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

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More than three-quarters of accountants surveyed by BlackLine last year said they believed AI would play a “significant” role in corporate accounting.

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Aussie Accountants Brace For Industry Disruption

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“The tide is definitely rising, and those accountants that take action and future-proof their businesses now will be [the] winning practices of tomorrow.”. Australia has one of the most robust small business accounting markets in the world, with industry players like Xero (based in New Zealand) and MYOB leading FinTechs in the market.

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Data Hurdles Keep Accountants From Elevating Their Role

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. “Small businesses in particular need cash flow forecasting, financial resiliency planning, advice on payment scheduling as well as consulting on applying for available government help. ” Supporting an Accounting Shift. All of these things require reliable data in real time.”

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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.

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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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