Uber and Ola rides are down by as much as a third over the last one week after large companies advised staff to work from home and restrict business travel, driver associations and company insiders told ET. Metros, which form the bulk of business for these cab-hailing companies, have seen the biggest decrease in business. […]
Archives for March 2020
Our commitment to our customers and partners during COVID-19
To our Xero community, We wanted to take a moment to share with our customers, partners and communities how Xero is responding to the evolving Coronavirus (COVID-19) situation. We’ve been closely monitoring this since news first broke and we’ve had a dedicated team working on this for some time. This team meets daily and our […]
Final regs. raise offer-in-compromise user fee
News Procedure & Administration By Sally P. Schreiber, J.D. {:else} {timeSince} {/if} {@if cond=”{isCGMA}”} {:else} {/if} {/.} On Thursday, the IRS raised its user fee for offers in compromise (OIC) from $186 to $205, but also expanded its definition of low-income taxpayers who are exempt from the fee (T.D. 9894). The increased fee is lower […]
FASB provides accounting relief for LIBOR transition – Journal of Accountancy
FASB issued a standard Thursday that is designed to give financial statement preparers relief as they make the transition away from the London Interbank Offered Rate (LIBOR) and other similar rates that are being discontinued. LIBOR and other interbank offered rates are widely used as benchmarks or reference rates in loans, derivatives, and other financial […]
FASB provides accounting relief for LIBOR transition
FASB issued a standard Thursday that is designed to give financial statement preparers relief as they make the transition away from the London Interbank Offered Rate (LIBOR) and other similar rates that are being discontinued. LIBOR and other interbank offered rates are widely used as benchmarks or reference rates in loans, derivatives, and other financial […]
How our Xero Americas offices celebrated #EachforEqual this International Women’s Day
At Xero, we have a strong commitment to gender equality. We were thrilled to be included in this year’s Bloomberg Gender Equality Index, but know that championing diversity is much more than achieving gender balance. We strive to create a culture of belonging. Where differences not only exist, but where they are respected, supported, and […]
SEC exempts certain companies from ICFR attestation requirement
Smaller reporting companies with less than $100 million in revenue will no longer be required to obtain a separate attestation of their internal control over financial reporting (ICFR) from an outside auditor under amendments adopted Thursday by the SEC. Under the amendments, these companies will continue to be required to establish and maintain effective ICFR. […]
Supreme Court closes to the public until further notice amid coronavirus outbreak
A man walks up the steps of the U.S. Supreme Court on January 31, 2017 in Washington, DC. Mark Wilson | Getty Images News | Getty Images The Supreme Court will be closed to the public until further notice amid the coronavirus pandemic, a spokesperson said Thursday. The building will remain open for “official business,” […]
Advisors near containment zone deal with effects of coronavirus
The coronavirus pandemic is hitting close to home for financial advisor Liz Landau. There’s an emergency containment zone 10 minutes away from her White Plains, New York, office in nearby New Rochelle. Her daughter is in self-quarantine after a study abroad semester in Italy was canceled. One of Landau’s clients — a hospital doctor who […]
Shareholders pick holes in Europe’s bank safety blanket
LONDON/FRANKFURT (Reuters) – The euro zone followed Britain on Thursday with measures to support banks hit by the coronavirus pandemic but it offered little consolation to their long-suffering shareholders, faced with continued rock-bottom interest rates and a dire economic outlook. Lenders will be allowed to operate with less capital and cash than usual and the […]