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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. will remain unaffected.

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Number Of Corporate Accounting Errors Unexpectedly Climbs

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For many, the mistakes were discovered when corporate finance teams were changing accounting paperwork to comply with the new U.S. tax law and revenue accounting rules. Camping World Holdings, for example, had to file a restatement after it incorrectly recorded a deferred tax asset related to its acquisition of a 41.7

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Pulling Back The Curtain On Corporate Finance Reports

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Corporate accounting standards are changing, with the Financial Accounting Standards Board adopting new standards in ways companies report on leases, hedging and other financial activity. ” Meanwhile, previous research from Audit Analytics has also revealed that the number of accounting errors among the U.S.’s

Finance 55
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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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FinTech Targets The Cash Flow Needs Of CPAs

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Hall added that CPAs and accounting firms are increasingly accepting cards (and the fees they come with) to avoid the collections process and mitigate the risk of delayed or nonpayment. The role of the corporate and small business accountant is changing. Changing CPA Roles.

cpas 60
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Corporate Investors Irked By Lease Accounting Changes

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The publication reported Thursday (May 2) that the International Financial Reporting Standards will apply to organizations across 140 countries, shifting the way businesses account for their leases in financial statements.

Account 49
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When Artificial Intelligence Meets Human Intelligence In SMB Accounting

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Indeed, small businesses say they are actually demanding more from their accountants and bookkeepers than ever before. In addition to the standard numbers-crunching and tax filing, accountants are expected to serve as strategic advisors to small business clients. I’m a strong believer in that.