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IRS Confirms No Clawback for Gift and Estate Tax Exclusion – Act Now for the Biggest Benefit

The Treasury Department and the Internal Revenue Service (IRS) recently issued final regulations around the increased gift and estate tax exclusion amounts in effect from 2018-2025. The final regs confirm that individuals who take advantage of the increased gift and… Read More

The post IRS Confirms No Clawback for Gift and Estate Tax Exclusion – Act Now for the Biggest Benefit appeared first on Anders CPAs.




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Energy Storage Still Expects Year-Over-Year Growth

Energy Storage Still Expects Year-Over-Year Growth aconstanza Wed, 04/29/2020 - 18:47

Energy Storage Still Expects Year-Over-Year Growth

While electric utilities and renewable energy associations have noted the negative impact of the pandemic on employment, performance and supply chains in their industries, energy storage seems to be doing relatively well.

A new report released by the Energy Storage Association (ESA), “U.S. Energy Storage Association Survey Reveals COVID-19 Impacts on Storage Industry Revenue and Employment,” noted that, while 63% of respondents anticipated a decrease in revenue, only 33% of those expected a 20% or greater reduction; 75% did not expect to have to reduce employment at all. Of the 25% who did expect to have to reduce employment, most expected reductions of 20% or less.

The news is even better for those who implement and install storage projects, such as electrical contractors. Specifically, the report noted, “The manufacturing segment of the industry expected more widespread and deeper revenue reductions than the industry segment that includes developers and installers who implement storage projects.”

While other industries are currently experiencing or expecting downturns in the near future and beyond, this is not the case for the storage industry.

The report continued, “[It] is clear the energy storage industry expects a deep, albeit brief, revenue downturn this quarter. Most companies are focused on retaining their employees during this time in order to better prepare and respond once business returns.”

“The COVID-19 pandemic has impacted the energy storage industry tremendously,” said Kelly Speakes-Backman, CEO of the ESA. “While we still anticipate year-over-year growth, it is clear our industry is suffering with immediate and significant risks of workforce reduction and economic damage.”

While the ESA is of course concerned with these short-term downturns for its own members directly, its real concern is how the pandemic will affect customers.

“These delays upend grid reliability and resilience efforts, just as we enter fire and hurricane season, and as states, towns, and utilities are beginning to incorporate energy storage systems as backup power to prevent power system disruptions for critical healthcare facilities,” Speakes-Backman said.

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Executive Order Has Major Ramifications for Utilities

Executive Order Has Major Ramifications for Utilities aconstanza Wed, 05/06/2020 - 15:08

Executive Order Has Major Ramifications for Utilities

An executive order signed by President Donald Trump on May 1 has sweeping implications for electric utilities across the nation. Namely placing restrictions on the foreign-supplied components installed on the nation’s electric grid in the name of national security.

The report states, “The bulk power system is a target of those seeking to commit malicious acts against the United States and its people, including malicious cyber activities, because a successful attack on our bulk power system would present significant risks to our economy, human health and safety, and would render the United States less capable of acting in defense of itself and its allies.”

The first section of the executive order is designed to limit the use of foreign-supplied components installed on the nation’s electric grid in the future, declaring that not creating these limits would pose an “extraordinary threat to national security.”

The concern is purchasing and installing components from certain countries that are considered adversaries of the United States, including those that have made attempts in the past to hack into the nation’s electric grid, could put the nation’s grid at risk. For example, one fear is that foreign governments could embed certain pieces of technology in the components they sold to U.S. utilities that would adversely impact the grid or provide private information back to these adversarial nations.

The second section of the executive order, among other things, lays out a plan for potentially requiring utilities to replace these foreign-supplied components with components deemed safer. Specifically, the order directs the U.S. Secretary of Energy to “develop recommendations on ways to identify, isolate, monitor, or replace such items as soon as practicable, taking into consideration overall risk to the bulk-power system.”

