October 7, 2020 4 min read Opinions expressed by Entrepreneur contributors are their own. According to the 2019 Onpay Small Business Finance and HR Report, just 30 percent of small business owners work with accountants. That’s not surprising, given how much each dollar counts to a small company. Doing the accounting yourself certainly saves some […]
Archives for 2020
Coordinating Social Security Couples’ Benefits For The Self-Employed: The False Promise Of Salary-Splitting
Executive Summary For many financial advisors, Social Security retirement benefits are often an integral part of their clients’ retirement strategies to provide income. However, married couples not only have their own retirement benefits that are calculated based on each person’s individual’s work history (assuming they have the requisite 40 quarter-credits of earnings) available to them, […]
UK Finance appoints new CEO
Trade body UK Finance, which represents 250 banks and finance firms, has appointed David Postings as its new chief executive. He will become UK Finance CEO in January, taking over from Bob Wigley who will continue as executive chair of UK Finance until Mr Postings takes up his role. Mr Postings was UK chief executive […]
12 accusations in the damning House report on Amazon, Apple, Facebook and Google
House lawmakers released a scathing report on four of the world’s largest tech companies, accusing them of abusing their market power. The report, which was released on Tuesday and concludes a 16-month investigation into Amazon, Apple, Facebook and Google, recommended breaking up the companies and passing the most sweeping changes to antitrust laws in decades. […]
COVID-19 Business Update – 7 October 2020
Welcome back to our Weekly Digest. We hope you and your family are safe and doing well. Read on for this week’s update. Federal Budget 2020 Released The Federal Budget was released earlier this week. Here’s a quick rundown of the key points: This budget is based on economic assumptions including that there will be […]
What it was like inside this year’s Federal Budget Lockup
Each year in Australia’s capital, an event takes place that’s shrouded in great secrecy: the Federal Budget Lockup. In a unique privilege, Xero was invited to Old Parliament House to gain an understanding of how Budget 2020/21 will affect its customers. As Small Business Advocate (and one of Xero’s resident Canberrans), I was lucky enough […]
How Big Tech companies gain and maintain dominance
Democrats from a U.S. House of Representatives subcommittee issued a report on Tuesday detailing tactics it said four of the biggest technology companies used to gain dominant positioning in online search, advertising, social networking shopping and other businesses. Here are notable findings. Amazon The issue: Amazon sells its own products as well as goods from […]
CCI goes to SC against Karnataka HC stay on Amazon, Flipkart probe
The Competition Commission of India (CCI) has filed an appeal at the Supreme Court against the Karnataka high court order earlier this year, which granted an interim stay on the regulator’s probe on Flipkart and Amazon India. The antitrust body filed a special leave petition at the apex court last month, according to listings at […]
Limited data sharing in Jio deal: Facebook to CCI
Facebook assured the Competition Commission of India (CCI) that its investment in Jio Platforms will only involve exchange of “limited data” related to facilitating ecommerce transactions, according to the regulator’s order made public on Tuesday. CCI, however, warned both sides that anti-competitive conduct resulting from data sharing in the future could be taken up by […]
Amazon bullies partners and vendors, says antitrust subcommittee
Jeff Bezos, founder and CEO of Amazon, pictured on Oct. 2, 2019. Elif Ozturk | Anadolu Agency | Getty Images Amazon has “significant and durable market power” in the U.S. online retail market, with a far higher market share than was previously estimated, the House Judiciary antitrust subcommittee’s Democratic leadership found in a sweeping 400-plus […]