Executive Summary Welcome to the February 2020 issue of the Latest News in Financial Advisor #FinTech – where we look at the big news, announcements, and underlying trends and developments that are emerging in the world of technology solutions for financial advisors and wealth management! This month’s edition kicks off with the big announcement that […]
Archives for 2020
Utilities stocks trump other havens as virus fears spread
NEW YORK (Reuters) – U.S. utilities stocks have outperformed other traditional havens in recent days, as worries over the spreading coronavirus epidemic sparked a rush to safety. The S&P 500 Utilities index is up about 3.2% since Jan. 21, when the first case of coronavirus was reported in the United States. The index has risen […]
Automating AP for firms and SMB clients: Three key steps – Accounting Today
For firms serving small businesses, success is largely defined by the ability to cut down unnecessary costs and allocate resources effectively. One of the easiest but often overlooked ways of doing so is through the automation of manual, tedious processes that clog up workloads and tie down resources. This is especially true when it comes […]
Preparing for the next self assessment season
You don’t need us to tell you that self assessment season is a busy time. It’s easy to work 10 hour days when clients show up with all their paperwork at the last minute – or don’t give it to you at all. To help you prepare for the next self assessment season, you need […]
How to Save Income Tax for Salaried & Professionals for FY 2019-20?
How to Save Income Tax – a question that is often asked by my friends, family and blog readers. The problem is there are multiple sections for people to know and if they have heard about it to check if its applicable to their case or not? To help both salaried and professionals to plan […]
Income Tax Slabs for FY 2020-21 (AY 2021-22)
Your income from salary, business or other income like income from fixed/recurring deposits etc are taxed as per income tax slabs. Budget 2020 presented on February 1, 2020 has made some changes in the tax slab. There would be two options: use existing tax slabs with all exemptions use new simplified tax structure but forgo all […]
Amazon, Flipkart may approach govt for clarification on Budget proposal
Amazon India and Flipkart are studying the Budget proposal on levy of one per cent TDS, and may reach out to the government for clarifications. “We are studying the details, and will reach out to the government for clarifications. We hope the tax regime is simple and uniform so that millions of small and medium […]
eDegrees may turn page for edutech
India’s push to award online degrees at top 100 educational institutes, could boost business of educational technology startups including Eruditus, Coursera and upGrad. Finance minister Nirmala Sitharaman, in her budget speech, said that in order to provide quality education to students of deprived section of the society as well as those who do not have […]
Payroll changes for 2020-21
The new payroll year begins on 6 April 2020 and employers should be aware of the changes they will need to make to pay rates. Every April the National Living Wage and National Minimum Wage are increased so employers will need to ensure that their employees are receiving at least the minimum hourly rate for […]
Income Tax Calculation FY 2020-21 – Which Tax Structure to Select?
How to do Income Tax Calculation for FY 2020-21? Which Tax Structure to Select? Here is answer of these questions! As per budget 2020, you cannot claim any tax deduction or exemption if you plan to opt new tax structure. So, as an individual tax payer if you opt for the new tax regime with […]