Latest news with #PricewaterhouseCoopers
Yahoo
2 days ago
- Business
- Yahoo
US SEC names George Botic as PCAOB acting chair
The US Securities and Exchange Commission (SEC) has appointed George Botic as acting chair of the Public Company Accounting Oversight Board (PCAOB). The decision follows the recent resignation of the former chair, Erica Williams. SEC chairman Paul Atkins said: 'I thank Erica Williams for her dedicated service on the Board, and I look forward to working with George Botic as Acting Chair.' Botic, a certified public accountant, has been a member of the PCAOB board since October 2023. His experience within the body includes his role as the director of the PCAOB's division of registration and inspections and supervised accounting firms that audit public companies trading in the US, as well as audits of broker-dealers. His previous assignments within the PCAOB include serving as the director of the office of international affairs, advising former chairperson James Doty and contributed as the deputy director of the registration and inspections division. Botic's pre-PCAOB experience included a tenure as a senior manager at PricewaterhouseCoopers. Botic stated: 'I am honoured to work with the SEC and the staff of the PCAOB as acting chair to ensure that we meet the mission established by Congress.' The former chair, Erica Williams, who took office in January 2022 and received reappointment in October 2024, was known for her work in updating auditing standards and refining the board's inspection and enforcement strategies, as well as its operational efficiency. The PCAOB is tasked with the oversight of audits pertaining to public entities, including brokers and dealers, through its comprehensive programs. The SEC is vested with the authority to appoint the PCAOB's board members and its chairperson. "US SEC names George Botic as PCAOB acting chair " was originally created and published by The Accountant, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Local Spain
6 days ago
- Business
- Local Spain
Self-employed in Spain: What's a contribution base and which should I choose?
What does it mean to 'cotizar' in Spain? If you're self-employed (autónomo) in Spain you've probably come across the word cotizar, which in this context means to contribute or pay contributions to something. Basically it means contributing to the Spanish welfare state by paying taxes. You contribute a portion of your salary to the social security system in order to receive benefits, such as access to the healthcare system or perhaps a pension when the time comes, and the more you contribute, the more you receive. This so-called contribution 'base' will partly determine the retirement package you receive. In basic terms, your contribution base is the amount used to calculate social security contributions. What is the contribution base? The contribution base (base de cotización in Spanish) is basically the amount of money used to work out how much you pay into your social security contributions. In Spain, contributions can go up or down and these variations are calculated on the basis of the contribution base. Both self-employed workers and employees have their own contribution base, and everyone pays a monthly percentage to contribute and receive social benefits. Self-employed workers contribute through the self-employed contribution, while employees do so through their companies. The contribution base for self-employed workers in Spain While for salaried workers the contribution base is linked to their gross salary (a percentage of their salary goes directly towards paying social security) self-employed workers have some flexibility on this due to recent reforms and the unpredictability of being freelance or owning your own business. According to experts in Spain the self-employed 'can more or less choose the contribution base they want.' While employees only pay around 6 percent of their salary for social security (the rest is paid by the company) the self-employed have to pay the full percentage. This means that self-employed workers pay around 31 percent of their chosen contribution base to Social Security every month. How is the contribution base for the self-employed in Spain calculated? This is where things get a little complicated. Until 2023, self-employed workers in Spain could choose how much they wanted to contribute regardless of their income. However, from January 2023, this changed, and each self-employed worker is now given a contribution base corresponding to their net income. The Social Security system has created contribution brackets in which, for each bracket of net monthly income, a minimum and maximum contribution base is assigned. This way, self-employed workers can choose which base they want to contribute, but always within their income bracket. What are Spain's contribution bases? According to PricewaterhouseCoopers:"The minimum contribution for the lower bracket is set at €653.59, while the maximum contribution in the upper bracket is set at €4,909.50. Social security benefits would depend on the contributions paid by the self-employed, the general rate being 31.4 percent which is applied on a monthly social security contribution base chosen by the self-employed." The following table with data from Spain's Social Security Department shows the minimum contribution base in 2025 for each monthly earnings bracket and what it equates to in monthly social security fees. In other words, the smallest amount you can pay in social security taxes each month depending on your estimated earnings bracket. The table does not include the maximum contribution