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• New York Governor Andrew Cuomo on Saturday said at least three children have died in New York from a rare condition that's being linked to the coronavirus.
• The illness, called "pediatric multisystem inflammatory syndrome" has symptoms similar to the Kawasaki disease and toxic-shock syndrome, including fever, rash, stomach pain, diarrhea, and vomiting.
• Children in at least six European countries have also come down with similar symptoms recently.
• Visit Business Insider's homepage for more stories.

Three children who had COVID-19 in New York are dead, after they developed rare heart issues that may be linked to the novel coronavirus. 

"The illness has taken the lives of three young New Yorkers," Governor Cuomo said at a news conference on Saturday. All three kids were under 10 years old. 

See the rest of the story at Business Insider

See Also:

• The US military is barring anyone who was hospitalized due to COVID-19 from enlisting
• Almost 12,000 meatpacking and food plant workers have reportedly contracted COVID-19. At least 48 have died.
• New York's coronavirus outbreak was a 'primary gateway' for the disease's spread around the US, a researcher says

Reuters

• Elon Musk says Tesla may leave its Palo Alto headquarters and Fremont, California factory. 
• In a tweet Saturday morning, the chief executive continued his outrage against shelter-in-place orders that have forced most non-essential businesses to close. 
• Last week, Musk likened the rules to fascism, and urged leaders to "give people their goddamn freedom back." 
• Visit Business Insider's homepage for more stories.

After a week of decrying coronavirus shelter-in-place orders that have left Tesla's main factory shuttered and unable to produce vehicles, Elon Musk says the company may move its factory out of the state.

"Tesla is filing a lawsuit against Alameda County immediately," the chief executive said on Twitter Saturday morning. "The unelected & ignorant 'Interim Health Officer' of Alameda is acting contrary to the Governor, the President, our Constitutional freedoms & just plain common sense!"

See the rest of the story at Business Insider

NOW WATCH: How waste is dealt with on the world's largest cruise ship

See Also:

• Tesla has secured a $565 million loan for its factory in Shanghai where the company just halted operations
• Elon Musk and Grimes gave their baby an unusual name with multiple hidden meanings, and it may have a hidden connection to the X-Men
• Watch Elon Musk pronounce his baby's name, which he says Grimes mostly picked out

Netflix

• This week's most popular movies on Netflix include its original thriller "Dangerous Lies" and "Den of Thieves."
• Netflix introduced daily top lists of the most popular titles on the service in February.
• Streaming search engine Reelgood keeps track of the lists and provides Business Insider with a rundown of the week's most popular movies on Netflix every Friday.
• Visit Business Insider's homepage for more stories.

The Netflix action movie "Extraction" is pacing to be the streaming giant's biggest movie premiere ever, but it was dethroned this week as the service's most popular movie. Another Netflix original, "Dangerous Lies," stole the crown.

Netflix introduced daily top 10 lists of its most viewed movies and TV shows in February (it counts a view if an account watches at least two minutes of a title).

Every week, the streaming search engine Reelgood compiles for Business Insider a list of which movies have been most prominent on Netflix's daily lists that week. On Reelgood, users can browse Netflix's entire movie library and sort by IMDb or Rotten Tomatoes ratings.

This week's list also includes "Den of Thieves," another movie starring Gerard Butler after his "Angel Has Fallen" enjoyed a few weeks on the list.

But the real winner this week is Netflix itself, as five of the seven movies on the list are Netflix originals. 

7. "The Willoughbys" (2020 — Netflix original)

Netflix description: "Four siblings with horribly selfish parents hatch a plan to get rid of them for good and form a perfectly imperfect family of their own."

Rotten Tomatoes critic score: 89%

What critics said: "Though the film-makers are indebted to Edward Gorey and Lemony Snicket — and pay musical homage to Mark Mothersbaugh's work on The Royal Tenenbaums — they find their own voice, when it counts." — London Evening Standard

6. "Murder to Mercy: The Cyntoia Brown Story" (2020 — Netflix original)

Netflix description: "After 16-year-old Cyntoia Brown is sentenced to life in prison, questions about her past, physiology and the law itself call her guilt into question."

Rotten Tomatoes critic score: 75%

What critics said: "A moving reflection of what criminal justice reform means in personal terms." — New York Times

5. "Arctic Dogs" (2019)

Netflix description: "When he stumbles upon evil Otto Von Walrus's scheme to melt the Arctic, ambitious delivery fox Swifty assembles a ragtag crew to protect the planet."

