Thursday, April 30, 2020

Case: Wage & Hour/Overtime (5th Cir.)

Sufficient evidence supports a district court's finding that Maverick County in West Texas willfully violated the Fair Labor Standards Act by its pay practices, the Fifth Circuit ruled, upholding the trial court's determination that the county must pay almost $570,000 in back wages to more than 30 sheriff's deputies and nearly $200,000 in attorneys' fees.

Date: Case: Wage amp Hour/Overtime 5th Cir.
Twitter: @BloombergLaw
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Other things to check out:

County reluctantly agrees to pay $1.5M in overtime - Florida Keys Weekly Newspapers

County Administrator Roman Gastesi told The Weekly on April 28, "No one has gotten paid that money, and they're not going to get paid that money." He was referring to a spreadsheet provided to The Weekly by Clerk of the Court Kevin Madok that outlined employees' hours and amounts that total $1.5 million.

* * *

During the April 30 special meeting, County Attorney Bob Shillinger warned the commission that Cates' resolution could lead to costly legal ramifications.

Publisher: Florida Keys Weekly Newspapers
Date: 2020-04-30T20:35:25 00:00
Author: https keysweekly com 42 author mandykeysweekly com
Twitter: @keysweekly
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County weighs more Fire & Rescue hires to cut high use of overtime

In the next month, the Montgomery County Council will decide whether to fund 20 more firefighter positions
in its proposed Fiscal Year 2021 budget. The impending decision follows an inspector general report released last month that found significant cost overruns and staffing shortages in the department.

County Executive Marc Elrich's proposed $5.9 billion budget calls for $229.5 million toward Fire & Rescue and an additional 21 full-time-equivalent positions. These include 20 firefighters and one investigator for internal affairs.

Publisher: Bethesda Magazine
Date: 2020-04-30T15:01:12 00:00
Twitter: @Bethesda_Mag
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COVID-19 overtime requests could break county budget - Florida Keys Weekly Newspapers

Editor's note: This story has been updated to clarify the initial paid leave for furloughed workers.

During that paid leave for 61 furloughed workers, the remaining county employees were still working full time, with more than 400 of them accruing a total of $1.5 million in emergency response overtime pay.

Cates will introduce a resolution at the BOCC meeting Thursday, April 30, that would rescind the authorization for emergency response overtime pay and would effectively eliminate the bulk of that $1.5 million overtime total, representing 28,822 hours of work.

Publisher: Florida Keys Weekly Newspapers
Date: 2020-04-29T14:10:42 00:00
Author: https keysweekly com 42 author mandykeysweekly com
Twitter: @keysweekly
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And here's another article:

'Technical glitch' delays Gauteng health workers' overtime pay, says health MEC | News24

Due to a "technical glitch", Gauteng health department staff will not receive their commuted overtime pay on time, Health MEC Bandile Masuku said on Tuesday.

Speaking at a briefing with Health Minister Zweli Mkhize, and MECs from all provinces, Masuku said his team was trying to resolve the issue.

"The treasury department and our department's HR (human resources) are working 24 hours to make sure that glitch is resolved.

"We do value very much the role that our healthcare workers are playing in carrying the health system," Masuku said.

Publisher: News24
Date: 2020/04/29 10:46:23
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Missouri Supreme Court hears case on prison overtime pay - News - The Mexico Ledger - Mexico, MO

The state attorney general’s office urged the Missouri Supreme Court on Wednesday to overturn a $113 million award to corrections officers who claim they are due pay for the time it takes to begin and end each shift.

Chief Justice George Draper alone was present in the Jefferson City courtroom. With others participating via teleconference due to COVID-19 concerns, the judges heard Assistant Attorney General John Sauer argue that the time spent on pre- and post-shift activities is minimal.

Publisher: The Mexico Ledger - Mexico, MO
Date: 7E15F9269E2CE66F2A488ABB04B5015E
Author: Pat Pratt
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Fifth Circuit Holds Day Rates Do Not Satisfy the Salary Basis Test | Holland & Knight LLP -

In a significant and adverse ruling for employers, especially in the oil and gas industry, the U.S. Court of Appeals for the Fifth Circuit on April 20, 2020, held that a "day rate" does not satisfy the salary basis test for overtime exemptions – at least not without a guaranteed minimum that bears a reasonable relationship to total weekly wages. See Hewitt v. Helix Energy Solutions Group, Inc. , No. 19-20023 (5th Cir.).

