Social Security fraud was already a problem when the global COVID-19 pandemic hit the United States early this spring. But now fraudsters have added brand-new ploys involving the public health crisis to exploit unsuspecting victims. CPAs can help their clients, and the public, by using their esteemed positions in the community to distribute information about […]
Archives for May 2020
ETtech Top 5: Bullish scooter rental startups, BookMyShow layoffs, Amazon’s private labels & more
Happy Thursday! India’s strict nationwide lockdown ensured that public transport remained off the roads for over two months, restricting commute options for healthcare workers, civic authorities, and delivery executives. Some states are now contemplating a cap on the number of passengers who can travel at any given time. As businesses and mass transit systems reopen […]
BookMyShow layoffs, furloughs to impact 270 employees
Online ticket booking company BookMyShow has laid off or furloughed 270 employees, making it the latest entrant in a list of well-funded consumer internet companies to have fired workers in the wake of the economic crisis due to the Covid-19 pandemic. The company has been forced to downsize due to the “unfavourable environment,” said Ashish […]
TikTok owner ByteDance moves to shift power out of China: Sources
TikTok‘s poaching of Disney’s Kevin Mayer to be its CEO was just the most visible part of a broader strategy by its Chinese owner to shift its centre of power away from China at a time of rising global tensions, several people familiar with the plans said. The short video app’s parent company ByteDance has […]
Tracking Amazon inventory in QuickBooks Online – the do’s and don’ts
When it comes to tracking Amazon inventory in QuickBooks Online, what are the do’s and don’ts? Well, my short answer is that you do want to track the inventory costs in QuickBooks Online, but you don’t want to track all of the details of inventory in QuickBooks Online. To find out why that is not […]
How to Record Accrued Interest in Your Books
If you’ve taken out a business loan or line of credit, you’re aware that interest accrues on the borrowed amount. But, do you know how to record accrued interest in your books? Recording interest allocates interest expenses to the appropriate accounts in your books. That way, you can stay organized and better manage your accounting […]
Online gaming firms explore ways to keep users engaged
Online casual gaming firms saw traffic surge just days into the nationwide lockdown that began on March 25, industry players told ET, as people spent more time indoors and as first-timers took the plunge into internetgaming. Casual gaming is targeted at a mass audience and normally requires a lower investment of time and money. Poker […]
After FB-Jio deal, Google eyes stake in Vodafone Idea: Report
Google is said to be exploring an investment in Vodafone Idea, about a month after rival Facebook picked up a 9.99% stake in RIL-owned Jio Platforms, the Financial Times reported, citing people familiar with the matter. It said that Google is looking to pick up a 5% stake in India’s second-largest telecom operator, which is […]
Just 2% of investors baled out during pandemic
The vast majority of retail investors stayed invested during the pandemic with just 2% pulling out, according to a survey by a retail investment platform. The poll by EQi, formerly Selftrade, found that 30% of investors left their investments alone, while 28% continued to buy and sell. Just 2% made only investment sales since the […]
Instagram to start sharing revenue with creators
Instagram is rolling out new features that will enable content creators to make money directly from the platform, as it looks to retain talent amid growing competition from rivals TikTok and YouTube. The Facebook-owned video and photo sharing platform will start sharing revenue with creators through ads on its long-form video service IGTV and purchase […]