Illustration: Rahul Awasthi Social media influencers are creating content on how to make money online, prompted by queries from people scarred by uncertainty in the jobs market due to the Covid-19 pandemic. These influencers are sharing detailed tutorials on short-term and long-term money-making avenues, including content writing, blogging, gaming, affiliate or referral marketing, participation in […]
Archives for 2020
AICPA Council supports advancement of new CPA licensure model
News PROFESSIONAL DEVELOPMENT By Ken Tysiac {:else} {timeSince} {/if} {@if cond=”{isCGMA}”} {:else} {/if} {/.} An effort to transform the CPA licensure model took a step forward Wednesday when the AICPA governing Council voted to support its advancement during its virtual spring meeting. Council voted to support the CPA Evolution initiative, which is being undertaken by […]
HSA contribution limits increase for 2021
News Employee Benefits & Pensions By Sally P. Schreiber, J.D. {:else} {timeSince} {/if} {@if cond=”{isCGMA}”} {:else} {/if} {/.} The IRS in Rev. Proc. 2020-32 announced the annual inflation-adjusted limits on deductions for contributions to a health savings account (HSA) allowed for taxpayers with family coverage under a high-deductible health plan (HDHP) for calendar year 2021. […]
Actively managed funds with the biggest 10-year gains
Funds with human managers calling the shots can still outperform. It’s just a matter of positioning. That’s been the case for the industry’s 20 top-performing actively managed funds of the past decade. Those with managers making the decisions, and at least $500 million in assets under management, recorded an average 10-year gain of 18%, according […]
FASB votes to delay revenue recognition effective date for private companies
FASB voted Wednesday to extend by one year the effective date of its revenue recognition standard to all nonpublic entities that have not yet issued their financial statements. The board originally had proposed amending the revenue recognition standard effective date just for franchisors that are not public business entities. But feedback FASB received on the […]
Ola lays off 1,400 employees as Covid-19 hits 95% revenue
Ride-hailing service Ola has asked over a quarter of its workforce in India to leave the company, as it joins the swelling ranks of the country’s most valuable startups that are trimming headcount in a bid to combat the economic disruption wrought by Covid-19. Ola has seen revenue drop by 95% in the past two […]
ETtech Top 5: Ola layoffs, New micro VC fund, e-commerce back in business & more
Happy Wednesday! The uncertainty surrounding the Covid-19 pandemic is slowly dawning on Indian startups. Initially, most companies thought that this would be a short-lived crisis and the country would soon be out of the woods. But the way India’s case count has risen over the past few days, the fight to contain the virus outbreak […]
Virus accounting maneuvers criticized by European authorities – Accounting Today
Europe’s top markets watchdog is warning companies against getting creative with financial statements that obscure the effect of the coronavirus pandemic on their bottom line. In guidance ahead of companies’ half-year results, the European Securities and Markets Authority said on Wednesday that firms shouldn’t separate the impact of the virus from overall profits and losses. […]
Border Wars: Helping Clients Set Financial (And Emotional) Boundaries To Avoid Enabling Dependent Family Members
Executive Summary It is natural for individuals to want to help their friends and family members in times of need, and doing so can be a healthy way to nurture those important relationships. However, establishing realistic boundaries is also important in healthy relationships, especially when the relationship dynamic involves a provider and dependent. For financial […]
NoBroker to hire more staff, give salary hike
Online real estate search platform NoBroker has decided to hire over 100 people and hike salaries of its existing staff at a time when real estate companies are laying off staff and cutting salaries. The company, which raised funding of $30 million in a Series D round from General Atlantic in April 2020, is witnessing […]