2021 Midyear Sales Tax Changes: Highlights and Insights
Keeping a finger on the pulse of relevant tax changes is one of the key responsibilities of accounting and finance professionals, and it’s a big job. During the first half of 2021, there were the requisite sales tax rate changes, as always, but there were also several...
Managed Services for Accounting/Finance Technology Platforms
The United States is home to some of the world’s largest accounting firms, but it’s also home to a sizable number of smaller firms, most of which are regarded as small businesses. Many of these small firms can’t compete with the technological innovations of larger...
Record-to-Report: All You Need to Know
Data is gold. Businesses thrive on the power of numbers because data helps managers and business owners to know what works, how it works, and ways to improve. However, raw data serves a limited purpose. To become useful, data has to be refined into usable...
Outsourced Accounting vs. Staffing: Everything You Need to Know
Today’s businesses are facing growing challenges as they seek to comply with government regulations and meet the public’s demand for greater transparency. As a result, many businesses find themselves juggling accounting, tax preparation, internal auditing, and risk...
About the Public Company Accounting Oversight Board (PCAOB)
The Public Company Accounting Oversight Board (PCAOB) is a nonprofit company created by the Sarbanes-Oxley Act (SOX) of 2002, signed into law by President Bush. The SOX introduced far-reaching reforms into the American business space. It’s primary objective is to...
Financial Management System vs. Enterprise Resource Planning
Technology has always been an aid to business. Today’s advanced technologies can help businesses to manage inventory, monitor finances, and manage their personnel. In this article, we’ll focus on two critical pieces of technology: The financial management system...
A Guide to Family Office Structure
Money management is important for any family, but for families with an extremely high net worth, managing financial assets is a job unto itself. Recent years have seen the emergence of the “family office,” an organizational scheme that aims to help...
Accounting Standards Updates (ASU) for 2021
There are various accounting standards employed in the United States. These standards are upheld and enforced by various agencies and government parastatals. Keeping all of the information relating to these agencies in line can be daunting in most cases. The knowledge...
Accounting and CPA Compensation Trends
The value of any job depends on a number of factors, but salary is often one of the primary considerations. In an age where the demand for accountants is greater than the supply, it’s important for companies to offer competitive salaries to hire and retain qualified...
The Growing Shortage of Accountants and CPAs
The accounting, CPA, and corporate finance industry is facing an accountant shortage. While the job market has been growing steadily since the recession of the 2000s, many accounting departments and CPA firms have struggled to find qualified talent to fill their...
The Top Accounting Academic Programs in the U.S.
With a growing accountant shortage, it’s more important than ever before to direct young adults to a career in accounting. This career might offer a great deal of stability in an increasingly unstable job market. What does it take to become an accountant? Accounting...
2020 Controller of the Year Awards: Keys to Career Success
Winners of the first annual 2020 Controller of the Year Awards have been selected after a nomination period and judging process that began in January of this year. The awards program was available to Corporate Controllers and related titles that have controller...
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