The COVID-19 crisis has changed multiple facets of our lives with a long-term impact. It has ensured that the percentage of employees who work from home is at an all-time high. However, not all organizations and workforce are prepared to accept this seismic shift to working remotely. Here are some tips to survive work from […]
The advent of high-speed internet coupled with easy to deploy technology has made cloud-based accounting a secure and cost-effective option. The flexibility offered by working on the cloud means that exciting opportunities for setting up potential offshore accounting teams are aplenty. Increased security for confidential & sensitive information, elimination of paperwork, best-in-class connectivity with clients […]
Cryptocurrency is a digital representation of value. The name is derived from the use of cryptography to secure blockchains without a third party & without having to trust the participants. The first cryptocurrency, Bitcoin was created by Satoshi Nakamoto in 2009. The cryptocurrency market is now worth more than $250 billion and growing every day. […]
The world is fighting an uphill battle against the COVID-19 pandemic. There are challenges galore in the form of clients wanting reassurance, social isolation, teetering financial markets, health scares, all of these amidst the pressing work deadlines. Outlined in this article are strategies to communicate effectively with clients during the COVID-19 crisis. Begin with prioritizing […]
Coronavirus (COVID-19) has led to immense upheaval economically and socially over a short time period. Most businesses are dependent on staff working from home. Schools and higher education institutions are closed. Restaurants, malls, movie theaters, bars, and all tourism-related businesses are looking downcast. The restaurant and entertainment industries will suffer if the pandemic continues to […]
The raging COVID-19 crisis has created shockwaves around the world with humanity on its knees before the coronavirus. The US is one of the worst affected nations, with business activity and economy coming to a virtual standstill. The new normal where people are working remotely is going to become the norm across the globe for […]
While it is a challenge to manage teams, coordinating teams from different parts of the world is a bigger challenge. It is important to communicate clearly from the beginning, and ensure process flows are well mapped, and clear cut deliverables are established. In this blog, we look at strategies that will help realize the full […]
Amongst the wide range of services that accounting firms offer, bookkeeping often falls through the ranks as the least lucrative. Despite bookkeeping being a simple task for a trained accountant, it requires significant time and attention to accurately depict accounts. Moreover, bookkeeping runs on small margins – bringing minimal value while taking precious time away […]
In October 2019, the IRS issued a new Revenue Ruling – 2019-24 which deals with virtual currencies/cryptocurrencies and provides much needed guidance on the treatment of specific taxable events associated with cryptocurrencies. The virtual world is similar to a web (which is where the “world wide web” derived its name from) or akin to a […]
Mortgaging hard-earned profits due to a tax surprise can be a hard on most small business owners. Even worse is learning about money left on the table due to an unclaimed or uninformed tax deduction. Tax surprises are completely avoidable and should be mitigated before it cuts deep into your bottom-line. In this blog, you […]
