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Latest News & Blogs

A selection of the latest accounting news and blog posts.

AC Mole accountancy staff take on muddy run for Taunton charity STAFF from a Taunton-based accountancy firm had no trouble calculating how many miles they had completed during a charity run. A team from chartered accountancy firm AC Mole and Sons raised more than £500 for homeless charity, Arc, when they took part in the 5k South West Tough Madder challenge at Badminton.

It's not just clients, employees expect instant results too This doesn't have to mean young. Trainees come in all ages and packages, and some of the older generations understand tech just as much as the younger ones. Give someone a chance to learn. Mould them into the dream employee you need. Roles and job specs aren't the same as they used to be.

How to identify a successful client Every firm wants more good clients and less bad ones. But what do these actually look like? Jeremy Sidaway reveals what client attributes indicate.

Singapore launches Accountancy Industry Digital Plan In light of the various efforts in helping industries transition towards being digitally ready, the Accountancy Industry Digital Plan was launched on 22 August 2019.

Proposed regs. govern maximum automobile values 1.61-21 and, respectively, to align the limitations on the maximum vehicle fair market values for use of these special valuation rules with recent statutory changes made to the depreciation limitations in Sec. Consistent with the substantial increase in the dollar limitations on depreciation deductions under Sec.

Insolvency: Recognising the warning signs Directors are expected to know that continuing to trade with the knowledge of insolvency can have ramifications for them personally and it is important that they take professional advice from a licenced Insolvency Practitioner or to at least speak with their accountants.

ASB addresses challenges in auditing accounting estimates A proposal issued Thursday by the AICPA Auditing Standards Board is intended to provide auditors with enhanced guidance on auditing accounting estimates. The proposal is intended to address the challenges that auditors face when auditing accounting estimates by providing risk assessment requirements and further audit procedures that:.

How to use artificial intelligence today Nash Riggins explores what’s currently on the market, how it’s shaping the industry and the roadblocks artificial intelligence has yet to overcome.

Poor auditing not just the Big Four's domain Philip Fisher examines the latest Institute disciplinary reports and asks: why do firms bother with audit?It may not always seem like it but this.

Stables Thompson & Briscoe acquires accountancy practice An accountancy firm has announced the acquisition of another practice. Stables Thompson and Briscoe, in Kendal's Lowther Street, has bought J Noel Paul and Co, in Kirkby Stephen. Stables Thompson and Briscoe employs 12 people and has been in existence since the 1930's.

Project accounting in construction business - IFRS 15 accounting - Menzies There are a number of construction businesses that are still failing to meet some of the key requirements of long-term project accounting and this lack of understanding can place the business at serious financial risk, potentially leading to business failure and/or wrongful trading.

Offshore UK property ownership checks - Offshore advisory - Menzies Are you an overseas owner of UK properties? HMRC are contacting tenants and owners of properties owned offshore to check tax status.

VAT and the upside of Brexit In this sponsored article, Bloomsmith - a VAT bridging loan provider for commercial properties explain how there could be some VAT-related upsides to Brexit.

How to sell your business in style There's no one route to selling your business, but there are actionable steps that will help you set up robust financial systems to get the best deal. Not having good, detailed management information is a common mistake for owners who are aiming to sell up.

Huddersfield accountancy firm hosts summer tennis event A Huddersfield-based accountancy practice will host a tennis event for the local business community at Huddersfield Lawn Tennis and Squash Club on 30th August 2019. Crowther Chartered Accountants will welcome more than 44 local professionals to enjoy a full day of sport, networking and refreshments.

Circular economy: Is the linear food system ripe for disruption? Wake up and smell the Circular Economy! In his latest column Yogesh Patel argue.

In focus: Payroll In this Q&A, Tom Hammond, vice president, Corporate Strategy and Product Management for Paychex Inc., discusses common payroll considerations for CPA firms. What should a CPA firm look for from a payroll partner?

Accountancy firm takes on seven new graduates The new intake will work across all of the firm's offices, with two trainees based in Dundee, Forfar and Glenrothes respectively and one in Cupar. The investment in trainees will support the further expansion of the firm which has seen its turnover grow by almost 95% over five years to £7.5 million.

How I learned to stop worrying and love networking If you’d told me 10 years ago that I’d gladly pay to spend a weekend networking in a field, I would have laughed at you. Last month though, that.

The Secret Contractor - A Guide To Managing Clients Here are some tips on keeping everybody happy, including yourself. A sole trader commissioning you will have very different pressures on them to someone in a highly political corporate setting. There may be unique sign-off procedures or budgeting factors to consider.

Mining crypto - a free lunch? Etoro explain whether cryptoassets acquired are likely to be considered taxable by HMRC and provide a handy crypto tax calculator tool too.

Tips for overcoming workplace dysfunction Accounting Business Business Disciplines CPA AICPA Finance Management Tax Technology 563247 Journal of Accountancy Podcast » Tips for overcoming workplace dysfunction MP3•Episode home and bullet;Series home and bullet;Public Feed By Journal of Accountancy.

Interpreting Financial Data - FD Advice - Menzies Phil Wright explains how FDs and financial controllers can maximise the potential of their financial data to make better business decisions.

Hosted accountancy software firm iNSYNQ offers ransomware post-mortem Inside the incident response to a MegaCortex attack. Cloud desktop and hosting provider iNSYNQ has offered a post-mortem on a ransomware attack that left accountants and small businesses temporarily unable to access accounting data and other files for several days last month.

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