Sunday, February 28, 2021

Diversity in accounting field: Black children should be encouraged

I remember growing up in the small town of Victoria, Mississippi, where my grandfather was a teacher, coach, business owner and tax preparer within my community.

My first time hearing about accounting was in high school when a few of my white friends took an accounting course. The first accountant I knew was the teacher who taught the course who was also white. I thought to myself that this course and career was not for me. After all, I had dreamed that when I grow up I would be a doctor. Normally, most children would hear people tell them to be a doctor, a lawyer, or a teacher but I never heard to "be an accountant" as a child.

Publisher: The Clarion-Ledger
Author: Adrian Mayse
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And here's another article:

Global Cost Accounting Software Market 2025: Constellation Software, Technology Group

A new report on global Cost Accounting Software marke t assessing various business strategies, cost stratification, raw material sourcing, manufacturing capabilities, cost assessment, along with demand and supply channel assessment are maneuvered in great detail. The report incorporates a figurative review of various DROT elements comprising potential propellants, growth deterrents, ample opportunities, indicative trends that structure out a detailed assessment of the market.

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Connecting Expected Stock Returns to Accounting Valuation Multiples: A Primer - HBS Working

We outline a framework in which accounting "valuation anchors" could be connected to expected stock returns. Under two general conditions, expected log returns is a log-linear function of a valuation (market value-to-accounting) multiple and the expected growth in the valuation anchor. We show that the framework can: 1) allow for expected enterprise returns, 2) correct for the use of stale accounting data in estimation, and 3) accommodate differences in information quality.

Publisher: HBS Working Knowledge
Date: 28 Feb 2021
Twitter: @HBSWK
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Boone County Chamber hosts ribbon-cutting ceremony for Lebanon Tax & Accounting •

The Boone County Chamber held a ribbon-cutting ceremony Feb. 23 to celebrate Julie McCall's ownership of Lebanon Tax & Accounting. Formerly, McConnell CPAs, the firm is still located at 1201 Indianapolis Avenue, in Lebanon. With more than 30 years of collective experience, Lebanon Tax & Accounting offers many services to current and new clients, such as tax services, accounting services, consulting and small business planning. For more, visit lebanontaxaccounting.com.

Publisher: Current Publishing
Date: 2021-02-27T22:19:24-05:00
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Other things to check out:

Kevin Dolphin accounting firm changes hands | Celebrations | globegazette.com

Gogerty & Associates PLC is a full-service certified public accounting firm providing tax and accounting services to North Iowa from its office in Mason City. As part of the firm's succession plan, on Jan. 1, 2021, Eric Gogerty acquired the accounting practice and will manage the firm going forward.

Gogerty has been a practicing CPA in Mason City for 25 years with 14 of those years working with Dolphin. Dolphin remains with the new firm in an active role with the tax and accounting practice.

Publisher: Globe Gazette | Mason City, Iowa | globegazette.com
Author: Globe Gazette
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Accounting Information System Market Report 2020-2026: Current Scenario for Business

The report on the Accounting Information System market provides a brief overview of the market along with the product definition and market scope. The sections following the introductory chapter provide an in-depth study of the market based on extensive research analysis. Along with the market dynamics, the report also presents a comprehensive analysis of the market covering the supply and demand forces.

The Accounting Information System study report additionally provides analysis on the market share for significant stakeholders in their global capacity as transformers of the overall scale. This qualitative and quantitative analysis will contain key product offerings, crucial differentiators, revenue share, market size, market status, and strategies of top leading players.

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PwC offers free masters degree for Black, Latinx accountants | Accounting Today

Pursuing higher education is a barrier for many working professionals, but PwC's latest program is helping diverse students earn a free master's degree on the job.

