Spending requirements: Only 60% of the loan funds would need to be spent on payroll, compared to the current 75%. Loan forgiveness period: This would be extended to 24 weeks, up from eight weeks. Deadline to rehire workers: This would be pushed back to a yet-to-be-determined date. It’s currently June 30. Other perks: Forgiveness recipients would now be allowed to defer payroll taxes. Restrictions on the PPP loans have been a significant point of contention for many small business owners, particularly those with physical storefronts who felt it made no sense to maintain payroll if their businesses weren’t allowed to operate during the pandemic. To make matters more complicated, guidance from the Small Business Administration kept changing, leaving some business owners worried that they could be accused of fraud if they spend the money the wrong way. … [Read more...] about Paycheck Protection Program rules could get easier under House bill: Here’s what it would do
Norway house foundation
3-Point Analysis | These companies may gain as global supply chain gets reconfigured Big Story | Decoding the importance of CSR for corporates Ideas For Profit | Is elevated rural exposure Dabur's Achilles heel? … [Read more...] about Ideas For Profit | Will HDFC’s resilient performance hold out amidst COVID-19 uncertainty?
They should open a Non-Resident External (NRE) savings account with a bank of their choice. “The ability to repatriate (send or bring back) funds to India in any currency, and the fact that interest earned on NRE accounts is tax-free, make these accounts popular with the NRI community,” Navlakhi says. With this account, foreign savings can be brought back to India. Interest income and balances in NRE accounts are exempt from income tax and wealth tax, respectively. … [Read more...] about COVID crisis: Money matters NRIs must fix before returning to India for good
To use San Francisco as an example, the city had about 78 million square feet of office space in 2018. If just 20% of companies renting that space elect to cut their footprint by half, that’s 7.8 million square feet of newly available space. Even if you assume that half of that space wouldn’t be appropriate for conversion, you still have nearly 4 million square feet to play with. … [Read more...] about The coronavirus will reshape how we build offices—and where we build community
Since the inception of 2018, the pound had been under severe pressure on account of a hard Brexit as well as the continuous slack in the domestic economy hampering the growth in the UK. This led to a fall in GBPUSD by nearly 8 percent. In line with its international counterpart, GBPINR appreciated by nearly 2 percent. The same story continued in the first half of 2019 as well. … [Read more...] about Grim outlook for the pound sterling as it suffers a double blow