Latest news with #FD
Business Wire
28-07-2025
- Business
- Business Wire
Frazier & Deeter Acquires Anglin Reichmann Armstrong, P.C., Expanding Southeast Presence and Deepening Industry Expertise
ATLANTA--(BUSINESS WIRE)--Frazier & Deeter (FD), a globally recognized accounting and business advisory firm, is pleased to announce the acquisition of Anglin Reichmann Armstrong, P.C. (Anglin), a highly respected firm with established offices in Huntsville, AL, Pensacola, FL and Winter Haven, FL. This strategic move expands FD's presence in the Southeastern U.S., while enhancing its service offerings in key industry sectors. The acquisition significantly broadens FD's reach across Alabama, Central Florida and the Florida Panhandle, creating a natural geographic corridor with the firm's existing offices in Atlanta, Tampa and Nashville. It marks a significant step forward in long-term growth strategy and underscores the firm's commitment to serving closely held businesses, while branching out into highly specialized sectors with national and international relevance. 'For more than three decades, Anglin has built a strong reputation for fostering client trust, delivering technical excellence and cultivating a people-first culture, particularly in the government contracting and construction industries,' said Seth McDaniel, Partner and CEO of Frazier & Deeter. 'Their entrepreneurial mindset integrates seamlessly with our firm's values, and we are excited to welcome the Anglin team as we continue to broaden our footprint and serve clients.' In addition to strengthening core service areas such as tax, audit and advisory, Anglin brings specialized expertise in Government Contracting (GovCon), Construction, Client Accounting & Advisory Services (CAAS) and HR Consulting Services. These capabilities significantly deepen FD's industry specializations and scale its advisory platform into the high-demand GovCon sector. 'Our firms have enjoyed a collaborative relationship for years through the CPAmerica network,' said Brandon Smith, Managing Partner of Anglin. 'Joining FD allows us to build on that partnership and unlock new opportunities for our clients and teams, supported by the extensive resources of a nationally recognized firm that aligns with our values and vision.' FD will fully integrate Anglin into its broader operational infrastructure, providing immediate access to firm-wide support services including technology, finance, marketing and talent development. Operating under the Frazier & Deeter global brand, the combined team is well-positioned to accelerate growth, amplify market influence and invest in the next generation of industry leadership and professionals. About Frazier & Deeter Frazier & Deeter is a Top 50, award-winning professional services firm offering a full suite of tax, audit, risk advisory, digital and business transformation services. Operating under the Frazier & Deeter (FD) brand, the firm includes Frazier & Deeter, LLC (a licensed CPA firm providing assurance services) and Frazier & Deeter Advisory, LLC, (not a licensed CPA firm) which delivers advisory and tax services. FD and its family of brands serve a broad client base, from Fortune Global 500 companies to emerging businesses, with offices across the globe. The firm has been consistently recognized as a Best of the Best Accounting Firm, a Best Firm to Work For®, and a Best Firm for Women in Leadership. Learn more at About Anglin Reichmann Armstrong, P.C. Formed in 1990, Anglin Reichmann Armstrong, P.C. has consistently received accolades such as Best Accounting and Tax Firms and Best Places to Work. In 2023, the firm was recognized among the Top 10 'Best Firms for Young Accountants' by Accounting Today. With offices in Alabama and Florida, Anglin serves clients throughout the Southeast and nationally through its niche offerings. Services include Tax Advisory and Audit and Assurance Services, Business Consulting Services, CFO Services, Outsourced Accounting, Human Resources Consulting Services, Specialized Tax Credits (R&D Credits) and Business Valuations. Anglin is a long-time active member of CPAmerica/Crowe Global.
