Illustration: Rahul Awasthi Online retailers tap common resources What’s the news? E-commerce, logistics and ride-hailing firms are putting in place several measures to ramp up capacity to deliver essentials to customers. These include procuring permissions to stock food at their warehouses, use railway freight to move goods and cabs to enable last-mile deliveries. Why does […]
Archives for March 2020
3 ways to optimise your online store and make more sales!
Converting visitors into customers is essentially your sole mission when running an online store. You weren’t born yesterday and, of course, you knew this. But have you thoroughly and forensically examined your website and business model to ensure the best chances of making money at the checkout? Are you sure there is nothing more you […]
Australia just threw a $130 billion lifeline to employers. Here’s what to do next
The JobKeeper stimulus program just announced by the Australian government will help small businesses retain staff amid the COVID-19 slowdown. Read on to find out whether your business qualifies, what steps to take, and when you’ll see payment. Note that the details and specifics of JobKeeper will become clearer over the next few days. We’ll […]
Deferring credit card, personal loan payments may cost more
Read the fine print on your credit card bill? If you did, you might not consider deferring those repayments – or that personal loan you took to fund that trip to Maasai Mara this winter. Of course, the central bank has given a three-month grace on repayments – and those include unsecured loans such as […]
JobKeeper payment makes up Government’s 3rd stimulus package
As we try to catch a breath from all the chaos going on with Coronavirus, the Australian Government has released their latest stimulus package called the JobKeeper payment. This package is aimed at helping businesses keep their staff, which will be a lifeline for many people over the coming months. Here a quick overview of […]
Taking on clients’ retirement, emotions amid coronavirus-driven crisis
Welcome to Retirement Scan, our daily roundup of retirement news your clients may be talking about Taking on clients’ retirement, emotions amid coronavirus-driven crisisSeniors who are worried about retiring amidst the coronavirus-driven crisis can still pursue their retirement plan but will need to make a few moves, according to this article in MarketWatch. They are […]
IASB Releases Guidance on Application of IFRS 9 During Time of Uncertainty Due to COVID-19 Pandemic
The International Accounting Standards Board (IASB) has released the document, IFRS 9 and COVID-19—Accounting for Expected Credit Losses Applying IFRS 9 Financial Instruments in the Light of Current Uncertainty Resulting from the COVID-19 Pandemic. Application of IFRS 9, Financial Instruments The document responds to questions regarding the application of International Financial Reporting Standard (IFRS) 9, Financial […]
The CARES Act Provides Temporary Relief from CECL Standard
The CARES Act (the “Act”) provides temporary relief from FASB Accounting Standards Update (ASU) No. 2016-13, Financial Instruments —Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. Specifically, as worded in the Act, “no insured depository institution, bank holding company, or any affiliate thereof shall be required to comply with the Financial Accounting […]
What small businesses need to know about accessing forgivable loans
Source: Trump extends social distancing to end of April (MSNBC)
Art of Accounting: Caring about practice management amid coronavirus – Accounting Today
We are on new ground with the coronavirus pandemic, and we need to adapt as much and as quickly as possible. Most of my columns here deal with practice management, reflecting the issues colleagues who contact me are experiencing. About 10 days ago I took another look at some of the columns I had submitted […]