As per new provision made in budget 2021 EPF interest amount beyond 2.5 Lakh is taxable. If you are contributing higher amount in EPF you will be affected by the new provision. Let’s discuss this new income tax provision and its impact. EPF Interest taxable beyond 2.5 Lakh Presently, any amount received by an employee […]
Archives for February 2021
Palihapitiya-backed Clover Health shares fall on critical report by short seller Hindenburg Research
Source: Clover Health Shares of Clover Health fell more than 8% on Thursday following a critical report from short seller Hindenburg Research claiming the company is under an active investigation by the Department of Justice that it has not disclosed to investors. CNBC has not independently verified the claims. Clover declined to comment, but said […]
10 Types of Business Budgets to Keep Track of Your Company’s Cash
Your small business budget is an important tool for your company. It guides your spending habits throughout the year, helps you avoid overspending, and helps you make important financial decisions. But, budgets aren’t one-size-fits-all. Every business’s budget looks a little different. And, there are a number of different types of business budgets to keep on […]
Talking stocks LIVE with Professor Scott Galloway tonight
📝 @profgalloway may be a professor, but join us on Feb. 4 to watch @reformedbroker put his stock portfolio to the test. https://t.co/5e1YsZXtSS pic.twitter.com/uP8uJgPgBT — Public.com (@public) January 14, 2021 The folks at Public.com are hosting Professor Scott Galloway and I for a chat about his stockholdings. It’s going to be a lot of fun, […]
New approach to quality management proposed by ASB
A new approach to quality management was ushered in Thursday by the AICPA Auditing Standards Board (ASB), which issued an exposure draft of three interrelated proposed standards. The proposed standards are designed to bring important changes to the way firms will manage quality in their accounting and auditing practices. The standards the ASB is proposing: […]
Using IoT to boost industries and support the wider economy
With the UK going into its first financial recession since 2009 as a consequence of COVID-19, many businesses are struggling to stay alive in the current business climate. Without the right technology and continuity processes in place, organisations were unable to adapt their models quickly enough to survive when they needed to. Now it’s a […]
Bank of England maintains rate at 0.1%
The Bank of England’s Monetary Policy Committee has held interest rates at 0.1%. No members of the MPC voted to move to negative interest rates despite several expressing their attraction to the policy. There had been speculation since the start of the latest lockdown in England that the Bank could turn to negative interest rates […]
AICPA raises PPP concerns with SBA
The AICPA sent a letter Wednesday urging the US Small Business Administration (SBA) to address problems small businesses are encountering when trying to apply for Paycheck Protection Program (PPP) forgivable loans. The letter, which is signed by AICPA President and CEO Barry Melancon, CPA, CGMA, refers to “a number of very significant operational changes to […]
Why it’s romantic to talk about money
For relationships to work, couples need to be willing to discuss their finances. Fortunately, 81% of Americans who live with a partner or spouse said they’re “very” or at least “somewhat” comfortable having conversations about money, according to a new survey from the AICPA, which also shows avoiding the topic can have negative consequences. The […]
Connected Accounting Startup Lockstep Closes $10 Million Series A – AiThority
Connected Accounting Startup Lockstep Closes $10 Million Series A We store cookies on your computer to improve your experience and provide more personalized services, both on this website and on other sites. For more information about the cookies we use, see our Privacy Policy. We won’t track your information when you visit our site. We […]