The coronavirus pandemic tested the financial mettle of public companies, forcing even healthy ones to manage cash amid slumping sales, social-distancing expenditures, and disrupted supply chains. Financial officers deployed their full array of tools to navigate the crisis, conserving cash for survival, expanding credit lines as a precaution and, in some cases, building an arsenal […]
Archives for September 2020
Amazon Prime Day set for October 13 and 14 after coronavirus delayed original summer date
Men work at a distribution station in the 855,000-square-foot Amazon fulfillment center in Staten Island, New York. Johannes Eisele | AFP | Getty Images Amazon has finally set a date for this year’s Prime Day after months of coronavirus-related delays. Prime Day will once again run two days this year, with discounts kicking off at […]
Stronger and smarter: Responding to volatile demand
The posts in this series have been drawn from Xero’s Stronger and smarter: a small business handbook. Designed to help small businesses determine which steps to take next, this practical guide uncovers the 10 trends shaping the future – so you can come back stronger and smarter than ever. Responding to fluctuating buying patterns all […]
Accountants favor Trump in election by large margin – Accounting Today
Accountants favor Donald Trump in the upcoming presidential election by a large margin, arccording to a recent survey — and regardless of who they’re voting for, they expect the state of the country and the economy to improve significantly after Nov. 3. In a survey of over 400 accountants from across the country conducted by […]
Maharashtra blocks nearly 5,000 online posts in six months
Representative image If the lockdown fuelled hate speech on social media, the state cyber police was not far behind in shutting it down. Cyber police have blocked at least 4,617 posts on platforms including WhatsApp and Facebook since fake news began flooding the internet following restrictions announced in March-end. In all, 644 cases have been […]
Reliance Retail is set to wage an online price war against its rivals, as festive season nears
Illustration: Rahul Awasthi Reliance Retail is set to kick off an online price war this festive season as ecommerce unit JioMart forays into fashion, smartphones and consumer electronics, expanding its presence beyond grocery, said people with knowledge of the matter. Pricing will be lower than Amazon and Walmart-owned Flipkart in most cases, they said. The […]
The Job Support Scheme from 1 November 2020
The Chancellor has announced new support for employers from 1st November after the current Job Retention Scheme ends on 31st October. Yet another challenge for payroll providers just when we thought we might get a couple of months breather before the Job Retention Bonus after the end of January and the end of the tax […]
Paytm Mall FY20 losses down 60% to Rs 479 crore
Illustration: Rahul Awasthi Paytm’s ecommerce arm, Paytm Mall, has cut its losses by 60% to Rs 479 crore in FY20 even as the company posted a 30% decline in revenue. The financials are largely in line with the forecasts made by the firm where it had committed to reduce its cash burn by a third, […]
Chinese investment proposals in limbo
Illustration: Rahul Awasthi Over a hundred of investment applications, primarily from Chinese origin investors looking to pump capital into the Indian startup ecosystem, are stuck in regulatory quagmire, according to multiple people in the know. These proposals, ranging from early to growthstage investments, are on hold or are being moved between various departments and ministries […]
Social Security Payroll Tax Holiday
Have you heard of this year’s payroll tax holiday? Maybe as an employer, you have heard of it, but aren’t sure the best way to proceed. Allow me to outline what it is, and why you should be talking with your accounting professional about it. What is the Social Security Payroll Tax Holiday? In late […]