Why does audit quality matter? Well, first and foremost, the audit landscape has changed due to changing peer review requirements. To explain, the AICPA’s Enhancing Audit Quality Initiative brought to light numerous deficiencies identified during peer review. Therefore, it is important for firms to be aware of the deficiencies the AICPA identified, and ensure their […]
Archives for August 2019
HMRC delay PAYE refunds
On 4 October 2018 the government issued a press release which stated that new measures were in place to end the problem of late payments to small businesses. It stated that nearly a quarter of small businesses suffer from late payments which threaten their survival. It talked about the Prompt Payment Code and the plan […]
Lebanon’s Aoun vows to tend to economic, financial reforms
Lebanon is expected to begin implementing in October a set of economic and financial measures agreed by its top leadership that will boost economic growth, President Michel Aoun said on Sunday, vowing that he would to tend to this himself.
Exclusive: U.S. set to give Huawei another 90 days to buy from American suppliers – sources
The U.S. Commerce Department is expected to extend a reprieve given to Huawei Technologies that permits the Chinese firm to buy supplies from U.S. companies so that it can service existing customers, two sources familiar with the situation said.
Oil rises alongside equities, but weak OPEC outlook caps gains
Oil prices on Friday rebounded from a two-day drop, alongside equities as expectations of further stimulus by central banks helped to ease recession concerns.
Premium brews in Asia stoke Carlsberg’s half-year sales
Danish brewer Carlsberg posted a solid rise in half-year sales thanks to Asian markets, where consumers are trading up from mainstream beers to pricier premium brands, lifting its shares 5 percent on Thursday.
Top 10 Tax Mistakes That Are Costing You Money and How to Avoid Them, Part 1
It’s that time of year. The time when we all start looking at our pile of receipts and mountain of tax forms with dread. When preparing your tax return, even a little mistake can cause problems. You could end up with a larger tax bill than you should, your refund could be delayed, or ever […]
Top 10 Tax Mistakes That Are Costing You Money and How to Avoid Them, Part 2
Don’t miss Top 10 Tax Mistakes Part 1, here. 6. You’re misclassifying your employees, including your spouse Your tax liability will be different depending on if you use independent contractors, employees, or a mixture of both. Employees must be paid at least minimum wage, and you have to pay them overtime. However, independent contractors don’t […]
Gold rises as global recession fears lift safe-haven appeal
Gold rose over 1% on Wednesday as an inversion in the closely-watched U.S. Treasury yield curve and weak data from the euro zone stoked fears of global economic recession and drove investors toward safe-haven bullion.
Year-End To-Do’s for Your Small Business
With Halloween behind us, it’s easy to get spooked by year-end to-do lists. But this is the perfect time for small business owners to take stock of business and make some time-sensitive decisions. The earlier you assess your business year, bookkeeping, and record keeping, the more likely you can enjoy a relaxed holiday season and […]