The IRS finalized guidance for consolidated groups on the treatment of net operating losses (NOLs) after recent statutory changes (T.D. 9927). The final regulations adopted proposed regulations issued in July (REG-125716-18), except for Prop. Regs. Secs. 1.1502-21(b)(3)(ii)(C) and (D), with a few clarifications in response to comments. In the preamble, the IRS said it intended […]
Archives for October 2020
Mental accounting is impacting sustainable behavior – Science Daily
Mental accounting is a concept that describes the mental processes we employ to organise our resource use. Human beings tend to create separate mental budget compartments where specific acts of consumption and payments are linked. This mechanism can be counter-productive when it comes to energy consumption and can have a negative impact on attempts to […]
Trump brings tax return case to Supreme Court again after losses in lower courts
President Donald Trump answers questions from the news media in the Oval Office of the White House in Washington, September 11, 2019. Leah Millis | Reuters President Donald Trump asked the Supreme Court on Tuesday to block lower court decisions that would give the Manhattan District Attorney’s office access to years of his income tax […]
Accounting and financial controllers steer the ship – Accounting Today
Accounting and financial controllers are some of the hardest-working executives in an organization, but unfortunately they are often overlooked. There are more than 250,000 controllers in the United States, and 810,000 worldwide, yet CFOs and the C suite seem to get all the media attention. Around the world, companies and organizations turn to their controllers […]
Accounting and financial controllers steer the ship – Accounting Today
Accounting and financial controllers are some of the hardest-working executives in an organization, but unfortunately they are often overlooked. There are more than 250,000 controllers in the United States, and 810,000 worldwide, yet CFOs and the C suite seem to get all the media attention. Around the world, companies and organizations turn to their controllers […]
Amazon Prime Day kicks off. Four reasons the online retail trade can keep climbing
Amazon Prime Day has arrived. Amazon’s bargain-focused two-day shopping holiday on Tuesday and Wednesday highlighted consumers’ shift to buying online in a difficult year for brick-and-mortar retailers. The stock is up almost 89% year to date, driving online retail-based exchange-traded funds that hold the name. The three ETFs with the most Amazon exposure on the […]
RIA Leaders 2020: Top 15 firms by number of advisors
Most of the largest fee-only RIAs would likely qualify as small businesses. At least terms in staffing. Just three RIAs out of 2,225 nationwide considered for the 2020 RIA Leaders ranking have more than 100 advisors. The listing of the top 15 by the number of investment adviser representatives includes one firm from Manhattan, Kansas, […]
Video-based customer KYC NPS Account Opening & Withdrawal
NPS account can be open and money can be withdrawn with video-based customer KYC. PFRDA – Pension fund regulatory development authority has launched a video-based KYC facility in Oct 2020. PFRDA always works on the initiatives which are subscriber friendly. Before video-based customer KYC, PFRDA has already introduced various other facilities such as eSign/OTP, Offline […]
Walt Disney restructures entertainment businesses to focus on streaming
Walt Disney said on Monday it had restructured its media and entertainment businesses to accelerate growth of Disney+ and other streaming services as consumers increasingly gravitate to digital viewing. Under the reorganization, Disney will separate the development and production of programming from distribution to be more responsive to consumer demands. The move came days after […]
What Is Gross Receipts Tax, and Which States Impose It?
Depending on your business’s location, you may need to pay or remit certain state-specific taxes. One type of state tax your business should be aware of is gross receipts tax (GRT). Read on to learn about gross receipts tax and whether or not you’re responsible for remitting it to your state. What is a gross […]