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Tax Updates for 2019
Interest on unpaid taxes and late penalties (yes, even penalties accrue interest) have more than doubled to 8 percent from just a couple years ago. Here are some of the latest changes to keep in mind as the filing deadline — April 15, or April 17 for Maine and Massachusetts residents — approaches.
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Read more at The New York Times
Small Businesses Can’t Report Personal Data About Owners Under a 2020 Corporate Transparency Act
Under a section of a 2020 law that took effect Jan. 1, small businesses must share details about their so-called beneficial owners. The Corporate Transparency Act was intended to help the Treasury Department’s financial-crimes division identify money launderers who hide behind shell corporations. Judge Liles C. Burke of the U.S. District Court in Huntsville, Ala., sided with critics of the law.
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Read more at The New York Times
Global Deforestation - A New Report Highlights a Global Blind Spot
In the UK, proposed regulations will stop trade in products associated with illegal deforestation, but not those defined as legal under local law. The biggest drivers of tropical forest loss are conversion to cropland and pasture, building of infrastructure such as mines and roads, and logging for timber.
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Read more at Phys.org
Corporate Earnings and Chancellor Hunt's Budget
This week, Chancellor Jeremy Hunt's budget announcement stands as a pivotal economic event. The economic strategy is under scrutiny amid challenges of recession and public demand for prudent fiscal management. Reach and STV, two major media entities, are poised to reveal their full-year figures.
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Read more at BNN Breaking
PNW Innovators Launch StartUp Madness
Beyond 4 Walls Christian Center opens a laundromat to the Harvest Square Strip Mall, 877 S. Lake St., in Gary’s Miller section. For more information, call 219-455-6648. Northwest Health targets colon cancer awareness Dr. D. Owen Young, a colorectal surgeon, will explain the importance of early detection.
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Read more at Chicago Tribune
A Massive Reservoir of Hydrogen Could Be a Potential Source of Clean, Hydrogen Energy
A team of researchers recently discovered a massive reservoir of hydrogen in a mine in Albania. Its concentrations of hydrogen are so high that it has caused explosions and killed miners. The reservoir could be a potential source of clean, hydrogen energy.
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Read more at Business Insider
Lincoln's 'Glory Hole' Walkway Closed - The Importance of a Restored Walkway
In the heart of Lincoln, a sudden closure of the city's cherished walkway has sparked urgent calls for action. Following a partial collapse in February 2023, the path linking Wigwford Way and the High Street has seen an unforeseen extension of its downtime. Advertisment Immediate Impact on Local Businesses Roger Baldam-Lucas recounts the immediate disruption caused by the closure. The necessity to relocate temporarily has not only inconvenienced operations but significantly dented the customer base
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Read more at BNN Breaking
Startups in India Need to Ensure Compliance
Paytm Payments Bank has been slapped a penalty of Rs 5.49 crore by the Financial Intelligence Unit-India for violations of its “obligations under the PMLA” rules. edtech major Byju’s was late in reporting its earnings for recent few years to regulators. Startups in India, buoyed by some adventurous investors that encourage this behaviour, are loose on compliances and they carry this forward even after they become much larger.
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Read more at News18
IIM Kozhikode Launches Chief Operations Officer Programme
India's business landscape is set to transform with the launch of the Chief Operations Officer Programme by the Indian Institute of Management Kozhikode. The programme, rich with topics like AI, digital supply chain, and agile methodologies, aims to arm COOs with the necessary tools to steer their organizations towards sustainable success. This innovative initiative is designed to equip operational leaders with a strategic mindset, emphasizing the importance of technology and data.
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Read more at BNN Breaking
Saudi Arabia to Continue Cuts in Oil Production Through June
Saudi Arabia said it would extend cuts in oil production through June. Saudi allies including Kuwait and the United Arab Emirates said they would continue their reductions. The decision to keep output cuts in place was expected.
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Read more at The New York Times