The PwC program is also seeking to close the diversity gap in the accounting industry by choosing 40 Black and Latinx students from across the nation to participate in their free masters program. As an industry, accounting lacks diversity; of the 1.9 million accountants in the U.S., only less than 9% of them are Black, according to the Bureau of Labor Statistics. The lack of representation is even more staggering for the coveted CPA role, which are held by less than 1% of Black employees.

Publisher: Accounting Today
Date: 2021-02-22T16:46:49.366
Author: https www accountingtoday com author kayla webster
Twitter: @AccountingToday
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IFAC teams with IIRC to speed integrated reporting assurance services | Accounting Today

The International Federation of Accountants is partnering with the International Integrated Reporting Council on a joint initiative for providing assurance services related to financial and nonfinancial metrics.

The initiative, called "Accelerating Integrated Reporting Assurance in the Public Interest," aims to help more businesses implement integrated reporting, which brings together traditional financial reporting with other issues such as environmental, social and governance (ESG) reporting, along with human capital and other matters. The joint initiative launched on Friday and will be rolled out in installments.

Publisher: Accounting Today
Date: 2021-02-26T20:44:30.717
Author: https www accountingtoday com author michael cohn
Twitter: @AccountingToday
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Happening on Twitter

The Week in Business: A Snag in the Fight for $15 - The New York Times

Welcome to the end of February. Here's your quick run-down of the business and tech news to know for the week ahead, and stay warm. — Charlotte Cowles

Jerome H. Powell, the Federal Reserve chair, testified before Congress last week about plans to bolster the economy's recovery. It was scintillating stuff, as usual, and nothing new — he reiterated that the central bank would keep interest rates low and stimulus flowing freely to support the country's comeback for as long as necessary.

Date: 2021-02-28T12:00:04.683Z
Twitter: @nytimes
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Many things are taking place:

The Day - Business Briefs - News from southeastern Connecticut

At a moment of historic disruption and change with the ongoing COVID-19 pandemic , and the calls for social and racial justice , there's never been more of a need for the kind of local, independent and unbiased journalism that The Day produces.
Please support our work by subscribing today.

* * *

Mystic Aquarium recently announced Tina Couch has joined the organization as Vice President of Development. She is responsible for all aspects of fundraising and membership. Most recently, Couch worked at an independent K-8 school.

Publisher: The Day
Date: 20210228000100
Twitter: @thedayct
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Some property owners raise concerns with Watertown's downtown business district proposal |
Publisher: NNY360
Author: CRAIG FOXcfox wdt net
Twitter: @wdtnews
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Beating the odds: Launching a business during COVID demands determination, opportunity

At the start of 2020, it was all lining up for Kim Davis: She'd spent years growing her clothing boutique, Flower Wild, online; in January, she signed a lease in a new retail development to open her first physical storefront. She was supposed to move in that March.

Then the COVID-19 pandemic hit. Supply chains ground to a halt. Construction on the retail space Davis leased was delayed through the summer. By the time the building was completed, it was three months past her original move-in date.

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Publisher: Boulder Daily Camera
Date: 2021-02-28T14:00:36 00:00
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Quite a lot has been going on:

Passing down a business? Here’s how to keep it fair for heirs – Press Enterprise

Some of our clients will tell you there was nothing more satisfying than to start and grow a successful business and see their children (and sometimes grandchildren) assume its management.

In fact, multigenerational family businesses are the oldest and most common form of financial organization globally and include not just small mom and pop corner shops but also over 40% of public companies like Walmart and Samsung.

We have also heard stories of family members who left the farm to “make it big” or had no interest in learning the family trade. Often, those who left had valid reasons and were successful — not at all like in the parable of the prodigal son. What should you do if not all of your kids are on board to run the family business?

Publisher: Press Enterprise
Date: 2021-02-28T13:30:05 00:00
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Dayton business people on the move

An Oakwood woman was appointed Friday for an eight-year term on the Wright State University Board of Trustees.

Ohio Gov. Mike DeWine named Dawn M. Conway to the board. She began this position on Feb. 22, according to a release from the governor's office. Conway's appointment is through June 30, 2029.

