Microsoft on Thursday said it would adopt a set of 10 principles for running its app store for Windows devices that could lower the commissions it charges, aligning itself with practices promoted by a group of Apple critics. Microsoft and scores of other companies have criticized the iPhone maker’s app store practices, which require developers […]
Archives for October 2020
Delivery app Instacart raises $200 million at $17.7 billion valuation
Delivery startup Instacart on Thursday said it raised $200 million in its latest round, valuing the company at $17.7 billion as it cashes in on a surge in online shopping due to the COVID-19 pandemic. In June, Instacart raised $225 million, and the company was valued at $13.8 billion in that round. This latest round […]
Regulators warn advisers about SIPP property probe
The Financial Conduct Authority, the Financial Services Compensation Scheme and the Financial Ombudsman Service have warned Financial Planners to take action on any SIPP or SSAS investments in the German Property Group. The German Property Group (GPG), which traded as Dolphin Trust, Dolphin Capital and Red Rock, recently entered into preliminary bankruptcy proceedings in Germany […]
Treasury yields rose slightly as traders weigh prospects of new fiscal stimulus
U.S. government debt prices were lower on Friday as traders monitored prospects of new fiscal stimulus in the United States. At around 2 p.m. ET, the yield on the benchmark 10-year Treasury note rose 22 basis points to trade at 0.7687%, while the yield on the 30-year Treasury bond jumped 32 basis points to trade at 1.5710. Yields move inversely […]
Nykaa says new fashion category to top sales of Rs 500 crore
Fashion and beauty marketplace Nykaa said it expects the new fashion category to top sales of Rs 500 crore in FY 21. Under its multi-brand e-commerce label Nykaa Fashion, the brand has now forayed in the intimate wear category with its brand Nykd, ahead of the festive season. “The intimate wear category has been neglected […]
Green Bay on ‘verge of a crisis’ as virus overwhelms hospitals, Wisconsin doctor says
A hospital in northeast Wisconsin is considering pausing elective procedures as health officials grapple with rising coronavirus cases and a double-digit positivity rate. Dr. Paul Casey, who heads the emergency department for Bellin Health Systems in Green Bay, Wisconsin, told CNBC’s Shepard Smith on Thursday that hospital beds have been at or near capacity over […]
PharmEasy in investment talks with Naspers, TPG
Illustration: Rahul Awasthi South African technology and media conglomerate Naspers and US-based private equity firm TPG are in talks to invest up to $100 million each in Mumbai-based online pharmacyPharmEasy, three sources aware of the development said. The proposed investment is likely to be done at a pre-money valuation $1.2 billion, the sources told ET. […]
Charging for QuickBooks Online cleanup – fixed fee or by the hour?
One of the major discussion topics I see in my Facebook group (and all over the internet where bookkeepers hang out) is whether to charge a flat fee or by-the-hour for services. This is true for all kinds of accounting and bookkeeping services, but when it comes to QuickBooks clean up work, it’s a really […]
Supporting our staff and communities on World Mental Health Day
Tomorrow is World Mental Health Day. Last year on this day, I reflected on how Xero is supporting our staff and our communities. But it’s safe to say things feel a little different this year. The COVID-19 pandemic has not only had a devastating impact on the health and lives of millions of people around […]
Rules govern withholding on transfers of partnership interests and ECI
The IRS finalized regulations on the operation of Sec. 1446(f), which requires withholding on the transfer of a partnership interest described in Sec. 864(c)(8) (gain or loss of foreign persons from the sale or exchange of certain partnership interests) (T.D. 9926). Sec. 1446(f) was added to the Code by the law known as the Tax […]