Business software provider Xero announced the early U.K. release of its new Xero Go app, which aims to provide small business owners, freelancers and other self-employed individuals access to entry-level accounting solutions. The new app will allow people to record expenses via the Quickscan feature, which extracts expense information from
CPAs should use these strategies to build value creation, a vital element of success, into their daily routines. You may not think of it this way, but you spend a lot of time evaluating the value of items and services. Whether you shop at traditional brick-and-mortar retail stores or online,
The Institute of Internal Auditors unveiled new research during its annual international conference in Chicago this week pointing to changes in the internal audit profession worldwide. The report collected feedback from 3,600 internal audit professionals representing 159 international locations and found regional differences within a diverse profession involved in traditional
Partnerships in the accounting profession are a hot topic these days, given the rise of new and improved applications, there are more opportunities for accountants to work with these companies to help them educate other professionals, too. A large number of these programs also offer a partner program. Affiliate partner programs,
The Federal Bureau of Investigation is warning people to make sure their cryptocurrency trading app is legitimate, because over the past year it is believed 277 people have lost $42.7 million to fake ones designed by scammers. Sometimes these apps appear to come from legitimate financial institutions, such was the
Today’s CPAs must reach beyond technical training to protect their relevance and position themselves for long-term career success as client and company demands change. It’s no secret that effective technical training is the basis for a CPA’s success. Most public accounting firms and public and private companies, regardless of size,
Grant Thornton U.K. LLP has been fined approximately $1.32 million pounds, or about $1.58 million, for its audits of Sports Direct International, a British sportswear retailer, by the U.K.’s Financial Reporting Council. The FRC imposed severe reprimands and fines Monday against the firm as well as a former partner, Philip
Labor shortages began before the pandemic, and accelerated once it started, which has led firms to consider their options for meeting client demand. Generally, two common solutions had been automation and outsourcing, but changing economics has led to new models that demand integration between the two. As time has gone
One of the relatively recent deduction limitation rules we find of interest to tax planners is Section 163(j)’s rules now limiting business interest deductions. Our topic is not crediting foreign taxes, but one of the concepts there deals with whether the foreign tax is an income tax. (See T.D. 9959,
“Retirement planning” sounds like industry jargon. The term is used so often, clients tend to tune you out. Try repositioning the goal as financial independence. When clients think of retirement planning, it’s often in terms of something that happens at age 65 or 70. They go onto Medicare. They collect
