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Almost three quarters of accountancy firms’ websites (72%) do not stand out positively from the competition, according to new research from Moneypenny and specialist marketing agency PracticeWeb. In a study of 50 accountancy websites belonging to large top tier, mid-sized and boutique accountancy firms, Moneypenny and PracticeWeb set out to understand the quality of the digital customer experience and where website improvements are required regarding findability, branding, the user experience
So the firms are up against the Australian Senate this week, answering uncomfortable questions about their inner workings all because one PwC partner couldn’t keep his mouth shut and blabbed confidential government tax intel back to the firm so PwC could make some money off of it. While that situation continues to destroy PwC’s reputation like a wrecking ball made out of solid gold dicks, it has also called into question the consulting industry’s grip on governments hence why t
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Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. While you’re here, subscribe to our newsletter to get the week’s top stories in your inbox every Tuesday and Friday. See ya. The Office Ernst & Young out of Triad market after closing Winston-Salem office [ Triad Business Journal ] The Triad now has offices for only two of the Big Four global accounting firms.
It's hard to go a day without reading something in the news about the state of the economy. Whether it's interest rates rising or the cost of living, there's no getting around the fact that in 2023 there are many doing it more demanding than a few years ago. But while there are some economic challenges for individuals and businesses, it's important not to go too far down the rabbit hole.
It's hard to go a day without reading something in the news about the state of the economy. Whether it's interest rates rising or the cost of living, there's no getting around the fact that in 2023 there are many doing it more demanding than a few years ago. But while there are some economic challenges for individuals and businesses, it's important not to go too far down the rabbit hole.
Over the last few decades, the technology industry has been booming with new technology startups. Many of these startups are set up as pass-through entities (PTEs), which provide an easy conduit for one layer of flow-through taxation and often retain favorable exit opportunities from a tax perspective. As these startups grow and take on investors, it’s important that financial managers understand the state tax ramifications of growth.
Today, finance teams are faced with increasing pressure to protect financial data from cyberattacks and comply with evolving regulations. However, many businesses are still using outdated financial management tools and processes that create unnecessary risks. In this episode of Cherry Bekaert’s Digital Journeys podcast series, John Bartz , Strategic Alliances Director for Cherry Bekaert, and David Appel , Head of the SaaS Vertical for Sage, will discuss how to better protect financial data by
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.
A chart of accounts is the structural framework for any business accounting system. It is analogous to a filing system. If you wanted to, you could dump all your documents into one giant file in your filing cabinet (or a file folder on your computer). Of course, if you did do it this way, you would likely have a hard time locating your documents. Alternatively, you could create a series of folders, based on an organization system that makes sense for you and your business.
Menzies LLP - A leading chartered accountancy firm. Groups that file annual Country by County Reporting (“CBCR”) returns or notifications should expect a letter from HMRC outlining an introduction to the new OECD Pillar 2 rules. What does this mean and how can businesses get ready? RECAP ON OECD PILLAR 2 The UK’s adoption of the OECD Pillar 2 rules, the Multinational Top-up Tax (MTT) and Domestic Top-up Tax (DTT), will apply to companies with accounting periods beginning on or after 31 December
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Menzies LLP - A leading chartered accountancy firm. HMRC receives a vast amount of information from tax authorities around the world and then uses its supercomputer, Connect, to process that information and identify who to target with a tax investigation. The information received from HMRC’s global partners are the reason so many enquiry and compliance checks are opened.
Learn how Withum helped a professional services firm leverage AI and automation to streamline their contract management process. Download a PDF of this case study. The Client A professional services firm based in the Northeast, with a strong nation-wide presence with a growing client-base. Background and Challenge The professional services organization received an overwhelming number of signed contracts and needed a way to approve and process them for invoicing.
Great leadership development is the key to sustainable business growth. Are you ready to design an effective program? HR can use Paycor’s framework to: Set achievable goals. Align employee and company needs. Support different learning styles. Empower the next generation of leaders. Invest in your company’s future with a strong leadership development program.
Tax payments for the self-employed or those who declare their income under self-assessment are payable by 31 January and 31 July every year. Taxpayers who cannot pay by those dates have the opportunity to pay via HMRC's 'Time to Pay' scheme whereby HMRC agrees to a payment plan for unpaid tax spread over a longer period than would otherwise be available.
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