The third section of the executive order establishes a task force on Federal Energy Infrastructure Procurement Policies Related to National Security, which will be expected to “develop a recommended consistent set of energy infrastructure procurement policies and procedures for agencies, to the extent consistent with law, to ensure that national security considerations are fully integrated across the Federal Government and submit such recommendations to the Federal Acquisition Regulatory Council.”

The task force will also have authorization to evaluate the methods and criteria used to incorporate national security considerations into physical security and cybersecurity policymaking.

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13 Amazing Free Chrome Extensions For SEO

Every SEO tool is different. Some have better keyword data, others have better link data, others give better technical suggestions… in other words, there is no perfect tool. And I really mean that, even though I created Ubersuggest for you. Plus paying for a handful of SEO tools can be expensive and isn’t realistic. But […]

The post 13 Amazing Free Chrome Extensions For SEO appeared first on Neil Patel.




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Customer Experience: The new ‘mantra’ for business success in the digital era

APAC businesses understand the importance of customer experience and are focused on optimising the customer journey in 2020, with one in five (19%) APAC organisations identifying better CX as their most exciting opportunity for this year.




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Destek Infosolutions receives $2 Million funding for LegalNextt

Pune based IT Company Destek Infosolutions Pvt Ltd has raised an amount of 2 Million in seed funding round for one of its platforms, LegalNextt - An Extensi...




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Auto Expo 2020: Chinese delegation to skip event due to coronavirus scare

Auto Expo 2020: Chinese delegation to skip event due to coronavirus scare





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Autocar show: Suzuki pavilion at Auto Expo 2020

Autocar show: Suzuki pavilion at Auto Expo 2020





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Yes Bank moratorium: RBI Board Member explains why it took so much time

Yes Bank moratorium: RBI Board Member explains why it took so much time





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Next year, earnings will have the potential to positively surprise the market: Madhu Kela

Next year, earnings will have the potential to positively surprise the market: Madhu Kela





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Infosys says audit committee finds no evidence of financial impropriety or executive misconduct

Infosys says audit committee finds no evidence of financial impropriety or executive misconduct





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Centre rolls out Air India's disinvestment process, seeks Expression of Interest

Centre rolls out Air India's disinvestment process, seeks Expression of Interest





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OPEC meets tomorrow to mull output cut extension

OPEC meets tomorrow to mull output cut extension





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OPEC agrees oil cut extension to end of 2018

OPEC agrees oil cut extension to end of 2018





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Qatar to exit Opec amid tension with Saudi Arabia

Qatar to exit Opec amid tension with Saudi Arabia





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How will the sudden plunge in US oil prices impact India: WTI crash explained

How will the sudden plunge in US oil prices impact India: WTI crash explained





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BRIC seekers of UK golden visa double from 2015 despite Brexit

A total 239 BRIC applicants were recorded in 2019, comprising 64% of the global aggregate, according to data from the U.K. Home Office compiled by Shard Capital Partners LLP. China (including Hong Kong and Macau) accounted for the bulk of these at 193.




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COVID-19: Centre extends visas of foreigners in India till April 15

According to a Union Home Ministry notification, a number of foreign nationals are in the country since imposition of travel restrictions and are unable to exit the country during the validity of their visa.




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USCIS announces flexibility in responding to RFEs

The immigration agency has said that it would be relaxing its policies in coming months in light of the current situation. “USCIS is adopting several measures to protect our workforce and community, and to minimize the immigration consequences for those seeking immigration benefits during this time,” it said.




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India studying Donald Trump's executive order on immigration

The temporary suspension of immigration will affect those who are legally seeking entry into the United States for employment but it will not impact the ones who are already living in the country, the order said.




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Lady Gaga's former manager and Uber investor Troy Carter hand picks the next six hot startups

Carter managed Lady Gaga from early into her career to worldwide stardom until he was fired in 2013. Carter and his talent agency, Atom Factory, manage pop stars.