The historically common practice of paying workers in the oil and gas services industry a "day rate" for each day worked has been the subject of significant overtime litigation across the country for several years now. This is because the most common exemptions to overtime under the Fair Labor Standards Act (FLSA) require that the employee be paid on a "salary basis" of at least a certain minimum amount. And, the argument goes, a "day rate" is simply not a "salary."

Publisher: JD Supra
Twitter: @jdsupra
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Overtime jumps 13% for Ohio prison workers as coronavirus hits staff, inmates - cleveland.com

CLEVELAND, Ohio – Phillip Morovia has earned more than $55,000 this year as a nurse caring for Ohio's prison population.

More than a third of that income has come from overtime pay while working at the Franklin Medical Center in Columbus – the prison system's healthcare facility, records show.

For Morovia and hundreds of other state prison employees, overtime has become increasingly common because of the novel coronavirus. Extra pay has jumped 13% over the same period last year, as the large-scale outbreak has forced prison staff to work longer, more taxing shifts.

Publisher: cleveland
Date: 2020-04-29T09:00:58.084Z
Author: jcaniglia
Twitter: @clevelanddotcom
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Happening on Twitter

How The CARES Act Became A Tax-Break Bonanza For The Rich, Explained : NPR

This is FRESH AIR. I'm Terry Gross. As small businesses and individuals struggle to obtain federal aid, the wealthiest are poised to reap tens of billions of dollars in tax savings. The economic rescue package that became law last month is giving $174 billion in temporary tax breaks. They're intended to help small businesses. But they're going overwhelmingly to rich individuals and large companies.

President Trump and his son-in-law, Jared Kushner, will likely benefit from these tax breaks. This is what my guest, Jesse Drucker, reports in The New York Times. He's an investigative reporter for The Times' business desk. He's been reporting on several of the Trump administration's tax and economic programs.

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Publisher: NPR.org
Date: 2020-04-30
Twitter: @NPR
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This may worth something:

Rogers Corporation Reports First Quarter 2020 Results - Odessa American: Business

"Rogers delivered solid first quarter results at the high end of our guidance range, despite the impact of the ongoing COVID-19 pandemic," stated Bruce D. Hoechner, Rogers' President and CEO. "The global Rogers team responded swiftly to focus on employee safety and health while maintaining continuity of our operations in order to meet commitments to our customers.

* * *

1 - Q4 2019 net loss and earnings per share inclusive of a non-cash after-tax pension settlement charge of $43.9 million, or $2.35 per diluted share

Publisher: Odessa American
Date: FC78D2861106382E17EA9DBADCE546CF
Twitter: @OdessaAmerican
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Taking Stock of Spending Through the Tax Code - Center for American Progress

President Donald Trump, left, looks at portraits as he walks down a corridor with Treasury Secretary Steven Mnuchin at the Treasury Building in Washington, D.C., April 2017.

The Tax Cuts and Jobs Act, which gave the largest tax cuts to the wealthiest Americans, also failed to address the inefficiency, lack of fairness, and cost of many spending programs administered through the tax code.

Importantly, tax expenditures are functionally the same as direct government spending. For example, from a budget perspective, it makes no difference whether taxpayers are allowed to lower their taxes by deducting the amount of interest they paid on a home mortgage or whether the government simply provides a check to homeowners for a percentage of mortgage interest paid in a given year.

Publisher: Center for American Progress
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Accenture Acquires NIKE Group to Enhance its RegTech and Compliance Capabilities for Financial

Accenture Acquires NIKE Group to Enhance its RegTech and Compliance Capabilities for Financial Services Firms Associated Press |

* * *

NIKE Group's data-driven approach and compliance platform help clients monitor new regulatory requirements and assist with compliance. This is particularly important as financial services' compliance departments continue to navigate an ever-expanding and complex set of regulations.

The team at NIKE Group will join Accenture's Italian Financial Services practice. The acquisition enhances Accenture's RegTech and compliance capabilities for clients in Italy and across Europe.

