ByteDance has frozen hiring and reassigned some senior management roles in India amid people leaving or looking to exit the Chinese company following the ban on its TikTok and Helo apps, according to multiple people familiar with the matter. Some are said to be worried about any stigma that might get attached to working for […]
Archives for August 2020
Big Saving Days net Flipkart Rs 2,600-2,700 crore in GMV
Illustration: Rahul Awasthi Flipkart posted Rs 2,600-2,700 crore in gross merchandise value (GMV) during its five-day Big Savings Days sale, as the fear of stepping out amid the pandemic led a wider set of first-time and dormant users to buy online, people aware of the matter said. This is the second such sale event organised […]
Influencer marketing has a big fake followers issue but that’s not the only problem
The influencer marketing industry is in the news again. This time courtesy of rapper-singer Badshah (Aditya Sisodia) who is being investigated by the police for allegedly paying money to get fake followers and likes to promote his music, as uncovered by the Mumbai Mirror, published by the Times Group. Fake followers and fake influencers — […]
Pandemic-related FAQs for health care entities
The coronavirus pandemic has created a great deal of uncertainty for health care entity financial statement preparers and their auditors. Paycheck Protection Program (PPP) funds and other forms of government assistance have provided both a lifeline and a source of strategic, operational, accounting, and other questions unlike anything these entities have encountered. Meanwhile, many of […]
AICPA encourages COVID-19 tax relief and issues new auditing standards
Along with more than 180 organizations, the AICPA signed a letter requesting Paycheck Protection Program (PPP) loan forgiveness-related expenses remain deductible. According to the letter, when the PPP was adopted as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, P.L. 116-136, Congress made clear that any loan forgiveness under the program would […]
The most cost effective ways to market your practice and attract new clients
When it comes to supporting accounting, bookkeeping, and small business professionals, one of the top-requested topics from our customers is how to better market a business or practice to attract new customers. When I have these conversations, I always encourage people to start small, understand what their growth goals are, and keep things simple. By […]
Changes to CJRS could present risks for employers if calculations are mistaken
Changes to the government’s Coronavirus Job Retention Scheme (CJRS) in August mean that grant employers will continue to pay 80 percent of employees’ salary up to a cap of £2,500 but now also pay national insurance and pension contributions. Karen Tasker, an audit partner at RSM, warns about the risks of miscalculating employees’ pension contributions. […]
Changes to CJRS could present risks for employers if calculations are mistaken
Changes to the government’s Coronavirus Job Retention Scheme (CJRS) in August mean that grant employers will continue to pay 80 percent of employees’ salary up to a cap of £2,500 but now also pay national insurance and pension contributions. Karen Tasker, an audit partner at RSM, warns about the risks of miscalculating employees’ pension contributions. […]
Indian users can now create virtual visiting cards on Google
Google on Tuesday launched a new feature which allows users in India to create ‘People Cards’, which are like virtual visiting cards, making it easier for them to build an online presence and discover others. The India-first feature, which has been in testing for a couple of years, will allow users to create a virtual […]
Judge blocks Uber, Lyft from classifying drivers as contractors in California
Illustration: Rahul Awasthi A California judge on Monday granted the state’s request for a preliminary injunction blocking Uber Technologies Inc and Lyft from classifying their drivers as independent contractors rather than employees. The ruling by Judge Ethan Schulman of San Francisco Superior Court is a defeat for the ride-hailing companies, as they defend against a […]