Rotten Tomatoes critic score: 13%

What critics said: "There's really not much to recommend about this film: the animation lacks texture, the score is overwrought, the plotting is scattershot, and the character design is uninspired." — AV Club

See Also:

• The top 19 TV shows people have started watching while social distancing, from 'Schitt's Creek' to 'Breaking Bad' and 'Ozark'
• Nicolas Cage will play Joe Exotic of 'Tiger King' in a scripted TV series
• The top 5 TV shows returning in May, from 'Homecoming' to 'Dead to Me'

SEE ALSO: Insiders say major questions hang over DC Universe as its parent company prepares to launch Netflix rival HBO Max

Business Insider Intelligence

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The power dynamics in the payments industry are changing as businesses and consumers shift dollars from cash and checks to digital payment methods. Cards dominate the in-store retail channel, but mobile wallets like Apple Pay are seeing a rapid uptick in usage.

At the same time, e-commerce will chip away at brick-and-mortar retail as smartphones attract a rising share of digital shopping. Digital peer-to-peer (P2P) apps are supplanting cash in the day-to-day lives of users across generations as they become more appealing and useful than ever.

See the rest of the story at Business Insider

See Also:

• Xinja cut its Stash high-yield savings account rate, likely attempting to weather the current crisis
• PayPal's slowdown began to improve in April as stay-at-home orders tick up e-commerce usage
• Jobs for thousands of young consultants are being upended. From delaying start dates to cutting internships, here's what 8 top firms, like Deloitte and McKinsey, are doing.

Scott Halleran/Getty Images

• College sports won't return this fall if colleges remain closed, the NCAA president Mark Emmert said in an interview May 8. 
• While if, how, and when schools reopen remains to be seen and will surely vary across campuses, the goal is keeping students, including student-athletes, safe. 
• It will be a "very unusual school year," Emmert said, and the NCAA will need to adapt accordingly.  
• Visit Business Insider's homepage for more stories.

No one knows for sure what college campuses will look like in fall 2020, but it's clear students won't be kicking off their higher education in large auditoriums for convocation, initiating brothers at fraternity parties, or flirting with dormmates in mess hall buffet lines. 

Now, there's a good chance many won't be cheering for their sports teams — even remotely — either, NCAA presient Mark Emmert said in an interview with NCAA's college basketball correspondent Andy Katz May 8.  

See the rest of the story at Business Insider

NOW WATCH: Pathologists debunk 13 coronavirus myths

See Also:

• Fox News hosts Jeanine Pirro and Brian Kilmeade received priority treatment for PPE requests from Kushner's coronavirus team, according to a new report
• The White House hopes Americans will suddenly stop dying of coronavirus
• NY Gov. Cuomo picks daughter Mariah as 'informal advisor' for coronavirus mask wearing campaign

The U.S. Department of Labor's Occupational Safety and Health Administration (OSHA) has issued interim enforcement guidance to help combat supply shortages of disposable N95 facepiece respirators (N95 FFRs). This is the latest step to ensure availability of respirators. More information at the USDOL website.

This Small Entity Compliance Guide (SECG) is intended to help small businesses comply with the Occupational Safety and Health Administration’s (OSHA) Respiratory Protection standard (63 FR 1152; January 8, 1998). OSHA’s goal for this document is to provide small entities with a comprehensive step-by-step guide complete with checklists and commonly asked questions that will aid both employees and employers in small businesses with a better understanding of OSHA’s respiratory protection standard.

NECA is pleased to report that the U.S. Treasury Department released new guidance on April 7, 2020, clarifying that companies with under 500 employees do qualify for loans under the new Paycheck Protection Program (PPP). This change comes after association staff raised concerns with Congressional leaders and officials at the Small Business Administration and the Department of Treasury.

Meeting planning in the face of COVID-19 can be very stressful. None of us are in control and no one can predict what is going to happen moving forward. The most important thing is to be patient. Do not make rash decisions, weigh all of your options and contact NECA National Staff if you need absolutely anything. If you can, try and look at meetings 30 days at a time because the news is changing daily and this can make a difference with your contract clauses.

With many construction sites remaining operational during the COVID-19 pandemic, it is extremely important to maintain compliance with all social distancing guidelines and requirements. NECA developed recommendations that are specific to construction projects that continue to be operational. While these are fairly comprehensive, they are not all-inclusive. The needs of each site can vary. State or other local requirements can be more restrictive and would take precedent.

NECA is excited to announce the launch of the NECA Educational Advancement Resource Network (EARN), an initiative designed to facilitate relationships and learning between individuals in electrical construction firms and institutions of higher education.

