Mandatory quarantines and business closures during the coronavirus pandemic have taken a particularly large financial toll on small businesses, forcing many employers to reduce wages and health coverage.
Sixty-five percent of small businesses said they were either extremely concerned or very concerned about how the coronavirus will affect their business, according to a survey by Freshbooks. In addition to financial pressure, small business employers are also tasked with providing benefits that will support struggling employees.
“COVID-19 just exacerbated what was going on in the market and put even more pressure on small companies and their employees,” says Emily Ritter, head of product marketing at Gusto, a payroll and employee benefits platform for small businesses. “Employees across America are living paycheck-to-paycheck and the stress of that can be expensive for households.”
Gusto has launched a new set of health and financial wellness benefits to provide employees with early access to
Neo Financial, the new Canadian FinTech startup focused on challenging the status quo in banking, has begun rolling out its services in Western Canada.
Neo Financial is a Prairies-based startup created by SkipTheDishes founders Andrew Chau and Jeff Adamson, alongside Kris Read. It is the newest challenger bank entrant into the Canadian financial market and is on a mission to re-imagine everyday banking.
After spending the first year and a half of its existence building out its tech and banking infrastructure, Neo has officially brought its financial services offering to market.
“What we’re building is a foundation for a bank that can compete with the Big Five.”
– Andrew Chau, Neo Financial
Over the last couple of weeks, Neo began offering its savings account, Mastercard, and merchant rewards program to a select number of individuals on its 30,000-plus waitlist. With a current focus on Western Canada, Neo hopes to have
DiscGenics Appoints Former Medtronic Spine and Biologics Finance Executive as First Chief Financial Officer
Mr. Poole has over 13 years of progressive finance leadership experience in medical devices, and significant experience within the spine market, most recently serving as Vice President of Finance for Medtronic Spine and Biologics, a major division of Medtronic, PLC. In this role, he served as CFO for the global business unit with over $2.5 billion in annual revenue responsibility. Mr. Poole also has extensive international experience, particularly in Asia Pacific, where he held various leadership positions with increasing levels of functional and strategic responsibilities and commercial exposure to developed and emerging markets. He is also fluent in Japanese and has lived and worked extensively in Japan, where DiscGenics has a significant financial and commercial interest.
Mr. Poole’s appointment closely follows DiscGenics’s announcement last month that it raised $50 million in its Series C round of funding, bringing total investment in the Company to just over $71 million
U.S. taxpayers did not earn a fair return on the 2008 government bailout of financial institutions, according to new research from the University of Michigan’s Ross School of Business.
When the government completed its Troubled Asset Relief Program in 2014, the results were widely described as taxpayers getting back their full investment, plus interest.
“This is a misleading claim. Unfortunately, this narrative has found a large audience and it misses the point,” said Amiyatosh Purnanandam, professor and chair of finance. “The real question is whether the return was good enough for the risk, not whether it was positive.”
Purnanandam and Ross doctoral student Thomas Flanagan recently published a paper examining the issue, and Purnanandam discussed their research:
What’s the problem with the way the TARP returns are often described?
Taxpayers poured hundreds of billions of dollars into the financial system in 2008 to assist financial firms
Be our guest: How to manage visitors with both safety and service
In today’s fraught times, business continuity and success hinges on how you manage the visitors to your company. By prioritising safety and security, and coupling them with top-notch attention and customer service, you win loyalty and gain a reputation that will serve you in years to come. An excellent way to accomplish this is by identifying and implementing the best visitor management system for your company.
And visitor management systems go beyond ensuring the safety of your visitors and staff safety from your visitors. A feature-rich VMS will track your guests’ activities, so you can better understand their preferences for future visits. That way, you can manage visitor experience and tailor amenities and preferences. Both customer loyalty and brand reputation benefit.
Visitor management systems: who uses it, and why is it used?
Visitor management refers to all the
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
HOUSTON, Sept. 11, 2020 (GLOBE NEWSWIRE) — Emerson Firm, PLLC (“Emerson”), a law firm in Houston, Texas, announces that it is continuing its investigation regarding the alleged mishandling of individuals’ personal financial data by Yodlee, Inc. (“Yodlee”). One of our colleagues recently filed a class action complaint on behalf of individuals whose financial information was collected and stored by the fintech app Yodlee. The defendants are Yodlee and Envestnet, Inc. (“Envestnet”). Yodlee is aa subsidiary of Envestnet which provides unified wealth management technology and products to financial advisors and institutions. Their flagship product is an advisory platform that integrates the services and software used by financial advisors
CEO & Founder of BrightPlan and a former executive at Cisco, is a longtime Silicon Valley innovator and business leader.
More U.S. employers are offering financial wellness programs, yet the increasing popularity of this employee benefit has raised an important question: What exactly is “financial wellness”? If you asked 10 people this question, you’d likely get 10 different answers ranging from employee financial education, retirement planning, 401(k) advice, budgeting, debt management, estate planning and emergency savings. All these are valid responses, yet they describe only part of what true financial wellness should be: holistic personal financial and wealth management.
Total Financial Wellness
This broadened definition of financial wellness requires a new approach to meet the needs of employees. This more comprehensive approach is what I call Total Financial Wellness, and it is a significant departure from the previous notions of financial wellness. Unlike piecemeal offerings of financial information and
What Is a Financial Power Of Attorney?
A financial power of attorney (POA) is a legal document that grants a trusted agent the authority to act on behalf of the principal-agent in financial matters. The former is also referred to as the attorney-in-fact while the principal-agent is the person who grants the authority. This kind of POA is also referred to as a general power of attorney.
- A financial power of attorney is a legal document that grants a trusted agent the power to make and execute financial decisions for a principal-agent.
- In some states, financial powers of attorney are automatically considered durable which meaning they remain in effect after the principal becomes incapacitated.
- A financial power of attorney letter is automatically extinguished upon the principal’s death.
Understanding a Financial Power Of Attorney
A power of attorney (POA) is a legal document that allows a person the authority
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
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