My family is a patron of culture and owns art, jewellery and traditional heirlooms. How can we preserve these assets across generations while balancing access, control and responsible monetization? —Name withheld on request A collection of paintings, sculptures, antiques, jewellery and other heirlooms carries with it a history of patronage and family legacy. While such…
Mortgage interest rates are lower today, after yesterday’s better-than-expected Consumer Price Index report showed that inflation fell in June. The average interest rate on a 30-year, fixed-rate mortgage ticked down to 6.45% APR, according to rates provided to NerdWallet by Zillow. This is eight basis points lower than yesterday but one basis point higher than…
For more than a decade, if you were to ask the technology futurists which industries would be most significantly disrupted by AI, tax, accounting and audit-related professions would have been at or near the top of the list. Those predictions were partially true. Processing Content AI is indeed changing the way tax professionals work in…
German government not stopping UniCredit's takeover of Commerzbank, Merz says
Key insight: As written, new capital standards for U.S. banks fail to account for the additional risk posed by many home loan clients who obtain second mortgages. Fixing the problem will significantly reduce the rule’s benefit to banks. What’s at stake: The new capital standards create incentives to move second liens off bank balance sheets…
9:03 AM, 15th July 2026, 5 hours ago 11 Landlords could be required to pay tax every month under Treasury proposals that would calculate deductions using income declared in the previous year, the Daily Telegraph reports. The move comes after the controversial Making Tax Digital (MTD) is already forcing thousands of property owners into a…
“For example an NRI may have only NRO interest income in India, and the total income may be below the taxable limit, but the bank may still deduct TDS at maximum marginal rate. Similarly, in property sale transactions, 12.5% TDS is deducted on the total sale consideration, and not capital gains, which may lead to…
Central organizations at nonprofits with local affiliates are now required to file a new form with the Internal Revenue Service to maintain their tax-exempt status. Processing Content The new Form 15644, Supplemental Group Ruling Information, will now be used to make annual Supplemental Group Ruling Information submissions, the IRS said in an email Tuesday. Revenue…
July 31 is the deadline to file the Income Tax Return (ITR) for Assessment Year (AY) 2026-27. If you miss it, the law still allows you to file a belated return by December 31, 2026, but experts say delaying your return can prove more expensive than the late filing fee. While a…
Statement Why frontier AI matters for firms Artificial intelligence (AI) continues to evolve rapidly. Frontier AI models represent a step-change in capability, with significant implications for cyber security and operational resilience. The cyber capabilities of current frontier AI models are already exceeding what a skilled practitioner could achieve, and at a significantly higher speed, greater…