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  • Borrowing From Your Retirement Plan: New CARES Act Rules

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

    🖨 Print⏱ 4 min readIt’s been nearly half a year since Americans first became widely aware of the coronavirus contagion within the United States. While for a brief month it looked as if we had the virus in hand, since then it has spread wildly out of control in many areas. People who did not suffer dramatic financial consequences in the early stages of the pandemic could see some hard days ahead. For this reason, it’s a good idea to become familiar with the new relaxed rules associated with withdrawals from tax-advantaged retirement plans. In late March, Congress passed the... View Article

  • How to Develop a Sanitation Plan for Employee and Customer Safety

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

    🖨 Print⏱ 3 min readAs part of a comprehensive strategy to cope with COVID-19 and reduce the risk of spreading it, developing a sanitation plan is a necessary tool that businesses can implement during the reopening process. The Centers for Disease Control and Prevention recommends a thorough approach for cleaning and disinfecting. The first thing to do to reduce the amount of COVID-19 virus on exterior surfaces and items handled by individuals is to wash them with soap and water. When it comes to items handled by many individuals, using appropriate disinfectants approved by the Environmental Protect Agency that contains... View Article

  • IRS Gears Up for Aggressive Enforcement

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

    🖨 Print⏱ 2 min readRecently, the IRS Commissioner testified before the Senate Finance Committee, sending the message that the IRS is committed to catching intentional tax evaders. There was no ambiguity in the message of his testimony to Congress; he noted that under his watch, the IRS will aggressively pursue those purposely evading their tax obligations with civil and criminal enforcement. The commissioner made sure to mention that those who were not defrauding the system intentionally had nothing to worry about; they are not the target of stepped-up enforcement. The IRS will be targeting five major enforcement initiatives: Technology – The... View Article

  • Relief and Funding for Human Rights, Emergency Aid, Cash-Flow Assistance and New Infrastructure Projects

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

    🖨 Print⏱ 3 min readLaw Enforcement Suicide Data Collection Act (S 2746) – This bill authorizes the establishment of a new Law Enforcement Officers Suicide Data Collection Program to be administered by the FBI. The program will gather data related to suicides and attempted suicides of current and former officers, as well as the wrongful detainment of U.S. nationals abroad. The purpose of the Act is to help understand and prevent law enforcement suicides. The bill was introduced by Sen. Catherine Cortez Masto (D-NV) on Oct. 30, 2019. It was passed by the House and the Senate in May and... View Article

  • Robotics Carves Out Niche in Various Businesses

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

    🖨 Print⏱ 4 min readAway from the movies, robots are becoming a reality in everyday life. Robots have played a major role in manufacturing industries to perform basic tasks that are either dangerous or laborious for humans. As technology becomes relatively cheaper – through the availability of components such as processors, sensors, batteries, and cameras – robots are now making an entrance in industries apart from manufacturing, such as in marketing, inventory, telecommunications, and entertainment. Why Robotics in Business? To avoid confusion, it’s important to mention at this point that robotics often refers to software configured to carry out tasks... View Article

  • Hiring in the Age of Coronavirus

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

    🖨 Print⏱ 4 min readThe U.S. job market gained 2.5 million jobs during the month of May, dropping the unemployment rate to 13.3 percent, according to the U.S. Bureau of Labor Statistics. There’s likely been a lot of rehiring, with more to come as the economy continues reopening. However, until social distancing becomes a thing of the past, hiring effectively will take some pivoting during the pandemic. Finding Candidates Virtually Employers looking to interview and hire candidates can take advantage of LinkedIn during the pandemic. Along with providing a branding opportunity, the platform gives businesses a hybrid social media and... View Article

  • HEROES ACT Can Combat Economic Downtown

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

    🖨 Print⏱ 3 min readThe HEROES Act, otherwise known as the Health and Economic Recovery Omnibus Emergency Solutions Act, can greatly improve the benefits for the earned income tax credit (EITC) for eligible workers who don’t have children. This legislation would also help wage earners in the business-to-consumer and leisure sectors of the economy impacted severely by the coronavirus pandemic. Looking at the HEROES Act legislation and how it would help childless wage earners, we need to examine the rules surrounding the EITC and how many additional filers may qualify. While childless students pursuing formal education are still required to... View Article

  • Best Part-Time Jobs During Corona

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

    🖨 Print⏱ 4 min readEven though unemployment is still relatively high, there are still some great part-time jobs you can do that will help cover basic expenses. Here’s a list of the industries that are hiring right now: Paid Survey Participant If you like to share your opinions (and who doesn’t), this job is perfect for you. Companies are always looking for consumer opinions on a variety of things such as products, services, etc. Best of all, it’s completely online, so you can work from anywhere. Here’s a list of companies that are looking for your feedback: Swagbucks, PrizeRebel, SurveyJunkie,... View Article

  • How To Use Qualified Charitable Distributions For Charitable Giving

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

    🖨 Print⏱ 3 min readEach year, millions of Americans make donations to charitable organizations and receive something in return – a tax break. However, the 2017 Tax Cuts and Jobs Act curbed this tax advantage because it reduced the number of people eligible to claim a charitable deduction by raising the standard deduction. For 2020, the standard deduction is $12,400 for individuals and $24,800 for married couples filing jointly. If your list of deductions is not greater than those amounts, there is no tax benefit to itemizing – which means you might not be able to claim your charitable donation.... View Article

  • How Businesses Can Help Protect Themselves Against Civil Unrest

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

    🖨 Print⏱ 3 min readIf the COVID-19 pandemic isn’t a big enough strain on businesses trying to engage in commerce, whether it’s retailers, restaurants, manufacturers, or those in the service sector, civil unrest puts another strain on surviving the downturn. Based on recommendations from the U.S. Department of Homeland Security and the U.S. Small Business Administration, businesses can prepare for civil unrest. While the British firm Verisk Maplecroft predicts that 75 countries will see civil unrest in 2020, the United States has already seen its fair share recently. While the future intensity of civil unrest can’t be predicted, businesses can... View Article

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