She is the CEO of Boost Engagement in Dayton, a former senior vice president at LexisNexis in Miamisburg, a member of the American Bar Association Anti Human Trafficking Task Force and a former Culture Works board member in Dayton.

Publisher: dayton-daily-news
Twitter: @dayton-daily-news
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LinkedIn Is Building A Gig Marketplace, And Other Small Business Tech News

Here are five things in technology that happened this past week and how they affect your business. Did you miss them?

* * *

2 — A Dallas fintech startup is taking the awkwardness out of lending to friends and family.      

"Until now, the Material Design theme was only available for use on Android apps," writes Georgia Coggan. "But as of right now, those creating webpages will be able to use Google Fonts to add attention-grabbing typography, brighten things up with the perfect color theme, create custom shapes and pick from a range of icon styles, too. There is a choice of three preset themes (which can be tweaked to customize), or users can create custom themes."

Publisher: Forbes
Date: 2021-02-28
Author: Gene Marks
Twitter: @forbes
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Progress People: Suzanne Moseley offers advice to business world | News |
Publisher: Marshall News Messenger
Author: Jessica Harker Jharker marshallnewsmessenger com
Twitter: @News_Messenger
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7 tips to help singles win with money | AZ Big Media

"When you're single, all financial decisions and obligations fall to you, which can be overwhelming," said Michael Sullivan, a personal financial consultant with Take Charge America, a national nonprofit credit and debt management agency . "But with the right mindset and determination, you can build a financial foundation that sets you up to win with money regardless of your relationship status."

* * *

#MoneyGoals: Before you can win with money, you need to know what you want it to do for you. Get out of debt? Buy a home? Travel the world? Set goals that excite you and keep you motivated to achieve them.

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Publisher: AZ Big Media
Date: 2021-02-27T15:50:24 00:00
Author: Blufish
Twitter: @AZBigMedia
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While you're here, how about this:

This week's money tips: Debunking retirement myths and turning your quarantine clutter into cash

Still, many Americans say they took on more debt last year because of the pandemic, according to NerdWallet's household debt survey.

If you are one of them, or if you have other household debt that's been put on hold, you may not want to rush to pay that money back even if you can. The COVID-19 crisis and its economic fallout are far from over, so you'll want to be strategic when dealing with pandemic-related and other debt.

In 2020, the number of Black and Latino certified financial planners in the U.S. grew 12.6% from the previous year — certainly good news. The more sobering statistic from the CFP Board is that there are still only 1,493 Black CFPs today, and they make up less than 2% of all CFP professionals.

Publisher: North Platte Nebraska
Author: _____
Twitter: @nptelegraph
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Money myths: Credit cards, paying off balances, avoiding interest and saving - ABC7 Chicago
Publisher: ABC7 Chicago
Date: 2021-02-28T02:16:31Z
Twitter: @abc7chicago
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Millennials Now Saving More Money Than Their Parents According to Zip

The differences in the attitudes of millennials toward money and previous generations are widely discussed. But new data shows millennials are better at trying to save than previously thought. Perhaps, even better than their baby boomer parents.

The differing money-related behaviours of millennials compared to their parents have resulted in their ability to save more. By putting their money into savings accounts, exploring investment plans, and choosing smart financial technology services, millennials are setting the foundation for a strong financial future.

Twitter: @Yahoo
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While you're here, how about this:

2 No-Brainer Stocks That Could Double Your Money With Zero Effort | The Motley

In the stock market, appearances can be deceiving. Securities that seem to be on an unstoppable upward trajectory can sometimes be rising for all the wrong reasons. However, some companies deliver juicy stock market gains for all the right reasons -- because their businesses look to be on a path to long-term success in an industry ripe for growth.

* * *

Jeff Bezos' decision to step down may turn some investors off; CEO transitions aren't always flawless. But Jassy has proved to be very capable, having led AWS to become the most dominant force in the cloud infrastructure market.

