As a business owner, you’re responsible for recording your company’s transactions. And to support your entries, you should be keeping adequate documentation. This accounting documentation acts as an audit trail for your business. Read on to learn what is an audit trail and why it is essential for your small business. What is an audit […]
Archives for April 2020
#FASuccess Ep 171: Transitioning From Successful Wholesaling To Financial Advisors To Becoming One Instead, with Tom Kennedy
Executive Summary Welcome back to the 171st episode of Financial Advisor Success Podcast! My guest on today’s podcast is Tom Kennedy. Tom is a wealth advisor at Global Wealth Advisors, a hybrid advisory firm based in Houston, Texas where Tom works with a base of nearly 400 clients. What’s unique about Tom, though, is that he […]
PFS backs FCA action to keep lid on fees
The Personal Finance Society has welcomed the FCA’s freezing of 2020/21 fees for small firms but warned that the Coronavirus outbreak could force up compensation costs and hit advice firms hard without major reform. The Chartered Financial Planner professional body was positive about the FCA’s recognition today of the “financial pressure” the Coronavirus outbreak was […]
More Americans worry about losing wages and covering costs as coronavirus spreads, CNBC/Change Research poll finds
Adriana Gomez prays outside the Our Lady Queen of Angels Catholic Church on Palm Sunday during the outbreak of the coronavirus disease (COVID-19) in Los Angeles, California, April 5, 2020. Kyle Grillot | Reuters As the coronavirus pandemic clobbers the U.S. economy, more voters in pivotal 2020 election states are worrying about losing their jobs […]
HSBC Hong Kong asset management units fined $450 000
HONG KONG (Reuters) – Hong Kong’s markets regulator has fined two HSBC units HK$3.5 million ($451,456) for regulatory breaches. The Securities and Futures Commission (SFC) said that some of the 53 funds managed by HSBC Investment Funds (Hong Kong) Limited and HSBC Global Asset Management (Hong Kong) had placed cash deposits with HSBC’s banking operations, […]
Indian traders ask court for Amazon, Flipkart antitrust probe restart
An Indian retail group has asked a court to allow the restart of an antitrust investigation into Amazon and a Walmart unit that is on hold following a legal challenge by the companies, a court filing seen by Reuters showed. Amazon and Walmart’s unit Flipkart did not immediately respond to a request for comment on […]
Managing source documents: a guide for accountants and small businesses
The management of source documents – bills, invoices, receipts or anything substantiating a transaction – is critical for small business compliance. They’re also important for accurately and efficiently completing the accounting process, and ultimately, providing informative business insights. However, there are often a few questions that arise when it comes to source document management best […]
Airbnb secures $1 billion investment from Silver Lake, Sixth Street
Airbnb said on Monday private equity firms Silver Lake and Sixth Street Partners will invest $1 billion in the U.S. home rental company, bolstering its finances at a time when the coronavirus outbreak has roiled the travel and leisure industry. The investment, which was mixture of debt and equity, raises Airbnb’s cash reserves to around […]
Amazon pumps Rs 284 crore into food retail unit
Amazon has pumped in Rs 284 crore in Amazon Retail, the unit which sells grocery and food items on the India marketplace, according to regulatory documents sourced from business intelligence platform Tofler. This comes at a time when Amazon India is only selling essentials due to the lockdown restrictions and is witnessing high demand for […]
Internet emerges as biggest infotainment source for consumers amid nationwide lockdown
Online has become the new highway for Indians as growing concerns over coronavirus and the subsequent lockdown order restricted people at home, making smartphones, laptops and televisions only ways to access the outside world, including office. According to data collated by various agencies and i-exchanges, internet has emerged as the biggest source for information and […]