Auditing can be traced all the way back to ancient China, Greece and Egypt. But it wasn’t until the Industrial Revolution that the accounting profession took flight. In a time of such explosive business growth, business people realized that there needed to be a systematic way to detect fraud and enforce financial accountability. Today, the […]
Archives for 2019
Are your VAT records in order?
VAT records must be kept for six years although HMRC are only allowed to adjust returns going back four years plus the current period. However if you have purchased land or buildings you may need to keep relevant documents for 20 years. But what VAT records do you need to keep? VAT AccountYou must […]
Argentina cenbank tightens FX market access as peso plunge burns through reserves
The Argentine government has authorized the central bank to restrict currency purchases, according to a decree published in an official bulletin on Sunday.
China, U.S. kick off new round of tariffs in trade war
China and the United States began imposing additional tariffs on each other’s goods on Sunday, the latest escalation in a bruising trade war, but U.S. President Donald Trump said the sides would still meet for talks later this month.
U.S. to help Poland, Ukraine disconnect from Russian gas
The United States, Poland and Ukraine agreed on Saturday to enhance cooperation over secure gas supplies in the region which still relies on Russia.
AirAsia cuts Airbus A330neo order plans, shifts to A321XLR
Malaysian budget carrier AirAsia Group Bhd scaled back plans to order the Airbus A330neo wide-body passenger jet by nearly two thirds on Friday, switching its focus instead to a long-range new version of the popular A321 series.
Podcast: Tax & investment planning in an ultra-low interest rate environment
Bob Keebler, CPA/PFS interviews Bob Gordon of Twenty-First Securities Corporation about the planning strategies in an ultra-low interest rate environment. He answers the questions: What are the unique investment opportunities when interest rates are very low? What special election can taxpayers make to reduce taxable income with bond premiums? What tax arbitrage opportunities exist when […]
Building or buying a franchise business? Start here first
We originally wrote this feature article for MYOB. You can view the original publication here Whether you’re considering buying into a franchise business or scaling your existing concept into a franchising model, there are several key things you should be aware of before committing to anything. When you decide to start your own business, there are […]
Owner of Timberland, Vans stops buying Brazilian leather as Amazon burns
The U.S. parent company of apparel and shoe brands Timberland, Vans and the North Face will no longer buy Brazilian leather, it said on Thursday, as surging forest fires in the Amazon raise questions about how companies are contributing to the destruction of the world’s largest rainforest.
AICPA Proposes Amendments to Incorporate Recent Auditor Reporting Changes
The AICPA has issued the Exposure Draft, Proposed Statement on Auditing Standards: Amendments to AU-C Sections 800, 805, and 810 to Incorporate Auditor Reporting Changes From SAS No. 134. The comment due date is October 28, 2019. SAS 134 The AICPA issued Statement on Auditing Standards (SAS) No. 134, Auditor Reporting and Amendments, Including Amendments […]