Bookkeeping

State auditor: Former Des Moines professor of horticulture embezzled nearly $ 20,000 in funds

State auditor Rob Sand’s report says former DMPS horticulture professor Craig Nelson spent $ 19,508.61 on improper disbursements. DES MOINES, Iowa – A former employee of Des Moines public schools has embezzled nearly $ 20,000 in school funds, according to a special investigation by State Auditor Rob Sand. The report identified $ 19,508.61 in inappropriate […]

Financial basis

Indian Railway Finance Corporation Ltd. shows unprecedented revenue and profit for fiscal year 21

Indian Railway Finance Corporation Limited (“IRFC” or the “Company”), the lending arm of the Indian railway market, posted 126% year-on-year profit growth for the fourth quarter of the fiscal year 2020-21, to settle at Rs. 1,482.55 crore versus Rs. 654.63 crore reported as of T4FY2020. Net profit for fiscal year 2020-21 increased 38.34% to Rs. […]

Financial information

Moneycontrol Pro aims to fill the void in the financial reporting industry: Ravi Krishnan of Moneycontrol.com

Ravi Krishnan Barely two years after its launch, Moneycontrol Pro, the premium offer of the economic information site Moneycontrol, is on the list of the world’s top 20 providers of digital news subscriptions. According to a report by the International Federation of Periodical Publishers, Moneycontrol Pro with 330,000 subscribers is the only Indian publisher to […]

Transaction tax

Tax changes for the benefit of certain companies considering intergenerational transfers of shares

The blog post explained that s. 55 (2) of the Income Tax Act (Canada) treats transactions, which would ordinarily be considered dividends, as taxable capital gains in certain situations, but corporations can avail themselves of an exception and avoid this requalification if they comply with the rules of the art. 55 (3) (a). Although by […]

Financial transaction

SBI will charge cash withdrawal fees beyond four free transactions per month

SBI said it will charge 15 plus GST per cash withdrawal for transactions at bank branches, SBI ATMs or other banks’ ATMs in excess of four free cash withdrawals. The country’s largest lender, State Bank of India (SBI), will charge fees for cash withdrawals beyond four free transactions in a month from customers with basic […]

Bookkeeping

News in brief

The Bella Vista company acquires Village accounting An accounting firm in Bella Vista announced Monday that it has acquired another local bookkeeping business. Seay said it purchased Village Bookkeeping and Tax Service, whose owner, Mike Moles, is retiring after a 53-year career in public accounting. Moles has owned and operated Village Bookkeeping and Tax for […]

Bookkeeping

Petaluma woman charged with federal charges of fraud, embezzlement and tax evasion

A Petaluma accountant has been indicted by a federal grand jury with bank fraud, embezzlement and tax evasion. Stephanie Simontacchi, 48, is accused of using her position to victimize two former employers and is suspected of embezzling at least $ 821,363, the US Department of Justice said Monday. She was arrested on June 25 and […]