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How to Create an Owner’s Draw Account in QuickBooks Online

Creating an owner’s draw account in QuickBooks Online is straightforward once the accounting treatment is clear. The most important point is that an owner’s draw is generally an equity transaction, not an ordinary business expense. For a sole proprietor, money taken from the business for personal use usually reduces owner’s equity; it does not create […]

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Advance Pricing Agreements Under the Income Tax Act and the Application Procedure

An Advance Pricing Agreement (APA) is a voluntary arrangement that gives an eligible taxpayer and the Indian tax administration greater certainty about the transfer-pricing treatment of specified transactions before disputes arise. The agreement can determine the arm’s length price or establish the method used to determine it for covered international transactions and, where applicable, other […]

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How China and India Are Driving Growth in the APAC Sportswear Market

Asia-Pacific is becoming one of the most important growth engines for the global sportswear industry, and China and India sit at the center of that shift. Both markets combine large populations, rising participation in fitness and recreational sports, expanding middle classes, stronger digital-commerce ecosystems, and consumers who increasingly wear sports-inspired clothing outside the gym. The […]

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What Is OFAC Screening and Why It Matters for Compliance

OFAC screening is the process of checking customers, counterparties, beneficial owners, vessels, aircraft, payments, and other relevant parties against sanctions restrictions administered by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC). It is often described as “watchlist screening,” but sanctions compliance is broader than matching a name to a list. A […]

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THE LINE in Saudi Arabia Current Plans Progress and Real Estate Implications

THE LINE remains one of the most striking ideas associated with Saudi Arabia’s NEOM project, but the most accurate 2026 description is very different from the early impression of a 170-kilometer city racing toward near-term completion. Official NEOM material still presents the long-term vision of a linear city approximately 170 kilometers long, about 200 meters […]

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