If you are a small, independent business experiencing financial hardships, you’ve likely heard about the enactment of the Paycheck Protection Program and loan options made possible through the CARES Act. Did you know that the PPP can offer the potential for complete loan forgiveness and that loan proceeds will directly help small businesses KEEP their […]
Archives for 2020
Zerodha Kite – Online Trading Platform Review
Zerodha Kite – Online Trading Platform – Zerodha is one of the Best discount brokers. I am sure by now you must have opened Zerodha Demat & Trading Account. Zerodha Kite is trading platform of Zerodha. Latest version is Kite 3.0. This version is famous for speed, features and technology. In this post, we will […]
Covid-19 lockdown: Buying from home leads to surge in e-pharmacy sales
Online medical stores such as Netmeds, 1mg and PharmEasy, which have been struggling to take off in a big way for over three years mainly due to regulatory issues, have seen an unprecedented surge in sales across cities amid the Covid-19 crisis. While most brick-and-mortar pharmacies continue to function amid the countrywide lockdown to contain […]
ICICI Bank & HDFC Bank lead the pack in digitization: Report
Private sector lenders ICICI Bank and HDFC Bank, along with Fino Payments Bank led the pack of Indian banks in enabling digitization of country’s payment ecosystem in the month of February, a ranking chart issued by Ministry of Electronics and Information Technology (MeitY) to banks accessed by ET showed. Performances of several high street lenders […]
Govt set to notify new social media norms
The government is in the final stages of notifying an amendment to the intermediary guidelines of the Information Technology Act (IT) 2000, which make social media firms in India responsible for the content on their platforms. According to two senior government officials, the law ministry has made minimal changes to draft amendments finalised by the […]
Zomato, Meesho, Snapdeal, Perpule and NoBroker expand to launch groceries
Illustration: Rahul Awasthi A slew of internet businesses have diversified into the groceries space, a category deemed tough to crack for e-commerce players, in the wake of the Covid-19 pandemic. Social commerce startup Meesho, etailers like Snapdeal, Paytm Mall, Perpule and Shopclues as well as food delivery app Zomato, and real estate platform NoBroker have […]
Bond funds with the biggest net outflows YTD
Corporate credit took it on the nose at the end of the first quarter as investors flooded Treasury bond funds for some semblance of normalcy during the very abnormal coronavirus pandemic. The 20 bond funds with the biggest net outflows so far this year, and at least $500 million in assets under management, have lost […]
A message from Steve Vamos: Staying connected through COVID-19
To our Xero community, We’re facing a truly unprecedented time as COVID-19 impacts every aspect of our lives. Xero is here to help and support you throughout this time. I have recorded a message below to outline what we are currently doing to get through this together. Myself and the Xero team would like to […]
Partnerships can file amended returns to get CARES Act benefits
The IRS is allowing partnerships subject to the centralized audit provisions in the Bipartisan Budget Act of 2015 (BBA), P.L. 114-74, to file an amended partnership return for 2018 or 2019 to take advantage of beneficial tax provisions in the Coronavirus Aid, Relief, and Economic Security (CARES) Act, P.L. 116- 136. The IRS announced in […]
FASB effective date delay proposals to include private company lease accounting – Journal of Accountancy
FASB voted Wednesday to add a project to its technical agenda to propose delaying the effective dates of its standards on revenue recognition and lease accounting for certain entities because of challenges related to the coronavirus pandemic. The board voted unanimously to consider amending the effective date of FASB Accounting Standards Codification (ASC) Topic 606, […]