Publisher: Odessa American
Date: FC78D2861106382E17EA9DBADCE546CF
Twitter: @OdessaAmerican
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Check out this next:

Hays County searches for financial relief | San Marcos Record

Hays County unanimously called upon the state for financial relief for businesses and residents of Hays County in the wake of the COVID-19 financial crisis.

In a resolution addressing Gov. Greg Abbott, Comptroller Glenn Hegar, the Texas Legislature and the Hays Central Appraisal District, the commissioners call for the state to do whatever it can to relieve struggling residents in Hays County.

The resolution calls for an extension of the deadline to pay all taxes, granting a moratorium on property-tax penalties and interest and updating the Property Tax Code to allow for relief measures during Declared Disasters.

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Publisher: San Marcos Record
Date: 2020-04-29T19:06:17-05:00
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Break On Global Tax Could Help Cos. Absorb Virus Losses - Law360

Provisions in the CARES Act, passed by Congress last month, give companies more flexibility to shift and absorb losses, especially those from 2020. (AP)

* * *

Enter your details below and select your area(s) of interest to stay ahead of the curve and receive Law360's daily newsletters

Twitter: @law360
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Willis Towers Watson Reports Solid First Quarter 2020 Earnings | Benzinga

ARLINGTON, Va. and LONDON, April 30, 2020 (GLOBE NEWSWIRE) -- Willis Towers Watson (NASDAQ: WLTW ) (the "Company"), a leading global advisory, broking and solutions company, today announced financial results for the first quarter ended March 31, 2020.

"Willis Towers Watson executed well in the first quarter while navigating the unprecedented challenges brought on by the COVID-19 pandemic," said John Haley, Willis Towers Watson's chief executive officer. "I would like to personally acknowledge and thank our colleagues for remaining steadfast in supporting our clients and each other through a very challenging environment.

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Publisher: Benzinga
Twitter: @benzinga
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Happening on Twitter

Hard times require good economics: The economic impact of COVID-19 in the Western Balkans

Publisher: Brookings
Date: 2020-04-29T21:09:53 00:00
Author: Linda Van Gelder Gallina A Vincelette Marc Tobias Schiffbauer and Edith Kikoni
Twitter: @BrookingsInst
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Quite a lot has been going on:

Economic data, commodities and markets | Economic and financial indicators | The Economist

This article appeared in the Economic and financial indicators section of the print edition under the headline "Economic data, commodities and markets"

Publisher: The Economist
Twitter: @TheEconomist
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'Undercounting the Economic Pain' Even as Jobless Ranks Soar - The New York Times

Despite trillions in stimulus spending and a rush to reopen shuttered businesses in some states, the American economy continues to stagger under the weight of the coronavirus pandemic, with another 3.8 million workers filing for unemployment benefits last week.

The figures announced Thursday by the Labor Department bring the number of workers joining the official jobless ranks in the last six weeks to more than 30 million, and underscore just how dire economic conditions remain.

Date: 2020-04-30T12:47:23.000Z
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Home financing 'hit a perfect storm' with virus and the economic downturn - The Washington Post

Despite the challenge of the coronavirus , Ashlynn White, a 22-year-old management trainee with Mountaire Farms of Delaware, will soon become a first-time homeowner.

"My $1,400 rent is higher than a mortgage payment would be," says White. "I contacted a lender even before I started my first job just to see whether I could qualify based on my projected salary."

White says she anticipates closing on a newly built single-family house in Worcester County, Md., at the end of May.

Publisher: Washington Post
Date: 2020-04-30T10:34:10.542Z
Twitter: @WashingtonPost
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Quite a lot has been going on:

Interim Report – The Dasgupta Review: Independent Review on the Economics of Biodiversity

Interim Report of the independent Review on the Economics of Biodiversity led by Professor Sir Partha Dasgupta.

* * *

The independent Review will explore the sustainability of our engagements with Nature – what we take from it; how we transform what we take from it and return to it; why we have disrupted Nature's processes; and what we must urgently do differently to enhance our collective wealth and well-being, and that of our descendants.

Publisher: GOV.UK
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Wall Street pulls back as dismal economic data piles higher | National | heraldmailmedia.com

Wall Street pulled back on Thursday after more reports made clear the worldwide devastation the coronavirus outbreak is causing for the economy.