Time of India
20-07-2025
- Business
- Time of India
Loan via UPI: Soon you can use UPI to withdraw money from credit line taken against property, gold, FD, share, MFs, others
Academy Empower your mind, elevate your skills What is a credit line on UPI? What kind of transactions can I undertake from my loan account? Which accounts were previously eligible for a credit line on UPI? Credit on FD Credit on bond/shares Credit on property Credit on gold Personal Loan Business Loan Unsecured Credit KCC (Kisan Credit Card) loans Reserved for future use Can I use my loan account funds for any purposes via UPI? Challenges remain; the final decision rests with the bank Starting next month, there's going to be a big change in how we use the overdraft facility through UPI. The NPCI (National Payment Corporation of India), in a circular dated July 10, 2025, has outlined new guidelines for linking pre-approved credit lines to next month onward, funds sanctioned by credit lines from financial institutions, and backed by fixed deposits (FDs), shares and bonds, properties, gold, and more, will be directly accessible through UPI. In simple terms, you will be able to link your loan account, supported by FDs, shares, bonds, and even your personal or business loan overdraft, to your UPI for smooth transactions using various apps like Paytm, PhonePe and to the circular, all UPI member banks, PSPs (payment service providers), credit line issuers and third-party app providers (TPAPs) have been instructed to implement the necessary changes before August 31, the past, UPI allowed only P2M transactions with a pre-approved credit line. The new circular now permits cash withdrawals, P2P transactions, and P2PM transactions using your bank's credit line. P2PM transactions involve small merchants with monthly UPI transactions under Rs 50, you have taken a business loan to grow your shop. Now, you need to pay a contractor Rs 2 lakh from this account. Right now, you have to make a bank transfer through your business loan account since you cannot currently link this loan account to your UPI. But starting August 2025, you'll be able to make UPI payments directly from this business loan as great as it sounds, there are still a lot of unclear details about how this will work. How will this change affect your everyday transactions, and what should you be aware of? ET Wealth Online breaks it explained on the NPCI website, a pre-sanctioned credit line on UPI allows you to get a pre-approved credit line from your bank, which you can immediately then link to your UPI for making transactions. A credit line is essentially a pre-decided amount you can borrow from any bank or financial institution, and is determined on the basis of your income and to the NPCI circular, 'In order to ensure consistent customer experience across interest-bearing credit lines, end use of such pre-sanctioned credit lines being linked to UPI shall be aligned with the purpose for which the loan was granted by the Issuer and the extant regulations applicable in this regard.'Explains Rohit Mahajan, Founder and Managing Partner of plutosONE, 'Bank-sanctioned credit lines for different types of collateral or credit categories, including FDs, shares and bonds, properties, gold, and even personal or business loans, now can be used through UPI. Therefore, as long as the issuer (bank or financial institution) has sanctioned the credit line and allowed the linkage to UPI, it (UPI) can now be used as a payment initiation channel for those transactions from an account of any credit line, collateral or otherwise'.Previously, you were limited to doing a P2M or person-to-merchant transaction using a pre-sanctioned credit line on UPI. But as per the latest circular, you will be able to make cash withdrawals, P2P (or person-to-person) transactions, and even P2PM transactions from your bank-issued credit line.P2PM transactions generally involve small merchants and businesses, whose monthly inward UPI transactions are less than Rs 50, to the circular, 'In addition to existing MCCs allowed for credit products, these MCCs shall be enabled by UPI Apps, Payer PSPs, Payee PSP's and Beneficiary Banks for all types of transactions from these account types (Scan & Pay, Pay to Contact/VPA/UPI No., Self-transfer, Account + IFSC based transaction, Intent, etc.).'Here, MCCs are merchant category these transactions can't go over the daily limits set by NPCI. Right now, for both P2P and P2M transactions, you can only spend up to Rs 1 lakh via UPI in 24 hours. If you're looking to withdraw cash, the daily cap is Rs 10,000. Also, you can't do more than 20 P2P transactions in a single day. While NPCI proposes these limits, remember that individual banks may have different internal limits for these transactions. So, it's a good idea to check with your says that not all individuals might be allowed to undertake all three transactions on their loan account. 