by Edwin del Carpio | Mar 3, 2020 | Accounting Industry
Harsh competition between two rival companies is typical in any industry. However, an economic spat between two countries can shake the financial balance of all seven continents. The issue also affects professionals across different sectors, most notably accountants.... by Edwin del Carpio | Dec 19, 2019 | Accounting Industry, Tax Preparation
For a lot of people, the idea of accounting is quite vague. Some of us fall for various misconceptions about accounting. One misconception is that it is a profession that only involves the use of math and numbers to balance books and do taxes. However, although... 
by Edwin del Carpio | Dec 19, 2019 | Accounting Industry
For most business owners, the financial management of their businesses is the most challenging part of their job. It often requires in-depth technical knowledge to be done correctly. Most of the time, this knowledge can only be acquired through years of experience or... 
by Edwin del Carpio | Dec 19, 2019 | Accounting Industry, Auditing
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... 
by Edwin del Carpio | Dec 19, 2019 | Accounting Industry, Accounting News
Small businesses, in one way or another, experience some losses during their existence. One of the most common kinds of these losses is casualty loss. Casualty losses are a negative movement in the value of a company due to unexpected, unusual, and sudden events.... 
by Edwin del Carpio | Dec 19, 2019 | Accounting Industry
Leaders in the accounting profession are adamant that accounting is both art and science. However, it is undeniable that accounting follows many rules and principles that machines can easily replicate. Hence, the obsolescence of accountants and CPAs is a growing...
