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KPMG To Shutter UK Small Business Accounting Unit

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Corporate accounting and auditing firm KPMG is shuttering its small business services unit, reports in The Business Desk said Thursday (Feb. According to the publication, KPMG’s Small Business Accounting (SBA) service, which launched in 2014, will be closed in the U.K.

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Accountants May Be Bucking The Innovation-Averse Trend

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The future of the corporate accountant is in flux. FinTechs are developing ways to automate accounting tasks, forcing human accountants to provide more strategic, value-added services. That doesn’t mean corporate accountants are jumping ship, however.

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Aussie Accountants Brace For Industry Disruption

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Australia’s Institute of Public Accountants (IPA) is urging its members to “future-proof” their businesses as the industry heads toward disruption. Further, industry trends have led the traditional accountant model to become “obsolete,” reports said, meaning accountants have to embrace the more strategic role of advisor. “By

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Data Hurdles Keep Accountants From Elevating Their Role

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This challenge exists for professionals across the back office, but in business accounting, the lack of data integration and accuracy mean finance experts are spending valuable time correcting information and moving numbers from one platform to another. ” Supporting an Accounting Shift.

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ScaleFactor Launches Android App For Real-Time Accounting

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Corporate accounting platform ScaleFactor is rolling out its Android app for business professionals to gain real-time visibility into company finances. The company is introducing its Android app to link small business owners to ScaleFactor Business via their mobile devices, the firm said in a press release Thursday (Feb.

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Accountants’ Technology Budgets Running Dry

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A new survey from K2E Canada suggests small business accountants understand that technological disruption is a major challenge, yet few are addressing the issue. The survey found that only 33 percent of sole practitioners and 26 percent of small accounting firms have updated their tax software in the last five years.

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Corporate Finance’s Interest In AI Doesn’t Lead To Adoption: Oracle

PYMNTS

However, the technology isn’t reserved for only the largest players in the markets: Small businesses (SMBs) and their accountants have emerged as key proponents of the tool, especially as anxieties wane over the possibility that AI could replace the need for human bookkeepers. ”