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Updated on March 23rd, 2020 by Bob Ciura 2020 is shaping up to be a tumultuous year for the major grocery stocks. While industry trends are changing, as more consumers gravitate toward online shopping and grocery delivery, grocery stores are among the market’s outperformers during the massive sell-off. E-commerce giant Amazon.com (AMZN) made a huge…
Read MoreWe are scared. This virus threatens our lives. It threatens our families. It threatens our friends. We have physician friends crying between patients in fear that their partners who work in the emergency department (ED) may contract this virus, known to affect health care workers with greater severity than the average person. We see reports…
Read MoreThe coalition proposed the federal government set up and fund a central payroll account for small-business payroll processors to use to direct funds to small businesses to keep paying employees. Original Article Posted at : https://www.accountingtoday.com/news/aicpa-joins-coalition-urging-u-s-government-to-use-payroll-processors-to-fund-small-businesses-in-coronavirus-pandemic
Read MoreThe Financial Accounting Standards Board is coming under pressure to relax its credit losses standard as banks and other financial institutions see the value of their assets plunging from the sell-off in the capital markets amid the coronavirus pandemic. Original Article Posted at : https://www.accountingtoday.com/news/fasb-may-need-to-revise-cecl-to-deal-with-coronavirus-fallout
Read MorePast experiences should inform, but not determine, future action. This has been much on my mind as we bolstered outpatient psychiatric services in response to the COVID-19 crisis. The effort has felt deeply personal, as well as professionally imperative. Waiting now for my own COVID-19 test results, keeping physical distance from my family, I suddenly…
Read MoreI’m bombarded with emails of rapidly changing policies to prevent infections and identify COVID-19 patients (in the course of writing this, I’ve already received three more emails), I’m having a hard time finding masks because the nurses are hoarding them in some corner or taking them home, I feel regret for previously telling friends when…
Read MoreThe Big Four firm’s Charitable Foundation will split its donation among Feeding America, Direct Relief and local nonprofits. Original Article Posted at : https://www.accountingtoday.com/news/pwc-donates-2-85m-to-coronavirus-related-efforts
Read MoreAs we try to predict what will happen here in the US with COVID-19, it’s natural to look at the experience in China, where the epidemic began. In a study published in the journal Pediatrics, we learn about how the pandemic affected children. What this study tells us The study looked at information about 2,143…
Read MoreTwo new refundable payroll tax credits are aimed at immediately and fully reimbursing employers, dollar-for-dollar, for the cost of providing coronavirus-related leave to their employees. Original Article Posted at : https://www.accountingtoday.com/news/employers-can-begin-using-payroll-tax-credits-for-paid-leave-for-coronavirus
Read MoreIf you hadn’t previously thought about how you would build up a food supply for an emergency, the new coronavirus probably has made you consider it. What kinds of foods are best to keep in the pantry and freezer in case of a natural disaster, zombie apocalypse or pandemic that drags on for more than…
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