The World Health Organization (WHO) has declared that the new coronavirus outbreak is a public health emergency of international concern, officials announced today (Jan. 30).
The news comes as the case count and death toll from the virus have soared in recent days. As of Thursday (Jan. 30), there were 7,736 cases and 170 deaths in China, as well as 98 cases in 18 other countries, the WHO said.
Cash accounting is used by most individuals for their personal accounting.
The accrual method recognizes credits and debits, regardless of whether or not a monetary transaction has been made.
If you switch from cash to accrual accounting, you will need to receive permission from the IRS.
Cash and accrual accounting are financial reporting methods that share a similar function of recording sales and purchases. However, when it comes to how they operate, their processes differ in when and how you record transactions in your accounting software.
Posted in Tools and Information
Tagged accounting methods, accrual accounting, cash accounting
My very first job was in a cheese factory, moving large wheels of cheese around a stone-cold warehouse. I clocked in, did my hours, and clocked out when my shift was over.
Today, the rise of the knowledge economy has transformed work for millions of people who are now employed for their intellectual capital, be it their ability to close a deal, turn a complainant into a happy customer, or to write a report.
As a leader, it’s important to understand the goals and vision of your company. It’s arguably even more important to convey that information to your employees, who play a huge role in turning those goals and visions into reality. Strong lines of communication ensure everyone is on the same page, leading to greater growth for your business. To help you do this, we asked Young Entrepreneur Council members the following question:
Q. What is your preferred method for communicating company goals and vision with your employees?
From a young age, we learned the essential skills of reading. This is a skill that we often don’t think much of, especially around the subject of comprehension strategies for adults.
You’d think it’s rather weird at first. Adults all across the world are fully capable of reading anything. We’ve been doing that for decades.
But there is a massive difference between reading comprehension amongst children and adults you see. It’s something that hasn’t been explored much in science. You can tell by the number of studies out there discussing kid’s reading abilities rather than adults.
Yes, the drivers of those luxury cars that cut you off really do suck. A new study in the Journal of International Psychology finds that many owners of high-status luxury cars are actually assholes. “The answers were unambiguous: self-centered men who are argumentative, stubborn, disagreeable and unempathetic are much more likely to own a high-status car such as an Audi, BMW or Mercedes,” say the researchers in a press release.
The study surveyed 1,892 Finnish car owners and also analyzed their personality types, an idea inspired by lead researcher Jan-Erik Lönnqvist’s observation that the drivers “most likely to run a red light, not give way to pedestrians and generally drive recklessly and too fast were often the ones driving fast German cars” such as BMWs, Mercedes, and Audis. He knew that previous studies found luxury car drivers more likely to ignore traffic rules and drive “unethically,” but it was unclear why: Was wealth corrupting their behavior?
Posted in Tools and Information
Tagged Audi, BMW, Men who own luxury cars are often jerks, Mercedes
The gig economy has upended the way people work, and policymakers are grappling on how to address this change. California is tackling the issue with Assembly Bill 5 or as it is commonly known AB5.
However, not all is going according to plan because US District Judge Roger Benitez in San Diego has temporarily blocked AB5. Why, because the law would impact around 70,000 independent truckers resulting in irreparable harm if their employers have to claim them as salaried employees.
The request comes from the California Trucking Association, but it is not the only organization. Two national groups representing photographers and freelancers also filed a suit. The American Society of Journalists and Authors and the National Press Photographers Association say the law affects free speech and media.
Posted in News and Views
Tagged AB5, California Assembly Bill 5, small businesses and AB5
If you’re a budding business owner, you may need an affordable payroll service, but is it wise to choose the cheapest one you can find?
39% of U.S. companies – that’s more than 10 million businesses – outsource their payroll processing.
43% of U.S. companies outsource their payroll tax responsibilities.
Payroll processing companies have security features in place, including backup systems and multiple servers, to keep your company’s information safe.
Operating a business comes with many costly expenses, but hiring a payroll service doesn’t have to be one of them. There are many affordable payroll services, in addition to software, for small businesses to choose from.
Posted in Tools and Information
Tagged Payroll processing, Payroll Service, payroll tax
Google has begun charging law enforcement for access to user data, according to a report by the New York Times. The company is levying fees of $45 for a subpoena, $60 for a wiretap, and $245 for a search warrant, according to documents reviewed by the NYT.
The company receives a high volume of requests from law enforcement agencies to hand over data about its users and has therefore decided to bring in charges to “offset the costs” of compiling this data. According to the report, Google is legally allowed to levy these charges but traditionally big technology companies have handed over data without any charges.
Windows 7 is dead. And yet, at the time of support ending for Windows 7, 26% of PCs worldwide were still running the nearly 10-year-old operating system. It was a beloved piece of software that people have been clinging to for years.
But Windows 7 also plays an important role in Microsoft’s recent history. In two dire times of recent Microsoft history, Windows 7 was the stalwart operating system that kept the legacy of Windows alive and well.
Dispatches From The Front 