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  • Heightened Hacking as Corona Pandemic Worsens; How to Avoid Being a Victim

    Posted Date May 1, 2020 Posted Time 12:00 am Published in

    🖨 Print⏱ 4 min readSince the escalation of COVID-19 cases, malicious activity from cybercriminals is also on the rise. Hackers are taking advantage of the coronavirus fear to carry out attacks. This is done by creating websites that claim to have cures for the virus or by spreading emails that contain links to malware. Consider this research by Check Point, where they found an increase in coronavirus domain name registration. Most of these scam websites allege to be selling vaccines against the virus. At the beginning of this year, one of the reported cases was the Emotet malware that was... View Article

  • Prospects for Investing in the 2020s

    Posted Date May 1, 2020 Posted Time 12:00 am Published in

    🖨 Print⏱ 4 min readThe third decade of the 21st century started out with a vigorous economy, record low unemployment levels, and benign inflation. But late in the first quarter over the span of two weeks, investors faced the fastest stock market correction in history. With an unpredictable assailant like a global virus, short-term actions by Congress and the Federal Reserve will need time to see if they are effective. Ultimately, the fate of the U.S. and global economies, which in turn will impact the investment markets, is dependent on how long the COVID-19 outbreak continues and if there is... View Article

  • Be Right About Free Money: Potential Legal Risks of the Paycheck Protection Loan Program

    Posted Date May 1, 2020 Posted Time 12:00 am Published in

    🖨 Print⏱ 3 min readOne of the most important provisions of the CARES Act for small businesses is called the Paycheck Protection Program (PPP). The PPP is a $349 billion program designed to assist small businesses (fewer than 500 employees) facing financial difficulties as a result of the COVID-19 pandemic through specifically structured loans. The loan program offers funding to cover payroll for up to eight weeks, with the intent of stemming from unemployment. These loans can be forgiven and essentially become a grant if your business meets certain criteria with no need to repay the money. As the old... View Article

  • Understanding the High-Low Method

    Posted Date May 1, 2020 Posted Time 12:00 am Published in

    🖨 Print⏱ 3 min readWhen it comes to cost accounting, the high-low method is an approach that’s used to break mixed costs into either a variable or fixed cost. Although it’s straightforward, it’s important to do multiple analyses because outlier costs from the available data can sometimes misconstrue operating costs. This calculation occurs by looking at the periods with the most and least activity, as well as the total costs for both the high and low periods. In order to get results for the high-low method, the variable cost and the fixed cost must be determined first. Once these are... View Article

  • More Coronavirus Relief, Plus Beefed-Up Security for Technology, the Elderly, and Children Born to U.S. Citizens Serving Overseas

    Posted Date May 1, 2020 Posted Time 12:00 am Published in

    🖨 Print⏱ 3 min readCoronavirus Aid, Relief and Economic Security Act (HR 748) – This legislation provided $2 trillion of stimulus relief in response to the coronavirus crisis. Provisions of the bill include: $1,200 for each American making up to $75,000 a year Additional $600 a week in unemployment benefits for up to four months $100 billion available for hospitals and health providers; increase Medicare reimbursements for treating COVID-19 $750 million for food banks and food assistance to American Indian reservations, Puerto Rico and other territories $500 billion in loans or investments to businesses, states, and municipalities $32 billion in... View Article

  • Answers to Common Questions About the Coronavirus Stimulus Checks

    Posted Date April 14, 2020 Posted Time 12:00 am Published in

    🖨 Print⏱ 5 min read So many checks and even more questions! There is a lot of confusion out there over the details surrounding the coronavirus stimulus checks, so below we’ve compiled a list of frequently asked questions and answers. How much will the check be for? Each adult will receive $1,200; if you filed as married jointly, you’ll get $2,400; with an extra $500 for each qualifying child. How to check the status of my Stimulus Check?  https://www.irs.gov/coronavirus/get-my-payment What if I didn’t make any money last year or I was on a reduced income? It doesn’t matter. There is... View Article

  • Should You File an Amended 2018 Return?

    Posted Date April 1, 2020 Posted Time 12:00 am Published in

    🖨 Print⏱ 3 min readDuring the holiday season in December, Congress passed the Consolidated Budget Appropriations Act of 2020. Included in this Act was a tax package that renewed more than 24 tax provisions through what are known as extenders. An extender makes a tax provision effective retroactively. Some of the extender provisions are rather esoteric, so we’ll only focus on those most applicable to the broader taxpayer base. Extenders in More Detail Among the widely applicable extender provisions, there are the following. It’s best to check with your tax professional to see which of the more than two dozen... View Article

  • New to Remote Working? Here are Some Tips for Staying Productive

    Posted Date April 1, 2020 Posted Time 12:00 am Published in

    🖨 Print⏱ 4 min readThe COVID-19 pandemic has seen a rise in remote working. Even organizations that have always been against it have their employees working from home. With some areas experiencing complete lockdowns, this means you find yourself in an unfamiliar work environment. Remote working means that you have to work outside a traditional office environment. Although some people already have experience working remotely, there are a good number of workers who might have a hard time getting anything done from home. This is particularly true for those  with a family that includes young children. But with the current... View Article

  • CARES Act – Coronavirus Aid, Relief, and Economic Security Act

    Posted Date April 1, 2020 Posted Time 12:00 am Published in

    🖨 Print⏱ 7 min readU.S. Government Provides Relief to Individuals, Businesses in Midst of COVID-19 Crisis On March 27, President Donald Trump signed into law a historic $2 trillion stimulus package designed to provide economic relief to individuals and businesses affected by the coronavirus pandemic. Our aim in this alert is to give a brief overview of both the tax and non-tax provisions of the government’s new stimulus legislation, including what type of assistance is available for individuals and businesses, how to apply for it, and what to do if you become unemployed. The summary is divided into two sections,... View Article

  • 6 Financial Tips for an Emergency

    Posted Date April 1, 2020 Posted Time 12:00 am Published in

    🖨 Print⏱ 4 min readThe effect of the coronavirus on our lives is unprecedented. While we’re all sheltering in place while trying to manage our daily tasks, it’s undoubtedly taking a toll on us mentally, physically and financially. Here are some tips to help you weather this storm of economic uncertainty. Get Started on Being Liquid Experts suggest having three to six months of savings on hand. However, this might not be realistic for some. Don’t despair: start saving now. If your employer pays you via direct deposit, ask if they’ll deposit a percentage into your savings. If that’s not... View Article

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