The disruption in supplies of essentials eased on Thursday, although consumers and the trade still complained about goods not getting through. This prompted the government to issue guidelines late on Thursday to ensure that holdups could be overcome. Retailers, both offline and online, said they saw an improvement after local authorities and police acted to […]
Archives for 2020
Piyush Goyal hears out e-commerce, food delivery and logistics CEOs
Piyush Goyal (File Pic) Commerce and industry minister Piyush Goyal on Thursday interacted with a group of chief executives from e-commerce, food delivery, cash and carry and logistics companies over video conferencing to understand the issues they were facing, before passing on his recommendations to the home ministry. Over the past five days, e-commerce companies […]
AICPA requests broader relief for taxpayers
The AICPA on Thursday urged Treasury and the IRS to provide broader tax filing and payment relief for taxpayers affected by the ongoing COVID-19 pandemic. In a letter to Treasury Assistant Secretary for Tax Policy David J. Kautter and IRS Commissioner Charles Rettig from Christopher Hesse, CPA, chair of the AICPA Tax Executive Committee, the […]
CARES Act would delay compliance with FASB credit loss standard
The federal economic stimulus bill designed to offer some relief amid the coronavirus epidemic includes a delay in the date by which financial institutions are required to comply with FASB’s new accounting standard for credit losses. The Coronavirus Aid, Relief, and Economic Security (CARES) Act, H.R. 748, states that no depository institution, bank holding company, […]
Wolters Kluwer Offers Complimentary Webinars to Help Tax & Accounting Professionals Navigate Current Market Conditions
Online webinars help firms and their clients Wolters Kluwer Tax & Accounting today announced the launch of a series of complimentary webinars for tax and accounting professionals, during which Wolters Kluwer experts and guest speakers will offer insights and best-practices to help these professionals and their firms adapt to the current market landscape. In addition, […]
IRS announces more operational changes related to coronavirus
The IRS on Wednesday provided further informal guidance on how its operations would change during the coronavirus public health emergency (IR-2020-59). (See prior coverage of IRS steps to protect taxpayers and its employees here.) The steps outlined, which the IRS is calling the People First Initiative, include the following measures, among others: Installment agreements: The […]
Will coronavirus bump web traffic into the slow lane?
With more than one third of the globe’s population confined to their homes in an attempt to limit the spread of the coronavirus, some are asking if the increased demand being put on the internet could substantially slow down web traffic. To what extent has web traffic grown with billions watching on screens at home? […]
Gig workers for companies like Uber, Lyft would get unemployment benefits under $2 trillion Senate stimulus bill
Uber CEO Dara Khosrowshahi (center) joins other employees in ringing the Opening Bell at the New York Stock Exchange (NYSE) as the ride-hailing company Uber makes its highly anticipated initial public offering (IPO) on May 10, 2019 in New York City. Spencer Platt | Getty Images News | Getty Images Gig workers won a landmark […]
How 4G and 5G networks are vulnerable to Denial-of-Service attacks
Existing 4G and early 5G networks use Diameter signaling protocol, which contains certain security holes that can lead to a range of attacks, says enterprise security provider Positive Technologies. Mobile operators are racing to upgrade their networks with 5G connectivity while at the same time expanding 4G LTE coverage throughout the world. Though the latest […]
Factbox: Ford and General Motors’ electric vehicle plans
(Reuters) – Ford Motor Co and General Motors Co, the top two U.S. automakers, have more than two dozen new battery electric vehicles (EVs) in the pipeline, according to their executives and suppliers familiar with the companies’ plans. Their combined production in North America is expected to total 325,000 in 2026, according to data from […]