Intuit Practice Management, which is powered by Karbon, is now available across all Intuit Accountants products with the addition of ProSeries. Tax professionals using ProConnect Tax Online, Lacerte and ProSeries can now access Practice Management to help centralize contacts, automate tasks, and collaborate in real-time.This year has been complex for tax preparers who have had […]
Archives for September 2020
TQAs discuss nongovernmental health care entities’ pandemic-related issues
Nongovernmental health care entities’ accounting for coronavirus pandemic-related governmental assistance is addressed in Technical Questions and Answers issued by the AICPA on Wednesday. TQAs 6400.63–.70 were developed by the AICPA Health Care Expert Panel and provide background and nonauthoritative accounting information for nongovernmental health care entities, which include business entities and not-for-profits. Information is provided […]
How dare you, sir!
Here’s a key difference between Reddit and Twitter – the deleted Reddit threads remain standing. They’re like an empty corn husk with the cob removed. 91% upvoted. Then Zoom earned more money during the April quarter than they did during the entirety of the prior year. Then this happened: If investing were as easy as […]
Buyers and Sellers
How can you possibly understand the market without looking at the charts? How can you possibly gauge the activity and appetites of the buyers and sellers – the price setters – if you don’t study price itself? Of course you can’t. The only real question is concerning what time frames to pay attention to when […]
India bans 118 more Chinese apps including PUBG
The Ministry of Electronics and Information Technology on Wednesday issued orders to ban 118 more Chinese apps after banning 59 apps in the first round. The apps outlawed in the latest list include popular mobile gaming app PUBG, and other apps from the stable of Baidu, Tencent and Xiaomi. ET reported in July that the […]
Amazon woos consumers with insurance & gold products. Makes India centre of fintech push
Amazon has added insurance and even gold to its menu of financial services in India, to expand its customer base and attract more subscribers to its Prime loyalty programme in a battleground growth market. The push ramps up competition as financial technology (fintech) rivals and their deep-pocketed foreign backers struggle for profitability in a predominantly […]
Isolating IRA Basis For More Tax Efficient Roth IRA Conversions
Executive Summary The Roth IRA was first introduced in 1997 and has since been a popular tax planning tool for financial advisors and their clients. As while Roth IRA accounts generate tax-free growth and income from retirement savings, making Roth IRA contributions is most beneficial when a client is in a relatively low marginal tax […]
SoftBank leads $150M funding in Unacademy, valuation jumps to $1.5 billion
Illustration: Rahul Awasthi Unacademy will receive $150 million in a fresh funding round led by Japan’s SoftBank Vision Fund, the Bengaluru-based education technology company said on Wednesday. The capital infusion, which has yet to hit the bank, will push the firm’s valuation to $1.45 billion, the company said, second only to industry leader Byju’s and […]
Setback for Netflix, SC refuses to entertain plea in ‘Bad Boy Billionaires’ case
In a setback for Netflix, the Supreme Court on Wednesday refused to entertain its writ petition challenging a Bihar Court order which last month restrained it from using Subrata Roy’s name in its upcoming web series “Bad Boy Billionaires”. The series was slated for release on Wednesday at 12 noon. However, owing to two Courts- […]
IWP expands with acquisition north of the border
Expanding Financial Planner and wealth manager Independent Wealth Planners (IWP) has acquired Scottish Financial Planning firm Gilmour Hamilton Wealth Management in a move to extend its presence north of the border. Gilmour Hamilton Wealth Management is based in Kilmarnock and has been in business for over 30 years. The company will join IWP’s regional hub […]