In the United States, another 3.8 million workers filed for unemployment benefits last week as layoffs continue to hammer the country. In Europe, the region's economy crumpled by the sharpest degree in at least 25 years.

The dour figures helped drive most U.S. stocks to losses, and the S&P 500 was down 1.3% at one point, though it quickly halved the loss on strength for Facebook and a handful of other big companies that reported encouraging results. Treasury yields were also lower, while European stocks fell more sharply, slamming the brakes on a strong rally that had circled the world a day earlier.

Publisher: Herald-Mail Media
Author: STAN CHOE AP Business Writer
Twitter: @HeraldMailNews
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Bloomberg - Are you a robot?
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Data shows low-key European economic revival - Chinadaily.com.cn

Countries across Europe are making a gradual return to economic activity as novel coronavirus measures are relaxed, data has revealed, but a full-scale return to business still looks distant.

Italy and Spain, two of the worst-affected countries, and also Germany have been among the first countries to ease the rules and allow some commercial premises and workplaces to reopen, and France will begin the process early in May.

Although figures for economic consumption are not yet available, indicators such as travel data and energy consumption show that there are definite changes in behavior.

Author: 代艳
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Happening on Twitter

States need revenue. These taxes might go up

States facing revenues in sharp decline amid the coronavirus pandemic have tough choices ahead – and you might be shelling out more in state and local taxes as a result.

State and local governments were left out of the $484 billion coronavirus relief bill that President Donald Trump signed into law last week.

"Our costs are going up, serving folks who have lost their jobs, small businesses that have been crushed, folks who are in the health-care system," said New Jersey Gov. Phil Murphy in a Monday morning interview on CNBC's Squawk Box.

Publisher: CNBC
Date: 2020-04-28T19:44:50 0000
Author: https www facebook com CNBC
Twitter: @CNBC
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Were you following this:

Back to the wealth tax - POLITICO

— A new paper argues that wealth is quite concentrated at the top, but the increase hasn't been as pronounced as other estimates have suggested, raising questions about the rationale for a wealth tax.

* * *

— Another new paper insists the federal government needs to further delay tax filing deadlines, just as the IRS is ramping up staffing to deal with the current filing season.

— Well then: Treasury Secretary Steven Mnuchin says that families of dead persons who received a direct stimulus payment should send that money back.

Publisher: POLITICO
Twitter: @politico
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Residents of this city received the largest tax refunds

Residents in Midland, Texas, received the most money back from Uncle Sam when they filed their 2018 tax returns: an average refund check of $3,800, according to MagnifyMoney.com.

The personal finance site analyzed 2018 tax filing data from the IRS, focusing on 157 metropolitan areas in the U.S.

Houston and McAllen, Texas, both round out the top three cities with the heftiest refunds from Uncle Sam, with taxpayers getting back an average of $3,735 and $3,604, respectively, MagnifyMoney found.

Publisher: CNBC
Date: 2020-04-29T17:06:59 0000
Author: https www facebook com CNBC
Twitter: @CNBC
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Freeze property taxes - Isthmus | Madison, Wisconsin

There have been no cuts, furloughs or reduced hours for municipal workers in the City-County Building or anywhere else in city government yet.

It's time for local governments in Dane County to make some cuts in response to the economic dislocations caused by the coronavirus epidemic. And, unfortunately, to be meaningful they'll also have to be somewhat painful.

Other state and local governments are acting as well. The city of Los Angeles is planning to impose 26 unpaid days of leave on its workers while Detroit has laid off 200 and furloughed others. Michigan Gov. Gretchen Whitmer, a Democrat and a short list candidate to be Joe Biden's running mate, has furloughed 6% of the state's workforce.

Publisher: Isthmus | Madison, Wisconsin
Date: 2020-04-29T12:00:00
Author: Dave Cieslewicz
Twitter: @Isthmus
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In case you are keeping track:

Nashville mayor proposes 32 percent property tax hike in response to pandemic | TheHill

Nashville Mayor John Cooper is pushing a 31.7-percent increase in property taxes — the first tax hike since 2012 — as the city scrambles to balance its budget, according to The Tennessean.

The plan increases property taxes by $1 for fiscal 2021, which would move the rate from $3.155 to $4.155.

