🖨 Print⏱ 3 min readWhen it comes to cost accounting, the high-low method is an approach that’s used to break mixed costs into either a variable or fixed cost. Although it’s straightforward, it’s important to do multiple analyses because outlier costs from the available data can sometimes misconstrue operating costs. This calculation occurs by looking … Continue reading “Understanding the High-Low Method”
🖨 Print⏱ 4 min readSince the escalation of COVID-19 cases, malicious activity from cybercriminals is also on the rise. Hackers are taking advantage of the coronavirus fear to carry out attacks. This is done by creating websites that claim to have cures for the virus or by spreading emails that contain links to malware. Consider … Continue reading “Heightened Hacking as Corona Pandemic Worsens; How to Avoid Being a Victim”
🖨 Print⏱ 3 min readOne of the most important provisions of the CARES Act for small businesses is called the Paycheck Protection Program (PPP). The PPP is a $349 billion program designed to assist small businesses (fewer than 500 employees) facing financial difficulties as a result of the COVID-19 pandemic through specifically structured loans. The … Continue reading “Be Right About Free Money: Potential Legal Risks of the Paycheck Protection Loan Program”
🖨 Print⏱ 3 min readDuring the government shutdown as a result of COVID-19, sadly, millions have lost their jobs. However, there is a silver lining: there are some industries that, because of the shutdown, are actually hiring. Here are a few leads to help those who might have been affected. Shipping and Delivery This industry … Continue reading “Six Industries Hiring During the Shutdown”
🖨 Print⏱ 5 min read So many checks and even more questions! There is a lot of confusion out there over the details surrounding the coronavirus stimulus checks, so below we’ve compiled a list of frequently asked questions and answers. How much will the check be for? Each adult will receive $1,200; if you filed … Continue reading “Answers to Common Questions About the Coronavirus Stimulus Checks”
🖨 Print⏱ 5 min readOver the past six years, domestic crude oil has experienced a volatile ride. 2014 saw the emergence of American shale as producers were attracted to the $114 price levels. However, in 2016 the price for a barrel eventually fell to $27 as a global supply glut developed. 2016 also saw Russia … Continue reading “Understanding the Oil War between Russia and Saudi Arabia”
🖨 Print⏱ 4 min readIn the days ahead, the COVID-19 pandemic will likely be described in economic terms as a Black Swan. This phrase is used to describe an event that: 1) was unpredictable; 2) causes severe and widespread consequences; and 3) in hindsight was determined to be wholly predictable. What will be interesting going … Continue reading “The Economic Impact of Coronavirus”
🖨 Print⏱ 3 min readCoronavirus Preparedness and Response Supplemental Appropriations Act, 2020 (HR 6074) – Introduced by Rep. Nita Lowey (D-NY), this was the first bill passed to authorize funding in response to the COVID-19 outbreak. It was introduced on March 4 and signed into law on March 6. The legislation provides $8.3 billion in … Continue reading “Focused Almost Exclusively on Mitigating the Health and Economic Impact of the Coronavirus”
🖨 Print⏱ 7 min readU.S. Government Provides Relief to Individuals, Businesses in Midst of COVID-19 Crisis On March 27, President Donald Trump signed into law a historic $2 trillion stimulus package designed to provide economic relief to individuals and businesses affected by the coronavirus pandemic. Our aim in this alert is to give a brief … Continue reading “CARES Act – Coronavirus Aid, Relief, and Economic Security Act”
🖨 Print⏱ 4 min readThe COVID-19 pandemic has seen a rise in remote working. Even organizations that have always been against it have their employees working from home. With some areas experiencing complete lockdowns, this means you find yourself in an unfamiliar work environment. Remote working means that you have to work outside a traditional … Continue reading “New to Remote Working? Here are Some Tips for Staying Productive”
