As a business owner, you’re responsible for staying on top of your business’s books. If you have up-to-date and accurate accounting records, your company will be on the road to success. But if you fail to focus on your accounting tasks, your business can quickly sink before it has the chance to grow. To help […]
Archives for 2020
FASB issues Q&As to clarify pandemic lease accounting issues
FASB posted a staff Q&A document to its website Friday that is designed to clarify pandemic-related questions about lease accounting. As a result of economic disruptions caused by the pandemic, many lessors will provide lease concessions to tenants. The Q&A states that for concessions related to the effects of the coronavirus pandemic, an entity will […]
Unexpected rollover tax relief for unwanted RMDs
Sometimes procrastination has its benefits. Some clients had already taken required minimum distributions for 2020 when the coronavirus relief act, known as the CARES Act, eliminated them for this year. Now the question is, “Can I roll those funds back and eliminate the tax bill? The answer: Maybe. The IRS has just made it easier […]
Critical VMware Bug Opens Up Corporate Treasure to Hackers
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How would you change your life if there were only ten years left?
This is one of the three questions George Kinder tells advisors to discuss with their clients in order to do what he calls “Life Planning” as opposed to just financial planning. My colleague Blair duQuesnay talked with George about why these three questions are so powerful in the context of serving as a fiduciary to […]
Supply of essentials gets caught up as lockdown tightens
Consumers are finding it difficult to buy food, groceries and other essential goods at retail stores and through e-commerce platforms after several states intensified efforts to lock down the so-called Red Zones with a higher density of Covid-19 positive cases. According to a survey by community platform LocalCircles, the percentage of consumers who were able […]
Guidance on NOL carryback and tentative carryback adjustments
The IRS provided guidance on how taxpayers who want to elect to waive or reduce the new provision requiring taxpayers with net operating losses (NOLs) arising in tax years beginning in 2018, 2019, and 2020 to carry them back five years (Rev. Proc. 2020-24). The IRS also extended the deadline for filing an application for […]
ETtech Top 5: Hyperlocal model gets a new lease of life, brands go big on face masks & more
Illustration: Rahul Awasthi Hyperlocal model gets a new lease of lifeHyperlocal delivery of food and groceries is making a comeback. As India went into lockdown, e-commerce firms started forging partnerships with brick-and-mortar stores to cater to the spike in demand of essential goods. The modelHyperlocal delivery, which involved picking up goods from neighbourhood mom-and-pop stores […]
BankBazaar raises Rs 29 crore from Amazon, other investors
Financial services marketplace BankBazaar has raised Rs 29 crore as part of its ongoing Series D round from existing investors including Amazon, Sequoia and Walden SKT Venture Fund, according to its filings with the Registrar of Companies. This funding comes more than two and a half years after the global credit rating agency Experian had […]
Exclusive: KKR’s Envision Healthcare hires bank to explore debt restructuring – sources
(Reuters) – Envision Healthcare Corp, a U.S. provider of physicians and other medical staff owned by buyout firm KKR & Co Inc (KKR.N), has hired a financial adviser to explore ways to restructure its $7.5 billion debt pile, people familiar with the matter said. Envision’s move underscores the struggles facing the medical industry in the […]