Executive Summary When purchasing a product or service, it’s only natural to want to know what it will cost. But in the context of paying for professional services in particular, “what you pay” isn’t only a matter of measuring the value (relative to what you get), but also of understanding the incentives of the person […]
Archives for July 2020
Accountants initiate corporate finance discussion as VAT holiday ends
The VAT holiday period announced by HMRC in March ended today. Businesses will have until March 31, 2021 to pay their VAT bill deferred between March 20 and June 30 this year. As a result, accountants are now advising clients on how to prepare ahead of paying their VAT bill next year – particularly those […]
Delhi HC seeks govt’s stand on ‘Country of Origin’ tag
The Delhi High Court has issued notices to the Centre as well as a handful of e-commerce websites on a plea seeking directions to the online players to display the ‘country of origin’ of products sold on their platforms. A division bench of Chief Justice DN Patel and Justice Hari Shankar issued notices to the […]
BookMyShow starts online platform for live events
Parikshit Dar, co-founder & director, BookMyShow As the once burgeoning live events industry has come down to a shuddering halt due to Covid-19 outbreak, BookMyShow (BMS), India’s leading out-of-home entertainment and ticketing company, has developed its own video streaming platform exclusively for live events. Named BookMyShow Online, the platform will offer paid and free performances […]
Club Factory sellers, users worry about dues, refunds
Indian sellers and consumers are concerned over their payments and refunds owing to the ban of 59 Chinese apps, including e-commerce platform Club Factory. The Chinese e-commerce platform is popular for cheaper goods across the fashion, lifestyle and electronic segments coming from China. While the company has been facing government scrutiny over its various trade […]
Top-level government panel to probe data practices of Chinese apps
Representatives from the 59 Chinese apps banned by India on Monday can appear before a government-constituted committee within 48 hours of the announcement to prove that the data of Indian users is not being sent to servers in China, top officials told ET. The committee, which is likely to meet on Wednesday, will conduct a […]
Beyond Meat enters grocery stores in mainland China through Alibaba partnership
Beyond Meat “Beyond Burger” patties made from plant-based substitutes for meat products sit on a shelf for sale on November 15, 2019 in New York City. Angela Weiss | AFP | Getty Images Beyond Meat announced Tuesday that Alibaba’s Freshippo grocery stores would start selling its meatless burger patties, marking its entry into supermarkets in […]
DoT orders telcos, ISPs to block 59 Chinese apps with immediate effect
The Department of Telecommunications has ordered internet service providers and telcos to immediately block access to 59 Chinese apps including TikTok, SHAREit and WeChat. The names of the apps were issued in two lists. “Ministry of electronics and IT has issued directions for blocking of 35 apps,” DoT said in an order late Tuesday, which […]
TikTok ban will force advertisers to re-allocate funds to platforms like Instagram, YouTube
The ban on several Chinese apps, including popular short-form video app TikTok, has caught the media industry, advertisers, marketers and content creators by surprise, and forced many companies running campaigns on these platforms to look for alternative digital avenues. Media agency experts, though, said the government decision on Monday to ban 59 Chinese apps will […]
Celebrating Australia’s unsung heroes at tax time
As the financial year comes to a close, we thought it was important to celebrate our community of accountants and bookkeepers – who have undoubtedly had one of the toughest year-ends on record – with something a little different. So, we’ve released a music track to honour the industry’s monumental efforts in support of the […]