COVID-19 impacted the economy dramatically and commercial real estate was no exception in terms of decreased values. Often, the real property could no longer service the debt used to finance it. This debt restructuring and resulting debt forgiveness can result in taxable income. Taxable Income and Debt Cancellation If you have a $80,000 loan and …
According to the January 2022 Future Forum Pulse survey, there’s been a shift in what workers want post-pandemic. The report found that in Q4 of 2021, 78 percent of workers from six industrialized companies wanted location flexibility. The survey also found that 95 percent desired schedule flexibility. This is in light of the same survey …
Combating Employee Hesitancy to Not Return to the Office Read More »
Matt Hagan, Advanced Staff Accountant As we look back on the first year of the Biden presidency, it has had its ups and downs, not unlike the presidencies of the past. There have been challenges and defeats, as well as successes. Between a pandemic that seems to linger on like a bad dream, and the …
Technology has had a major impact on the accounting industry. Gone are days when technology was a second thought and accountants preferred the traditional methods to which they were accustomed. As we start another year, technology is also progressing rapidly. The recent business disruption by the COVID-19 pandemic also has contributed to the acceleration in …
2022 Technology Trends for The Accounting Industry Read More »
According to the job site Indeed, COVID-19 has taken a toll on workers even more in 2021, compared to 2020. The survey conducted by Indeed found that 52 percent of those surveyed felt “burned out” in 2021. Sixty-seven percent of those asked said that feeling burned out has become more pronounced as COVID-19 has progressed. …
How Businesses Can Recognize and Combat Employee Burnout Read More »
According to a recent U.S. Travel Association forecast, only about one-third of companies are requiring their employees to travel. With business travel still at a low, how can companies develop a travel policy that reduces the risk of COVID-19? Occupational Safety and Health Administration When it comes to business travelers, whether employees are traveling domestically …
How to Develop Company Travel Policies Post-COVID Read More »
As the U.S. Census Bureau reported on Aug. 17, retail sales fell by 1.1 percent during July compared to the revised June retail sales figures. This is in contrast to an increase of 20.6 percent between May and July and a 15.8 percent increase for the year-over-year comparison to 2020 for the month of July …
Are Retail Reports a Sign of a Slowing Recovery? Read More »
In May 2021, the U.S. Department of the Treasury announced the launch of the Coronavirus State and Local Recovery Funds, established by the American Rescue Plan Act of 2021. This Act established the Coronavirus State and Local Fiscal Recovery Funds (“Recovery Funds”) and plans to deliver $350 billion to states, local, territorial, and Tribal governments. …
Coronavirus State and Local Fiscal Recovery Funds Read More »
According to a Prudential survey, 87 percent of respondents said they would prefer to work remotely at least one day per week. This is compared to 13 percent of respondents preferring to work at the office all the time. The same survey found that one-third of respondents wouldn’t want to work for a business that …
How to Develop a Hybrid Work Policy Post-Pandemic Read More »
According to a Tufts University survey, six in ten of those surveyed are now vaccinated against COVID-19. However, almost 40 percent of the unvaccinated respondents said they won’t get the vaccine. Only 28.5 percent of the remaining unvaccinated respondents said they will get vaccinated against COVID-19 in the future, with the remaining unvaccinated respondents unable …
Vaccine Hesitancy: Why We Have It and How It Affects Employers and Employees Read More »