'While the UPI infrastructure and member banks will technically support the executions of these transactions after August 31, 2025, it is up to the issuer bank to permit or prohibit these transactions based on legal, regulatory, and product restrictions. Thus, people can only conduct these transactions specifically if their issuing bank permits them based on the terms of use in their credit line agreement'.Previously, you could only access funds present in your overdraft accounts and RuPay credit cards via UPI. However, from August 31, NPCI has introduced 10 additional credit line categories which are eligible to be linked and spent via UPI. These include:According to experts, while Kisan Credit Card or KCC loans are meant to provide timely credit for agricultural and related activities to farmers, the term 'reserved for future use' includes any new credit products or account types that aren't currently defined, but could be ingrated into the future development of this systems or schemes without needing to completely re-design the As the circular explicitly mentions, 'Issuer shall, as per their board-approved policy, stipulate terms and conditions of use of such credit lines. Issuers shall also approve or decline transactions initiated via UPI as per extant regulatory guidelines, and defined purpose of the credit'.In other words, the final decision on whether or not to approve a UPI transaction made from a loan account will rest with the bank which disbursed the loan. This will vary from bank to bank, depending on their internal policies. However, as mentioned in the circular, the UPI spending should not significantly differ from the purpose for which the credit was Prabhu Rangarajan, Co-founder, M2P Fintech: 'Based on their internal risk policies, banks can choose to allow or restrict specific merchant category codes (MCCs) such as P2P transfer, cash withdrawals, etc. Banks can identify the type of credit line being used and ensure that the funds are used only for their intended purposes.''For example, if a customer has a credit line backed by gold, the bank may allow its use for certain needs like paying hospital bills, but will restrict its use for activities such as gambling or even purchasing more gold. This approach helps banks maintain financial discipline and minimise the misuse of credit', he experts are praising the move, calling it a pivotal step towards making credit access faster and promoting responsible use of bank-issued credit, challenges remain. The final decision on whether or not to allow UPI linkage of a loan account, or even on all transactions undertaken by the person from that account, will rest with the credit use regulations issued by each bank will lead to complexities, especially for an individual who has loan accounts with multiple banks.'Since the circular requires each transaction to be assessed by the issuer against the allowed intended user of credit, users may have declined transactions if their timing of the spending intentions appeared too inconsistent with the sanctioned purpose. There are also outstanding ambiguities about reductions and variations made by banks, as consumer credit policies have very little consistency across banks. Also, most consumers may not know the limits, allowed case uses, and technicalities of using credit lines via UPI from the outset', adds Mahajan.
Forbes
09-07-2025
- Health
- Forbes
Hard Decisions: Using Legal Authority Over An Aging Parent
The phone call came to Dad's daughter (FD) at 6 AM. Again. This time, it was the night caregiver reporting that her father had fallen while trying to get out of bed. She had jumped up and tried to stop him but she could only get to him in time to break his fall. Fortunately, he wasn't hurt this time. She had a hard time getting him off the floor by herself and had called out to Dad's wife in the next room to help get him back into bed. His wife, (SW) had slept through the entire thing. The caregiver was exasperated. She needed more help and SW did not provide it. It was the third incident in two weeks, and FD knew something had to change. Trying To Supervise From A Distance For months, FD had watched her father's condition deteriorate from 300 miles away, visiting as often as she could. Advanced dementia had robbed Dad of his independence, and multiple physical ailments had left him requiring round-the-clock care. He was on hospice care, meaning he was expected to be at end of life within six months. He could no longer climb stairs. Even with workers there 24/7, he was not receiving the quality attention he needed in the two-story condo he shared with his wife of fifteen years. The bathroom was on the second floor and he couldn't even have a shower. Sponge baths were just not what FD believed were good enough. Distressed elder can't make a decision SW was extremely stubborn and totally resistant to change. She refused to participate in any discussions about FD moving Dad to a memory care senior home even when invited to do so. At 78 herself, she lacked the physical strength and emotional willingness to provide the