With time running out for eligible entities to apply for Paycheck Protection Program (PPP) loans, the U.S. Small Business Administration announced Friday that it has revived its Lender Match online tool to help underserved and disadvantaged small businesses connect with PPP lenders. In a news release, the SBA described Lender Match as an additional resource […]
Archives for June 2020
Heading off Paycheck Protection Program fraud
As the federal government distributes $659 billion in forgivable loans to small businesses as part of the Paycheck Protection Program (PPP), it’s important that forensic accountants know the risks involved with the new program, how to spot criminals who are trying to take money illegally, and how to mitigate potential fraud, according to a recent […]
Guidance on how to take CARES Act distributions from qualified plans
The IRS explained on Friday how qualified individuals can take coronavirus-related loans and distributions from eligible retirement plans (Notice 2020-50). Qualified individuals receive favorable tax treatment for those distributions under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, P.L. 116-136. Distributions: A coronavirus-related distribution is not subject to the Sec. 72(t) 10% additional tax […]
Podcast: How to help clients make good decisions in times of transition
The emotions underlying decisions can create confusion in times of major transition like the pandemic. In this podcast, you will walk away with gems to help you have better conversations with your clients that lead to action with purpose. Tune in as Lyle Benson interviews life transition expert Susan Bradley: What are the four stages […]
Outfits with Covid-19 messages are all the rage among shoppers
Illustration: Rahul Awasthi Shoppers are looking at new and affordable themes for daily wear, and work-at-home outfits as the Covid-19 pandemic makes them stay put at homes. Fashion brands and online marketplaces say clothing focused on safety and hygiene, work-from-home fashion and TV show-themed apparel have resonated with youngsters. Covid-19 related messages on T-shirts like […]
ETtech Top 5: Ecommerce firms may display product origin, Nykaa’s online sales, Season Two Ventures’ new bets & more
Happy Friday! India may soon make it mandatory for e-commerce marketplaces like Amazon and Flipkart to display the origin of the product sold on their platforms. Social media users have been calling for a boycott of Chinese goods after 20 Indian soldiers were killed in a border skirmish earlier this week. Wearing origin on sleeve […]
Early-stage fund Season Two Ventures backs five new startups in India
Illustration: Rahul Awasthi Season Two Ventures, founded by former UST Global’s CEO Sajan Pillai, has made five fresh investments in the country, at a time when most investors have slowed down deal activity hurt by the Covid-19 pandemic. The B2B-focused $100 million early-stage fund has backed digital payments startup Uvik Technologies, air quality intelligence startup […]
E-commerce products to wear their origin on their sleeve
India may soon make it compulsory for ecommerce companies to display clearly whether a product being sold on their platform is made in the country or not, as the government seeks to curb Chinese imports. The clause is likely to be a part of the ecommerce policy that the commerce and industry ministry is drafting. […]
See you in office next year, top SaaS firms tell employees
With no flattening of the curve in sight, companies that offer software as a service (SaaS) — including Freshworks and Chargebee — are asking employees to work from home (WFH) till December. Zoho has also asked its employees to be in WFH mode till the pandemic subsides, without fixing a date of return to office. […]
Myntra hires 5,000 people for sale season
Myntra, an online fashion and lifestyle store owned by Flipkart, has hired 5,000 employees across its supply chain and customer care departments as it kicks off the 12th edition of its ‘End of Reason Sale’ from June 19 to June 22. This will be the first time some of Myntra’s employees will work from home […]