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 […]
Archives for 2020
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 […]
World Mental Health Day: Invest in yourself and your team
World Mental Health Day is an opportunity for us to reflect on ourselves, our colleagues and open up the conversation around mental health. Here at Xero, it’s part of our culture to support each other. We have a collective responsibility and this is our opportunity to step up – not to solve the problem, but […]
OCC fines Morgan Stanley $60 million for 2016 data breach
WASHINGTON — Morgan Stanley was slapped with a $60 million fine by regulators Thursday for risk management problems tied to a 2016 data breach. The consent order by the Comptroller of the Currency cited failures at both Morgan Stanley Bank NA and Morgan Stanley Private Bank NA related to the shutdown of two wealth management […]
Biden win could open the door for Reg BI revamp
The future of advice regulation could be on the ballot as the presidential election heads into the final stretch, according to fiduciary advocates and industry groups. To be sure, neither President Donald Trump nor former Vice President Joe Biden is campaigning on how their SEC or Department of Labor would regulate investment advisors and brokers, […]
Restaurant Bookkeeping For A Multi-Location Restaurant Group
Restaurant bookkeeping for a restaurant group that has multiple locations can be tricky. With several restaurant locations you have quite a bit going on. You have invoices and bills to deal with as well as credit card and cash deposits for each location.