Day: February 19, 2021

Bloomberg Tax hires Rapoport as senior reporter

Michael Rapoport

Bloomberg Tax has employed Michael Rapoport as a senior reporter masking worldwide tax points.

Rapoport beforehand labored at The Wall Avenue Journal masking accounting earlier than leaving in 2019.

Rapoport had been on the Journal since 2010, and at Dow Jones basically since 1993. He wrote about all kinds of points associated to accounting, together with the accounting business, accounting and auditing guidelines and regulation, and accounting fraud.

Earlier than coming to the Journal, he wrote the “Within the Cash” column for Dow Jones Newswires, specializing in delving beneath the floor of monetary statements and market developments to discover firms’ true monetary situation.

Bloomberg Tax hires Rapoport as senior reporter

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Barclays says Bounceback loans price £4.8bn might by no means be repaid

Barclays has reported a giant drop in annual earnings, having put aside billions of kilos for loans anticipated to show bitter because of the pandemic.

The financial institution reported a 30% fall in pre-tax earnings to £3.1bn for 2020, down from £4.3bn in 2019.

It was pressured to put aside £4.8bn to cowl loans unlikely to be paid again amid the financial fallout of Covid.

Regardless of that the financial institution introduced it might resume dividends, with a cost of 1p per share to shareholders.

‘Resilient and diversified’

The financial institution has been one of many largest suppliers of emergency loans in the course of the coronavirus disaster, having given some £27bn price to companies.

It has additionally offered greater than 680,000 cost holidays globally for purchasers with mortgages, bank cards and loans.

Barclays warned that pandemic-related prices would stay excessive all through the approaching 12 months, however that it

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What Is the PRO Act and How Would possibly It Have an effect on Small Companies

The PRO Act is again. It was handed by the Home final yr however by no means superior past that.

Now, the PRO Act is again — reintroduced in early February — and it may have a big effect in your small enterprise.

The PRO Act is touted as “a labor rights invoice” wanted to enhance employee advantages and security. It was introduced within the Home and Senate as a “dialogue draft” which seeks to amend the Nationwide Labor Relations Act.

The Act is supported by Democrats in Congress. Since each the Home and Senate are managed by the Democrats, this time the proposed invoice has legs and at the least has an opportunity to move.

The PRO Act – What Small Enterprise House owners Have to Know

The majority of the PRO Act addresses labor unions and has pointers defending staff’ rights to prepare and addresses utilizing freelancers and

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