Precise Donates $15K and Offers a Donation Match Challenge in Support of Manna Food Center

TALENThire is providing immediate (free) access for those displaced from their jobs and matching them with hiring companies to get America back to work!

Now workplaces, employees, and distributed teams who were forced to go remote can access new features for enhanced productivity and collaboration

Engineer and Inventor Brian Nissen is a renewable energy expert who has built a sustainable solution for California's paralyzing drought

Realty Partners LLC, The Agent Owned Company™, announced today that it will provide all of its services absolutely free of charge to new agents joining the company during the COVID-19 crisis as part of its #WeAreAllInThisTogether campaign.

The K Street Group has announced that is it prepared to assist its house of worship clients with a phased in re-opening of their facilities, once the COVid pandemic restrictions are relaxed.

Mendtronix Inc., a leading supplier of technical and logistical solutions for the medical device industry, reports a surge in demand for its contract assembly services of tele-heath mobile carts.

A successful Los Angeles film editor discusses her tips on working from home during this worldwide pandemic.

RIA network responds to advisors seeking principal-, income-protection for clients near and in retirement by providing product access to non-members at no cost

Reily and Associates pledge to use their resources and experience to find ways to help the local community through funds, equipment, and logistical support, throughout this coronavirus crisis.

How can you keep your focus and drive during a global crisis? Take on a 90-day learning challenge for data science and check out this list of books and courses to follow.

As the global economy dwindles, tech companies are hiring en masse. Now is the time to get yourself noticed as a Data Scientist and try to land your dream job.

Walter Kiechel, former managing editor at Fortune magazine.

Scott Anthony, president of Innosight.

Ron Heifetz, founder of the Center for Public Leadership at the Harvard Kennedy School and coauthor of "The Practice of Adaptive Leadership."

Adm. Thad Allen, USCG (Ret.)

Pankaj Ghemawat, IESE Business School professor and author of "World 3.0: Global Prosperity and How to Achieve It."

Nicholas Dunbar, author of "The Devil's Derivatives: The Untold Story of the Slick Traders and Hapless Regulators Who Almost Blew Up Wall Street ... and Are Ready to Do It Again."

Michelle Bachelet, former President of Chile, executive director of UN Women.

Bruce Nussbaum, professor at Parsons The New School of Design and author of "Creative Intelligence: Harnessing the Power to Create, Connect, and Inspire."

Kieran Setiya, a philosophy professor at MIT, says many people experience a mid-career crisis. Some have regrets about paths not taken or serious professional missteps; others feel a sense of boredom or futility in their ongoing streams of work. The answer isn't always to find a new job or lobby for a promotion. Motivated by his own crisis, Setiya started looking for ways to cope and discovered several strategies that can help all of us shift our perspective on our careers and get out of the slump without jumping ship.

Tsedal Neeley, a professor at Harvard Business School, says that there are simple ways leaders can help their employees stay productive, focused, and psychologically healthy as they work from home during the current global pandemic. The right technology tools and clear and constant communication are more important than ever. She recommends that managers do an official remote-work launch, carefully plan and facilitate virtual meetings, and pay extra attention to workers' behavior. For individual contributors, it's critical to maintain a routine but also embrace flexibility, especially if you're in the house with family.

Vivek Murthy, former U.S. Surgeon General, says that, even before the Covid-19 pandemic, we were facing another health crisis: loneliness. Studies show that, around the world, more people have been feeling a greater sense of social isolation, which has many negative affects, including increased blood pressure, reduced immune response, and decreased engagement and productivity at work. But organizations can be a place where people find a greater sense of belonging. Murthy wants us to take loneliness more seriously and focus on fostering the types of authentic connections -- face-to-face and virtual -- that we need to combat it. He's the author of the book "Together: The Healing Power of Human Connection in a Sometimes Lonely World."

As we continue to navigate unchartered waters, we know the impact this pandemic is having on the not-for-profit community. All of us in public accounting are passionate advocates for our clients. We genuinely want to help you create successful, thriving… Read More

The post A Message To Our Valued Not-for-Profit Friends in Response to the COVID-19 Crisis appeared first on Anders CPAs.

During the boom times of recent years, businesses concentrated on growing the top line and managing costs, and not as much time focused on working capital components, such as accounts receivable, accounts payable and inventory. Now with financial strain on businesses as a result of COVID-19, business owners and leadership teams need to not only...

The post 10 Tips for Managing Cash Flow in a Crisis appeared first on Anders CPA.

There’s no doubt that businesses have been thrown into a “new normal”. For the past few weeks, business owners have worked to understand the aspects of the CARES Act, and the FFCRA, while trying to rework budgets, cash flow projections,… Read More

The post GAAP Financial Reporting Considerations Related to the COVID-19 Crisis appeared first on Anders CPAs.

The time saved on travel can now be used to upskill or learn about a new sector or industry that you previously did not cater to. Having a sound knowledge of your clients’ business makes you stand out amongst your competition.

The term that has assumed relevance in contractual context today for businesses is “force majeure”.

It is impractical for one or a small group of company executives to collect, and process all the information regarding the imminent threat of Covid-19 infection in their area or among their staff.

The ABC has launched a $5 million development fund to provide urgent and critical support to independent Australian producers and safeguard local content and creativity during these unprecedented times.