bases for each category, so it is aimed at self-employed workers who want to pay less. Estimated net monthly earning brackets Minimum contribution base in 2025 Monthly fee in 2025 Up to €670 €653.59 200 € Between €670 and €900 €718.95 220 € Between €900 and €1,125.90 €849.67 260 € Between €1,125.90 and €1,300 €950.98 280 € Between €1,300 and €1,500 €960.78 294 € Between €1,500 and €1,700 €960.78 294 € Between €1,700 and €1,850 €1,143.79 350 € Between €1,850 and €2,030 €1,209.15 370 € Between €2,030 and €2,760 €1,274.51 390 € Between €2,330 and €2,760 €1,356.21 415 € Between €2,760 and €3,190 €1,437.91 465 € Between €3,190 and €3,620 €1,519.61 490 € Between €3,620 and €4,050 €1,601.31 515 € Between €4,050 and €6,000 €1,732.03 530 € €6,000 or more €1,928.10 590 € Choosing your contribution base Due to the reforms made in 2023, as a self-employed worker you are required to report your net monthly income to Social Security and your contributions are based on this amount. Within your income bracket, you can choose whether you prefer to pay the minimum or maximum contribution. According to Tax Scouts, over 80 percent of self-employed workers in Spain choose the minimum contribution base. To choose your base, all you have to do is estimate your income first, and once you have your income bracket, inform Social Security of your chosen contribution base. This can be done through the Importass portal on the Social Security site, but many foreigners in Spain hire a gestor or accountant to handle it for them. You will need your certificado electrónico or Clave to access the Social Security portal. You can head directly to the section on contribution bases and see the contributions you have made up to now here. Which base should I choose? When choosing your contribution base, it is important to bear in mind that if you choose the minimum contribution base for your income bracket, you will pay less each month. However, when you receive benefits (such as sick leave or a pension) the amount you get will be lower. On the other hand, if you choose the maximum, you will pay more each month but you will receive better benefits when you need them. If you are able to generate a lot of money, you may be able to choose a higher contribution base, because that means you will have better benefits in the long run. Another factor to consider is that if your business or sector is unpredictable and income varies greatly from month to month, if you choose a high contribution base, there may be months when you cannot afford to pay your Social Security contributions. Can I change my base? Yes, you can. It's up to you to inform Social Security of your predicted earnings, so they know how much to charge you. You can change this contribution base up to six times per year as your earnings increase and decrease, meaning that you may not always be paying the same amount each month. Self-employed workers in Spain pay some of the highest social security contributions in Europe, however, they also receive some of the greatest benefits. Health care, sick pay, maternity and paternity benefits and pensions are all available to self-employed workers here. This is not the case in many other European countries, who may have to pay extra for health insurance or do not get any maternity or paternity benefits if they're self-employed.
Yahoo
16-07-2025
- Entertainment
- Yahoo
Justin Bieber Owes Scooter Braun Millions of Dollars: ‘Sources'
Justin Bieber and have reportedly moved closer to settling their money dispute. Sources claimed that the pop singer owes his former manager millions of dollars in a massive financial debt, but the two are weeks away from reaching an agreement. Bieber's alleged money troubles began after he cancelled his Justice World Tour in 2022, incurring a large debt of $24 million to AEG. At the time, Braun's company, Hybe, stepped in, paying off the sum and signing a 10-year agreement with the singer, who has since failed to fulfil the repayment. Bieber previously claimed that his team overpaid in commission, but an independent audit found otherwise. TMZ reports that a settlement in the dispute between Justin Bieber and Scooter Braun's financial matters may be imminent. Sources with direct knowledge of the matter told the publication that the former associates will reach an agreement in the coming weeks. The report mentioned that their documentary, 'TMZ Investigates: What Happened to Justin Bieber,' triggered the settlement. The insiders also revealed that Bieber owes his ex-manager $8.6 million in commissions. The documentary alleged that the duo's friendship collapsed after the Grammy winner accused Braun of financial deception. However, recent findings, including an independent audit by PricewaterhouseCoopers (PwC), sided with the latter. According to the PxC audit, Bieber owed him millions of dollars in debt, contrary to his claims of overpaying in commissions. The record executive had initially waived off the amount but has since changed his mind. It appears Scooter Braun's company now wants Justin Bieber to repay the money. These claims surfaced weeks after his wife Hailey Bieber secured a $1 billion deal for her beauty brand, Rhode. Moreover, the 31-year-old musician has agreed and assured that he will follow through on the deal. TMZ further disclosed that Braun has sought a $11 million payback in various commissions, something Bieber has owed for years. The publication mentioned that a settlement between the two parties is imminent and could happen as early as next week. The post Justin Bieber Owes Scooter Braun Millions of Dollars: 'Sources' appeared first on Reality Tea.