extent of help her husband required. She was also rejecting the recommendations of both his primary care physician and the hospice team, countermanding their orders and putting Dad at greater risk every day. FD felt compelled to make a decision about moving Dad. The Daughter's Legal Authority Years earlier, when her father was still lucid, he had designated FD as his agent with power of attorney for financial decisions. He had also placed her as his agent to make healthcare decisions if he could no longer do so. He intentionally did not give any such authority to his wife. Perhaps he understood that he could not really count on her if he ever became impaired. FD had already taken charge of Dad's finances and was paying all the bills, including the rent on the condo. She knew she had to preserve his assets to pay for care to the end of his life, and she wanted the best for him. He was just not getting it with paid caregivers working one at a time on their shifts. More reinforcement was needed. She did her research. She found an excellent care home a few minutes from where she lived and worked. She could stop by every day and check in on Dad, something she could not do from hundreds of miles away. Adding up the cost, it would turn out to be less expensive than the current arrangement, with the caregivers and rent on a condo that was not a workable environment for him. He would have to move and SW would have to also. That was going to be tricky to navigate. Navigating Family Conflict FD's efforts to involve her stepmother in planning better care arrangements over the full prior year had been met with hostility and non-cooperation. Despite repeated invitations from FD to SW to discuss the issues about Dad with the beloved family doctor, and make a plan for moving Dad, SW seemed to cling to denial. She would not plan, nor discuss the matter. The conflict created additional stress for everyone involved, including her father, who could sense the tension even in his diminished cognitive state. FD realized that waiting for agreements would only put her father at continued safety risks in an unacceptable quality of life situation. He kept begging FD to take him with her every time she visited. Hospice Care-Could It Continue? The new facility was willing to work with a local hospice organization that could continue the medical oversight her father had been receiving. This meant his medication management and comfort care would remain consistent while significantly improving his daily quality of life. They also recommended a new hospice physician who was treating other residents at the home and FD asked for him to accept her Dad for care. He did so. FD signed the documents to get Dad into his new home, and furnished his room. A date was set. The Strategy Of How To Time the Move FD sought advice from us at a nurse-lawyer/psychologist team about the move. Did she have the legal right to do this? Yes. Should she tell SW well in advance? No, that would create an opportunity for SW to undermine and sabotage the plan. We suggested that FD get copies of the legal documents together and create a letter to give to SW at the time of the move. She and another sibling who lived out of state were able to coordinate the plan for taking Dad by car to his new home. The sibling would be there. A faithful caregiver would accompany them on the drive of several hours. They informed Adult Protective Services and the local police department in writing that this was a legally authorized move and why it was necessary. They did this in anticipation that SW might call the police and accuse them of kidnapping Dad when they took him out. The preparation was in place. The move happened, much to FD's relief. SW was given a choice. She could move to a smaller condo in the same complex, suitable for one person if she chose, and FD would pay the rent there. Or, FD would help her find an appropriate place to live near Dad if she chose to do that, and FD would pay for the move and pay the rent from Dad's assets. At the moment of the move, SW did not make a choice and her next steps were not clear yet. Whatever she decided, she would also be safe with enough of an allowance to live comfortably. The Takeaways
Indian Express
30-06-2025
- Politics
- Indian Express
For renewal of Western Ghats, put people at the centre
