Your customers are your business’s top priority. But do your practices back that up? When it comes to things like customers’ rights, there’s no room for errors. Understand consumer protection laws to stay compliant. Consumer protection laws There are a number of consumer laws aimed at protecting customers from unfair practices. Consumer acts prevent businesses […]
SBA, Treasury release names of some PPP recipients
The U.S. Small Business Administration (SBA) and Treasury released Monday the names of all organizations that received Paycheck Protection Program (PPP) forgivable loans of $150,000 or more. The SBA and Treasury also published data for recipients of PPP loans less than $150,000 but did not reveal the names and addresses of those businesses. The data […]
The Importance of Accounting Comparability – CFO Magazine
Accounting standard setters and regulators seek greater comparability in financial reporting. In fact, U.S. GAAP has been significantly evolving over the years, but accounting standards are inherently complex. And, the recent changes in U.S. GAAP actually introduced new analytical challenges for investors. The existing standards provide accounting chiefs with alternative choices (e.g., inventory cost-flow assumptions, […]
Nellen to ENGAGE CPAs in untangling CARES Act quandaries
The global pandemic has offered many lessons in impermanence, including how parts of the tax reform legislation that seemed monumental upon its passage two and a half years ago have been temporarily rolled back to provide badly needed relief. To help CPAs manage the resulting fluctuations for their tax clients, longtime tax educator and immediate […]
Best NRE Fixed Deposit Interest Rates for NRIs – July 2020
NRE Fixed Deposit or Non-Resident External FD is one of the popular ard one of the best investments for NRIs/PIOs/OCIs because of two reasons: The interest rate is on the higher side as compared to their country of residence and the interest earned on NRE FD is tax free in India This post compares the […]
UK Accounting Watchdog Asks Big Four to Ring-Fence Audit Practices – Insurance Journal
Article 0 Comments The UK dominant accounting firms must separate their audit units from other businesses by June 2024 as the country’s accounting watchdog reacts to shortcomings that led to the collapse of several companies. The Financial Reporting Council is asking the so-called Big Four — KPMG, Deloitte, PricewaterhouseCoopers LLC and Ernst & Young — […]
Were Your 2019 Taxes a Mess? Track Your 2020 Expenses Seamlessly with This Handy App.
This is an essential tool for small-business owners and the self-employed. Free Book Preview Tax and Legal Playbook Get game-changing solutions to your small business questions. July 4, 2020 2 min read Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may […]
Stamp Duty on Mutual Funds – What it means for you?
Starting July 1, 2020 Stamp duty would be levied on various transactions in Mutual Funds. This post explains the impact of stamp duty on mutual funds on your investments. What is the rule on Stamp Duty on Mutual Funds? Stamp duty would be levied on purchase and transfer of mutual fund effective July 1, 2020. […]
Tennessee hires accounting firm to help with $7B COVID funds – Madison.com
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Only 4% of fraud is caught by outside auditors. It’s time for accounting to change its approach – Fortune
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