World

Covid-19 has disrupted tax and retirement planning for small-business owners, especially those who focused on saving their businesses from the pandemic's fallout earlier this year. With some hard work, however, there is still time to get back on track by Dec. 31. Here's a great example. After his business tanked this spring, one of my clients didn't take a paycheck for six weeks. To preserve cash, he also lowered the amount of his federal and state withholding tax and stopped contributions to his company retirement plan. Fortunately, in the past few months, his business has largely rebounded. And to his own surprise, revenue for 2020 will be higher than what he projected at the beginning of the year. Now that he's flush with cash, he needs to make several pro-active adjustments, starting...

HANOI: Authorities in Vietnam and the Philippines braced on Tuesday (Oct 20) for a tropical storm that could bring flooding and landslides in both countries, as the death toll in Vietnam from weeks of adverse weather rose to 105, with dozens still missing. Rescue teams and disaster officials were on standby and preparing equipment in the Philippines, awaiting the arrival on the main island of Luzon later on Tuesday of tropical storm Saudel, which could bring heavy rains and cause mudslides. Moderate early rains triggered some minor landslides on Tuesday, blocking several roads. Vietnam's weather agency is expecting Saudel to arrive in its central region on Saturday, bringing more intense rains, risking exacerbating its worst flooding in years. Floods and mudslides during October ha...