Financial Planning Today wishes all of our readers, advertisers, contributors and supporters a very Happy and Prosperous New Year in 2020. 2019 was a hugely busy year for the Financial Planning and for Financial Planning Today too. In 2019 we: • Launched a brand new print edition of our popular digital sister magazine Financial Planning […]
Archives for December 2019
Money woes cause sleepless nights for 1 in 3
One in three UK adults (33%) say they suffer sleepless nights due to financial worries, according to a survey. One in four (24%) say that money worries negatively affect their relationships with family and friends and nearly one in five (16%) are so worried about money they say it affects their performance at work. New […]
2020 Cybersecurity Trends to Watch
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Section 80TTB: Senior Citizens can Save Tax on their Interest Income
Budget 2018 along with many changes to tax laws also introduced a new Section 80TTB. According to this Senior citizen can claim tax exemption up to Rs 50,000 on interest income from bank/ post office fixed deposit, recurring deposit or savings account. Also, if a senior citizen opts to take advantage of Section 80TTB, he […]
Reliance sets up Jiomart to sell grocery online soon
Reliance Industries, India’s biggest company by market value, has started its web portal Jiomart, harnessing the might of its two largest consumer-facing businesses to announce its entry into online food and grocery shopping by early next year. The app will connect both lastmile neighbourhood stores and consumers, leveraging data and technology capabilities of Reliance’s telecom […]
Activists rally against ‘illegal’ surveillance of CAA protests
image for representation only Digital rights activists are up in arms over what they term as illegal acts of mass surveillance by law enforcement authorities in Delhi during the recent protests against the Citizenship Amendment Act (CAA) and proposed National Register of Citizens. In letters to the home ministry and Delhi Police commissioner on Sunday, […]
Now might be a good time to save in Roth accounts
Welcome to Retirement Scan, our daily roundup of retirement news your clients may be talking about. Now might be a good time to save in a Roth 401(k) or Roth IRAContributing to a Roth account makes sense for clients who anticipate higher tax rates in the future, as the distributions won’t be taxed in retirement, […]
Giuliani reportedly made a back-channel call with Venezuelan President Maduro
Rudy Giuliani, President Donald Trump’s personal attorney, called Venezuelan leader Nicolas Maduro late last year in an attempt to oust him from the presidency, The Washington Post reported, citing people familiar with the endeavor. The call is another instance of Giuliani’s involvement in U.S. diplomatic policy. The former New York mayor has come under intense […]
AICPA offers practice aid for accounting for digital assets – Accounting Today
The American Institute of CPAs’ Digital Assets Working Group has released a practice aid to offer guidance on how to account for and audit digital assets such as Bitcoin and other forms of cryptocurrency. The assets are defined broadly as digital records, made using cryptography for verification and security purposes, on a distributed ledger. The […]
Facebook fined $1.6M by Brazil govt for improper sharing of user data
Brazil’s Ministry of Justice said on Monday it fined U.S. tech giant Facebook Inc 6.6 million reais ($1.6 million) for improperly sharing user data. The ministry’s department of consumer protection said it had found that data from 443,000 Facebook users was improperly made available to developers of an App called “thisisyourdigitallife.” The data was being […]