CTV News
15-07-2025
- Politics
- CTV News
‘Everyone is doing something different': Lethbridge officials concerned about new election legislation
A municipal vote is less than 100 days away, and the City of Lethbridge continues to tweak its election process after the province introduced changes to the Local Authorities Election Act, or Bill 20, last year. A municipal vote is less than 100 days away, and the City of Lethbridge continues to tweak its election process after the province introduced changes to the Local Authorities Election Act, or Bill 20, last year. The province says the changes are to increase voter confidence, but Bonnie Hilford, Lethbridge city clerk and returning officer, says it has caused challenges. 'The recent legislation changes were very significant,' said Hilford. 'There was a lot of competing legislation, and we didn't know how to proceed with the legislation.' 'We contacted other municipalities; they had the same problem, and so it seemed that everybody was doing something different, and that concerned us.' The city contracted PricewaterhouseCoopers (PwC) to examine Bill 20 and return to city council with recommendations, key challenges and information to identify gaps, potential risks, vulnerabilities and inefficiencies with the election process. 'The legislation said, for at-large election systems, which we are, that the ballots would stay at those facilities, and we were concerned that they would be locked in a closet and not secure,' said Hilford. 'We wanted them here at city hall in our secure vault, so we decided that we would move them.' The changes to Bill 20 include the removal of electronic tabulators to count ballots. Election staff will count each ballot by hand, with five separate ballots. David Sarsfield, deputy city clerk with the City of Lethbridge, told city council Tuesday that it's expected more than 600 volunteers and staff will be needed for the election process, compared to 238 in 2021. Hilford told council that the city has been able to cut down the time it takes to count ballots by hand. She originally estimated to have all ballots counted in four days; she now hopes to have the mayoral ballots counted by Monday night, with unofficial results available by Wednesday afternoon—two days after the polls close. 'We're doing 20 teams; there will be four people in a team, and they'd run consecutively, counting all of the ballots,' said Hilford. 'We figure we have about 100,000 ballots to count.' The last time the city counted ballots by hand was in 1989. Since then, Hilford says the city has not had to recount ballots when using electronic tabulators. Bill 20 now includes a voter list, which Hilford says eligible residents will need to register to vote by Aug. 15. Anyone that misses that deadline can still register in person when they vote but must have the proper ID and documentation. The increase in work will result in a price increase of $323,000 for the city. The province has told city council it will not cover any of that increase. To reduce cost, this election will have three super stations for voting during nine days rather than 14 smaller stations. Other challenges raised in the PwC report include lack of clarity on acceptable voter ID, counting process risks, lack of clarity regarding use of counting centres, lack of standardized acceptable markings on ballots and failure to complete count before the Oct. 24 deadline. While the process is still being finalized, Hilford says the audit has brought comfort as election day approaches. 'We feel good now that we can proceed with making decisions, ordering supplies, and that we'll have a good-quality election with sound results that won't be contested,' said Hilford. Election day is set for Oct. 20. More information on the municipal election, including a list of candidates, how to register to vote and important dates, can be found on the city's website.
Globe and Mail
15-07-2025
- Business
- Globe and Mail
Talisker Announces Results of Annual General Meeting of Shareholders
TORONTO, July 15, 2025 (GLOBE NEWSWIRE) -- Talisker Resources Ltd. (' Talisker ' or the ' Company ') (TSX:TSK | OTCQX:TSKFF) is pleased to announce the results of its annual general meeting of shareholders (the 'Meeting') held earlier today. A total of 40,348,552 common shares of the Company were represented at the Meeting, representing approximately 35% of the total number of common shares of the Company issued and outstanding. All matters presented for approval at the Meeting were duly authorized and approved including: election of all six management nominees to the board of directors of the Company and the appointment of PricewaterhouseCoopers LLP as auditors of the Company for the ensuing year and authorization of the directors to fix their remuneration. Detailed voting results regarding the election of directors are as follows: Name Voted For # Voted For % Voted Withhold # Voted Withhold % Stephen Burleton 36,226,400 99.623 137,187 0.377 Christina Hadath 36,224,180 99.617 139,407 0.383 Terence Harbort 36,226,400 99.623 137,187 0.377 Robert Power 36,224,180 99.617 139,407 0.383 Morris Prychidny 36,226,400 99.623 137,187 0.377 Eric Tremblay 36,226,400 99.623 137,187 0.377 For further information, please contact: Terry Harbort President and CEO +1 416 357 0227 About Talisker Resources Ltd. Talisker ( is a junior resource company involved in the exploration and development of gold projects in British Columbia, Canada. Talisker's flagship asset is the high-grade, fully permitted Bralorne Gold Project where the Company is currently transitioning into underground production at the Mustang Mine. Talisker projects also include the Ladner Gold Project, an advanced stage project with significant exploration potential from an historical high-grade producing gold mine and the Spences Bridge Project where the Company holds ~85% of the emerging Spences Bridge Gold Belt, and several other early-stage Greenfields projects.