The National Mission for a Green India bases its estimates and proposals for action on the information provided by the Forest Survey of India (FSI), and its execution by the Forest Department (FD). Regrettably, FSI data is quite outdated, available on a crude scale and deliberately distorted. At the same time, the FD, an anti-science, anti-nature, anti-people agency, will never end up greening the Western Ghats. What we need instead is a different science-based, nature-centric and people-oriented approach. I came to understand the way the FD manages its affairs as a result of M Y Ghorpade, then Karnataka's finance minister, being gheraoed by basket weavers in 1975. The weavers were complaining about the excessive cutting of bamboo by the paper industry in the state, which was adversely affecting their livelihoods. Ghorpade decided that an objective evaluation was required and asked me to undertake the task. This took me to the West Coast Paper Mills (WCPM) at Dandeli, in the district of Uttara Kannada in Karnataka. My mandate was to investigate whether bamboo resources had indeed been depleted and assess afresh the resource position, based on the data available from the FD's 'Pre-Investment Survey of Forest Resources' (PISFR), WCPM, and our own fresh fieldwork. These field studies revealed the PISFR figures to be overestimates by a factor of 10. This inflated figure for bamboo had provided a justification for setting up one more paper mill. We were able to reassess the bamboo stocks in the field because detailed information, disaggregated to the level of forest compartments (a geographically defined and permanently demarcated unit of forest land, used for management, planning, and record-keeping purposes), was made available to us. This would not have been possible if we had access only to highly aggregated data such as at a district or division level, which is all that is available to the general public as official statistics. In 1972, Satish Dhawan became the chairman of the Indian Space Research Organisation (ISRO). In July that year, satellite imagery of Earth became available with the launch of the Landsat programme. Dhawan immediately set up the National Remote Sensing Centre (NRSC) in Hyderabad to undertake and facilitate remote-sensing activities in the country. One of the early projects of NRSC was to interpret the 1972–75 Landsat imagery to assess the forest cover of the country. The results of the NRSC study were startlingly at variance with FD's official information. While the FD claimed that 23 per cent of the country was under forest cover, remote-sensing imagery showed that the forest cover was much less, only about 15 per cent. The government forthwith ordered NRSC to stop its assessment and set up the FSI as the exclusive agency to do so. The FSI provides data at highly aggregated levels, such as at that of districts, and after a delay of two or three years. There is absolutely no justification for data continuing to be so delayed and aggregated in the day and age of Google Earth and other satellite data that are freely available to all members of the public in real time and at scales as fine as 10 hectares. There are other instances, too. Earlier, in 1963, the Grasim rayon factory began producing pulp and fibre in Mavoor, on the banks of the Chaliyar river in Kerala's Kozhikode district. The management neglected to adopt any pollution-control measures citing profitability concerns and recklessly released poisonous effluents into the river, adversely impacting its fish and clam population and human health. It turned out that the effluent had high levels of poisonous mercury, lead, nickel, cobalt, iron, chromium zinc and copper. The factory was supplied bamboo at a throwaway price of Re 1 per tonne when its market price was Rs 1,400 per tonne. It led to the destruction of 10,000 hectares of bamboo forests in Wayanad. As stocks of bamboo became depleted, Grasim came to depend on eucalyptus, and the government promoted eucalyptus and Australian acacia plantations, accompanied by large-scale use of pesticides in the forest areas. Together, it led to the destruction of natural resources and human suffering with the active knowledge and collusion of the FD. What, then, should we do? Pachgaon in Maharashtra's Chandrapur district shows the way. Pachgaon was assigned Community Forest Rights (CFR) under the Forest Rights Act of 2006 over 1,000 ha of land. It is exercising this right to good effect. Through bamboo sales, Pachgaon earns a good income. So its people have stopped setting fire to tendu leaves to stimulate fresh growth. This is despite the fact that tendu leaves, too, were a good source of income. Additionally, they have voluntarily set aside 30 hectares as a sacred grove. With this, the forest is registering healthy growth and sequestering large quantities of carbon. This has also meant security of livelihoods and greater self-respect for the people. Earlier, many villagers used to migrate all the way to Gujarat to earn a living. Now, very few people leave the village. This is clearly the way forward for effectively greening the Western Ghats. The entire region is crying out for an honest implementation of the Forest Rights Act and assignment of Community Forest Rights to a substantial proportion of the population that has been living inside forests or on their fringes for over three generations. At the same time, we should take forward the process of democratic decentralisation and involve people in the decision-making process. This is what the Western Ghats Ecology Expert panel advocated and I wish to reassert that this, indeed, is the way ahead. The writer is an ecologist
Newsweek