"This is a crisis budget," Cooper said at a city council meeting Tuesday, the newspaper reported. The mayor announced a $2.44 billion budget proposal, which is about $115 million more than the current fiscal year.

Publisher: TheHill
Date: 2020-04-29T15:40:50-04:00
Author: J Edward Moreno
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Montville Twp Residents Must Pay Their Taxes on Time, Twp Says | TAPinto

MONTVILLE, NJ – Taxpayers must pay their taxes on the regular due date of May 1 in Montville, despite the governor’s executive order (#130) affording the opportunity to postpone the due date. Montville officials said that the order was issued too late for them to act on the order, plus they would have to take on debt in order to pay regular bills that come due, which would ultimately cost taxpayers more money.

Publisher: TAPinto
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May 1 state tax deadline approaching, but relief offered for late filers

ROANOKE, Va. – If you have not filed your state tax return yet, the deadline is quickly approaching, but you may have more time than you think.

Virginia's tax deadline is May 1, but because of COVID-19, there is a six-month extension period if you do not file on time. However, all payments for your taxes are due by June 1, regardless of the extension.

David Kembel of Kembel Tax Service says people with a likely refund can wait until November 1 if they want. However, if you owe money or are likely to owe money on your return, you have to pay what you owe by June.

Publisher: WSLS
Date: 2020-04-30T00:36:37.220Z
Author: Taj Simmons
Twitter: @WSLS
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Toms River Regional cuts 37 jobs, raises taxes, but sports and clubs survive

TOMS RIVER -- A somber Toms River Regional Board of Education voted to adopt a $252.3 million budget for 2020-2021 that cuts 37 staff positions and raises taxes for all four towns that send students to the district, but maintains sports programs and extracurricular activities that had been threatened by state aid cuts.

Board members voted 6 to 3 to adopt the budget, and even those who supported the spending plan said they were not pleased with the choices the board and the district's administration were forced to make.

Publisher: Asbury Park Press
Author: Jean Mikle
Twitter: @AsburyParkPress
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Happening on Twitter

Wednesday, April 29, 2020

India Accounting Software Market- Industry Analysis and Forecast (2019-2026) - MR Invasion

India Accounting Software Market was valued US$ XX Mn in 2018 and is expected to reach US$ XX Mn by 2026, at a CAGR of XX % during a forecast period.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.

* * *

An introduction of the innovative technologies are playing a crucial role in the rapid transformation of the accounting sector. Some of the technologies e.g., cloud, artificial intelligence (AI), and blockchain are creating opportunity to access financial data from any internet-enabled device.

Publisher: MR Invasion
Date: 2020-04-30T02:41:23 00:00
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In case you are keeping track:

Two former Penn West execs settle accounting fraud charges with SEC | Article | Compliance Week

The former chief financial officer and former vice president of accounting and reporting at Canadian oil and gas company Penn West Petroleum have settled charges for their role in an accounting fraud scheme that spanned several years, the Securities and Exchange Commission announced Tuesday.

In June 2017, the SEC had charged Penn West Petroleum (now doing business as Obsidian Energy) with fraudulently moving hundreds of millions of dollars in expenses from operating expense accounts to capital expenditure accounts.

Publisher: Compliance Week
Date: 2020-04-30 05:14:10.457
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Accounting Professor is an Institution at L&C | RiverBender.com

GODFREY – In the 50 years since Lewis and Clark Community College was founded, few have left their mark on the institution like Professor of Accounting Margie Sinclair-Parish, who has been a faculty member for 38 years.

Sinclair-Parish began her journey with L&C as a student, earning an Associate in Arts in 1975. After achieving her Bachelor of Science in Business Administration in 1977 and a Master of Business Administration in 1984, both from Southern Illinois University Edwardsville, she began teaching part time at L&C in 1982, gaining a full-time position in 1986.

Publisher: RiverBender.com
Date: 2020-04-29T16:54
Twitter: @RiverBenderNews
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FASB Q&A tackles coronavirus effect on hedge accounting | Article | Compliance Week

The Q&A is the latest attempt by FASB staff to provide guidance to stakeholders on how accounting standards are being affected by the ongoing pandemic. In this case, questions have been raised about how to account for the cancellation of or delay in forecasted transactions as a result of COVID-19. ASC 815 guidance includes when to discontinue cash flow hedge accounting and how to reclassify amounts deferred in accumulated other comprehensive income (AOCI) to earnings.

