We know that when Xero partners have new clients to set up in Xero the one-size-fits all chart of accounts isn’t always ideal. If you have to change account names and codes to suit different business types you’re not spending your time efficiently and you could end up with reporting errors. New chart of accounts […]
Archives for March 2020
Clients should expect the unexpected in retirement
Welcome to Retirement Scan, our daily roundup of retirement news your clients may be talking about Clients should expect surprises in retirementContrary to expectations, having a busy lifestyle is one of the many big surprises that seniors can expect in retirement, according to this article in Kiplinger. Many seniors also found the transition to retirement […]
What you need to know: Inland Revenue shutdown period in NZ
As you may have heard, Inland Revenue will be offline from 3pm on Thursday 9th April until 8am Thursday 16th April – a period that covers Easter holiday weekend and the two working days after that. This includes all online MyIR portals, offices, and call centres, while they switch over to new systems as part […]
Calming clients’ fears during the coronavirus outbreak
In February, Dave Stolz, CPA/PFS, was able to tell a delighted client that she had sufficient investment resources to retire. Two weeks later, the global stock markets began a roller-coaster ride that continues to this day, ravaging many retirement and other investment accounts. Stolz, however, was able to reassure his retiring client that nothing had […]
3 Steps to Run Your Business Like a Genius
Albert Einstein is not the only genius to acknowledge that whether the subject is something as vast as the universe or as microscopic as an atom, there is a process involved. In order for something to work effectively it must be rooted in a foundation of a successful process. Your business is no different. In […]
AU-C 800 series amended to conform with auditor reporting standard
A new standard issued Tuesday by the AICPA Auditing Standards Board (ASB) is designed to align the AU-C 800 series in AICPA Professional Standards with the new standard on auditor reporting. Statement on Auditing Standards (SAS) No. 134, Auditor Reporting and Amendments, Including Amendments Addressing Disclosures in the Audit of Financial Statements, was issued in […]
How to do Home Loan Balance Transfer & Top Up?
Home Loan Balance Transfer – Buying a home is difficult without a home loan. Once you take a home loan from a bank or financial institute you need to pay principal and interest component. Both these components are part of your EMI. Suppose you have taken a floating rate home loan for the longer duration say […]
Alibaba’s Alipay to open app to more services to take on Meituan
Ant Financial, an affiliate of Chinese e-commerce giant Alibaba, will start allowing third-party vendors to offer services such as food delivery and hotel bookings on its Alipay mobile payment platform in an expansion beyond its financial services focus. Alipay traditionally competes against Tencent’s WeChat pay in China for mobile payments and financial services, with users […]
Walmart asks Myntra to reduce discounts, streamline processes
To focus on profitability, US retailer and Flipkart Group parent Walmart has clamped down on processes at online fashion retailer Myntra, which includes shutting down small warehouses, bringing down the level of inventory and reducing discounts on the online platform, sources said. “There is a strong focus on profitability and processes at Myntra and it […]
The Three Golden Rules of Accounting You Should Always Follow
You might have heard of the Golden Rule in life: Treat others as you want to be treated. But, did you know that there’s also a golden rule for accounting? In fact, there are three golden rules of accounting. And no … one of them is not treating your accounts the way they want to […]