Xero’s interface for making batch payments was one of the first to be built on the platform. As good as it was, it was unable to support new payment integrations such as Pay with TransferWise in the UK and needed a refresh. As a result, we have been working to improve bill payments and reduce […]
Archives for February 2020
AICPA requests clarity on Sec. 465 reporting relief
The AICPA has requested that Treasury and the IRS issue a notice clarifying that relief on certain reporting under Sec. 465 will also apply to S corporations. On Dec. 9, 2019, Treasury and the IRS issued Notice 2019-66 to provide — among other relief — a delay in certain reporting under Sec. 465 at-risk activities […]
You’re compatible in every way … except financially. How to deal?
You know you want to be together forever, but if there’s one thing you fight about, it’s money. Maybe you’re a spender and your partner is a saver. Maybe you keep cash in savings accounts while they gravitate toward risky investments. Maybe they want to maintain detailed budgeting spreadsheets, but you’d rather not dedicate the […]
IR35 causing “blockage in the market”
The IR35 reforms enacted by HMRC have disrupted the market due to the April deadline imposed on businesses, leaving them with limited time to adapt according to the software company’s CEO James Poyser. “As a board of directors, IR35 is something we’ve prepared for a long time and modelled it. We have a strategy in […]
Amazon’s first employee says the company scares him
Shel Kaphan Nikki Kahn | The Washington Post | Getty Images Amazon‘s first employee says he’s concerned about how big the company has become. Shel Kaphan, who joined Amazon after it was founded in 1994, gave a rare interview to PBS Frontline for its two-hour special, “Amazon Empire: The Rise and Reign of Jeff Bezos,” […]
ETMoney now lets users invest in NPS through its app
ETMoney has introduced an option to invest in National Pension Scheme (NPS) to help customers save on taxes and increase flow to the PFRDA controlled pension corpus.Through the feature, the fintech platform expects to double the NPS users across the country, a company spokesperson said. “India has one of the youngest working populations in the […]
Boeing finds debris in 737 MAX jetliners – company memo
SEATTLE (Reuters) – Boeing Co found debris that could pose potential safety risks in the fuel tanks of several 737 MAX aircraft that are in storage and waiting to be delivered to airlines, according to an internal memo seen by Reuters on Tuesday. Foreign object debris, an industrial term for rags, tools, metal shavings and […]
Swiggy raises $113 million led by existing investor Naspers
Illustration: Rahul Awasthi Online food ordering platform Swiggy has raised $113 million, led by existing investor South African internet giant Naspers. The latest capital raising values the company at nearly $3.6 billion. The fund infusion is part of a larger $150 million funding round, sources said. Other existing investors, Hadley Harbour Master Investments and Chinese […]
Swiggy raises $113M led by Naspers, valuation stays flat at $3.3B
Illustration: Rahul Awasthi Food delivery platform Swiggy has raised $113 million led by South African internet giant Naspers, valuing it at nearly $3.3 billion. Other existing investors Hadley Harbour Master Investments and Meituan also participated in the round, regulatory filings show. About $100 million of the investment has come from Naspers, which holds over 40% […]
Strategies To Mitigate The (Partial) Death Of The Stretch IRA
Executive Summary Passed by Congress in December 2019, the “Setting Every Community Up For Retirement Enhancement (SECURE) Act” introduced substantial updates to long-standing retirement account rules. One of the most notable changes was the removal of the ‘stretch’ provision for certain non-spouse designated beneficiaries of inherited retirement accounts and the introduction of a “10-Year Rule” […]