Publisher: _____
Date: 2021-02-27T06:30:00-05:00
Author: Prosper Junior Bakiny
Twitter: @themotleyfool
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A smart way to spend stimulus money | | wvnews.com

When President Joe Biden asked what critics would have him cut from his COVID relief bill, he got plenty of answers about reducing the $510 billion in aid to state and local governments — including from us.

Now some moderate Senate Democrats are suggesting a middle way: Earmark $50 billion of those funds for broadband investment.

The idea, spearheaded by Sens. Angus King, I-Maine, and Mark Warner, D-Va., is a political crowd-pleaser more likely to attract cross-aisle support than most big spending.

Publisher: WV News
Author: The Washington Post
Twitter: @WVNews247
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30 essential money habits | Las Vegas Review-Journal

What are you doing every day that can help you grow your bank account? If you can’t answer that question, it’s time to develop some new money habits.

* * *

As much as controlling spending is an essential habits, earning more money can be just as important. Look for ways to increase your income.

In addition to looking for ways to earn money, financially savvy people also look for ways to grow the money they have. That can be as simple as finding a high-yield savings account where you can stash your funds and earn more than you would with a lower interest savings or checking account.

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Publisher: Las Vegas Review-Journal
Date: 2021-02-27T15:15:07 00:00
Twitter: @reviewjournal
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What can you do if you sent money to a stranger by mistake? - Elliott Advocacy

What if you sent $500 to a stranger by mistake and that person refused to give back your money? That’s the shocking situation in which Rossin Asilo recently found herself.

Using the money transfer app Zelle for the first time, Asilo made a simple typo entering her friend’s phone number. That error dropped the cash intended for a memorial donation into the wrong person’s bank account. Unfortunately, that stranger appears to view the transaction as a $500 windfall and will not return the money.

Publisher: Elliott Advocacy
Date: 2021-02-27T20:34:39 00:00
Author: https www facebook com michellecouchfriedman
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Happening on Twitter

Saturday, February 27, 2021

Chinese £3,200 budget electric car takes on Tesla - BBC News

A budget electric vehicle (EV) selling in China for $4,500 (£3,200) is now outselling Tesla's more upmarket cars.

* * *

The Hong Guang Mini EV is being built as part of a joint venture with US car giant General Motors (GM).

Last month sales of the budget electric car in China were around double those of Tesla, which was questioned this month over safety issues there.

While the $4,500 Hong Guang Mini is the most popular model, there is an upgraded one with air conditioning for just over $5,000. The cars are being marketed as "the people's commuting tool".

Publisher: BBC News
Author: https www facebook com bbcnews
Twitter: @BBCWorld
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Not to change the topic here:

Here's How to Plan Your Digital-Marketing Strategy and Set Budget Priorities

But where to begin? Digital marketing is a huge umbrella and can represent so many different things to different people. Where should you prioritize your dollars in the coming months? Here is where to start for smart spending.

You can spend all of your money on the hottest, latest tactics, but it won’t mean anything if your foundation isn’t solid. What does this mean in marketing? Take a look at your teams and processes. Successful marketing is as much about the actions taken as it is the people taking the actions; having the right talent steering your ship is beyond essential.

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Publisher: Entrepreneur
Date: 2021-02-26T16:00:00Z
Author: Andrew Walker
Twitter: @Entrepreneur
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Growth Drivers of Budget Hotel Market : 2020 Market Analysis by Key Companies, Size, Share,

Coronavirus (COVID19) pandemic has impacted all over industries across the globe, and Budget Hotel market is one of them. As the global market heads towards major recession, we are at In4Research, has published a brand-new latest research report which fully studies the impact of COVID-19 crisis on Budget Hotel Industry and suggests possible actions to curtail them.

