• What is the effect of the Coronavirus on American Businesses?

    What is the effect of the Coronavirus on American Businesses?

    This Pandemic disease Coronavirus orCOVID-19 may have disruptive effects on the economy. Disruption in the global supply of goods makes harder for the U.S to match the orders. Lockdown of a worker in many affected areas reduces the labor supply which results in delaying the demand for U.S products and services.The economic disruptions and increased uncertainty by COVID-19 can be seen in lower valuations and increased volatility in the financial markets. Although the exact effect caused by the COVID-19 on the U.S. economy is unknown, But it is clear that it leads to tremendous risks.Disruptions in the Supply chain makes difficult for... Read More

  • Which Business Industries are most affected by the Coronavirus?

    Which Business Industries are most affected by the Coronavirus?

    COVID-19is just like an ancient plague.The Novel Coronavirus, which has been designated a global pandemic by theWorld Health Organization (WHO), If this trend continues it will cost the global economy $2.7 trillion and put a devastating impact on the U.S. economy.Industries where chances of a grouping of over 50 people are most exposed to major upheaval as a result of this Pandemic. Millions of jobs in these industries could either be lost or severely impacted by the outbreak.While all industries have been affected bythe COVID-19 pandemic, some bear the brunt of the downturn much more than others.Airlines:As international... Read More

  • Change in US Tax Treatment of Alimony & Its Impact on Divorce Negotiation

    Change in US Tax Treatment of Alimony & Its Impact on Divorce Negotiation

    If you have been through a divorce, you have an idea of the processes you have to go through to get it finalized. Well, if you have no clue, divorce legally requires one spouse or ex-spouse to make payments to the other party. Since these payments are often considerable, locking in tax deductions for the paying party has often been a significant matter.Well, with recent adjustments to specific laws, you may have heard that alimony payments under the newly implemented divorce provisions are no longer deductible for federal income tax purposes. The long-time deduction, which had been in place for nearly 75 years, was eradicated via one of... Read More