Accounting for employee share-based compensation could become less complex for private companies after FASB on Wednesday endorsed the decision by the Private Company Council (PCC) to propose a practical expedient for nonpublic entities. Share-based payment accounting has been discussed by the PCC on several occasions since 2013 because of two concerns: The permitted methods for […]
Archives for February 2020
IRS proposes rules to update income tax withholding, revises Form W-4
The IRS proposed new regulations (REG-132741-17) for withholding on individuals’ wages to reflect the statutory changes in the law known as the Tax Cuts and Jobs Act, P.L. 115-97, including the elimination of the personal exemption. The proposed rules and the new Form W-4, Employee’s Withholding Certificate (formerly titled Employee’s Withholding Allowance Certificate) no longer […]
SoftBank profit wiped out by Vision Fund losses, second fund scaled back
Quarterly profit at SoftBank Group Corp was almost wiped out as the Japanese technology giant was hit for a second straight quarter by losses at its $100 billion Vision Fund. Wednesday’s dismal results could further dampen investor enthusiasm for founder Masayoshi Son‘s big bets on untested start-ups. While Son told a news conference SoftBank had […]
Facebook’s WhatsApp hits 2 billion user milestone
Facebook-owned WhatsApp is being censored in China as the Communist Party congress gets underway. Jaap Arriens | NurPhoto | Getty Images Facebook’s WhatsApp now has more than 2 billion users, CEO Will Cathcart told The Wall Street Journal in an interview published Wednesday, revealing its user numbers for the first time in two years. The […]
What’s going to stop the 5G rollout?
Although 5G has many potential benefits, there are some barriers that will inhibit these services, particularly outside the private settings on a public network. High set-up costs To provide 5G services, of course, you need a network, says Pod Group’s Alistair Elliott. Unless an operator has deep pockets and they’re happy to wait for customers […]
FBI: $3.5B Lost in 2019 to Known Cyberscams, Ransomware
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CCI doesn’t have prima facie proof, Amazon tells HC
Illustration: Rahul Awasthi Amazon on Wednesday argued in front of a Karnataka High Court Judge that the Competition Commission of India (CCI), which is currently probing the company and its chief rival Flipkart over alleged business malpractices, did not have prima facie evidence to order the investigation into it. The company said that the CCI […]
CCI ordered probe with no evidence: Amazon tells Karnataka High Court
Illustration: Rahul Awasthi Amazon on Wednesday argued in front of a Karnataka High Court Judge that the Competition Commission of India (CCI), which is currently probing the company and its chief rival Flipkart over alleged business malpractices, did not have prima facie evidence to order the investigation into it. The company said that the CCI […]
IT Salary Report 2020: Get Paid What You Are Worth
IT pros must do real research about their value in the market if they want to be paid fairly. InformationWeek’s 2020 IT Salary Report can help technologists get started. It’s a good time to be an IT pro. The economy is strong. Unemployment is low. Plus, IT is not just a business cost center anymore. […]
Trai urges govt to bring out detailed policy framework for digital radio broadcasting
Trai on Wednesday urged the government to come out with a detailed policy framework for digital radio broadcasting, an area where the regulator had already given its recommendations, and said it is willing to offer further policy inputs on the issue, if needed. The policy on digital radio broadcasting should also be supplemented by a […]