Visitors browse at the display of Expedia during the International Tourism Trade Fair in Berlin. Fabrizio Bensch | Retuers As online travel giant Expedia struggles to survive the ravages of the coronavirus crisis, private equity has jumped in to help the company stay afloat and potentially ready it for sale when the economy restarts. Apollo […]
Archives for April 2020
Tax & Accounting Update – The CPA Journal
Tax & Accounting Update is provided by Thomson Reuters and based on material published on Checkpoint, its online news and research platform. The Update is a quick-reference guide to the most pressing issues coming down the regulatory and administrative pipeline. Visit https://tax.thomsonreuters.com/checkpoint-news/ for further information and daily updates. Tax News IRS properly withheld employee names, cellphone numbers […]
SAS@home Virtual Summit Showcases New Threat Intel, Industry Changes
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SBA warns that larger companies may not qualify for PPP loans
The U.S. Small Business Administration (SBA) issued guidance Thursday reminding larger companies with adequate sources of liquidity to support ongoing operations of their responsibility to certify their eligibility for Paycheck Protection Program (PPP) loans if they apply or have applied. The SBA also issued guidance Friday in an interim final rule related to the PPP […]
Weekend Reading for Financial Planners (Apr 25-26)
Executive Summary Enjoy the current installment of “weekend reading for financial planners” – this week’s edition kicks off with the news that the Senate and House (and imminently, the President) are signing into law the next wave of coronavirus pandemic stimulus, a $484B bill that includes another $310B of funding for the PPP (along with […]
View: Raise the bar for online liquor sale
By Aman Taneja & Anirudh Rastogi, Ikigai LawWith more than another week of nationwide lockdown to go, and the Indian economy continuing to face unprecedented batterings due to businesses being shut for more than amonth, the prohibition on the sale of liquor has become a contentious issue. Keeping practical issues like social distancing and the […]
Coming soon: E-commerce platform for small traders
The Department for Promotion of Industry & Internal Trade (DPIIT) along with small retailers group Confederation of All India Traders (CAIT) are setting up an e-commerce platform to help the local kirana stores take orders online for essentials and provide last mile contactless delivery. In a media release by CAIT, it said apart from DPIIT […]
AICPA addresses CPA firm-lender issues related to PPP
The AICPA offered recommendations Thursday for the CPA firm-lender relationship related to firms assisting clients that are seeking Paycheck Protection Program (PPP) funding. In the interest of advancing a clear and orderly loan application process, the AICPA recommended that the CPA contact the lender before offering assistance to and performing advisory work for the client. […]
Auditors displaying dedication during pandemic, CAQ’s Lindsay says
The dedication displayed by audit firms since the coronavirus pandemic caused a shift to remote working left a strong impression on Center for Audit Quality Executive Director Julie Bell Lindsay. “For the first two weeks, in talking to members of the firms and teams and staff, they were working around the clock, and I’m not […]
Voices: Fed denies active bond industry a star turn
Active managers who aspire to greatness dream of the big crisis, the kind that throws everything into chaos. It’s in those moments that financial assets trade at fire-sale prices capable of delivering huge payoffs. As Baron Rothschild famously and grimly observed three centuries ago, “The time to buy is when there’s blood in the streets.” […]