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Lulu group to invest Rs 5,000 crore in India in next 4 years

United Arab Emirates-based Lulu Group, has decided to invest Rs 5,000 crore in India over the next four years, largely for setting up shopping malls.




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Investing in startups – Where to find the next set of winners

Disease or otherwise, travel as we know could change dramatically, at least in frequency if not in distance and mode. The individual and mass transport industry, the hallmark of the 20th Century will change forever in the 21st century.




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SCCM Pod-95 PCCM: Is the Endotracheal Tube Next to Go

James D. Fortenberry, MD, FCCM, discusses his editorial published in the September 2008 issue of Pediatric Critical Care Medicine, titled "8-Tracks, Betamax... Is the endotracheal tube next to go?" Fortenberry is a pediatric intensivist at Children's Healthcare of Atlanta in Georgia, where he also is the medical director of the system's clinical research. Dr. Fortenberry also is director, division of critical care medicine in the department of pediatrics at Emory University School of Medicine. The editorial was in response to an article published in the same issue by Leticia J. Yanez et al., "A prospective, randomized, controlled trial of non-invasive ventilation in pediatric acute respiratory insufficiency." (Pediatr Crit Care Med. 2008;9[5]:536) Released: 11/19/08




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SCCM Pod-235 Study Explores the Impact of 24/7 In-House Coverage in a Pediatric ICU

Margaret Parker, MD, MCCM, speaks with Kyle Rehder, MD, assistant professor of pediatrics in the division of pediatric critical care medicine at Duke Children Hospital.




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SCCM Pod-238 Internet-Based Knowledge Exchange Platform for Pediatric Critical Care Clinicians Worldwide

Margaret Parker, MD, MCCM, speaks with Traci A. Wolbrink, MD, MPH




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SCCM Pod-258 Extubation During Pediatric ECMO: A Single-Center Experience

Margaret Parker, MD, MCCM, speaks with James Thomas, MD




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SCCM Pod-297 Extubation Failure in the Pediatric Cardiac ICU: A Report From the Pediatric Cardiac Critical Care Consortium

Margaret Parker, MD, MCCM, speaks with Michael Gaies, MD. Dr. Gaies is an Assistant Professor and works as a Cardiac Intensivist in the Division of Cardiology, Department of Pediatrics and Communicable Diseases at C.S. Mott Childrens Hospital and University of Michigan Medical School in Ann Arbor, MI.




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SCCM Pod-332 Dexmedetomidine Use in Critically-Ill Children with Acute Respiratory Failure

Margaret Parker, MD, MCCM, speaks with Mary Jo C. Grant, APRN, PhD, about the article, Dexmedetomidine Use in Critically-Ill Children with Acute Respiratory Failure, published in the December 2016 issue of Pediatric Critical Care Medicine.




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SCCM Pod-389 Infections on Extracorporeal Life Support

Margaret M. Parker, MD, MCCM, and Luregn Schlapbach, MD, FCICM, review a survey of international practice on prevention, diagnosis, and treatment of infections on extracorporeal life support in adults and children published in Pediatric Critical Care Medicine




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Experts peg India's cost of Covid-19 lockdown at USD 120 bn

Barclays specified the cost of the three-week nationwide lockdown to be alone at USD 90 billion, which is over and above the lockdowns announced by various states like Maharashtra earlier. They also said that the RBI is most likely to go for a 0.65 per cent rate cut in the April review and will slash interest rates further by 1 per cent during the course of the year.




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Several states extend working hours from 8 to 12 hours in factories

This is expected to boost manufacturing and supply of essential goods and services without violating the home ministry’s guidelines on working with reduced staff to maintain social distancing to curb the spread of Covid-19. Rajasthan, Himachal Pradesh and Gujarat have already announced the change.




