A “draw” or “due from shareholder” may be used to describe the transaction because the shareholder loan amount is due to the corporation by the shareholder in the future. A shareholder is not required to include a loan from the organization in their taxable income for the fiscal year in which the credit was received concerning…
Lately, there have been several mind-boggling innovations in the tech industry. From AI-enabled bots supporting customer service to 3D technology in healthcare – the wonders of tech are no surprise anymore. Currently, technology is doing its magic in finance by opening doors for financial technology – FinTech. It aims to compete with conventional finance methods…
Transactions between organizations are taking place at exorbitant levels and involving large sums of money in the modern era of corporations, which can be attributed to technological innovation. Because of this, businesses and financial institutions are subjected to significant quantities of uncertainty. The global financial crisis of 2007-08 prompted a call for greater openness in…
Gold is a popular investment for many people, and if you are considering dabbling your toe in gold investments, you will need to educate yourself first. When you are looking to purchase gold bars, you can buy two different types: cast gold bars and minted gold bars. The process that makes them is similar, but…
In today’s world, the buyer can be provided with almost anything that is needed, from door to door immediately. You can choose food or medicines online, and they will also be brought to your doorstep. What awaits us in the future, and how will the upcoming payment technological processes affect the previously existing entrepreneurial modifications?…
In reality, communication with collectors is a more delicate process than it might seem. There are nuances that you, as a consumer, may not be aware of. Missing those, sometimes, you’re risking falling into the collectors’ trap, for example, paying the debt that you actually don’t owe. This, in turn, stimulates the demand for online…
The world of e-commerce is always moving fast, and people who can’t keep up will be left behind. Anyone serious about making it big in e-commerce is forced to adapt to new trends to compete in the market. Now, if you want to utilize the market for its full capabilities, you must do your research…
Today’s world is rapidly propelling towards a cash-free economy. The theory of cash-free transactions is no more just the forte of large-scale organizations. Almost all organizations belonging to a wide variety of industries are transforming their preferences to a plastic economy. Modern technology plays a key role in supporting and uplifting the popularity of cashless…
Given the phenomenal growth of the world’s online markets and the emergence of trends like cryptocurrencies and NFTs, developers of Anti-Money Laundering (AML) systems have been busy keeping up with all the changes and innovations in the global financial sector. However, even with the challenge of keeping up with the times, implementing AML systems today…
Global eCommerce sales are estimated to be $3.53tr and the market is growing rapidly. As retail and B2B customers move online, new eCommerce platforms are popping up all the time; the market is getting crowded. If you are developing a new eCommerce platform, there are a couple of key things you should know. In this…
