U.S. accounting rulemakers face multiple objections Wednesday when they vet a proposal that would make businesses reveal more details about their income taxes. In one corner, multinational businesses say the plan is complex and could mislead readers of their financial statements. In another, investors say the proposal doesn’t go far enough. “It asks more questions […]
Archives for February 2020
Business continuity planning and reinforcing stability during uncertain times
Over the past few months alone, we have witnessed devastating natural disasters in Australia and New Zealand, social unrest in Hong Kong and now the Coronavirus outbreak globally. These series of unpredictable events have signalled to businesses the urgent need to instil stability and minimise disruption in their operations using technology. Not only did these […]
Buying from foreign ecommerce sites may get costlier
The government may consider introducing a prepaid tax and customs model for cross-border transactions, a move that could make buying products from foreign ecommerce platforms costlier. Chinese and other foreign ecommerce platforms, while shipping products to Indian customers, would have to pay the tax and customs duty through a government IT system and can only […]
WhatsApp Pay to expand UPI project to 10 million users
Facebook-owned instant messaging platform WhatsApp has received permission from the National Payments Corporation of India (NPCI) to expand its pilot United Payment Interface (UPI) services to 10 million users, according to Nandan Nilekani, the architect of unique identity database Aadhaar and UPI. Nikelani was speaking at an IIT Industry Conclave event on Friday. WhatsApp’s payment […]
E-comm in India is a fantastic revolution, says L’Oréal CEO
Illustration: Rahul Awasthi L’Oréal, the world’s largest cosmetics company, said e-commerce is turning out to be a game changer in India, a market where rivals have been historically stronger due to dominance of kirana stores. India has an estimated 10 million kirana stores, which account for an estimated 90% of overall consumer products sales. A […]
Tech platforms take on virus rumours
Illustration: Rahul Awasthi Technology platforms are fighting to control misinformation regarding the novel Coronavirus through search prompts, removal of content and by teaming up with fact checkers, amid a social media deluge of alarming warnings, possible cures and rumours regarding the virus that originated in China. On Friday, Twitter launched a dedicated search prompt for […]
Building Client Relationships
Today I received an email enquiry directly from my website from someone who wanted a quote for payroll and auto enrolment. They asked me not to telephone so I assumed, as is often the case, that it was a sensitive situation. So I emailed and asked them to call me when it was convenient to […]
Lost in Yesterday
[embedded content] You gotta check out the new video from Tame Impala for ‘Lost in Yesterday’, off their new album which comes out this week. There’s a lot going on here. I think about it as a metaphor for how our memories of the past grow fonder as time goes on, and we start to […]
Accounting for kindness | Valley Life – Ontario Argus Observer
Officials with Nichol’s Accounting Group bestow members with Giggles & Grace a check for $1,000, which will be used by the organization as needed. Other local organizations also received $1,000 each including Treasure Valley Children’s Relief Nursery, The Mentoring Network, and Giraffe Laugh. Shawn Reynolds, executive director with Giggles & Grace, says the kindness by […]
China allocates $10.26 billion to fight coronavirus
BEIJING (Reuters) – China’s finance ministry said on Sunday all levels of government had allocated a total of 71.85 billion yuan ($10.26 billion) as of Saturday afternoon to fight coronavirus. The ministry will deploy the funds to ensure that members of public can afford diagnosis and treatment, it said in a statement on its website. […]