Indonesia has filed a lawsuit at the World Trade Organization against the European Union, claiming the bloc’s restrictions on palm oil-based biofuel are unfair in the latest in a series of disputes between the two sides.
Archives for 2019
3 essential cash management strategies
There are three core elements to effective cash management: Cashflow Forecasting Shortening The Sales Cycle Understanding Working Capital To be a cash positive and well managed small business, you will need to know these concepts back to front. Let’s dive in! 1) Cashflow forecasting Managing cash flow effectively remains a significant hurdle for many small […]
Calculating Holiday Entitlement
If your holiday year runs from January to December you will soon be calculating holiday entitlement for your staff for 2020. Here are some facts to be aware of and to ensure you calculate it correctly, particularly for those who work part-time. Employees are entitled to 5.6 weeks paid statutory holiday per year (20 days […]
March 2020: Bookkeeping made easy with Hubdoc and Xero
Just over a week ago we shared the news that from 18 March 2020, Xero’s data capture tool, Hubdoc, will be included in your Xero Starter, Standard or Premium plan (Early, Growing or Established plans in the US). From that date, you’ll be able to easily capture and manage your bills and receipts, say goodbye […]
Lost Property Documents? What Next?
What happens if your property documents are lost or misplaced? How you will prove ownership on the property? Well, recently I got a case of lost property document. My friend wanted to purchase a property. He selected one property at prime location and reasonably priced. He was about to buy the property. However, before finalizing […]
China suspends planned tariffs scheduled for Dec. 15 on some U.S. goods
China has suspended additional tariffs on some U.S. goods that were meant to be implemented on Dec. 15, the State Council’s customs tariff commission said on Sunday, after the world’s two largest economies agreed a “phase one” trade deal on Friday.
Fulfilling Our Company’s Technology Initiatives – Our Journey To Cloud-Based Software Part 1: Bill.com
As I planned for 2019, I included an initiative that was one of the most important we’ve ever set for ourselves: To learn more about cloud-based technology, integrate it into our company, and recommend more programs like it for our clients. Why? I strongly believe that bookkeeping will become a dinosaur unless we adapt to […]
ByteDance unit establishes venture with Chinese state media firm
A unit of ByteDance, the owner of video-sharing platform TikTok, has established a joint venture with a Chinese state media group to work on software development, artificial intelligence and blockchain technology, official registration documents showed.
How auditors can stay independent while advising on revenue recognition
One of the most difficult challenges for some auditors as 2019 comes to an end is maintaining their independence amid the frustration and confusion of their clients over the implementation of FASB’s new revenue recognition standard. CPAs who see their clients struggling want to help, but if they are going to continue auditing a financial […]
KPMG announces drop in profits, but shows signs of positive audit investments
Big Four firm KPMG has announced a 14% drop in profits and a slow-down in revenue growth as it prepares for increased regulatory scrutiny that will likely lead to greater separation of its business. The decline in profits, which fell to £307m from £356m in the 12 months leading up to September 30, comes after […]