When the pandemic hit, accounting firms were already feeling the pressure to provide new services to their existing clients, and the industry was moving to automate more work surrounding compliance and tax returns through artificial intelligence.
Enter the pandemic, and it became even harder to network and acquire new clients. Considering these factors, firms are increasingly experiencing a shift, whereby the bulk of their business is no longer only focused on delivering insight to help clients stay in compliance with tax regulations. As a result, accounting firms must focus on building and nurturing relationships more than ever before.
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Criticizing Government Accounting - The CPA Journal
The Black article is a scholarly summary of the long history of government GAAP and an explanation of the rationale for several differences from commercial GAAP. Accordingly, I believe the article would make a useful training tool for young staff. Black’s criticism of modified accrual basis reporting and his implied support for probable future improvements to the current model that he characterizes as "not major" follow:
GASB recognizes that the governmental fund reporting model was built on accounting conventions developed over the past 120 years that are conceptually inconsistent, and is attempting to eliminate that conceptual inconsistency.
Why it is Essential for Technology to Power Your Company's Accounting
A tech-powered accounting solution means the use of information technology to optimize the basic business processes. It can be achieved through integrated software solutions which could be set up by the company itself, via the software as a service (SaaS) approach, or other cloud-based approach.
Without the use of accounting technology in your China operations today, your organization will remain reliant on the in-house accounting team or service vendor to maintain its tax compliance. This may be an inefficiency that your organization can no longer afford to sustain operationally or financially, depending on the nature of your local business.
The Sustainability Accounting Standards Board (SASB) selects SDL to provide the scalable content
SDL, part of RWS Holdings plc, today announces that the Sustainability Accounting Standards Board (SASB) has chosen Tridion to power its digital transformation as part of its efforts to facilitate the global growth and adoption of its environmental, social and governance (ESG) disclosure standards.
Currently SASB publishes its Standards and supporting guidance in English and is in the process of translating these materials into four additional languages. With growing worldwide demand for its services, SASB turned to Tridion, the industry's leading component-based content management system, to transform the way it organizes, manages and publishes content and information to the public. The organization also seeks to expand translations into four additional languages over the next two
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The 10 Bookkeepers and Accountants to Watch in 2021
New York, New York, March 02, 2021 (GLOBE NEWSWIRE) -- As a business owner, we can often find ourselves wearing a lot of hats in the business - often, trying to do it all. Perhaps the most difficult, confusing and annoying role we can play in our own businesses, is being our own accountant or bookkeeper. It takes a lot of knowledge and skill to be proficient in this area, and to put it simply, most of us don't have the acumen to do so.
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Diana Todd is the business accountant who cures tax anxiety and ensures her clients feel seen, heard, understood, and in control of their business money.
Top Five Cloud Accounting Software Solutions | Miami's Community News
Cloud accounting solutions are a tool that could save time and reduce stress for many mid-size business owners in Miami. With office locations off the table for the time being, the old days of single location spreadsheets are most likely behind us. And now with a startup surge in full flow, the new, younger crowd of executives joining the city are tech savvy and fully prepared to embrace the cloud.
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Cloud accounting softwares offer instantaneous, transparent access to a business' financial information. And here's the real gem: the data can be accessed from any location. That could mean more time stretching out on the beach, practicing the golf swing, or focusing on the most stimulating areas of the business.
Accounting firm rebrands – Long Island Business News
Massapequa-based Perlson, a tax and accounting firm, has announced a rebrand and website refresh as part of its growth strategy as it seeks to expand its client base and attract new employees.
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The rebrand includes a new logo and website, which now features an "Insights" section that focuses on tax and accounting news and trends.
Now Perlson is embarking on "a new chapter," Michael Deo, the firm's managing partner, said in a statement.
The Role of Accounting and Auditing in Addressing Climate Change - Center for American Progress
Floodwaters cover a roadway near structures damaged by Hurricane Laura on October 10, 2020, in Cameron, Louisiana.
Robust disclosure by companies of the climate-related risks associated with their business, including their emissions, helps reduce the cost of capital needed to fund their own plans, whether they are leaders in the transformation or just trying to ensure their businesses and products remain relevant and viable in the future. Disclosure also facilitates efficient allocation of capital to companies that are best positioned to transition to low-carbon business models.
Happening on Twitter
If Rachel Dolezal began receiving black scholarships and taking away opportunities from *actually black* students,… https://t.co/xTTsYUWSON RealCandaceO (from New York, USA) Mon Mar 01 19:06:47 +0000 2021
Today, the Supreme Court will hear a crucial voting rights case. Arizona's attorney general and its Republican Par… https://t.co/9Z1hm4R1Rx ACLU (from 50 states, DC, & Puerto Rico) Tue Mar 02 13:57:01 +0000 2021
I wrote the exact same sentiment that Dale Steyn shares here after I witnessed it myself at PSL3 PSL is about crea… https://t.co/cqJevGBTDF DennisCricket_ (from Shastri's facemask) Tue Mar 02 08:26:35 +0000 2021
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