Posted in Finance

Financial Power of Attorney Definition

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Posted in Insurance

Wellness and preventive features to make health insurance affordable



The aim of taking such measures is to minimise the instances of hospitalisations, which would ease the burden on the insurance pool.


© Provided by The Financial Express
The aim of taking such measures is to minimise the instances of hospitalisations, which would ease the burden on the insurance pool.

Broadening the scope of insurance, the Insurance Regulatory and Development Authority of India (IRDAI) has asked the insurance companies to include wellness and preventive features in insurance policies, which would encourage the policyholders to stay healthy to minimise the chance of falling sick and getting hospitalised.

“The guidelines from IRDAI on including wellness and preventive features in health insurance are certainly a positive step forward for customers who can now proudly own their health insurance policies,” said Gurdeep Singh Batra, Head-Retail Underwriting, Bajaj Allianz General Insurance.

The aim of taking such measures is to minimise the instances of hospitalisations, which would ease the burden on the insurance pool.

Talking on the guidelines from IRDAI to include wellness and preventive features in health

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Posted in Money

Central bank test of digital currency set to expand

China is expected to expand the central bank’s digital currency pilot programs to a broader range later this year or early in 2021, focusing on retail use. That may replace some functions of bank cards, a former State bank executive said.

China is implementing programs to test the digital currency in Shenzhen, Guangdong province; Chengdu, Sichuan province; Suzhou, Jiangsu province; and Xiong’an in Hebei, with some facilities to be used during the 2022 Winter Olympics, according to the People’s Bank of China, the central bank.

The currency has been tested within a small scope and in some cases, such as payments of retail sales and salaries, and it has matured sufficiently to go public on a wider scale, said Li Lihui, former president of Bank of China.

“But the pilot program is relatively limited right now, involving a small group of people. The trials’ expansion may take more time; it

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Posted in Personal

How freelancing is helping to Create Jobs in Norway

Freelancing has become a common way to earn a living in the world since, with technology, people can now perform particular tasks from their comfort. You can become a freelancer, and quit your regular jobs, have more time to yourself, or combine your regular appointment with freelancing. With advanced technology and the internet, working remotely has become possible with specific tasks, and many companies are choosing this option to hire regular workers.

There are several platforms where you can search for jobs as a freelancer, and you can check out reviews on Norskeanmeldelser for top freelancing sites in Norway. You can apply for jobs that require your skill and make money at your pace. Freelancers have set up platforms and payment systems likeTransferwise to help with fund transfer and secured payment. And these freelancing sites have helped the economy of Norway in the following ways:

1.  Creating more jobs

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Posted in Business

A Guide to Tax-Advantaged S Corp Health Insurance Deductions



Wooden cubes stacking of healthcare medicine and hospital icons on table


© Getty Images
Wooden cubes stacking of healthcare medicine and hospital icons on table

As you decide on your business structure, you’re probably considering each type’s legal and financial protections. It’s unlikely you’re thinking about the tax implications of your healthcare costs. That’s where the S corporation business tax structure can surprise many business owners.

Business owners start corporations to insulate themselves from their company’s debts. Some corporations can elect S corporation taxation to avoid the double taxation that comes with traditional C corporations.

S corporations further advantage owners involved in management because they can pay themselves in dividends after a reasonable salary. Dividends are subject to federal and state income tax but not payroll taxes.

But the S corporation waters muddy when it comes to providing owners with health insurance benefits. Follow our guide to achieve the maximum tax advantage for S corporation owners’ health insurance.

How do health

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Posted in Finance

Business owners and politicians call for financial support for Melbourne’s businesses

Sacha Koffman, co-founder of startup Build Labour. Source: supplied.

Daniel Andrews’ extension of metropolitan Melbourne’s stage four lockdown, and the reopening roadmap unveiled last weekend, mean many businesses won’t be able to trade as normal until the end of November.

And that’s in a best-case scenario.

