Tag: kpmg

Infra, transport sector leaders expect growth in earnings, headcount in next 3 years: Report
Posted in Economy

Infra, transport sector leaders expect growth in earnings, headcount in next 3 years: Report

India is likely to see the implementation of one of the largest infrastructure programmes in the 21st century amongst large economies and creating fiscal sources…

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Posted in Economy

GST mopup rises 8.9% to ₹1.87 lakh core in October

India collected ₹ 1.87 lakh crore in goods and services tax in October, marking the second-highest gross GST collection in any month to date, reflecting…

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UK unemployment steadies, as wage growth drops: Data |
Posted in UK News

UK unemployment steadies, as wage growth drops: Data |

LONDON: UK unemployment steadied and wages growth retreated in the three months to the end of November, according to official data on Tuesday that eased…

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israel: Israel's judicial proposals prompt startups to relocate: government agency
Posted in Startups

VLCC to acquire D2C men’s grooming brand Ustraa through strategic merger

Beauty and skincare company VLCC is acquiring direct-to-consumer men’s grooming brand Ustraa through a combination of secondary buy-out and share swap, the company said on…

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Deloitte: Deloitte to cut 1,200 jobs in the US
Posted in US News

Deloitte: Deloitte to cut 1,200 jobs in the US

Deloitte will cut around 1,200 jobs or 1.5% of its US workforce, the Financial Times reported on Friday citing internal employee communications.The layoffs at the…

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The audit errors were compounded by the fact that KPMG and Smith had been aware of failures in previous years concerning the accuracy of the cost of inventory — one of the eight breaches they admitted, the FRC said.
Posted in Business

KPMG Fined £1.25 million for Luceco Audit by UK Watchdog

KPMG LLP was fined £1.25 million ($1.56 million) by the UK audit watchdog over errors it made in its work on Luceco Plc’s books in…

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Posted in Economy

GST collections in March jump 13% to Rs 1.6 lakh crore

India’s monthly goods and services tax (GST) collections hit the second highest ever in March, rising 13% from a year earlier to `1.6 lakh crore,…

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KPMG cuts its workforce in US office, first among Big 4 accounting firms: Report
Posted in Business

KPMG cuts its workforce in US office, first among Big 4 accounting firms: Report

KPMG is cutting close to 2% of its workforce in the United States, becoming the first of the world’s four biggest accountancy firms to slash…

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new tax regime: New tax regime may impact charity donations owing to higher exemption limit
Posted in Economy

new tax regime: New tax regime may impact charity donations owing to higher exemption limit

The announcement of higher exemptions under the new tax regime in Budget 2023 is likely to reduce retail donations to charities. Based on the government’s…

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csr: Input Tax Credit cannot be claimed on goods/services used for CSR activities: Budget 2023
Posted in Economy

csr: Input Tax Credit cannot be claimed on goods/services used for CSR activities: Budget 2023

The Budget on Wednesday proposed certain amendments in GST Act and said that input tax credit cannot be claimed on goods/ services used or intended…

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