In addition, this Budget Hotel market research report covers both the global and regional markets with a detailed overview of the markets’ complete growth forecast. This research also sheds light on the market’s wide-ranging competitive environment. The study also includes a dashboard overview of top businesses in both historical and current contexts, covering their active marketing strategies, recent developments & trends, and market contribution.

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What will be in Rishi Sunak's 2021 budget? | Budget 2021 | The Guardian

Rishi Sunak's budget on 3 March is set to unveil a range of measures to help support the recovery of the UK economy, but tax rises are in the offing too. Here is what we can expect.

* * *

Investment for 'levelling up' The chancellor is expected to accelerate investments in transport, infrastructure spending and top-up pots for regenerating town centres.

Capital gains tax The Office of Tax Simplification has recommended the government set the main tax on asset sales at the same rate it uses on income. That would mean increasing the CGT rate of 10% to 18% on company share sale profits and the 20% to 28% tax on property gains to match levels for income tax, which are levied at between 20% and 45%.

Publisher: the Guardian
Date: 2021-02-27T06:00:16.000Z
Author: https www theguardian com profile phillipinman https www theguardian com profile richard partington
Twitter: @guardian
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Other things to check out:

Budget Hotels Market Research 2020 Deals with Business Segmentation By Revenue And Structure

The Budget Hotels market research report helps decision makers to improve their business plans and ensure long-term success. The extensive research study provides in-depth information on Global Innovations, New Business Techniques, New product development, M&A, Recent Trends, Covid19 Impact analysis & Revenue Opportunities, DROC, PEST Analysis, Capital Investment, Technology Innovation and Future Trends Outlook.

The Budget Hotels market research study covers historical data of previous years along with a forecast of upcoming years based on revenue (USD million). The Budget Hotels market reports also cover market dynamics, market overview, segmentation, market drivers and restraints together with the impact they have on the Budget Hotels demand over the forecast period. Moreover, the report also delivers the study of opportunities available in the Budget Hotels market globally.

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Mixed business reaction to Budget - The Royal Gazette | Bermuda News, Business, Sports, Events,

Philip Barnett, the president of Island Restaurant Group, said: "I am feeling exhausted relief from the setting of no new taxes or increases, and the continuation of current tax payroll tax relief.

* * *

Curtis Dickinson, Minister of Finance said yesterday: "There is a fragility to local finances that cannot be further strained by increased taxes."

Date: 2021-02-27T08:55:00-04:00
Author: Jessie Moniz Hardy
Twitter: @TheRoyalGazette
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Bloomberg - Are you a robot?
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The Rough Budget for Your Next Self-Storage Development | Inside Self-Storage

If you've decided to build a new self-storage project, creating a construction budget is going to be one of your first tasks, and it'll be all-consuming. Many owners and developers end up with a classic chicken-and-egg problem: You want to know if a project is worthwhile before investing in design work; but you need to invest in design work before your vendors and contractors can give you a solid price for their work.

In the earliest planning stages, you just need a rough financial plan to guide your decision-making. Basically, you're trying to determine whether you're willing to invest further. It begins with a vision of what you want to build. As yourself the following:

Publisher: Inside Self-Storage
Date: 2021-02-25T15:12:34 00:00
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Happening on Twitter

San Diego to Pay $3.4 Million to Settle Firefighters’ Overtime Claims

Author: Anne Wallace
Reference: (Read more) Visit Source



Other things to check out:

Retro Overtime Pay Legislation Pt 3 - AG INFORMATION NETWORK OF THE WEST
Publisher: AG INFORMATION NETWORK OF THE WEST
Twitter: @AgInfNnet
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Honolulu Council Chair Calls For Audit Of HPD Overtime - Honolulu Civil Beat

Following news of rampant overtime overages at the Honolulu Police Department, City Council Chair Tommy Waters is seeking an audit of the department’s overtime policies and procedures.

* * *

All that overtime pay factors into the retirement payments of veteran officers who joined the department prior to July 1, 2012, Waters’ resolution states.

