Supporting small business recovery with the launch of Xero’s Small Business Index

Posted on May 6, 2021May 22, 2021Categories Small business

Today, in conjunction with Accenture, Xero launched a new Small Business Index providing a single composite figure that indicates how small businesses are faring across Australia, New Zealand and the UK. The index is based on the four key measures of jobs, sales, time to be paid and wages and shows performance changes in the short and long term across the three countries currently in the program.  This index, which is part of Xero’s Small Business Insights program, is a … Continue reading “Supporting small business recovery with the launch of Xero’s Small Business Index”

Accounting heads confirm hybrid working adoption

Posted on May 6, 2021May 22, 2021Categories Business Tax

Professional services firms aim to implement a hybrid office space as restrictions ease this spring but adopting this new working space will require a combination of client and employee needs, according to market participants. “There’s a real desire for hybrid,” says John Taylor, chief operating officer at RSM. “I don’t think most people want to go back travelling daily into offices on a five day a week basis. That’s what we’re working towards. We’ve got new leases that we will … Continue reading “Accounting heads confirm hybrid working adoption”

New working environment triggers tax compliance challenges

Posted on May 6, 2021Categories Business

Despite a surge in vaccinations around the world, the pandemic continues to infiltrate our lives and is set to change our working environment forever. Having witnessed the benefits of remote working, organisations are now looking at their workplace through a different lens. Whether the future of business will be marked by remote working or flexible workplace, only time will tell, but for now each decision taken by employers will need careful consideration as new working environments will present significant tax … Continue reading “New working environment triggers tax compliance challenges”

Technical Accounting

Posted on May 6, 2021Categories Business Tax

Technical Accounting – What is it? The term “technical accounting” refers to the execution, analysis, and oversight of accounting systems within specific corporate contexts. While any accountant should be well-versed in general accounting theory, a technical accountant is required to demonstrate additional competence in the execution of booking transactions within accounting systems, understanding how those transactions will affect the accounting system, and properly assessing whether a transaction is properly entered and generating accurate output. A technical accountant should be able … Continue reading “Technical Accounting”

Becoming a Virtual CPA

Posted on May 6, 2021Categories Business Tax

In the age of COVID-19, the notion of working virtually has become so commonplace it is almost clichéd to even discuss it as somehow novel or noteworthy, but in the world of the CPA, the move to working beyond the office is neither new nor easy. CPAs face significant issues when taking their efforts outside their corporate walls. Rise of the Virtual CPA The idea of the virtual CPA is hardly new. Many CPA firms had remote capabilities dating as … Continue reading “Becoming a Virtual CPA”