As you set out for Ithakahope the voyage is a long one,full of adventure, full of discovery.Laistrygonians and Cyclops,angry Poseidon—don’t be afraid of them:you’ll never find things like that on your wayas long as you keep your thoughts raised high,as long as a rare excitementstirs your spirit and your body.Laistrygonians and Cyclops,wild Poseidon—you won’t encounter […]
Archives for 2020
Google to end "Double Irish, Dutch sandwich" tax scheme
Google parent Alphabet will no longer use an intellectual property licensing scheme, known as the “Double Irish, Dutch sandwich“, which allowed it to delay paying U.S. taxes, 2018 tax filings show. A Google spokesman on Tuesday confirmed it would scrap the licensing structure, saying this was in line with international rules and followed changes to […]
Route Mobile gets Sebi nod for IPO
Cloud communication platform provider Route Mobile has received market regulator Securities and Exchange Board of India’s (Sebi) nod to raise an estimated Rs 600 crore through the Initial Public Offering (IPO) route, markets sources said. The company had earlier received Sebi nod for the IPO in 2018 as well, which had expired. The offer comprises […]
Helping Affluent Clients Develop A Money Mission Statement To Facilitate Generational Wealth Transfer
Executive Summary Over the years, study after study has shown wealthy families are often worried about passing along their wealth to children, and the risk that those children may end out being “spoiled”, overly concerned about material things, and generally naïve about the value of money. Which is understandable given the extensive research into the […]
How Can the Accounting Profession Attract a Diverse Generation Z? – The CPA Journal
Generation Z is beginning to enter the workforce, bringing with it a demographic shift that will affect every facet of American society, including the accounting profession. Attracting and retaining these diverse young workers thus represents the next great challenge for firms. The authors discuss the intersection of diversity efforts with outreach to Generation Z, present […]
Beware of the smart device: Ways to stay private and safe
Did someone invite a spy into your home over the holidays? Maybe so, if a friend or family member gave you a voice-controlled speaker or some other smart device. It’s easy to forget, but everything from internet-connected speakers with voice assistants such as Amazon’s Alexa to television sets with built-in Netflix can be always listening […]
Cost Inflation Index for FY 2019-20 is 289
Budget 2017 has changed the base year for cost inflation index (CII) for calculating capital gains from 1981-82 to 2001-02. This would in most cases be beneficial for tax payers. The CII for base year 2001-02 is taken as 100 and CII of FY 2019-20 is 289. Download: Excel based Calculator for Capital Gains Tax […]
From Feb 1, Rs 5,000 fine if firms don’t offer digital payment facilities
Businesses with turnover of Rs 50 crore and above that do not provide digital payment facilities to their customers will be fined Rs 5,000 per day from February 2019, according to a government notification. In a circular issued on Tuesday, the Central Board of Direct Taxes (CBDT) said that with effect from January 1, 2020, […]