“The Council believes appropriate HPD overtime policies, protocols, and regulations should be in place to ensure that HPD overtime expenditures are just, fair, and appropriate, and for purposes of ensuring the public that the opportunities for HPD officers to earn overtime pay are distributed equitably and that overtime work is authorized only as necessary,” the resolution states.

Publisher: Honolulu Civil Beat
Date: 2021-02-26T03:40:52 00:00
Twitter: @civilbeat
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NY Grocer Accused Of Stiffing Workers Out Of OT - Law360

In the legal profession, information is the key to success. You have to know what's happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

* * *

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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Check out this next:

Chipotle Reaches $15M OT Deal Amid 'Novel' DOL Rule Issues - Law360

Enter your details below and select your area(s) of interest to receive Law360 Employment Authority daily newsletters

Author: https www law360 com employment authority articles 1359619 chipotle reaches 15m ot deal amid novel dol rule issues
Twitter: @law360
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New final rule from Labor to clarify independent contractor status | The Gazette

Whether a worker is an “employee” or an “independent contractor” is one of the most important questions in employment law.

Both are terms for people who get paid to perform work, but they also represent key distinctions in the nature of the working relationship that carry major legal consequences.

* * *

Employees are also protected by workers’ compensation laws, while independent contractors are generally not.

Publisher: The Gazette
Date: 2021-02-26T10:00:00-05:00
Author: Wilford H Stone
Twitter: @gazettedotcom
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Bill aims to tighten up Ohio's overtime policy, cutting employer costs

But do you add it to your timesheet? Ohio lawmakers are looking to clarify whether you're allowed to.

Those in support of Senate Bill 47 say it would give employers clarity and protection from lawsuits as more people are working from their homes unsupervised. Republican Sen. Bob Peterson, who sponsored the bill, says it's time to look at what counts as paid time on the job and how much of that time is too little to get paid for.

Peterson says the bill was brought up thanks to technology and our reliance on those like smartphones. He notes a lot of us find ourselves drawn to work affairs for a few minutes here and a few minutes there.

Publisher: WEWS
Date: 2021-02-26T14:51:25.798
Author: https www news5cleveland com taneisha cordell
Twitter: @WEWS
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Sherman's top 3 highest earners were public works employees

Those responsible for maintaining, enhancing and developing local roadways and town-owned properties were Sherman’s highest paid municipal employees of 2020.

With an income of about $104,225, public works director Don Borkowski was the town’s top-earning employee of 2020. As a result of working more than 40 hours some weeks, about $18,300 of his earnings were in overtime pay.

The town’s business administrator, Liz LaVia, said the overtime paid to public works employees is “based on winter storm averages.”

Publisher: NewsTimes
Date: 2021-02-26 18:00:00
Author: By Kendra Baker
Twitter: @NewsTimes
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U.S. drops 'safe harbor' demand, raising hopes for global tax deal

U.S. Treasury Secretary Janet Yellen told G-20 officials that Washington had dropped the Trump administration's proposal to let some companies opt out of new global digital tax rules, U.S. and European officials said on Friday, raising hopes for an agreement by summer.

"Secretary Yellen announced that we will engage robustly to address both Pillars of the OECD project, and that the United States is no longer advocating for 'safe harbor' implementation of Pillar 1," a U.S. Treasury official said.

Publisher: CNBC
Date: 2021-02-26T17:00:41 0000
Author: https www facebook com CNBC
Twitter: @CNBC
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Check out this next:

Ohio income tax collections would return to pre-pandemic regulations under new bill | Ohio |

(The Center Square) – With more employees working from home rather than offices, Ohio's income tax laws continue to be challenged, and the latest opposition comes in the General Assembly.

Senate Bill 97 repeals a pandemic stopgap passed by the Ohio Legislature last spring that allowed cities that are the home to businesses to continue to collect income taxes from employees who worked from home in another community.

