Coronavirus (COVID-19) has led to immense upheaval economically and socially over a short time period. Most businesses are dependent on staff working from home. Schools and higher education institutions are closed. Restaurants, malls, movie theaters, bars, and all tourism-related businesses are looking downcast. The restaurant and entertainment industries will suffer if the pandemic continues to […]
The raging COVID-19 crisis has created shockwaves around the world with humanity on its knees before the coronavirus. The US is one of the worst affected nations, with business activity and economy coming to a virtual standstill. The new normal where people are working remotely is going to become the norm across the globe for […]
During these difficult times, every government is doing whatever it can, both on the medical and economic front to shore up the nation as best as it can. The impact of lockdown measures is severe on economic activity across the globe. Only the most essential functions are being maintained. Obviously this will cause loss of […]
While it is a challenge to manage teams, coordinating teams from different parts of the world is a bigger challenge. It is important to communicate clearly from the beginning, and ensure process flows are well mapped, and clear cut deliverables are established. In this blog, we look at strategies that will help realize the full […]
Who is an accidental American? One, who is born in America to foreign parents and by virtue of a birth in America, acquires American citizenship. (There are others who fall in the accidental category as well but this post refers to only the one category defined above) This accidental citizen may leave USA when the […]
Amongst the wide range of services that accounting firms offer, bookkeeping often falls through the ranks as the least lucrative. Despite bookkeeping being a simple task for a trained accountant, it requires significant time and attention to accurately depict accounts. Moreover, bookkeeping runs on small margins – bringing minimal value while taking precious time away […]
How best you handle major unforeseen expenses, health issues, job cuts etc in the future depend on your financial preparation today. This article provides some tips on how to protect your finances, and determining the strategies that work best for you. Creation of an emergency fund is the best way to protect your finances in […]
The choices you make relating to your Social Security benefits have a huge bearing on your financial future. Although you qualify to begin receiving your Social Security benefits at 62 years of age, a longer waiting period until you turn 70 will help earn a larger monthly benefit. To estimate this, you can visit the […]
This blog will try to summarize the top changes made by the TCJA – Tax Cuts and Jobs Act. So what changed under the TCJA? – A lot of things but we will first look at those that have major impact on a wide section of the tax paying population. Under the TCJA, standard deduction […]
Falling behind on your taxes puts you firmly on the IRS radar. But don’t push the panic button yet. Whether you are an individual or an entity, you can still remedy the situation. File under any circumstance: If you fail to file you are bound to incur fines, however, you can control the severity of […]