Publisher: Compliance Week
Date: 2020-04-30 05:14:17.769
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This may worth something:

The Implications of GASB Statement 87 on Lease Accounting - The CPA Journal

In 2016, after a 10-year joint project between FASB and the IASB, FASB issued Accounting Standards Update (ASU) 2016-02, Leases (Topic 842), which required for-profit entities to recognize lease assets and liabilities on the balance sheet after December 15, 2018, for public companies and December 15, 2019, for privately held companies. Many observers expected GASB to carbon-copy FASB’s new guidance on leases; however, it did not.

Publisher: The CPA Journal
Date: 2020-04-29T16:25:00 00:00
Twitter: @thecpajournal
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Kerkering, Barberio & Co.

Kerkering, Barberio & Co., Certified Public Accountants, is pleased to announce that the Sarasota accounting firm has been ranked by Accounting Today as a 2020 Regional Leader for the Gulf Coast. Firms from across Alabama, Florida, Louisiana and Mississippi comprise the region, which experienced an average firm growth rate of 6.54% for 2019. With three offices across the Tampa Bay region, KB saw growth of 10.91% in 2019. Nationwide, regions averaged growth rates of 6.54% to 10.72%.

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SEC Investigates China's Luckin Coffee Over Accounting Scandal - WSJ

Luckin says it is China's largest coffee chain by stores. Photo: fred dufour/Agence France-Presse/Getty Images

* * *

WASHINGTON—The Securities and Exchange Commission is investigating Luckin Coffee Inc.'s disclosure that some of its employees cooked its books last year, according to people familiar with the matter.

Luckin announced April 2 that some employees, including its chief operating officer, fabricated 2.2 billion yuan ($310 million) in sales from the second quarter to the fourth quarter of last year. The company said a special committee of its board of directors would oversee an internal investigation by law firm Kirkland & Ellis LLP.

Publisher: WSJ
Date: 2020-04-29T09:30:00.000Z
Author: Dave Michaels
Twitter: @WSJ
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Connecticut to partner with local firms to expand captive insurance program | Accounting Today

The State of Connecticut Insurance Department has launched an initiative to work with local accounting firms to expand their presence in the captive insurance company market.

As firms and professionals hold the role of a trusted advisor to mid-sized businesses, the SCID feels that they are best positioned to assist in the education and communication of the benefits of captive insurance companies to local businesses. The state has tapped the National Network of Accountants and Private Insurance Management Inc. to assist in the design and launch of the education program.

Publisher: Accounting Today
Date: 2020-04-29T15:40:46.219
Author: https www accountingtoday com author sean mccabe
Twitter: @AccountingToday
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Happening on Twitter

Paycheck Protection Program For Small Businesses During Pandemic Had Loopholes : NPR

When officials with Chembio Diagnostics heard about the Small Business Administration's Paycheck Protection Program, they jumped at the chance to get a share of the public money.

* * *

Goldwein says it's not acceptable for companies to participate in the program when they're actually benefiting from coronavirus: "Companies have to self-certify that they need this money because they are experiencing adverse affects."

Page says it was totally proper for her company, which has gotten government grants over the years to work on testing, to take the paycheck protection money.

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Publisher: NPR.org
Date: 2020-04-29
Twitter: @NPR
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In case you are keeping track:

Tesla turns surprise first-quarter profit despite coronavirus shutdown - Business Insider

"Despite global operational challenges, we were able to achieve our best first quarter for both production and deliveries," the company said. However, Tesla Semi deliveries will be delayed until 2021 as the carmaker focuses on scaling up Model Y production, the company said. 

Tesla's stock price spiked as much as 8% in after-hours trading following the release. Shares of the company were down about 13% from their recent highs at Wednesday's close, mirroring a similar sell-off in wider equity indexes.

Publisher: Business Insider
Date: 2020-04-29
Author: Graham Rapier
Twitter: @CarsInsider
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Coronavirus treatment: Gilead says positive data on remdesivir coming - Business Insider

A leading coronavirus treatment candidate succeeded in a critical trial, helping COVID-19 patients who took it recover faster than those who got a placebo.