The Penn-Del-Jersey Chapter, NECA has donated to 20 health care facilities, systems, or foundations throughout Pennsylvania and Delaware to fight the COVID-19 pandemic.

The U.S. General Services Administration has issued an order to accept e-signatures for surety bonds to allow infrastructure projects to move forward.

The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) today announced an interim enforcement response plan for the coronavirus pandemic. The response plan provides instructions and guidance to OSHA Area Offices and compliance safety and health officers (CSHOs) for handling coronavirus-related complaints, referrals, and severe illness reports.

The Chief Executive Officer of the National Electrical Contractors Association, David Long, issued a statement on being named to the Great American Economic Revival Industry Group for Construction/Labor/Workforce.

The recipients of the 2020 Recognition of Achievement in Safety Excellence and Recognition of Achievement in Zero Injury programs will be posted on the NECA Recognition of Safety Achievement Program website in the near future. There were 159 Recognition of Achievement in Safety Excellence and 90 Recognition of Achievement in Zero Injury winners for 2020. These recipients will each receive plaques commemorating their accomplishment and be recognized during a session at the 10th Annual NSPC in Chicago, IL later this year. Thank you to all the companies that submitted their applications and continue to strive for Safety Excellence and Zero Injuries in the Electrical Industry.

NECA and NECA Safety have been monitoring federal, state, and local information relating to the nationwide COVID-19 pandemic. In addition to working with the IBEW on a National Disease Emergency Response Agreement (NDERA), NECA Safety has developed numerous safety talks, resources, and safety program templates to assist members in overall safety responsibilities during this time of emergency.

Visit online for resources and more information from international and federal agencies responding to this crisis.

Now October 5-7, 2020 in Chicago, IL

NECA has made the difficult decision based on the nationwide COVID-19 pandemic to postpone the 10th Annual NECA Safety Professionals Conference (NSPC), originally scheduled to take place in May in Scottsdale, AZ. Instead, the conference will run concurrent with the NECA Convention and Trade Show in Chicago, IL, on October 5-7, 2020. Much of the original lineup and all the general sessions remains on the agenda. Please make plans to attend this 10th Annual Celebration of the NSPC. Visit https://www.necasafetyconference.com/ for up to date information. 

In light of the coronavirus disease 2019 (COVID-19) pandemic, OSHA understands that some employers may face difficulties complying with OSHA standards due to the ongoing health emergency. Business closures and other restrictions and limitations may also preclude employee participation in training even when trainers are available. In other situations, access to medical testing facilities may be limited or suspended.

With approvals from 33 states, these on-demand code classes are available for 50% off for a limited time. Register by April 26th to take advantage of this special offer.

With approvals from 33 states, these on-demand code classes are available for 50% off for a limited time. Register by May 3rd to take advantage of this special offer.

NECA is excited to announce live, instructor-led online training on Revit and Navisworks software solutions! Throughout the month of May, NECA will be offering online classes on the most popular BIM solutions developed especially for electrical contractors, for our members at a substantial discount. Normally hundreds of dollars each, our partner Sanveo, is offering these half and full day courses for just $39.00 each!

The U.S. Department of Labor announced that the Occupational Safety and Health Administration (OSHA) has released a new video and poster for employers and workers on how to properly wear and remove a respirator. The video and poster – in English and Spanish – demonstrate and describe seven steps every worker should follow when putting on and taking off a respirator.

The Treasury Department issued additional guidance (#43 on FAQ) on the Paycheck Protection Program. The Treasury department postponed the Safe Harbor repayment deadline to May 14, 2020, as requested by NECA.

The National Electrical Contractors Association (NECA) has given its full endorsement to the 2020 edition of the Mechanical Contractors Association of America’s (MCAA) publication Change Orders, Productivity, Overtime—A Primer for the Construction Industry.

The NBA recently submitted a formal proposal to its Player’s Association to lower the draft eligibility age from 19 to 18. This move to end the “one and done” era, requiring that players spend at least one season in college… Read More

The post The End of the One and Done Age Limit for the NBA appeared first on Anders CPAs.

Coming off the All-Star break, the second half of the hockey season is in full swing and fans are anxiously wondering if their team will make it to the playoffs. At this point in the season, the playoffs are still… Read More

The post Managing a Professional Sports Team Like a Business appeared first on Anders CPAs.

The St. Louis Blues are in the midst of a historic run toward Lord Stanley’s Cup. This is especially exciting for St. Louisans as the Blues were in dead last in the NHL as 2018 turned to 2019 with talk… Read More

The post Banking on the Blues: How the St. Louis Economy Could Benefit from the Stanley Cup Finals appeared first on Anders CPAs.

