The Department for Promotion of Industry & Internal Trade (DPIIT) along with small retailers group Confederation of All India Traders (CAIT) are setting up an e-commerce platform to help the local kirana stores take orders online for essentials and provide last mile contactless delivery. In a media release by CAIT, it said apart from DPIIT […]
Archives for 2020
AICPA addresses CPA firm-lender issues related to PPP
The AICPA offered recommendations Thursday for the CPA firm-lender relationship related to firms assisting clients that are seeking Paycheck Protection Program (PPP) funding. In the interest of advancing a clear and orderly loan application process, the AICPA recommended that the CPA contact the lender before offering assistance to and performing advisory work for the client. […]
Auditors displaying dedication during pandemic, CAQ’s Lindsay says
The dedication displayed by audit firms since the coronavirus pandemic caused a shift to remote working left a strong impression on Center for Audit Quality Executive Director Julie Bell Lindsay. “For the first two weeks, in talking to members of the firms and teams and staff, they were working around the clock, and I’m not […]
Voices: Fed denies active bond industry a star turn
Active managers who aspire to greatness dream of the big crisis, the kind that throws everything into chaos. It’s in those moments that financial assets trade at fire-sale prices capable of delivering huge payoffs. As Baron Rothschild famously and grimly observed three centuries ago, “The time to buy is when there’s blood in the streets.” […]
Editor’s Column: More mini-bond misery but why?
So here we go again, another saga getting under way about unsuspecting ‘mini-bond’ investors being ripped off. I suspect the regulators and FSCS are already fed up hearing about mini-bonds following the £236m collapse of London Capital & Finance (LCF) which left more than 11,000 investors in the lurch, some of them separated from a […]
Securing finance through the Coronavirus Business Interruption Loan Scheme (CBILS)
Commercial lenders have now approved more than £2.8 billion of financing to support businesses as part of the UK government’s Coronavirus Business Interruption Loan Scheme (CBILS). This is according to the latest data published by UK Finance on 23 April. Among nearly 50 approved lenders, with more being considered by the British Business Bank, more […]
Why Americans Prefer Real Estate to Stocks
Gallup is out with some new data on American views toward investment markets that I think is worth discussing. Overall, about 55% of US households have some investment in the stock market (through either individual equities or mutual funds), which is unchanged from two years ago but below the peak of 63% from shortly after […]
How to safeguard your sleep during Covid-19
Over the last few weeks, our world has changed significantly. Life and business as we know it has been flipped on its head. For many, that means life has slowed down and for others, it’s never been more chaotic. With such unprecedented change coming on so quickly, it’s understandable that the importance of sleep is […]
Podcast: To Roth or Not to Roth in the Current Environment
With changes to Roth planning due to TCJA, the SECURE Act, and now the CARES Act and market volatility resulting from COVID-19, it’s important to consider whether Roth conversions would be optimal to help your clients reach their long- term goals. In this episode, Bob Keebler, CPA/PFS, shares the nuances to consider when making decisions […]
ETtech Top 5: Urban India flocks to TikTok, Jio-Facebook’s differing policy views & more
Happy Friday! Thanks to the lockdown, urban India is glued to TikTok. Some users are posting goofy videos while confined in their homes. Illustration: Rahul Awasthi No more ‘cringe-worthy’ Until recently, a section of online users frowned upon TikTok’s content and labelled it “cringe-worthy” even as users from tier-II and -III cities gained rewards and […]