In these challenging times, access to capital may be more important than ever for Australian small businesses. Some need help filling gaps in cash flow while others are actually expanding, thanks to new business models. So we’re pleased to announce that customers on Xero can now access unsecured lending through ANZ’s Online Business Lending. Small […]
Archives for 2020
Tiger & Kora in $250M Zomato funding round
Illustration: Rahul Awasthi Zomato has roped in two new investors — Tiger Global and Kora Capital — in an ongoing funding round valuing the food ordering and restaurant discovery platform at around $3 billion, according to people aware of the development. The company has raised around $250 million collectively from Tiger, Kora and Singapore’s sovereign […]
Syft Analytics: Business reporting done beautifully
Xero’s app marketplace has over 800 apps to help small businesses and their advisors reach their goals. Each month we celebrate an app partner who stands out for helping small businesses thrive. Find out more about becoming a Xero app partner here. We’re excited to introduce September’s app partner of the month, Syft Analytics – […]
Craziest Year Ever: Put-to-Call Ratio Plunges, New Dow Components and more!
[embedded content] Subscribe! Join Michael Batnick and Downtown Josh Brown on this week’s edition of What Are Your Thoughts! In this episode: Michael says we’re experiencing a version of 1896, 1929, 1999 and 2006 all at the same time. It’s the craziest year ever. No, Robinhood traders aren’t moving the market. But they sure are […]
2 giant growth ETFs suffer biggest selling stampede on record
After this year’s surge in high-growth stocks, two big ETFs tracking those companies are losing steam. Both the $65 billion Vanguard Growth ETF (VUG) and the $10 billion iShares Core S&P U.S. Growth ETF (IUSG) posted their largest outflows on record last month, according to data compiled by Bloomberg. Funds focused on growth lost more […]
Additional BEAT regs. finalized
The IRS on Tuesday finalized regulations that provide additional guidance on the base-erosion and anti-abuse tax (BEAT) (T.D. 9910). The BEAT final regulations retain the basic approach and structure of the proposed regulations (REG-112607-19) that were issued in December 2019, with certain revisions. Like the proposed regulations, the final regulations permit an election to waive […]
COVID-19 decisions create data dilemma for businesses
Businesses have struggled for years to control and track the movement of data throughout the organization. The COVID-19 pandemic has further exacerbated this issue. Problems with connectivity and interoperability between legacy systems and software-as-a-service (SaaS) platforms prompted employees to consistently use personal instances of cloud-based services to aid in the completion of their work. As […]
Regulations coming on S corporations with accumulated E&P and GILTI
The IRS announced in a notice Tuesday (Notice 2020-69) that it intends to issue regulations addressing the application of Secs. 951 and 951A to certain S corporations with accumulated earnings and profits (AE&P). The regulations will allow S corporations to elect to have global intangible low-taxed income (GILTI) inclusions increase the S corporation’s accumulated adjustments account (AAA). […]
Intuit Practice Management now available across accountants products – Accounting Today
Intuit Practice Management, which is powered by Karbon, is now available across all Intuit Accountants products with the addition of ProSeries. Tax professionals using ProConnect Tax Online, Lacerte and ProSeries can now access Practice Management to help centralize contacts, automate tasks, and collaborate in real-time.This year has been complex for tax preparers who have had […]
TQAs discuss nongovernmental health care entities’ pandemic-related issues
Nongovernmental health care entities’ accounting for coronavirus pandemic-related governmental assistance is addressed in Technical Questions and Answers issued by the AICPA on Wednesday. TQAs 6400.63–.70 were developed by the AICPA Health Care Expert Panel and provide background and nonauthoritative accounting information for nongovernmental health care entities, which include business entities and not-for-profits. Information is provided […]