The figures from ADP Research Institute were far worse than economists expected. Consensus forecasts predicted the market would gain 250,000 jobs rather than losing them. Still, economists expect the resurgence of COVID-19 to be just a temporary interruption to what had been a steady recovery in the job market since last December. More than half the jobs lost were in the leisure and hospitality sector, the field most sensitive to pandemic disruptions....

Whether or not your insurance coverage will apply to your vehicle while it is parked depends on a few things: what caused the damage and what type of coverage you have. You might not think that anything can happen to your car while it is parked. The chances are certainly lower than they are when you are out driving on the road. But, many things can go wrong, from vandalism to acts of nature, so it’s best not to take your chances....

Learn what a pension freeze is and why a company may decide to do it, plus things you need to consider if your own pension plan is frozen. What Is a Pension Freeze? When a pension is frozen, some or all workers who are currently covered by the plan will no longer see the value of their pensions increase. Any new employees not already covered by the plan will not be allowed to participate in the plan at all....

Many people trade in or sell their old phones to get some cash to help pay for their new device. There are advantages and disadvantages to trading in your phone or selling. Learn how to decide which is the better approach for you. How Does Trading in Your Phone Work? If you’re buying your new phone through the manufacturer or your wireless carrier, the simpler option may be to do a trade-in....

What Are Preferred Stock ETFs? Preferred stock ETFs are exchange-traded funds that enable investors to buy a portfolio of preferred stocks. But what exactly are preferred stocks? Preferred stock is like a hybrid of common stock and bonds. The reason for this hybrid status is that preferred stocks are securities that deal in equity, like common stocks, but they have income traits like those of bonds. Like bonds, preferred stocks are assigned a par value and they pay a stated rate of interest....

Private companies added 329,883 people to their payrolls in July, the smallest single-month total since February, as bottlenecks in hiring held back stronger gains, according to a report released Wednesday by payroll company ADP. The gain was less than half of the 695,000-job gain economists had been expecting. More than one-third of the growth came from 139,000 jobs added in the leisure and hospitality industry. The ADP report serves as a lead-in to the federal government’s monthly employment report, with July numbers due Friday....

Their exact responsibilities will vary based on the type of property being managed, the amount they are getting paid, and the terms of the management contract. There are some important roles a property manager can take on to assist rental property owners. What Is a Property Manager? Property managers are people that specialize in ensuring a rental is being operated according to the guidance given by the owner—whether the goals be financial or based on providing attractive living conditions, or both....

Before you start collecting insurance options, learn how buying car insurance online works, from quick quotes to insurance cards. Depending on your situation, you may discover that shopping and comparing your options is more challenging than you’d hoped. However, the benefits in terms of timing and convenience may outweigh the hassles. Here’s what you need to know before buying your car insurance policy online. How Does Buying Car Insurance Online Work?...

Pros of Paying Off Your Mortgage One of the pros of paying off your mortgage is that it is a sure way to get a risk-free return. You can invest in safe, risk-free assets like certificates of deposit or Treasurys. However, you’ll rarely earn a higher return on those investments than the interest rate you pay on your mortgage. You might be willing to take risks and approach investing with a long-term view....

Depending on the needs of your business and your goals for your clients, you may use a quote, an estimate, a bid, or even a combination of the three. See how these three documents differ in order to determine which ones may be best for your business. Quote vs. Estimate vs. Bid Quotes, estimates, and bids differ in terms of format and content. One may be as simple as a one-page list of prices while another may be more detailed with several pages of information....

Here’s a quick look at the most significant economic indicators of the day and what they tell us. Retail Sales Shoppers made cash registers ring again in January: Retail sales volume was up 3.8%, making up for the 2.5% decline in December, the Census Bureau’s report showed. The burst of activity exceeded the 1.8% gain economists had forecast, even though it’s less impressive if you take inflation into account—the figures are dollar values and not adjusted for price increases....

There are five primary methods a company can use for revenue recognition. Method 1: Completion of Earnings and Assurance of Payment With the completion of earnings method, the seller must not have a remaining obligation to the customer. For example, if an order for 500 football helmets has been placed and only 200 have been delivered, the transaction is not complete. If the seller is the manufacturer of appliances and promises extensive warranty coverage, it should not book the sale as revenue unless the cost of providing that service (i....

Kane has worked as a legal secretary, paralegal, litigation support professional, law clerk and attorney. Kane also founded a legal nurse consulting firm with two experienced nurses and worked briefly in the field of legal nurse consulting. She has worked in many practice settings including large and small law firms, corporate legal departments, insurance companies and the judiciary. Working in these diverse legal positions and work environments has given Kane a unique, insider’s perspective on many careers in the law....

Delegating Accounting Duties Some owners delegate accounting duties to trusted family members or staff, but the most successful and savvy entrepreneurs learn quickly that accounting and finances are the lifeblood of business and deserve professional management from skilled financial specialists. The three primary financial manager positions in most businesses are bookkeeper or accountant, controller, and Chief Financial Officer or CFO. As a business owner, you might handle the duties of these positions yourself or delegate them to a staff member or trusted associate, but as the business matures, most owners discover that hiring professionals generate solid cost-value benefits while freeing owners to concentrate on core business issues....

It’s common for people to trade in their current car when purchasing a new car, and, if the current car is not yet paid off, the dealer offers to roll the current car loan into the new one. While many people do this, you should carefully consider your options before taking this route. Consider several factors before rolling your current car loan into a new one because this could significantly increase your payments and the amount you are actually paying for the vehicle....

Personal loans, credit cards, and other alternatives are typically much more reasonable ways to borrow money (see our monthly payments calculator below to consider a personal loan). There are some types of loans with even more excessive rates (like payday loans), but pawnshop loans are still among your worst options. How a Pawnshop Loan Works Pawnshop loans are secured short-term loans. When you borrow money from a pawnshop, you bring valuables such as jewelry or musical instruments to pledge as collateral until you repay the loan....

Before you put your home on the market, learn which home improvements can boost the value of your home and improve the odds of a quick sale—and which may turn out to be a waste of time and money. Factors to Consider Many sellers put way too much money into fixing up their homes before listing them for sale. They repair flaws that a buyer might never notice or just won’t pay extra to have fixed....

Learn about investing in Bitcoin over stocks in a way that may help you decide whether adding the cryptocurrency to your portfolio is the right move for your situation. Bitcoin Risk vs. Stock Risk Investments carry risk. The market could crash for various reasons. Companies could go bankrupt. Or, in a positive sense, a stock could soar over time. Weighing risk is important when you decide to add different assets to your portfolio....

Paying your taxes with a credit card may be a pretty straightforward process, but the fees you’ll pay may offset any rewards you’ll earn. Review your options to decide whether using a credit card for this purpose is the best option. Options When You Can’t Pay Your Taxes Up Front Not everyone can afford to pay their tax bill at the time they file their return. Fortunately, you have a few options if you don’t have the money available to pay your taxes right away....

Here’s a list of every state tax website, plus additional helpful information, so you are prepared when it comes time to file your state tax return. State Tax Websites and Tax Departments Alabama Alabama’s tax website is provided through the Department of Revenue. Alaska The Alaska Department of Revenue manages the state tax website and also includes information about the state’s Permanent Fund Dividend. Arizona Check out the Arizona Department of Revenue’s website for state tax info....