According to the SEC, Manitex—a manufacturer and distributor of cranes, forklifts, and heavy equipment—improperly accounted for and misled its outside auditor about nonexistent inventory. The agency’s order describes two schemes perpetrated by Andrew Rooke, Manitex’s former chief operating officer, and Stephen Harrison, the former general manager of a Manitex subsidiary. In the first scheme, beginning […]
Archives for September 2020
August home sales CRUSH expectations
Just a few minutes ago, we got a pending home sales number for the month of August that absolutely crushed the expectations. Pending home sales rose 8.8% in August compared with July, reaching a record high pace, according to the National Association of Realtors survey, which dates back to January 2001. Sales were 24.2% higher […]
Boomer’s Blueprint: Taking CAS to a higher level – Accounting Today
Accountants spend too much time in meetings discussing the definition, pricing, niche markets and service requirements associated with client accounting services. Now is the time for action and a change in mindset where the focus is on automation and adding value. CAS ranges from payroll and after-the-fact data entry to full-blown outsourced CFO services, including […]
Google sends notices to Swiggy, Zomato for ‘violation’ of Play Store guidelines
Food delivery apps Swiggy and Zomato have received notices from Google stating that the in-app gamification feature used by both platforms violate its Play Storeguidelines, multiple sources told ET. Zomato confirmed the development to ET and termed the notice “unfair”. “We are a small company and have already realigned our business strategy to comply with […]
The Biden Tax Plan: Proposed Changes And Year-End Planning Opportunities
Executive Summary When President Donald Trump oversaw the passing of the Tax Cuts and Jobs Act (TCJA) in 2017, substantive tax reforms were made with the intention of promoting economic growth that affected corporations, small businesses, and individuals. With the upcoming election in November, though, former Vice President and Democratic presidential nominee Joe Biden has […]
Who made Bappi Da sing love ballads for credit cards?
Source: YouTube/Cred On Monday, financial services startup Cred was trending on Twitter for its IPL ad campaign which, based on social media chatter, seems to have emerged as one of the most-loved TV commercials of the ongoing IPL ad season. Cred is also the official partner of the T20 cricket league this year. Featuring actors […]
China preparing an antitrust investigation into Google: Sources
China is preparing to launch an antitrust probe into Alphabet‘s Google, looking into allegations it has leveraged the dominance of its Android mobile operating system to stifle competition, two people familiar with the matter said. The case was proposed by telecommunications equipment giant Huawei last year and has been submitted by the country’s top market […]
AFH reports drop in wealth business
The fast growing Financial Planning-focused wealth manager AFH has reported a drop in business following the Coronavirus lockdown, according to a trading statement out today. The Midlands-based company, which has acquired dozens of IFA firms over the past few years, said that with the introduction of Covid-19 restrictions in March its wealth management business “fell […]
Anthony Scaramucci says first presidential debate was an ’embarrassment’ to the U.S.
SINGAPORE — The first debate between U.S. President Donald Trump and Democratic presidential nominee Joe Biden was an “embarrassment” to the country, said Anthony Scaramucci, a hedge fund investor who briefly served as Trump’s White House communications chief. During the 90-minute debate on Tuesday night, the candidates constantly interrupted each other and the moderator, Fox News’ […]
Artificial intelligence plays a major role in the IoT
Businesses across the globe are leveraging the use of the Internet of Things (IoT) in various industries to create new and optimised business opportunities. To take the complete advantage of the IoT, says Harnil Oza, CEO of Hyperlink InfoSystem, it has been coupled with artificial intelligence (AI) technologies that help businesses arrive at sensible decisions without any […]