet of space in the last three months […]
Kitces & Carl Ep 25: The Overconfident Conversation And Walking Clients Back From The Greed Ledge
Executive Summary When market conditions become volatile and scared clients are on the verge of panic about the potential to lose even more money, financial advisors are faced with the challenge of talking their clients “off the ledge” from making a potentially disastrous investment choice to leap out of the market near the bottom and […]
Amazon’s $1 billion investment in India no big favour: Piyush Goyal
Amazon hasn’t done India any big favours by investing $1 billion in the country, its trade minister said on Thursday, laying bare the tensions with the U.S. online retail giant during a visit by its CEO Jeff Bezos. Amazon and Walmart’s Flipkart are facing mounting criticism from India’s brick-and-mortar retailers, which accuse the U.S. giants […]
John Moret: Pensions taxation needs fundamental reform
Midnight on 31 December 2019 saw me enter my sixth decade of working in the pensions industry. Looking back I think the two biggest influences over those fifty years have been technology and longevity. It’s hard to believe that there was virtually no automation when I started. Calculations were made using a hand operated Monroe calculator […]
Business investment into Singapore surges to seven-year high
SINGAPORE (Reuters) – Business investment commitments into Singapore jumped nearly 40% last year to a seven-year high, far more than expected as some key sectors bet on rising demand, a government agency said. Commitments for investments in fixed assets such as facilities, machinery and other equipment surged to S$15.2 billion ($11.3 billion) in 2019, well […]