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Alexa, report to the e-commerce regulator

​​​The intention is to bring all B2B, B2C, consumer-facing, consumer-based content platforms, apps-based commerce and IoT device-based services under the policy, potentially engulfing products like the Amazon Echo, which is powered by artificial intelligence-driven virtual assistant Alexa, and MG Hector, the Internet-enabled vehicle from Morris Garages in the regulatory realm of e-commerce.




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How to use ICICI Bank's voice banking services on Amazon Alexa and Google Assistant

To get the benefit of the voice banking offering, customers need to download the Alexa / Google Assistant and link their ICICI Bank account through a secure two-factor authentication process.




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Use Excel's binomial distribution to assess chance of success of your investments

Applying this to financial markets helps investors to determine their chances of success in a fixed number of attempts (or trials). Another application of binomial distribution is to find out the probability of a company reporting positive growth in the EPS.




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Coronavirus & your money: Saving is crucial, so are these 5 expenses

The looming uncertainty caused by coronavirus without a doubt requires cutting down on expenses. You need to start exercising monetary prudence and caution. However, don’t try to cut corners in these five expenses even at such a time.




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Weak currency makes Asia-Pacific cities cheaper for expats: Survey

In India, Mumbai has emerged as the most expensive city for expatriates and was ranked 118 in the Index. Last year Mumbai was ranked 114th on the list.




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Exide Life's term policy sales jump 200% in April due to COVID-19: COO

However, Ashwin B added that there has been a significant drop in sales of non-term policies, witnessing a decline of 50 per cent.




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PNB Housing Finance cuts retail lending rates by 15 bps for existing customers

"We have decided to take this initiative to help our customers to overcome this pandemic and drive growth in the housing sector. With this, over 2.35 lakh of our customers will be positively impacted irrespective of their base loan amount," PNB Housing Finance Managing Director and CEO Neeraj Vyas said.




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Donations to Shri Ram Janmabhoomi Teerth Kshetra eligible for exemption from income tax

In a notification issued Friday, the Central Board of Direct Taxes (CBDT) allowed tax exemption to donations under Section 80 G of the Income Tax Act, on the grounds that the structure would be a “place of historic importance and a place of public worship”.




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Young working professionals to cut down expenses as post-Covid world brings uncertainty, job loss

Categories like essentials, at-home entertainment, health and insurance continue to show greater resiliency.




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Managing Complexity

Architectural capabilities are an important subset of dynamic capabilities that enable managers to see a complex technical system in an abstract way.




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The Great Escape: 9 exploited in Yemen steal boat, set sail for India

Nine Indian fishermen who were allegedly harassed and not paid by their employer in Yemen for nearly a year have escaped that country by stealing their employer's boat and sailing for Kochi, a peril-filled voyage of than 3,000 km of open sea, according to the families of two of the fishermen.




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Renewal date for health insurance policies extended but will you be insured in this period?

The policy does not stay in force unless renewed. This means any claim filed during the grace period is not considered by the insurer for the settlement. It is advisable to renew the policy before the renewal date is missed or the grace period starts




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India studying Donald Trump's executive order on immigration

The temporary suspension of immigration will affect those who are legally seeking entry into the United States for employment but it will not impact the ones who are already living in the country, the order said.




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Non-residents, not-ordinarily residents in tax tangle: Experts

"CBDT may need to clarify reporting requirement for unlisted equity shares in foreign companies for NR/NOR,” said Sonu Iyer, tax partner and people advisory services leader at EY India.




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Income Tax department may ask NRIs to explain 'bloated' income

Clarification that overseas earnings of bona fide workers won’t be taxed is ambiguous, say experts.




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How to execute a plan for a good performance review

Your manager dreads review meetings as much as you do, because it is an unpleasant task to pass judgment on another person’s contributions and compensation. Here’s how you can make it work well for everyone and ace your annual appraisal.




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Future of work: What to expect after coronavirus crisis blows over

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.




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Buy or Sell: Stock ideas by experts for February 18, 2020

Buy or Sell: Stock ideas by experts for February 18, 2020