A health worker takes a swab sample from a man to test for the coronavirus disease (COVID-19) in Brooklyn, New York, September 25, 2020. Brendan McDermid | Reuters Coronavirus infection rates in the New York City area continue to soar far above other parts of the state just days after it reopened indoor dining spaces […]
Facebook, Google and Twitter CEOs to testify before Congress on Oct. 28
Facebook CEO Mark Zuckerberg testifies before the House Judiciary Subcommittee on Antitrust, Commercial and Administrative Law during a hearing on “Online Platforms and Market Power”, in the Rayburn House office Building on Capitol Hill, in Washington, D.C., July 29, 2020. Mandel Ngan | Pool via Reuters The CEOs of Facebook, Google and Twitter have agreed […]
Treasury yields fall as White House confirms President Trump has tested positive for coronavirus
U.S. government debt prices rose on Friday morning as investors searched for safer assets after President Trump tested positive for coronavirus. At around 1.15 a.m. ET, the yield on the benchmark 10-year Treasury note dropped above 2% to trade at 0.6627%. At the same time, the yield on the 30-year Treasury bond fell above 1% to trade at 1.4389%. Yields […]
Employers get guidance on income tax withholding from wages
The IRS issued guidance to employers on Thursday regarding the amount of federal income tax to withhold from employees’ wages. The guidance comes in final regulations (T.D. 9924) the IRS posted to its website, which implement changes enacted in the law known as the Tax Cuts and Jobs Act (TCJA), P.L. 115-97, and reflect the […]
Building a Solid Bookkeeping System with Square POS
If you are using Square POS you can set up a really great automated bookkeeping system. Square is a really popular POS solution in the restaurant industry. It works particularly well for quick-service restaurants, ghost kitchens, food trucks, and curbside pickup business models.
CDC extends ban on cruising through October after White House reportedly overrules longer extension
Florida, Port of Miami, Row of cruise ships docked, non-essential business due to Coronavirus. Jeff Greenberg | Universal Images Group | Getty Images The Centers for Disease Control and Prevention on Wednesday extended its ban on passenger cruising from U.S. ports through Oct. 31 after the White House reportedly overruled calls for a further suspension. […]
Foreign tax credit allocation and apportionment rules finalized
News Foreign Income & Taxpayers By Alistair M. Nevius, J.D. Taxpayers received guidance Tuesday on how to allocate and apportion deductions and creditable foreign taxes and on other issues relating to foreign tax and the foreign tax credit in final regulations posted by the IRS (T.D. 9922). The IRS also posted wide-ranging proposed regulations regarding […]
Anthony Scaramucci says first presidential debate was an ’embarrassment’ to the U.S.
SINGAPORE — The first debate between U.S. President Donald Trump and Democratic presidential nominee Joe Biden was an “embarrassment” to the country, said Anthony Scaramucci, a hedge fund investor who briefly served as Trump’s White House communications chief. During the 90-minute debate on Tuesday night, the candidates constantly interrupted each other and the moderator, Fox News’ […]
Treasury yields fall ahead of U.S. presidential debate
U.S. government debt prices were higher on Tuesday morning as investors monitored stimulus discussions and awaited the first debate ahead of the U.S. presidential election. At around 2:20 a.m. ET, the yield on the benchmark 10-year Treasury note dropped 1.04% to trade at 0.6561%. In the meantime, the yield on the 30-year Treasury bond fell by 0.57% to trade at […]
LIFE AFTER JOBKEEPER
The past few months have been tough on everybody, particularly business. Without the government lifelines of JobKeeper, Cash Boost, loans and grants, low interest loans and deferrals, many businesses simply would not have been able to survive. In just days that lifeline is about to end for many small businesses. There has been a truckload […]