The May jobs report from the Bureau of Labor Statistics (BLS) also notes that in contrast, “employment in government has continued to decline sharply.” Image: Getty Images/iStockphoto The US unemployment rate declined by 1.4 percentage points to 13.3% in May, and the number of unemployed people fell by 2.1 million to 21 million, according to […]
Archives for June 2020
Podcast: Social Security strategies to help your clients during the pandemic
During the coronavirus pandemic, you have witnessed uncertainty with personal finances and the anxiety that has come with even the best-laid plans. What can you do today to help your clients gain comfort and clarity? You can help them with their Social Security planning decisions. In this episode, learn from Social Security expert Ted Sarenski, […]
GASB addresses subscription-based technology arrangements
GASB issued accounting and financial reporting guidance Friday for subscription-based information technology arrangements used by state and local governments. The accounting guidance for these subscriptions, which have become increasingly common in recent years, is included in GASB Statement No. 96, Subscription-Based Information Technology Arrangements. The new standard is based on the rules established in Statement […]
4 key COVID-19 audit risks for 2020 year ends
Many auditors have begun to turn their sights to their next group of audits: clients with 2020 fiscal year ends. The World Health Organization declared a public health emergency on Jan. 30, 2020, meaning many of these clients will have been affected by the COVID-19 pandemic during the period under audit. Auditing these clients will […]
Qualified opportunity zone rules are relaxed
In Notice 2020-39, the IRS extended some deadlines for investing in qualified opportunity funds (QOF) and relaxed some investment requirements to make it easier for QOF investors to deal with the coronavirus pandemic. The QOF program created a process for designating certain low-income communities and qualifying contiguous census tracts as qualified opportunity zones (QOZs) (Sec. […]
ETtech Top 5: Postman funding, restaurants vs delivery apps, Jio’s sixth investor & more
Postman, a Software as a Service (SaaS) startup which was valued at $350 million just a year ago, may clock a nearly six-fold jump in its valuation as it looks to raise $150 million from Insight Partners. If the deal goes through, it will be one of the biggest jumps in valuation for an Indian […]
WeWork Global to invest $100 million in WeWork India
WeWork Global plans to invest $100 million in WeWork India to help grow the business in the Indian flexible market and focus on profitability. WeWork India plans to use the capital for focused growth in the Indian market over the next 36 months. WeWork India is already profitable at the centre level and is targeting […]
API startup Postman in talks with Insight Partners to raise new funds at $2 billion
L-R: Postman founders Abhinav Asthana, Ankit Sobti and Abhijit Kane Software as a Service (SaaS) company Postman is in advanced talks with New York-based investment fund Insight Partners to raise around $150 million at a valuation of $2 billion, two people in the know of the deal details said. Postman is a collaboration platform for […]
Federal IT Leaders Find Success in Modernization
A study on federal early technology adoption offers intriguing insights for all government and commercial IT leaders. Image: tiero – stock.adobe.com A study released by professional services firm Accenture finds that federal government IT leaders who eagerly embrace new technologies are gaining the upper hand over their less enthusiastic colleagues. The study also claims that […]
Ola earmarks Rs 500 crore to enhance safety, hygiene
Ride-hailing app Ola has committed Rs 500 crore over the next year for various initiatives to enhance safety and hygiene inside cabs in the wake of the Covid-19 pandemic. The initiatives include driver training, prevention and sanitization protocols, a host of technology advancements like a newly designed Covid-19 ready app, hygiene and safety benchmark for […]