Few people while taking up a new job have the flexibility to work as an employee or independent consultant (also known as contractor or freelancer). If planned properly consultants have lower tax outgo for the same CTC (Cost to company). With Budget 2016 introducing presumptive taxation for some professionals like legal, medical accountancy, architect, IT […]
Archives for 2020
Swedish investor lowers Quikr valuation by 45%
Swedish investment firm Kinnevik has marked down the valuation of Quikr by 45% to about $570 million from more than $1 billion as of September 2019, the firm said in its annual earnings statement earlier this month. The fall in valuation comes as the Bengaluru-based online classifieds and transactions marketplace discovered fraud in its co-living […]
Bezos launches $10B fund to combat climate change
His company is often criticized for its environmental record, but Jeff Bezos, CEO of Amazon and the world’s richest man, said Monday that he was committing $10 billion to a new fund to tackle climate change. In a post to his 1.4 million followers on Instagram, the e-commerce tycoon said the Bezos Earth Fund would […]
Visa says OTP not needed for ‘routine’ transactions
Global card network provider Visa aims to phase out the twofactor authentication (2FA) process on routine card transactions during digital checkouts and replace the scrutiny layer with a riskbased prompt, where transactions deemed unusual or risky by banks would be vetted through a One Time Password (OTP) check. For this, Visa plans to hold discussions […]
Partner Pages 2020: Trying change on for size
By Niranjan Deshpande and Rajesh Rajpal, Directors at LPA Partners, Victoria and Nick Grieve, Director of Cloud Solutions at Perks, South Australia When your practice faces major change, the size of your team can influence your business decisions – and outcomes. Small firms can pivot faster, but larger enterprises have more resources to direct at the […]
Art of Accounting: Barry Melancon updated – Accounting Today
AICPA president and CEO Barry Melancon gave his annual update at the Accountants Club of America on Feb. 4. This was a can’t-miss program for me and likely for all of the other attendees at the sold-out breakfast. An excellent article by Michael Cohn appeared that day reporting on the presentation. However, my interest in […]
Trump administration is reportedly weighing limits to China’s access to chip technology
A worker at the photolithography section of a semiconductor plant of the Mikron Group in Zelenograd, Moscow. Anton Novoderezhkin | TASS | Getty Images The Trump administration is weighing trade restrictions on China that would limit the use of American chip-making equipment, The Wall Street Journal reported Monday. People familiar with the matter told the […]
Digital payments firms Paytm and PhonePe amp up marketing spends
Illustration: Rahul Awasthi Homegrown digital payment companies PhonePe and Paytm plan to spend a combined Rs 2,000 crore on marketing this year, as they look to increase awareness, credibility and promote products to a wider consumer audience, top executives at these firms said. While PhonePe has earmarked Rs 800 crore for marketing, Paytm plans to […]
Environmental activists stage protests at commodities groups in Geneva – police
ZURICH (Reuters) – Environmental activists staged protests at offices of commodities groups Cargill [CARG.UL], Vitol [VITOLV.UL] and Mercuria in Geneva on Monday, Swiss police said on Monday. About 50 activists were present for about 15 minutes at Cargill’s offices, but then left, a spokesman for Geneva cantonal police said. Sit-ins lasted for most of the […]
New evidence PFS members hit by huge PI increases
The Personal Finance Society says it has received new evidence that some of its 40,000 members are being hit with huge increases in Professional Indemnity premiums and facing restricted cover. The professional body says that rising insurance premiums and restricted cover are causing firms to “turn away clients” needing DB pension transfer advice. The PFS […]