Publisher: The News-Herald
Date: 2021-02-25T15:14:00-0500
Author: J D Davidson The Center Square
Twitter: @newsheraldinoh
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G20 promises no let-up in stimulus, sees tax deal by summer | Reuters

ROME/BRUSSELS (Reuters) - The world's financial leaders agreed on Friday to maintain expansionary policies to help economies survive the effects of COVID-19, and committed to a more multilateral approach to the twin coronavirus and economic crises.

The Italian presidency of the G20 group of the world's top economies said the gathering of finance chiefs had pledged to work more closely to accelerate a still fragile and uneven recovery.

The United States is readying $1.9 trillion in fiscal stimulus and the European Union has already put together more than 3 trillion euros ($3.63 trillion) to keep its economies through lockdowns.

Publisher: U.S.
Date: 2021-02-26T00:07:17Z
Author: Gavin Jones Jan Strupczewski
Twitter: @Reuters
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Tax Change Needed to Level the Playing Field for Small Businesses, Minorities and Women in

Statement by Ralph Albert Thomas, CPA (DC), CGMA, CEO and Executive Director, New Jersey Society of Certified Public Accountants

ROSELAND, N.J. – On Feb. 22, Governor Phil Murphy signed legislation that legalized marijuana for adult recreational use, making New Jersey the first in the region and the 13th state in the nation to do so. That was step two in allowing cannabis sales to proceed in New Jersey. The final step will be adoption of the regulatory framework that will be drafted by the Cannabis Regulatory Commission.

Publisher: Insider NJ
Date: 2021-02-26T21:17:43 00:00
Author: Insider NJ
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In case you are keeping track:

Coke, Whirlpool Keep Tax Court Losses Off the Books - WSJ

When court rulings and tax regulations go against them, companies have an effective way to minimize or defer the bottom-line costs. They don't count them, and announce that they will beat the government in the future.

Coca-Cola Co. , Whirlpool Corp. and Eaton Corp . have all lost to the Internal Revenue Service in the U.S. Tax Court over the past two years. But none of the companies subtracted the bulk of those costs from their publicly reported results.

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Publisher: WSJ
Date: 2021-02-24T12:00:00.000Z
Author: Richard Rubin and Theo Francis
Twitter: @WSJ
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There's Lots To Like In The Like-Kind Exchange Tax Regs

Miniature model house standing on a heap of dollar bills. Photo with clipping path.Some similar ... [+] pictures from my portfolio:

The long-absent definition of real property for like-kind exchanges is finally available in regulations (T.D. 9935), with several other helpful amendments to the regime for taxpayers. Questions remain, particularly regarding intangible property, but the final rules provide assurances and some increased flexibility compared with the proposed rules.

Publisher: Forbes
Date: 2021-02-26
Author: Tax Notes Staff
Twitter: @forbes
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PFIC Testing—Significant New Guidance but Some… | Fenwick & West LLP

On December 4, 2020, the U.S. Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) published final and proposed regulations providing guidance on the passive foreign investment company (PFIC) rules under Internal Revenue Code sections 1291, 1297 and 1298. The impetus of the new regulations was the 2017 tax act's modification of Code Sec. 1297(f) to provide specific rules to limit the application of the active insurance exception to PFIC status. 

Publisher: Fenwick & West LLP
Twitter: @FenwickWest
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Low-Wage Tax Penalty Risks Sparking Contract Labor Boom

A Democratic plan to slap tax penalties on companies with too many low paid workers would drive larger firms to outsource more of their labor unless Senate Finance Chairman Ron Wyden can plug potential holes in his plan, economists warned.

Wyden's proposal would impose a 5% penalty on a corporation's payroll for paying wages below a yet-to-be-specificed threshold. It's an alternative to the $15 minimum wage hike shot down by the Senate parliamentarian. Democrats are running against the clock as they push to pass a pandemic relief bill by mid-March.