The past few years, off-seasons in particular, have been met with frustration and anger from MLB players and the Major League Baseball Players Association over the free agent market and the compensation structure/control currently in place. Yes, the Bryce Harper’s… Read More

The post How the Rise of Overseas Contracts Could Impact the MLB appeared first on Anders CPAs.

The new Qualified Business Income (QBI) deduction is an area of tax reform that may affect how some business owners structure their entities. This new deduction puts flow-through businesses on a level playing field with C Corporations. In its simplest… Read More

The post Tax Reform for Businesses: Qualified Business Income Deduction appeared first on Anders CPAs.

There has been a lot of buzz about tax reform changes and how they will affect companies in the coming tax years. Some of these changes include the reduction of the corporate and individual tax rates, the repeal of the… Read More

The post Tax Reform for Businesses: Tax Rates and AMT for C-Corporations appeared first on Anders CPAs.

To fill a void of relevant benchmarking data, Anders and our accounting association, the Leading Edge Alliance (LEA), have launched the third annual National Manufacturing Outlook Survey, and we are requesting participation. Created specifically for privately-held manufacturers, this is the… Read More

The post Anders and LEA Launch National Benchmarking Survey for Manufacturers appeared first on Anders CPAs.

More manufacturers may be exempt from the Uniform Capitalization (UNICAP) rules following tax reform. The UNICAP rules from Code Section 263A generally require that certain direct and indirect costs associated with real or tangible personal property manufactured by a business… Read More

The post Tax Reform for Manufacturers: UNICAP Exemption Changes appeared first on Anders CPAs.

The new revenue recognition standard includes important provisions that manufacturers need to be aware of. Effective 1/1/2019 for private companies with calendar year ends, the new standards will change the way manufacturing companies recognize revenue.
Variable Consideration
Manufacturing companies will… Read More

The post How the New Revenue Recognition Standard Will Impact Manufacturers appeared first on Anders CPAs.

Anders has teamed up with the Leading Edge Alliance (LEA) to jointly release the results from the 2019 LEA National Manufacturing Outlook Survey.
For the third year, more than 350 manufacturing executives participated in the survey from a variety of… Read More

The post National Manufacturing Outlook Survey Offers Look Ahead into 2019 appeared first on Anders CPAs.

Manufacturing companies that sell equipment to the federal government or government contractors could be eligible for a tremendous tax benefit. The opportunity can help reduce sales/use taxes paid for consumables purchased in support of such government contracts.
The federal government… Read More

The post How Manufacturers Can Save on Sales/Use Tax for Government Contracts appeared first on Anders CPAs.

EA credits its live game portfolio for an overall strong year, with COO and CFO Blake Jorgensen saying this latest report "[proves] the value of the live services path we†™ve been on." ...

Activision Blizzard had a solid Q1, so much so that the company has raised its forecasts for the full year as a result. ...

The Tax Cuts and Jobs Act is changing the way organizations do business, including not-for-profit organizations. To help you prepare for the changes and take advantage of new benefits, the Anders Not-for-Profit Group has compiled a chart on the most… Read More

The post Tax Reform: Impact on Not-for-Profits appeared first on Anders CPAs.

Working within a tight budget can cause some not-for-profit organizations to neglect their financial reporting. Office managers may be assigned to do the bookkeeping, but don’t have the time or expertise to do the technical accounting. Having accounting and financial… Read More

The post How Not-for-Profits Can Focus on the Mission, Not the Financials appeared first on Anders CPAs.

Many not-for-profits organizations have been concerned about the taxability of parking and transportation benefits as a result of the Tax Cuts and Jobs Act. Fortunately, the IRS recently issued interim guidance around the treatment of these benefits incurred after December… Read More

The post How Not-for-Profits Can Take Advantage of New Guidance on Taxable Parking Benefits by March 31, 2019 appeared first on Anders CPAs.

Many not-for-profits organizations have been concerned about the taxability of parking and transportation benefits as a result of the Tax Cuts and Jobs Act. Fortunately, Congress recently moved to repeal the dreaded “parking tax” on fringe benefits, such as free… Read More

The post Unpopular Parking Tax on Not-for-Profits May Be Repealed appeared first on Anders CPAs.

As we continue to navigate unchartered waters, we know the impact this pandemic is having on the not-for-profit community. All of us in public accounting are passionate advocates for our clients. We genuinely want to help you create successful, thriving… Read More

The post A Message To Our Valued Not-for-Profit Friends in Response to the COVID-19 Crisis appeared first on Anders CPAs.