Posts Tagged ‘COVID-19’
Taxpayers – Act Fast if You Want to Benefit from the IRS COVID-Related Penalty Relief
At a glance The main takeaway: On August 24, 2022, the IRS announced it will waive failure to file penalties for a vast number of tax returns for the 2019 and 2020 tax years, covering both individual and business returns, including foreign information filings. Impact on your business: Taxpayers who have not yet filed tax returns covered…
Read MoreCOVID Debt Relief – Bankruptcy and Weighing Your Options
At a glance Schedule a consultation with an Aprio advisor for help navigating COVID-related debt. The full story: In a recent article inspired by our co-hosted webinar with Graham Stieglitz of Burr & Forman, we discussed the four initial solutions businesses can pursue to resolve pandemic debt. But in some cases, those preliminary steps may not be enough.…
Read MoreThe Pulse on the Economy and Capital Markets: Feb 7 – 11, 2022
At a glance: Stock markets grew weaker due to the rise of inflation, the Fed raising interest rates to counteract inflation and geopolitical issues taking place in Ukraine. Inflation was hotter than expected with sticky inflation reaching multi-decade highs. Consumers are feeling disheartened by the acceleration in sticky inflation and as a result expect their…
Read MoreThe Pulse on the Economy and Capital Markets: Jan 31 – Feb 4, 2022
https://player.vimeo.com/video/674563774 At a glance: The markets continue to give us a lesson on what volatility looks like with Nasdaq up 3.4% on Monday and down 3.7% on Thursday In the bond market, the yield on the 10-year treasury rose to 1.9%, lowering the values of government and investment grade bonds. Meta Platforms (formerly Facebook) disappoints…
Read MoreThe Pulse on the Economy and Capital Markets: Jan 17 – Jan 21, 2022
At a glance: The markets had another rough week as stocks declined 4% globally, and investors favor lower-risk assets. Investors continue to worry about inflation and how quickly the Fed will respond. The video game industry takes a giant leap towards the Metaverse as Take Two Interactive and Microsoft announce huge merger and acquisition deals.…
Read MoreThe Pulse on the Economy and Capital Markets: January 3–7, 2022
At a glance: Markets started the year on a low note, as stocks and bonds both declined amid news about the Federal Reserve’s aggressive position on interest rates. Technology and long-term bonds took a hit, while the rate on the 10-year bond jumped 0.25% after the Fed released its most recent minutes. On the mergers…
Read MoreNorth Carolina Businesses Set to Receive a New Wave of COVID-19 Financial Relief
At a glance: The full story: North Carolina-based businesses are receiving a life preserver to help weather the devastating impact of COVID-19: the Business Recovery Grant Program (BRGP). The BRGP was launched by the North Carolina Department of Revenue (NCDOR) to help owners recoup some of the financial losses they have endured as a result…
Read More4 Steps to Navigate COVID-19 Debt
At a glance The full story: Restaurants are among the many businesses navigating the road to financial recovery under the weight of the COVID-19 pandemic. Unfortunately, as cases continue to rise due to the highly contagious Omicron strain, pandemic-induced debt likely will continue to be a challenge for the industry going forward. The silver lining…
Read MoreThe Pulse on the Economy and Capital Markets: Dec 27 – Dec 31, 2021
At a glance: Overall, the U.S. performed well as stock markets closed out 2021 strong and leading economic indicators are pointing to global growth. While stocks outperformed in 2021, bonds had a rough year due to inflation trending higher than expected. Despite continued supply chain challenges and the rise in Omicron cases, U.S. manufacturers and…
Read MoreThe Pulse on the Economy and Capital Markets: Nov 8 – Nov 12, 2021
At a glance: Overall higher than expected inflation caused the stock market and bond market to decline while bitcoin and emerging markets increased last week. GE and Johnson & Johnson take significant action and break up their company’s structure. The ability to work remotely is reshaping the housing market and causing rent increases among warmer…
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