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Repair Regulations: Limiting Business Deductions

Women in Consulting

For years, we have used the Generally Accepted Accounting Principle of expensing items that small businesses purchase of up to $500 or even $1000 when appropriate. . The rule is limiting businesses to expense a purchase which is $200 or less and consumed within a year. This is not going to happen to most small businesses.).

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How to Improve Your Finance Skills (Even If You Hate Numbers)

Harvard Business

Even if you don’t need to know a lot about finance to do your day-to-day job, the more conversant you are on the subject, the better off you’ll be, according to Richard Ruback, a professor at Harvard Business School and the coauthor of the HBR Guide to Buying a Small Business. It just takes effort,” he says.

Finance 28
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Can the Fed Really Print Money? What Would Negative Interest Rates Do?

MishTalk

Despite the unprecedented increase in the Federal Reserve’s balance sheet, growth in M2 over the first nine months of this year fell below its average rate of growth over the past 115 years, a time when the growth in the monetary base was stable and quite modest. Let's take a look, emphasis mine.

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Cash Flow Relief for Independent Consultants: the CARES Act & Other Ideas

Successful Independent Consulting

I have summarized how the new Coronavirus Aid, Relief, and Economic Security (CARES) Act applies to self-employed management consultants, whether you’re a single-person entity (sole proprietor, LLC or S-Corp) or if you’re a small business with employees or subcontractors. A loan from the Small Business Administration 3.

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Banks – Industry Overview

Tom Spencer

Today, most global banks are diversified financial institutions with operations beyond the scope of normal banking, and may have a business mix more reflective of the following: Personal & Commercial Banking (Retail/Commercial) – this will be the main focus of this post. Banks abide by strict asset-liability management limits.

Banking 12
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Bulls and Bears Debate China: Property Bubble Expands Again; GDP Growth Picks Up; Economic Recovery Underway? No Says Michael Pettis

MishTalk

There seems to be a still-widespread perception that PBoC reserves represent a hoard of unencumbered savings that the PBoC has somehow managed to collect. The PBoC has been forced to buy the reserves as a function of its intervention to manage the value of the RMB. But of course they are not.