And how are you doing Kevin? Well thanks for asking, I’m not too bad in the circumstances. Don’t worry, I’m not cracking up (at least no more than usual), it’s a question I’m asked almost daily, in fact you probably are too. In my experience people are spending more time checking everyone is ok. […]
Archives for May 2020
Podcast: Bond Tax Planning in Today’s Environment
In this episode, Bob Keebler, CPA/PFS, interviews Mark Fichtenbaum, CPA, JD, LLM, one of the foremost experts in the country on the taxation of securities, about bond tax planning strategies to consider with your relevant clients during a volatile market with low interest rates: What are the tax planning opportunities when purchasing bonds that are […]
Microsoft Teams Impersonation Attacks Flood Inboxes
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All ecomm gets nod in Orange, Green zones
The government allowed ecommerce companies such as Amazon and Flipkart to deliver both essential and non-essential items in districts categorised as green and orange zones in Lockdown 3.0 that begins May 4 and runs for two weeks. However, they still can’t sell non-essential items in red zones, where their biggest markets are located. Taxis and […]
ETtech Top 5: Amazon’s India biz most impacted, contactless payments & more
E-commerce firms in India are going through difficult times. Analysts had initially expected online retailers to benefit from the lockdown just as they did in the US and China, but a ban on sale of non-essential items has hurt them the most. Both Walmart-owned Flipkart and Amazon are burning more money on every delivery than […]
Accountants under pressure to process payroll claims
As the Coronavirus Job Retention Scheme (CJRS) portal opened last Monday, accountants have encountered a high demand from clients to prepare payroll documents on time. “One of the issues, when looking at the job retention scheme itself, is about getting the payrolls and the submissions process in time. A lot of our clients, understandably, wanted […]
Improving your chance of securing government backed loans (UK)
Over £4.1 billion has now been paid to more than 25,000 businesses under the UK government’s Coronavirus Business Interruption Loan Scheme (CBILS), up from £2.8 billion for 16,624 businesses last week. This is according to the latest data published by UK Finance, the collective voice for the banking and finance industry. UK Finance said lenders […]
Amazon says India business most affected due to Covid-19
Amazon cited restrictions on ecommerce deliveries imposed by India in the ongoing lockdown to stem the spread of Covid-19, as the reason for its business in the world’s fifth largest economy being the most impacted by the pandemic, even as the American giant recorded a sharp spike in its overall revenue for the first quarter […]
Amazon sees possible Q2 loss as it forecasts $4 billion in Covid-19-related costs
Amazon on Thursday said it could post its first quarterly loss in five years even as revenue surges because it is spending at least $4 billion in response to the coronavirus pandemic, including plans to test its workforce for COVID-19. Shares of Amazon, the world’s largest online retailer, fell 5% in after-hours trade. Jeff Bezos, […]
Tax-News.com: IRS Publishes Transfer Pricing FAQs
On April 16, 2020, the United States Internal Revenue Service issued a set of frequently asked questions and answers to help inform taxpayers about transfer pricing documentation best practices.