The number of cyberattacks on Indian companies has doubled in the past few days, as cybercriminals use the disruption brought about by the Covid-19 outbreak to infiltrate corporate networks and steal data, according to a study by PricewaterhouseCoopers’ cybersecurity team. Due to increased hacker activity, phishing attempts have gone up by three times, and the […]
Archives for March 2020
COVID-19 lockdown: Health Ministry allows doorstep delivery of essential medicines
Amid the ongoing nationwide lockdown to contain COVID-19 outbreak, the Union Health Ministry on Thursday allowed doorstep delivery of essential medicines as part of an effort to restrict people’s movement further. According to a notification issued by the health ministry, medical retailers will be allowed to provide drugs to people at their doorstep. This order […]
Why taxing global tech is easier said than done
Illustration: Rahul Awasthi The government may face challenges in imposing the new equalisation levy since the onus of paying the 2% tax will rest with foreign firms rather than consumers in India, analysts said. The tax is on global companies that offer digital products and services to Indian residents. It comes into effect from April […]
Podcasts find their voice during Covid-19 pandemic
Illustration: Rahul Awasthi Arpita Mehta’s daily commute in Mumbai usually involved listening to podcasts on current affairs for about 15-20 minutes. Now, the chartered accountant is relying on podcasts related to history and economics to get through the day, working from home. Mehta is listening to three times more podcasts ever since her workplace made […]
Supply woes ease, but still a long road ahead
The disruption in supplies of essentials eased on Thursday, although consumers and the trade still complained about goods not getting through. This prompted the government to issue guidelines late on Thursday to ensure that holdups could be overcome. Retailers, both offline and online, said they saw an improvement after local authorities and police acted to […]
What Accounting Skills Will You Learn in an MSA Program? | NEC MSA – NEC News & Events
Alerts Please click here for the latest news about how NEC is managing the coronavirus outbreak Earning a Master of Science in Accounting degree sets you apart from many others in the field, giving your career a competitive advantage. Here’s why: An MSA is the best preparation for obtaining a CPA license or CME license. […]
Piyush Goyal hears out e-commerce, food delivery and logistics CEOs
Piyush Goyal (File Pic) Commerce and industry minister Piyush Goyal on Thursday interacted with a group of chief executives from e-commerce, food delivery, cash and carry and logistics companies over video conferencing to understand the issues they were facing, before passing on his recommendations to the home ministry. Over the past five days, e-commerce companies […]
Your client lost their job due to coronavirus. Now what?
Welcome to Retirement Scan, our daily roundup of retirement news your clients may be talking about Your client lost their corporate job due to the coronavirus. Now what?Working clients who may have received severance pay after losing their jobs amid the coronavirus crisis have the option of investing the money for retirement and other long-term […]
AICPA requests broader relief for taxpayers
The AICPA on Thursday urged Treasury and the IRS to provide broader tax filing and payment relief for taxpayers affected by the ongoing COVID-19 pandemic. In a letter to Treasury Assistant Secretary for Tax Policy David J. Kautter and IRS Commissioner Charles Rettig from Christopher Hesse, CPA, chair of the AICPA Tax Executive Committee, the […]
CARES Act would delay compliance with FASB credit loss standard
The federal economic stimulus bill designed to offer some relief amid the coronavirus epidemic includes a delay in the date by which financial institutions are required to comply with FASB’s new accounting standard for credit losses. The Coronavirus Aid, Relief, and Economic Security (CARES) Act, H.R. 748, states that no depository institution, bank holding company, […]