A woman puts on a protective mask as is instructed by Miami-Dade County Social Distancing Ambassadors as beaches are reopened with restrictions to limit the spread of the coronavirus disease (COVID-19), in Miami Beach, Florida, U.S., June 10, 2020. Marco Bello | Reuters As coronavirus outbreaks surge in several states across the country, public officials […]
Archives for June 2020
Disillusioned UBS vet bolts wirehouse, declares independence on 65th birthday
Ahmie Baum knows something about transitions. After all, the longtime ex-UBS advisor who began his wirehouse career at E.F. Hutton in 1979 has been counseling clients on how to “navigate the known and the unknown” when they sell their businesses or retire from executive, medical or legal careers for 40 years. Former UBS advisor Ahmie […]
Strategies for addressing pandemic-related audit risks
Like professionals in nearly every business on the planet, auditors have suffered a tremendous disruption to their normal operations because of the coronavirus pandemic. But the magnitude of the pandemic’s fallout will only start to become clear as engagement teams plan strategies for upcoming 2020 client reviews and audits and carry out fundamental procedures like […]
Probe into 3 auditors over £237m LCF collapse
The Financial Reporting Council, the regulator of auditors, accountants and actuaries, has launched investigations into three audit firms over their audits of collapsed mini-bond firm London Capital & Finance plc (LCF). The FRC will probe the handling of the audits by PWC, EY and Oliver Clive & Co. The regulator says it has established three […]
RIC shareholders can take Sec. 199A deduction for REIT dividends
A regulated investment company (RIC) that receives qualified real estate investment trust (REIT) dividends will be able to report dividends the RIC pays to its shareholders as Sec. 199A dividends under final regulations issued by the IRS on Wednesday (T.D. 9899). Sec. 199A provides a deduction of up to 20% of income from a domestic […]
7 Best Car Loan in India 2020
Best Car Loan in India – In good old days car was considered as a luxuries item. However, today car has become necessity even for the middle-class families. Not having a car restricts you and your family in multiple ways in your social & professional life. Thanks to the car loan. Now you can fulfill […]
ETtech Top 5: Facebook-Jio deal gets CCI nod, US dependent visa holders stranded & more
WhatsApp just can’t catch a break. The Facebook-owned messaging app had launched its payment service in Brazil last week after struggling to get approval for a full-fledged rollout in its largest market India for two years, due to various regulatory concerns. However, it now seems to have run into trouble in its second-largest market as […]
Accounting Today accepting 2020 MP Elite submissions – Accounting Today
We are now accepting submissions for Accounting Today’s 2020 MP Elite report. To submit, please fill out all the questions at this link. All responses are due by Monday, July 13. The MP Elite report, which will be published in August, identifies and profiles approximately a dozen of the best leaders of public accounting firms […]
Facebook’s $5.7 billion investment in Jio Platforms gets CCI nod
Illustration: Rahul Awasthi Facebook‘s $5.7 billion investment in Jio Platforms has received a nod from the country’s antitrust watchdog, the Competition Commission of India (CCI). ET had reported earlier this month that Facebook had floated a new Delaware, US-incorporated entity called Jaadhu Holdings LLC, that is expected to acquire a minority 9.99% stake in Jio […]
You can’t undrop the bomb
Things are different now. They started to change in 2008, when Congress and the Federal Reserve threw unprecedented money at the economy to keep it from collapsing. They’ve done it again this year, with even more money. Trillions and trillions of dollars. It was a huge debate in 2008. It’s much less controversial today. My […]