I am beginning to wonder if low cost investment dynamo Vanguard is becoming the new Aldi of the investment world and what this means for the sector. This week the company set the cat among the pigeons with a new low cost SIPP launch. It was clear from the accompanying information with the launch […]
Archives for February 2020
Larry Kudlow says falling bond yields don’t reflect the US economy’s ‘fundamentals’
White House economic adviser Larry Kudlow speaks to reporters at the White House in Washington, May 3, 2019. Kevin Lamarque | Reuters Larry Kudlow, President Donald Trump’s top economic advisor, told CNBC on Friday that he believes the recent decline in U.S. bond yields doesn’t reflect market or business fundamentals and instead reflects a transient […]
Small Business Taxes: How to Successfully Navigate Tax Season
Most people can work through filing an individual tax return. However, when responsible for submitting your small business taxes, a lot more is at stake. Though 93% of small businesses confidently believe in their ability to accurately file taxes, almost one-third also speculate they are overpaying. Tax season is a stressful time for any business, […]
FASAB clarifies loss allowance for intragovernmental receivables
Accounting guidance for federal government entities on the loss allowance for intragovernmental receivables was clarified in a technical bulletin issued Thursday by the Federal Accounting Standards Advisory Board. Technical Bulletin 2020-1, Loss Allowance for Intragovernmental Receivables, explains that the recognition of losses, provided in Paragraphs 40–52 in Statement of Federal Financial Accounting Standards 1, Accounting […]
ISS World Hit with Malware Attack that Shuts Down Global Computer Network
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Changes to Twitter updates for Financial Planning Today
Financial Planning Today is revamping its Twitter accounts to give our 10,000+ Followers easier access to news alerts and updates. We have thousands of Followers across several accounts and it’s a popular way to get regular updates and news alerts from us – as well as news about Financial Planning Today magazine and details of new […]
US IRS sues Facebook for $9 billion in unpaid taxes
The US Internal Revenue Service (IRS) has sued Facebook for $9 billion in unpaid taxes, alleging that the social networking giant undervalued the intellectual property it sold to the subsidiary, thereby dodging billions in taxes. The IRS lawsuit, filed in a San Francisco court, claimed that Facebook “undervalued the royalty amount between 2010 and 2016, […]
Paytm Bank partners with Ola & Uber to issue FASTags to one lakh drivers
Paytm Payments Bank said it has entered into a strategic partnership with ride-hailing companies, Ola and Uber, and will issue FASTags to more than 1 lakh driver-partners. The company said it has set up over 12 camps at Uber Green zones across all the major cities including Delhi-NCR, Bangalore, Chennai Kerala, Hyderabad, Kolkata, Guwahati, Pune, […]
LEBC in ‘buoyant mood’ despite losses and turnover slump
LEBC Group, the pensions and financial advice company founded by a Chartered Financial Planner, remains in “buoyant mood” despite making a financial year loss of £401,000 last year and having to withdraw from DB transfer advice. In the financial year to September the company saw turnover drop from £20.5m to £16.9m, blaming Brexit uncertainty for […]
Amazon grapples with the fallout from the Coronavirus
By Karen Weise and Michael Corkery What if the Everything Store couldn’t sell everything because of disruptions from the coronavirus? That’s the situation that Amazon — which typically stocks more than 100 million items, from toilet paper to yoga pants — is working to avoid as the deadly outbreak continues to shut down and slow […]