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By Katelyn Washington, Kiplinger Consumer News Service (TNS) Given the economy, many people are looking to save money where they can. Reducing taxes is one way to cut costs, and sometimes moving from a high-tax state to a low-tax state can eliminate thousands of dollars in expenses year after year. After all, if $3,729 of your annual salary goes to state income tax, moving to a state that doesn’t tax income could potentially save you nearly $75,000 over 20 years.
While most of us were sleeping, PwC Australia was starting its Monday minus one CEO. Tom Seymour has stepped down following a board of partners discussion after it was revealed last week he was one of several partners who received confidential government intel that was then used to advise clients on tax matters. “We have agreed with Tom that it is in the best interests of the firm and our stakeholders,” said PwC in a statement.
Shortly after Fortune released its ranking of the 100 best companies to work for in 2023, which included a smattering of public accounting firms , the business magazine came out with its inaugural ranking of the best online master’s degree programs in accounting. “Accounting is an essential component of any business today, and an online master’s degree program in accounting could ready graduates for CPA licensure or unlock job opportunities for those accountants seeking to boost their careers,”
In the climb from contributor to leader, the rules quietly change. But if you’re aiming for the summit, the air gets thinner, and what got you here won’t be enough to get you to the top. 🗻 What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.
By Langley Barth. A hotly debated topic in the accounting profession right now is the difference between hosted and cloud native software, and which works best for your firm. I want to take this opportunity to debunk a few myths regarding the topic and take the cloudiness out of the cloud. Myth: You can work anywhere with hosted or cloud native Truth: You can only truly work from anywhere with c
There are three documents that public companies must file quarterly: the balance sheet, the cash flow statement, and the profit and loss statement. Although private companies aren’t required to submit these forms, they are still recommended to provide a good snapshot of current conditions for business owners to always be aware of the health of their business.
There are three documents that public companies must file quarterly: the balance sheet, the cash flow statement, and the profit and loss statement. Although private companies aren’t required to submit these forms, they are still recommended to provide a good snapshot of current conditions for business owners to always be aware of the health of their business.
As businesses react to an economy that has prompted fears of recession alongside a still-short supply of skilled workers and a quits rate that remains historically high, some firms are embracing the traditional path of cutting jobs. It’s understandable that some firms need to make budget cuts this year, yet 61 percent of finance executives in a CFO.com survey say their cuts will include hiring or retention investments.
Learn the fundamentals of the New Markets Tax Credit incentive, including the background and context, roles of significant players, and typical transaction structures. With a focus on understanding the common and unique goals of Community Development Entities, course participants will leave understanding what type of project is ideal for NMTC. Course leaders each come from a different background in the NMTC industry, and their diverse perspectives offer additional insight into explaining the ove
Revenue vs profit is perhaps the biggest distinction to make when reviewing financial metrics for any company, regardless of the type of business or industry. You need to know your revenue and profit figures to track performance properly, forecast accurately, and lead your company. Yet revenue vs profit is often used interchangeably, which means some may need some clarity around the two terms.
The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.
We recently sat down with Sonia Connon, a New Zealand-based bookkeeping business owner and Reckon advisor to chat about her experience in starting up her business ‘Office Assistants’, some common concerns her clients are facing, and what she’s learned along the way. Hi Sonia, could you tell us a little about what you get up to in a usual week? Yes, so apart from running my business, I have a 10-acre property here outside of Auckland and I’m kept pretty busy raising Suffolk sheep, growing veggies
The Institute of Internal Auditors (IIA) – the internal audit profession’s leader in standards, certifications, education, research, and technical guidance worldwide – today shared a legislative proposal with Congress designed to promote stronger corporate governance, greater transparency and accountability, and enhanced investor protections at cryptocurrency exchanges operating in the United States.
Hi! Happy Monday. Here’s some news to get the week started. We’ll be writing this up later but you might as well read about it now, PwC Australia CEO Tom Seymour has stepped down from his post. Financial Times : The head of PwC in Australia has resigned as chief executive three days after admitting that he had received emails regarding confidential government information on changes to tax avoidance laws to win new business.
Divorces between older couples who have been married a long time are sometimes referred to as “gray divorces.” Sources say that while divorce rates overall have been dropping in the United States over the last 20 years, among those age 50 and above, it has been growing.
Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.
By Tim Fernholz, Quartz (TNS) An anonymous whistleblower who helped the Securities and Exchange Commission catch a mysterious bad actor was paid $279 million dollars as a reward for their assistance. Under the Dodd-Frank financial reform law, whistleblowers who help the agency enforce its rules are entitled to between 10% and 30% of financial penalties over $1 million paid by the wrong-doer.
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