Twitter: @tax
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Happening on Twitter

ABC’s ‘Home Economics’ Reveal New Look, Starring Topher Grace – Deadline

ABC released an extended first-look clip for new comedy series Home Economics during the show’s virtual TCA presentation today. The Topher Grace -fronted series premieres on April 7.

Co-writer and producer John Aboud said they were looking for the next great family sitcom that included the national conversation surrounding income inequality and thought Colton’s financially diverse family was fit for the part.

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Publisher: Deadline
Date: 2021-02-26 15:21:40
Author: Brandon Choe
Twitter: @Deadline
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Quite a lot has been going on:

North Korea's economic crisis: Last chance for denuclearization?
Publisher: Brookings
Date: 2021-02-26T21:14:40 00:00
Author: Evans J R Revere
Twitter: @BrookingsInst
Reference: (Read more) Visit Source



Bloomberg - Are you a robot?
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A Return to Science: Evidence-Based Estimates of the Benefits of Reducing Climate Pollution | The

One specific tool — called the "social cost of greenhouse gases" — combines climate science and economics to help Federal agencies and the public understand the benefits of reducing greenhouse gas emissions. The metric is a range of estimates, in dollars, of the long-term damage done by one ton of greenhouse gas emissions.

The use of this metric by the U.S. Government began in the Bush Administration and was later standardized across agencies in the Obama Administration. The Obama Administration created an Interagency Working Group of technical experts across the Federal Government to develop uniform estimates, subject to extensive public comment, in order to ensure that agencies utilized the best available science and economics.

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Publisher: The White House
Date: 2021-02-26T20:30:00 00:00
Author: Authored by Heather Boushey Member of the Council of Economic Advisers
Twitter: @whitehouse
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[VIDEO] ‘Home Economics’: Season 1 of Topher Grace’s ABC Comedy | TVLine

As part of its Television Critics Association winter press tour panel Friday, released a first look at the upcoming Home Economics , a single-camera comedy about a trio of siblings who are at varying income levels.

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Grace also executive-produces the series, which is written by  Penguins of Madagascar’ s Michael Colton and John Aboud and inspired by Colton’s family.

Home Economics will premiere on Wednesday, April 7, at 8:30/7:30c. Press PLAY on the video below to get a feel for the ensemble comedy. Then hit the comments: Will you watch?

Publisher: TVLine
Date: 2021-02-26 12:00:32
Author: Kimberly Roots
Twitter: @TVLine
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Free exchange - The prices of sports cards and odd collectibles are booming, too | Finance &

T HE S&P 500 may be setting new highs, but to really take the measure of market exuberance look no further than Nyan Cat. The animated meme, encoded cryptographically into what is known as a "non-fungible token" (and which is unique and distinct from unencrypted versions of the animation that can be found with a quick internet search), was recently sold at auction for nearly $600,000. Other odd collectibles are booming too.

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Markets are not fine-tuned instruments of capital allocation. Rational traders are not always willing or able to bet against nonsensical market moves. Behavioural economists have identified a wide variety of cognitive biases that can lead investors to trade in irrational ways. People overestimate their abilities, are reluctant to realise losses even when prudence dictates that they should, and overreact to small movements in prices, to take just a few examples.

Publisher: The Economist
Twitter: @TheEconomist
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Economics drives glass recycling - AZPM



The City of Tucson now requires glass for recycling to be placed in bins, not curbside containers. Christopher Conover/AZPM

As of Feb. 1, the City of Tucson stopped curbside pick up of recycled glass, but recycling of the material continues.

Until the change, the glass Tucsonans were putting into their curbside bins was trucked to a national glass recycling company, Strategic Materials, in Phoenix. The crushed glass that the company sells to its customers stays in the region and returns to Arizona grocery store shelves quickly.

Date: feb 26 2021 8:13 a.m.
Author: Christopher Conover
Twitter: @azpmnews
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