Wipro, Azim Premji Foundation commit Rs 1,125 cr to tackle coronavirus crisis

Coronavirus impacts: No crisis within the banking system, says SBI Chairman Rajnish Kumar

Covid-19 crisis: SpiceJet to pay part salaries to 92% of employees, no job cuts

The economy has been severely impacted due to the COVID-19 pandemic but the government and policymakers are looking for segments that are in the best position to help revive the economic activity the quickest.

There are no set scripts for leaders to follow in order to sail through this situation. This extraordinary situation has certainly placed some uncommon question like never before to the leaders around the world.

MUMBAI: Liquidity risk is increasing for Indian-based real-estate developers, as non-bank financial institutions (NBFI; including housing finance companies) are shying away from lending to the sector, said Fitch Ratings.Developers that rely on refinancing from NBFIs, particularly those with weak financial profiles, will be affected the most should conditions persist. The availability of unencumbered assets among large developers may be of limited use, as NBFIs are looking to shed their already-high exposure to the sector, especially to large borrowers.NBFIs have disproportionately increased their share of real-estate sector credit in the previous few years, owing to heightened risk aversion by banks; banks have been cutting exposure due to their own funding challenges that began in late 2018, which have become more acute in the previous few months; domestic bank exposures fell to 2.3% of loans in the financial year ending March 2019 from 2.8% in 2015-16.NBFIs are now also shying away from refinancing maturing debt of even large, proven developers to limit concentration risk to the sector. This is pushing developers towards alternative funding channels, such as private equity. The availability of such funding could be more limited than the value of maturing debt and may only be available to established developers with sufficient unpledged assets. It would also come at a higher cost. We believe banks may still consider exposure to quality real estate, but overall exposure continues to decline.Developers that are focused on high-end projects may face higher risk, as sales of such projects have slowed in the last two years. We believe these developers would be wary of taking sharp price corrections on unsold inventory to boost sales, except in extreme circumstances, as this could diminish the value of unsold inventory and weaken collateral cover for existing lenders.In addition, any boost in sales would be temporary. Meanwhile, developers with substantial exposure to affordable housing may still benefit from marginal access to lenders in light of healthy pre-sales growth, supported by India's substantial housing deficit and government incentives for buyers via the credit-linked subsidy scheme as well as for developers, including tax deductions and grant of infrastructure status, which entitles companies to some benefits and concessions.The government has announced measures to improve NBFI-sector liquidity, but their efficacy remains to be seen. For example, we believe the government's July 2019 announcement to provide a first-loss guarantee of 10% on securitised assets issued by NBFIs to banks could ease funding pressure for NBFIs in the short term. However, the provision refers only to financially sound issuers and there is a lack of clarity about the duration of the guarantee and the definition of what comprises a 'financially sound' entity. In addition, most of the actions by the authorities to alleviate the liquidity squeeze will benefit the largest and least risky NBFIs and is unlikely to address the pressure on the more property focused players.Defaults by two NBFIs - Infrastructure Leasing & Financial Services Ltd (IL&FS) in September 2018 and Dewan Housing Finance Corporation Ltd (DHFL) in June 2019 - have contributed to the sector-wide liquidity squeeze, as investors have become more risk averse. Banks' low appetite for lending to real-estate developers is evidenced by the usually high risk weights attached to such loans. These are due to developers' typically low credit ratings amid high leverage, making exposure to the sector an inefficient use of banks' already-limited capital.Substantial bank recapitalisation to increase lending capacity could benefit NBFIs as well as real-estate developers, subject to the banks' risk appetite. Although a structural improvement in NBFI asset books would take time. Nonetheless, even under better conditions we expect NBFI's to tighten credit standards, with developers facing funding pressure until there is a broader improvement in their operations, with better end-user demand and pricing support.

Do not deny the possibility of losing the job, or being furloughed briefly.

Liquidating assets to pay off debts is recommended only if you find it difficult to pay EMIs.

Factors will determine if your job profile will evolve. However, don’t expect a change where the business-efficient alternative is to replace you to save nonproductive costs or deal with change in customer behaviour.

Corona crisis: GST Return filing date for March-May extended till June, relief from late fee, penalties

Stock up on gold and silver before the virus crisis is over: Jim Rogers

Coal India has lent Rs 300 crore to subsidiary Central Coalfields while Bharat Coking Coal is in talks with subsidiary Northern Coalfields for another Rs 300-400 crore loan in order to meet working capital requirements, including salaries. Central Mine Planning & Design Institute has also been given a Rs 15 crore loan for salary payment of its executives by Coal India.

Miami Herald: Florida’s lax oversight of nursing homes spills over from one deadly crisis to the next. “Florida’s solution for one potential crisis — the failure of nearly 100 elder-care facilities to comply with the state’s emergency power law, even as hurricane season approaches — is to allow the homes to pack all their residents … Continue reading Miami Herald: Florida’s lax oversight of nursing homes spills over from one deadly crisis to the next

Early on when the corona pandemic did start in China, the Johns Hopkins University (JHU) did start to build a dashboard to monitor the number of infected cases and the number of patients that died from the disease. The numbers are certainly taken with great care, but as soon as the virus spread outside China […]

The mayor said he would like to see the complex town down and replaced with a development akin to Prince George's County's National Harbor.

He talked to C4 about the "confusing" and unprecedented dual elections ahear.

Kweisi Mfume returns to Washington in chaotic times.

Bank runs should not be a concern, thanks to the system that protects your deposits.