Clients are often concerned with the past, like filing the previous year’s tax returns, rather than the future. Accountants can be hugely beneficial to these clients by providing forward-thinking services. This means financial planning. There are many reasons why clients often think they don’t need financial planning services. They may
The Value Reporting Foundation, the group formed by the recent merger of the Sustainability Accounting Standards Board and the International Integrated Reporting Council, is mulling changes in how it uses the term “materiality” to avoid legal and regulatory conflicts for companies disclosing their sustainability efforts. The issue of materiality was
As digital advisors, we get frequent questions from business leaders about how they can measure their organizations’ digital maturity. The answer is multifaceted and goes beyond technology. Digital disruption is a clear and present threat to firms that won’t change. Leaders must embed digital capabilities into the heart of their businesses and make digital
In thinking about the health and longevity of your business, ask yourself: Is my business running like an engine or like an egg beater? That’s to say, is your business a well-oiled machine with every part running exactly as it should with minimal input? Or, must you manually churn away
Sage is a leading resource planning software, and one of its comprehensive features is the Sage HR. However, multiple users have raised the Sage HR Unable to Contact Remote Server Error when they try to access Sage 50 HR. An issue with the configuration of the application is the primary
Intuit has introduced QuickBooks Desktop 2022, which includes new capabilities with major money movement, data sync and speed improvements that will help your small business clients complete more accounting tasks quicker. Below is a brief dive into the core updates made to the product. QuickBooks Desktop 2022 Subscription Offering QuickBooks Desktop
Whether you have an existing business or you are starting one, congratulate yourself—in any business environment, this is no easy feat. However, in the time of COVID-19, it’s even harder. But while you focus on sales and operations, do not forget the tax man. You may think that you already
Just joining us? Go back to part one for a summary of how the notorious Bernard Madoff orchestrated a Ponzi scheme that stole more than $50 billion from investors. Madoff’s clients were a who’s who of financial outfits, well-endowed philanthropies and ultra-wealthy persons including A-listers and boldface names. Part one
The increasing awareness of social justice issues over the past 18 months has triggered the need for organizations to have serious discussions about their internal culture and demographics. Terms like anti-racist, bias, micro-aggressions and allyship have become more widely used among HR and senior leadership teams. Companies across every industry pledged
This column focuses on the tax aspects of Ponzi schemes, starting with a bare-bones explanation of how scammers fleece investors. Their modus operandi isn’t complicated: They pay some original investors artificially high returns with funds collected from subsequently conned investors. The most notorious scheme is the one orchestrated by Bernard