U.S. government debt prices were lower Monday morning as investors prepare for the start of a new year of trading. At around 4:10 a.m. ET, the yield on the benchmark 10-year Treasury note climbed to 0.9265% while the yield on the 30-year Treasury bond rose to 1.6556%. Yields move inversely to prices. The Dow and […]
New Business Consultation
Many businesses have been formed over the last 9 months whilst we have been in this never before experienced situation. Employees have been furloughed and some businesses have not been able to continue trading, or not in the way they have done previously. This has given people time to think and assess their work future […]
11 Republican senators, led by Ted Cruz, push to delay certification of Biden victory
Eleven GOP senators and senators-elect will push to delay the certification of President-elect Joe Biden’s victory over President Donald Trump in the Electoral College during a formal joint session of Congress on Wednesday, they announced in a statement. The senators, led by Sen. Ted Cruz, R-Texas, cited allegations of fraud and irregularities in the 2020 […]
U.S. airlines’ 2020 losses expected to top $35 billion as pandemic threatens another difficult year
Decommissioned and suspended commercial aircrafts are seen stored in Pinal Airpark on May 16, 2020 in Marana, Arizona. Christian Petersen | Getty Images News | Getty Images The Covid-19 pandemic has been brutal for U.S. airlines and significant relief isn’t expected until the second half of 2021. U.S. carriers’ 2020 net losses likely topped $35 […]
For mental health start-up Modern Health, pandemic-fueled growth created whole new set of anxieties
Modern Health founder and CEO founder Alyson Watson Modern Health Alyson Watson had an important message for her team. It was May 1, six weeks after the coronavirus pandemic forced employees into isolation. Her company, Modern Health, was busier than ever. Watson, 30, started Modern Health three years earlier to help expand the availability of […]
DOJ opposes Republican suit that seeks to have Pence overturn Biden election in Trump’s favor
Rep. Louie Gohmert, R-Texas, and members of the House Freedom Caucus conduct a news conference to call on Attorney General William Barr to release findings of an investigation into allegations of 2020 election fraud, outside the Capitol on Thursday, December 3, 2020. Tom Williams | CQ-Roll Call, Inc. | Getty Images The Department of Justice […]
U.S. Treasury yields flat on last trading day of 2020
Treasury yields were flat on Thursday, the last trading day of 2020, as investors assessed the status of a fresh coronavirus stimulus package. The yield on the benchmark 10-year Treasury note was at 0.9298% at roughly 2 a.m. ET, while the yield on the 30-year Treasury bond was also higher at 1.6710%. Yields move inversely to […]
U.S. Treasury yields move higher after delay to Senate vote on $2,000 stimulus checks
U.S. government debt prices were lower on Wednesday morning after a top U.S. Republican lawmaker moved to postpone a Senate vote on increased pandemic relief checks. At around 5:35 a.m. ET, the yield on the benchmark 10-year Treasury note was higher at 0.9514%, while the yield on the 30-year Treasury bond was also higher at 1.6932%. […]
PPP expense deductibility and forgiveness raises basis, other issues
The Consolidated Appropriations Act, 2021 (CAA 2021), H.R. 133, Division N, Section 276, provides that deductions are allowed for otherwise deductible expenses paid with the proceeds of a Paycheck Protection Program (PPP) loan that is forgiven and that the tax basis and other attributes of the borrower’s assets will not be reduced as a result […]
Are you planning for the New Year?
The Christmas and New Year break is a good time to reflect on all that is good and not so good with your business. Business owners have chance to step back and take time to look at what works, what doesn’t and what could be better as well as planning for the coming year. Paying […]