A woman wearing a face mask to protect against the coronavirus at the Red Square in front of St. Basil’s Cathedral in Moscow, Russia on March 25, 2020. Alexander Nemenov | AFP | Getty Images Reported Covid-19 cases around the world reached 5 million on Thursday as some countries begin easing strict social distancing guidelines […]
Archives for May 2020
Lawyers say virtual courts not working, urge return to physical mode with distancing
Lawyers, who have been appearing in the Supreme Court’s virtual courts during the nationwide lockdown, say virtual courts were not working except to the extent that they can give interim relief in pressing matters at a time when lawyers and litigants cannot access courts. They are urging that they return to physical courts with adequate […]
U.S. Navy aircraft carrier back at sea nearly 2 months after it was sidelined for coronavirus
The aircraft carrier USS Theodore Roosevelt transits the Pacific Ocean while conducting training off the coast of California. Mass Communication Specialist 2nd Class Paul Archer | U.S. Navy WASHINGTON — The U.S. Navy announced Wednesday that the aircraft carrier sidelined for two months due to a coronavirus outbreak was back at sea. The USS Theodore Roosevelt […]
Influencers opt for money-making tutorials as virus hits job market
Illustration: Rahul Awasthi Social media influencers are creating content on how to make money online, prompted by queries from people scarred by uncertainty in the jobs market due to the Covid-19 pandemic. These influencers are sharing detailed tutorials on short-term and long-term money-making avenues, including content writing, blogging, gaming, affiliate or referral marketing, participation in […]
AICPA Council supports advancement of new CPA licensure model
News PROFESSIONAL DEVELOPMENT By Ken Tysiac {:else} {timeSince} {/if} {@if cond=”{isCGMA}”} {:else} {/if} {/.} An effort to transform the CPA licensure model took a step forward Wednesday when the AICPA governing Council voted to support its advancement during its virtual spring meeting. Council voted to support the CPA Evolution initiative, which is being undertaken by […]
HSA contribution limits increase for 2021
News Employee Benefits & Pensions By Sally P. Schreiber, J.D. {:else} {timeSince} {/if} {@if cond=”{isCGMA}”} {:else} {/if} {/.} The IRS in Rev. Proc. 2020-32 announced the annual inflation-adjusted limits on deductions for contributions to a health savings account (HSA) allowed for taxpayers with family coverage under a high-deductible health plan (HDHP) for calendar year 2021. […]
FASB votes to delay revenue recognition effective date for private companies
FASB voted Wednesday to extend by one year the effective date of its revenue recognition standard to all nonpublic entities that have not yet issued their financial statements. The board originally had proposed amending the revenue recognition standard effective date just for franchisors that are not public business entities. But feedback FASB received on the […]
Ola lays off 1,400 employees as Covid-19 hits 95% revenue
Ride-hailing service Ola has asked over a quarter of its workforce in India to leave the company, as it joins the swelling ranks of the country’s most valuable startups that are trimming headcount in a bid to combat the economic disruption wrought by Covid-19. Ola has seen revenue drop by 95% in the past two […]
ETtech Top 5: Ola layoffs, New micro VC fund, e-commerce back in business & more
Happy Wednesday! The uncertainty surrounding the Covid-19 pandemic is slowly dawning on Indian startups. Initially, most companies thought that this would be a short-lived crisis and the country would soon be out of the woods. But the way India’s case count has risen over the past few days, the fight to contain the virus outbreak […]
IT Leadership in Education: Getting Online School Right
Even before so many schools across the country pivoted to online learning in the wake of the COVID-19 coronavirus crisis, some schools had already pioneered how to do it. Like so many other organizations, schools across the US, from kindergarten through college, scrambled in March to move from what has almost always been an on-premises […]