Since Sunday’s announcement, there have been more and more calls to extend the financial support available to affected businesses, including doubling the grant funding available and relaxing eligibility criteria to support those that have fallen through the cracks.

This morning, Andrews said the state government will reveal plans for additional support for affected businesses “very soon”, saying it is receiving input from business advocates.

“We’re giving business an opportunity to provide direct input to the government about the support that they need,” he said.

The announcement itself will be “very substantial”, the Premier promised.

“There is substantial business support that we’ve provided already, and

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Posted in Insurance

Rising Health Issues Worldwide Driving Demand for Health Insurance Market to Grow $4.47 Trillion, Globally, at 4.4% CAGR

Pune, Maharashtra, India, September 9 2020 (Wiredrelease) Allied Analytics :Increase in healthcare expenses, mandatory provision of healthcare insurance for public and private sectors, and rise in prevalence of chronic diseases have boosted the growth of the global health insurance market. However, stringent regulation and longer time for claim reimbursement and dearth of awareness of healthcare insurance in rural region hamper the market. On the contrary, innovation in healthcare insurance products is expected to create lucrative opportunities in the near future.

According to the report, the global health insurance industry was pegged at $3.15 trillion in 2018 and is projected to reach $4.47 trillion by 2026, registering a CAGR of 4.4% during the forecast period.

Download Free Sample Report: https://www.alliedmarketresearch.com/request-sample/4338

Public service providers segment dominated the market

The public service providers segment held the largest share in 2018, accounting for more than half of the global health insurance market, as these

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Posted in Money

Editorial: The Postal Service must be saved, and it can be | Editorial

The U.S. Postal Service is essential to save.

By law, it is required to deliver mail across the United States. It serves more than 157 million addresses, adding about a million per year. That is a public good that no private delivery service would ever try to match. In fact, many delivery businesses, including Amazon, use the U.S. mail for the final leg of delivery, a task that is profitable for the Postal Service.

The USPS delivers prescription medications, bills, marketing materials, publications and, in the news these days, absentee ballot applications and actual ballots. Most invoices, checks and personal mail go first class. While this traditional snail-mail use has dropped in the digital age, nearly 55 billion items were sent first class last year, accounting for a third of postal revenue.

Marketing materials account for nearly a quarter of postal revenue. If delivery becomes unreliable — say a flyer

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Posted in Money

Routable Raises $12M For Digital B2B Services

Routable, which aims to simplify the sending and receiving of B2B payments, has come off a Series A funding round with $12 million, a press release says.

That comes out to $16 million that the company has raised overall.

The round featured contributions from Y Combinator, Founders Co-Op, Lee Fixel, Box Group, as well as Liquid 2 Ventures, Jason Gardner, Gokul Rajaram, Aaron Schildkrout, Sam Hodges, Immad Akhund and more, the press release says.

The company plans to use the money to continue growing, including hiring more people and scaling the product.

Routable co-founder and chief executive Omri Mor said the idea behind Routable was to accommodate different companies’ needs for payments.

“Sending 1,000 business payments per month is a much different proposition than sending 10,000 or 100,000 monthly payments,” said Mor. “We believe finance departments deserve the best software and support as

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Posted in Finance

Financial Reporting and the Definition of Advisory

For decades, accountants and bookkeepers have been urged to shift their services from focusing on compliance to prioritizing services that are advisory. Why?

The logic is simple: Compliance services are vulnerable to automation and are seen as having less value than forward-looking advice that can have a positive impact on the bottom line.

But the term “advisory” encompasses MANY different activities, from relatively simple cash flow forecasting to much more complex business restructuring (and a whole lot in between). This lack of a clear definition has been a barrier to many firm leaders who struggle to understand what exactly they are being urged to do.

This landmark guide by Randy Johnston of K2 Enterprises breaks down the different modes of advisory activities and explains what each one entails on a practical level. It also includes a detailed overview of the available technology that firms can use to deliver different types

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