Tuesday, May 31, 2022

Accounting and audit tech update: Sage, IRIS and more…

(May 11) Accounting tech firm Sage announced a new programme of digital tools designed to help accountants and bookkeepers understand the impact of Making Tax Digital.

(May 11) Tax Systems announced its implementation of HMRC-recommended prompts into its cloud-based AlphaVAT digital tax platform. This will allow customers to improve the accuracy of VAT submissions and payments, the firm said.

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Publisher: Accountancy Age
Date: 2022-05-31T09:10:57 00:00
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Art of Accounting: Scarcity of Black accountants | Accounting Today

Last week I read that a Black accountant was appointed as managing partner of a Top 50 CPA firm, and another was chosen as chairperson of the AICPA Private Companies Practice Section executive committee.

To begin, Steven Harris was chosen as the managing partner of RubinBrown. He started his career there and worked his way to the top. Regardless of his race, I find this an extraordinary accomplishment. However, being Black makes what he did even more remarkable.

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Publisher: Accounting Today
Date: 2022-05-30T15:46:00
Author: https www accountingtoday com author edward mendlowitz
Twitter: @AccountingToday
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Plans to relax accounting rules for small UK firms 'risks rise in economic crime' | Business | The ...

Critics say proposals 'an own goal' for government in combating money laundering, tax evasion and fraud

The government has been accused of watering down efforts to combat economic crime after putting forward proposals that could reduce transparency around small company accounts.

Publisher: the Guardian
Date: 2022-05-30T23:01:01.000Z
Author: https www theguardian com profile kalyeena makortoff
Twitter: @guardian
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FASB to explore rules on accounting for ESG credits - Journal of Accountancy

FASB added the project to its technical agenda at Wednesday's meeting. The project would monitor the recognition, measurement, presentation, and disclosure requirements for participants in compliance and voluntary programs that result in the creation of environmental credits, including:

Publisher: Journal of Accountancy
Date: 2022-05-27T16:22:00.000-04:00
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R&D Deduction Rules Need Clarification, Accounting Group Says

The Treasury and IRS should issue regulations to clarify research and development requirements that were changed under the 2017 tax law, the American Institute of CPAs' Tax Executive Committee said in comments released Tuesday.

AICPA said Treasury and IRS should issue regulations on Section 174 (a) expenditures to include direct costs, "including employee compensation, contract labor, and materials, and, at the taxpayer's election, allocable indirect and overhead costs," as well as explain in detail which costs are ...

Twitter: @tax
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CFOs more involved in corporate strategy, digitisation than accounting & auditing: Study | ...
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Publisher: Financialexpress
Date: 2022-05-31T16:50:28 05:30
Author: PTI
Twitter: @Financialexpress
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This Boston-Based Accounting Firm Now Accepts Crypto-Payments Including $SHIB, $DOGE  - The Coin ...
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Publisher: The Coin Republic: Cryptocurrency , Bitcoin, Ethereum & Blockchain News
Date: 2022-05-29T09:30:00-04:00
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Removing friction from the buying process | Accounting Today

It reminds me of my recent experience with Tesla. I love cutting-edge technology. I've been a longtime Tesla owner, and now it's time to get a new electric car. As many know, Tesla doesn't have dealerships or showrooms.

When you're the only game in town — and everybody wants you — I guess you can get away with this kind of customer hubris. But if you're in the market for an electric car these days, you have plenty of other options.

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Publisher: Accounting Today
Date: 2022-05-31T15:12:20.246
Author: https www accountingtoday com author kyle walters
Twitter: @AccountingToday
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Southall Accountants Marks Fifth Year Of Excellent Accounting Services - Digital Journal

City Tax London and Jay Verma are pleased to announce that the Southall accountants firm has shown steady growth in the number of clients during the past five years.

In the area of personal taxes, self-assessment regimes are growing in complexity. The City Tax London team can help remove the stress from the preparation and filing of annual tax returns. The professionals aim to help families and individuals preserve and grow their wealth.

Publisher: Digital Journal
Date: Est. reading time
Twitter: @digitaljournal
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System Unknown NFT Collection


#NFT #ETH #nftgiveaways #nftcommunity #Giveaways #NFTPromotion #ART

https://opensea.io/collection/systemunknown

Check out the System Unknown artwork. Click here.



Earth is nice. We want it.





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