Employment and Careers in the Field of Accountancy
Accounting has always been one of those careers with dismal retention rates. The stress attributed to the job often results in accountants and CPAs shifting around different career paths until they find the one that suits them best. Unfortunately, a pattern of...
The Role Of Accountants In Data Privacy
When talking about data privacy, the first thing that pops into our minds is businesses protecting their secrets. Younger people, on the other hand, think about the issues social media platforms currently face. However, did you know that data privacy plays a...
Estates and Trusts: How the Rich Keep Their Wealth After Death
Many of us spend most of your lives working to accumulate wealth. However, no amount of success can prevent something as inevitable as death. Hence, many of us ask ourselves, “What’s the point of getting richer, if we’re all going to die in the end?” This is where...
Digital Assets in A Physical World
The rapid growth of technology is moving finances from being a physical commodity to digital. In fact, according to research, digital assets across the globe have a value of US$120 billion last February 2019. 53% of that amount is under the popular cryptocurrency,...
Choosing the Right Corporate Structure for your Business
There are a couple of steps that you will undergo when setting up a business. One of which is choosing the correct business structure for you. This step is critical to the success of your organization as the structure you will affect many aspects of your company....
Retirement: Also A Job For Accountants
Unless you’re superman, old age is an inevitable stage in our lives. Hence, retirement is a vital subject that should be considered by everyone. As an accountant, you should always consider discussing retirement plans with your clients. This article by Anita Dennis...
Auditing Vs Accounting: “What’s The Difference?”
Auditing and accounting are two of the most common terms in the finance world. Unfortunately, plenty of people still confuse these two services. In fact, even Hollywood isn’t safe from this confusion. For example, in the movie “The Accountant,” Chris Wolff, Ben...
Updates On The Accounting For Leases Shakes The Industry
Accounting standards are the DNA of every financial statement of every business in the US. Hence, just like DNA, a single change can affect the growth of the whole entity. For leasing standards, unfortunately, these changes are coming to light slower than expected....
Rental Real Estate Businesses Now Eligible For QBI Deductions
Rental real estate businesses may as well start singing holiday carols as Christmas has come early for their industry. IRS’s recent proclamation (Rev. Proc. 2019-38) has loosened tax regulations on rental real estate businesses with regards to Qualified Business...