Friday, October 1, 2021

Accounting firm PwC allows US employees to work remotely | TheHill

Accounting firm PwC allows US employees to work remotely | TheHill

Accounting firm PwC told Reuters in an interview Thursday that thousands of its U.S. employees will be able to work remotely.

"We have learned a ton through the pandemic, and working virtually, as we think about the evolution of flexibility, is a natural next step," Yolanda Seals-Coffield, deputy people leader for PwC, told Reuters.

Publisher: TheHill
Date: 2021-09-30T20:47:08-04:00
Author: Caroline Vakil
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Legislative report questions ECUA's accounting, rates and expenses

Rep. Alex Andrade, R-Pensacola, sent a letter co-signed by Sen. Doug Broxson, R-Gulf Breeze, and Rep. Michelle Salzman, R-Pensacola, to the ECUA Board on Tuesday asking to address recent findings by the Office of Public Counsel.

The Office of Public Counsel's report found that ECUA has classified several expenses as capital improvements that should be classified as operational expenses such as consultant fees, maintenance costs and repairs.

Publisher: Pensacola News Journal
Author: Jim Little
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How to Use Wave Accounting for Small Businesses

Wave offers free accounting software for small businesses looking to manage their financial services on the go. Its features are extensive, including income and expense tracking, invoicing, and automatic payments.

This article will explore how to navigate and use the Wave accounting software to manage accounting information for your business effectively.

Publisher: MUO
Date: 2021-10-01T13:30:21Z
Twitter: @MUO_official
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What Is Financial Accounting? - business.com

Financial accounting is the documentation of your firm's finances using various reports and statements. These statements detail your company's income, expenses, assets and liabilities. Managers and shareholders often use this information to make decisions about your business and its operations.

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Publisher: business.com
Twitter: @businessdotcom
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BaCo Tech Is the Time Machine the Public Accounting Industry Has Been Looking For | Business |

The problem is a small business may experience an event with significant tax consequences, and CPAs don't realize it's happened until the return is being prepared the following year.

The industry is hungry for more efficient, effective tools.

"As a CPA, I spent my 'busy' season fixing and formatting static balances in Microsoft Excel to integrate with the various tax/accounting software we used. None of this time added any value to my customers. With BaCo Tech, I can spend that time tax planning for clients to prepare for the next

Publisher: The Daily News
Twitter: @GalvNews
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Value Reporting Foundation weighs materiality questions for ESG reporting | Accounting Today

The Value Reporting Foundation, the group formed by the recent merger of the Sustainability Accounting Standards Board and the International Integrated Reporting Council, is mulling changes in how it uses the term "materiality" to avoid legal and regulatory conflicts for companies disclosing

Publisher: Accounting Today
Date: 2021-10-01T21:16:08.65
Author: https www accountingtoday com author michael cohn
Twitter: @AccountingToday
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China publishes draft rules on accounting of asset management products | WTVB | 1590 AM · 95.5 FM

SHANGHAI (Reuters) – China's finance ministry on Thursday published draft rules on the accounting of asset management products.

China has been urging asset managers to issue products based on net asset value (NAV) that promptly reflect changes in market prices, as part of efforts to crack down on opaque shadow banking businesses.

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Publisher: WTVB | 1590 AM · 95.5 FM | The Voice of Branch County
Author: Syndicated Content
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Grant Thornton sees revenue rise to $1.97B | Accounting Today

Grant Thornton reported Thursday that its U.S. member firm reached record revenues of $1.97 billion for the fiscal year ended July 31, 2021.

Revenue from advisory services made up 39% of fees, accounting and auditing fees comprised 35%, and tax services accounted for 26% of revenue.

Publisher: Accounting Today
Date: 2021-10-01T15:06:42.478
Author: https www accountingtoday com author michael cohn
Twitter: @AccountingToday
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Private equity and you: Is it worth the pain? | Accounting Today

Midsized to large CPA firms may be considering a private equity transaction as growth and wealth creation vehicle, but there is much to be considered beforehand.

Going through private equity due diligence, you should be prepared for a deep dive. With some variety by size of deal, generally, the process will focus on these areas:

Publisher: Accounting Today
Date: 2021-10-01T14:31:49.527
Author: https www accountingtoday com author dom esposito
Twitter: @AccountingToday
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