The patients taking remdesivir recovered 31% faster than those taking the placebo, the NIH found. The typical patient who took remdesivir recovered in 11 days, while the typical patient in the placebo group recovered in 15 days.

* * *

Merdad Parsey, Gilead's chief medical officer, said Gilead's results complemented the data from the NIH's placebo-controlled trial and were intended to help figure out the right dose to give patients. The trial generated similar results for patients treated with the five-day course and those treated with the 10-day course, Gilead said.

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Publisher: Business Insider
Date: 2020-04-29
Author: Andrew Dunn
Twitter: @SciInsider
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City of Atlanta COVID-19 Business and Restaurant Reopening Survey - Eater Atlanta

Residents of Atlanta are being asked to voice their opinions on how the city should reopen for business by taking an online survey . The survey is featured on the city's official COVID-19 response website, #ATLStrong.org , which is meant to provide public resources, guidance, and updates on the novel coronavirus and its impact on Atlanta. People can also complete the survey by calling 404-546-0311.

Questions on the survey range from a person's willingness to patronize restaurants, salons, and sports venues right now, to measures that must be taken by businesses in order for people to feel safe returning.

Publisher: Eater Atlanta
Date: 2020-04-29T12:04:50-04:00
Author: Beth McKibben
Twitter: @EaterAtlanta
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Were you following this:

Questions abound about business reopening plans - Portland Press Herald

A narrow category of businesses will be permitted to reopen throughout Maine on Friday, but state officials were still finalizing details Wednesday about how that process will occur and what business owners will be required to do in order to welcome customers back.

Meanwhile, many other businesses and public services remain in a holding pattern, unsure where they fit into the state’s plan to gradually reopen the economy.

At an afternoon press conference, Heather Johnson, commissioner for the Department of Economic and Community Development, urged patience and flexibility as state regulators wade through problems that have no modern precedent in public health or economics.

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Publisher: Press Herald
Date: 2020-04-29T17:45:46-04:00
Author: https www facebook com mattbyrnejournalism fref ts
Twitter: @pressherald
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Coronavirus response: Big Trump donors influencing White House

President Donald Trump has sought and received advice on tackling the coronavirus crisis in private conversations with several of his allies in the business world, according to people familiar with the matter.

There are at least four executives Trump and his team have been in regular contact with, according to the people, who declined to be named due to the private nature of the conversations. They include Blackstone CEO Steve Schwarzman, Oracle Executive Chairman Larry Ellison, Bank of America CEO Brian Moynihan and John Catsimatidis, CEO of New York grocery chain Gristedes. Three of the men – Ellison, Schwarzman and Catsimatidis – are big Trump donors.

Publisher: CNBC
Date: 2020-04-29T20:42:24 0000
Author: https www facebook com CNBC
Twitter: @CNBC
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Business owners who care for Washington's powerful now look to them for survival - CNNPolitics

(CNN) The nation's capital is a town where relationships are currency -- and where behind all the partisan bluster, most businesses run in a party-free zone, serving and tending to both Republicans and Democrats. They actually operate not knowing, nor particularly caring, who is whom, as long as the customers are kind and repeat business, bills get paid and people, to the left or the right, treat each other well.

CORRECTION: This story has been updated to reflect chef and owner Amy Brandwein's revenue is down 70% as a result of coronavirus.

Publisher: CNN
Date: 2020-04-29T15:38:38Z
Author: Kate Bennett CNN
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Middletown small-business owners catering to customer needs amid pandemic - The Middletown Press

Amato's Toy and Hobby in Middletown has devised a way to stay in business during the corona pandemic by offering take-out gifts, puzzles, toys, hobbies — everything they normally sell. They're communicating much more with customers during the coronavirus pandemic than every before.

* * *

MIDDLETOWN — Small business owners in Middletown are turning social distancing practices implemented during the coronavirus epidemic to their advantage by shifting their marketing model into a virtual personal shopping experience.

Publisher: The Middletown Press
Date: 2020-04-29T21:00:00Z
Author: By Cassandra Day
Twitter: @Middletownpress
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Will there be another stimulus check? How Congress may send more money

Millions of those one-time payments are still on their way to Americans. The coronavirus shutdown, however, could have economic effects for months.