26-06-2025
- Sport
- Newsweek
Cooper Flagg Rookie Year Player Prop Odds, Best Bets: Specials, Points
Sportsbooks including FD and DK are already offering various ways to bet on Cooper Flagg's rookie season, including points and double-double prop markets. Sportsbooks including FD and DK are already offering various ways to bet on Cooper Flagg's rookie season, including points and double-double prop markets. Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Like Victor Wembanyama and fellow former Duke Blue Devil Zion Williamson, Cooper Flagg is already an NBA star, months before he scores his first bucket for the Mavericks. For bettors, that means that in addition to his 2026 NBA Rookie of the Year odds (which are as short as -225 at BetMGM -- implied probability: 69.2 percent), there are a number of other ways to bet on how he'll fare as a rookie. If you think he could become the first rookie to win NBA MVP honors since Wes Unseld in 1969, he's listed at +50000 (500-to-1) at DraftKings, bet365 and FanDuel. Few players get their own dedicated section/page at top sportsbooks like FanDuel and DraftKings less than 24 hours after hearing their name called at the draft, but Flagg fans already have no shortage of fun, unique ways to bet on his highly anticipated rookie campaign. Cooper Flagg Rookie Season Player Prop Bets DraftKings offers a few special parlays like Flagg to average 18+ PPG + Flagg to average 6+ RPG (+285) and Flagg to average 18+ PPG + DAL Mavericks to win the Southwest Division (+3500), it also offers over/under markets on Flagg's points and rebounds per game numbers as a rookie: Cooper Flagg points per game: Over 16.9 (-115); Under 16.9 (-115) Cooper Flagg rebounds per game: Over 6.1 (-115); Under 6.1 (-115) Player Prop Bet Specials For Cooper Flagg (FD, bet365, BetMGM) The best available odds for these props appear in bold: Cooper Flagg To Score 30+ Points in his First Game in the 2025-26 Regular Season (+2000 at FanDuel) Cooper Flagg To Record a Triple Double in Any Game in the 2025-26 Regular Season (-120 at FD; -120 at bet365; -115 at BetMGM ) ) Cooper Flagg To Score 40+ Points in Any Game in the 2025-26 Regular Season (+300 at FD; +300 at bet365; +350 at BetMGM ) ) Cooper Flagg To Score 50+ Points in Any Game in the 2025-26 Regular Season (+1600 at FD; +1600 at bet365; +2000 at BetMGM) For historical context, consider that the most recent rookie to record a triple-double was Josh Giddey back in 2022. In addition to Giddey's 17-point, 14-assist, 13-rebound night for the Thunder in '22, LaMelo Ball (Hornets, 2021), Luka Doncic (Mavericks, 2019), Markelle Fultz (76ers, 2018) and Lonzo Ball (Lakers, 2017) all recorded triple-doubles as rookies, though no one in the '22-23, '23-24 or '24-25 classes pulled off the feat. We not recommend betting on Flagg to score either 40 or 50 points as a rookie. It wouldn't be completely unprecendented for a rookie to break 40 points (LeBron James did it in '03-04, and Wemby also had a 40-point night in '23-24, to name two examples), but Wembanyama was the only NBA Rookie of the Year in the last decade to have a 40-point game. Another reason not to back Flagg to have a 40- or 50-point night next year is the fact that he scored 30 points more just twice in 37 games during his dominant '24-25 season at Duke. Best Cooper Flagg Player Prop Bet For 2025-26 The price here isn't exactly juicy, per se, but if there's one Flagg prop bet worth taking right now, it's Cooper Flagg To Record a Triple Double in Any Game in the 2025-26 Regular Season (-115 at BetMGM) -- 1 unit. As we mentioned earlier, while recording a triple-double as a rookie is certainly impressive, it's not a huge rarity. As an outstanding rebounder at 6-foot-8 (he averaged 7.5 rpg at Duke last year), Cooper Flagg double-doubles should be a more common occurrence at the NBA level after he finished his lone season at Duke with seven of them. His over/under scoring and rebounding numbers tell us he should average somewhere around 17 points and 6 rebounds per game as a rookie. Flagg averaged just over 4 assists per game at Duke. But as one of the initiators of the Dallas offense -- especially until Kyrie Irving recovers from his ACL injury last season -- I think he's plenty capable of a few nights with double-digit assists. I'm confident he'll able to combine solid scoring, rebounding and passing numbers together at least once as a rookie for an accomplishment that is not nearly as rare as it used to be. Case in point: In the 2024-25 NBA regular season, 25 players recorded at least one triple-double. That list includes 19 players who had at least two triple-doubles, 10 who had four or more, and four (Nikola Jokic, Giannis Antetokounmpo, LeBron and Domantas Sabonis) who had at least 10 triple-doubles. Newsweek may earn an affiliate commission if you sign up through the links in this article. See the sportsbook operator's terms and conditions for important details. Sports betting operators have no influence over newsroom coverage.
