Month: February 2021

New Year-End Tax Provisions - Feb. 01, 2021

New Year-End Tax ProvisionsIn late December, Congress passed the Consolidated Appropriations Act, which in addition to providing COVID-19 relief provisions also included many tax provisions and extenders. The Act contained many COVID-related tax provisions, as well as a slew of extenders ranging from one year to permanent. This article will focus on the miscellaneous tax and disaster relief […] read more

How Firms Can Restore Balance Sheets to Better Health - Feb. 01, 2021

How Firms Can Restore Balance Sheets to Better HealthAccording to the World Bank Group, for businesses in emerging markets and developing economies, the bottom fourth percentile of the non-financial corporate (NFC) sector saw their balance sheets deteriorate. Looking at these businesses’ Interest Coverage Ratio, the average figure dropped to 0.06 from 0.35 between the fourth quarter of 2019 and in the midst of […] read more

While Many Suffer Financially, Some Manage to Profit off Pandemic - Feb. 01, 2021

While Many Suffer Financially, Some Manage to Profit off PandemicThe Federal Reserve recently reported that the 50 richest people in the United States increased their net worth by $339 billion during the first half of 2020. There are two primary contributors to this near-unprecedented level of growth. The first is that many either owned or were heavily invested in tech companies that thrived during […] read more

How to Budget During a Pandemic - Feb. 01, 2021

How to Budget During a PandemicRight now with everything that’s going on, navigating your finances might feel overwhelming. However, there are some strategies that will help you manage cash shortfalls. Mariel Beasley of Duke University’s Common Cents Lab offers ways to help you manage during these trying times. Use Mental Accounting Translated, this means prioritizing what’s most important and cutting […] read more