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What’s paralysing UK finance decision-makers with fear?

Accounting Insight

New research released today, by UK accounting software provider iplicit, has revealed that the fear of losing historical financial data is the major barrier to upgrading from legacy accounting systems. By sticking with legacy software, finance leaders are likely to be holding their organisations back.

Finance 52
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Demand for Automation in Sales Tax Compliance is Rising, Avalara Says

CPA Practice

Businesses also are adopting various methods to manage sales tax compliance, with 56% using specialized software and tools, 40% relying on in-house accounting teams, 32% handling it manually, and 31% outsourcing to accounting firms, according to Avalara. The survey, which was conducted from Oct.

Sales 116
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New Sole Proprietors, LLCs, and Corporations Need Accounting and Tax Services

MyIRSRelief

One of the most important things to consider is accounting and bookkeeping. If you’re new to business, you may be wondering why accounting and bookkeeping are so important. You don’t have a lot of money to spend on accounting and tax services. Here are just a few of the reasons why: To track your finances.

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Real Estate Accounting Best Practices: Ensuring Tax Readiness and Financial Success

Withum

Appropriate accounting practices are crucial for real estate entities not only to manage daily operations, but also to ensure tax readiness and compliance. Selecting the Appropriate Accounting Method The choice between cash and accrual accounting methods can significantly impact financial reporting and tax filings.

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Avoid Holiday Accounting Pitfalls with Outsourced Bookkeeping

Basis 365

The holiday season is a time for businesses to capitalize on increased consumer spending, yet despite the cheery holiday decoration, this period can be rife with accounting challenges for businesses. From managing cash flow to preparing for year-end reporting, the pressure on your accounting needs can quickly escalate during the holidays.

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Tips for Startup Accounting

Withum

The accounting department’s staffing and sophistication now require an investment to accommodate these challenges. Scaling the Accounting Department. What used to be a process managed through a single credit card and bank account, which were reconciled with minimal time and resources, has now become an overwhelming monthly task.

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Why cybercrime is the silent threat targeting accountants—and how to stop hackers in their tracks

Mark Lee

A recent conversation with cybersecurity expert Francis West prompted me to revisit a previous discussion here about the risks of cybercrime affecting accountants in practice. As the founder of Security Everywhere, his expertise is invaluable in understanding the cyber threats faced by accountants. Can you elaborate?