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"Others have suggested a minimum income, a guaranteed income for people," Speaker of the House Nancy Pelosi said in an interview with MSNBC on Monday. "Is that worthy of attention now? Perhaps so."

However, proposals to get more money to people share one big dilemma: How to give a financial boost to those who really need it.

Publisher: CNBC
Date: 2020-04-28T20:35:23 0000
Author: https www facebook com CNBC
Twitter: @CNBC
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Other things to check out:

California food for seniors plan could run out of money soon - ABC News

LOS ANGELES -- California Gov. Gavin Newsom's first-in-the-nation plan to pay for and deliver three meals a day to vulnerable seniors during the coronavirus crisis has less than two weeks to launch before federal funding runs out, government documents show.

It wasn't clear how many, if any, cities and counties would be delivering meals in substantial numbers by May 10, when money from the Federal Emergency Management Agency is set to end. Also unclear is how much FEMA has budgeted for the program, though it told The Associated Press there is no preset limit.

Publisher: ABC News
Date: 2020-04-29T13:13:20Z
Author: ABC News
Twitter: @ABC
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Some Earning More Money On Unemployment Than While Working - What Is Their Incentive To Return To

Experts expect unemployment numbers to continue to rise through the early summer until more states loosen their stay at home requirements. 

The additional $600 weekly unemployment benefit was designed to bring total federal and state unemployment benefits up to the average median weekly wage. 

In effect, this is acting as a full income replacement for many individuals up to the median wage. In some cases, unemployed workers are earning more money while unemployed than they were while working.

Publisher: Forbes
Date: 2020-04-28
Author: Ryan Guina
Twitter: @forbes
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Denver muralist raising money for businesses who've supported him | 9news.com

DENVER — It's easy to become mesmerized with every brushstroke as Patrick Kane McGregor, known more commonly as Kane, paints a large-scale, colorful dog on a plywood-covered window.

Painting man's best friend has become a signature for McGregor. He usually paints his own dog, Boug, an English bulldog who McGregor said sadly passed a few years ago.

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On a boarded-up window at Meadowlark Kitchen in the River North Art District (RiNo), McGregor worked on a mural of a pug named Winston. The dog in North Carolina has recently been making headlines as the first dog presumed to have tested positive for COVID-19.

Publisher: KUSA.com
Date: 4/29/2020 4:25:21 AM
Twitter: @9NEWS
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Smaller businesses have better chance with new PPP money, NC SBA director says | WLOS
Publisher: WLOS
Date: 2020-04-28T23:08:59 00:00
Author: Caitlyn Penter
Twitter: @http://twitter.com/wlos_13
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Northwestern University turns down $8.5 million in federal coronavirus relief money - Chicago

Northwestern University says it will turn down about $8.5 million in federal stimulus money that it was set to receive from the U.S. Department of Education, following similar moves by wealthy universities that returned funds so schools in greater need could benefit.

The CARES Act, which set aside about $14 billion for higher education, reserved money for universities and colleges based on the number of students it enrolled and how many of them came from low-income backgrounds. Half of the money that schools received must be used to offer students emergency financial aid grants, and the rest of the money can be put toward other costs stemming from the COVID-19 pandemic.

Publisher: chicagotribune.com
Date: AAC9C18F70AC386BC4DCF4DDF9BF1786
Author: Elyssa Cherney
Twitter: @chicagotribune
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125 Ways to Earn Extra Money—How To Earn Extra Money
Publisher: Parade
Date: 2020-04-27T17:20:34-04:00
Author: Maryn Liles
Twitter: @ParadeMagazine
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Wealthy Move Their Money To Tax Havens

Lockdown might impact peoples' ability to move across borders, but it doesn't stop money flowing into tax havens around the world.

The economic shocks of coronavirus have meant that offshore financial centres such as Switzerland are back to their old tricks: Banking peoples' money away from their more risky homelands.

UBS, a Swiss bank and the world's largest wealth manager, announced its profits were up by 40%. In the first three months of 2020, it saw $12 billion in net new money, nearly treble the amount banked in the previous quarter.

Publisher: Forbes
Date: 2020-04-28
Author: Ollie Williams
Twitter: @forbes
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The Relevance Of The Natural Sciences Methods In Economics

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