Accounting Newsletter 

MTD for ITSA: 10 myths busted

/* custom css */ .tdi_38, .tdi_38 .tdc-columns{ min-height: 0; }.tdi_38, .tdi_38 .tdc-columns{ display: block; }.tdi_38 .tdc-columns{ width: 100%;> /* custom css */ .tdi_40{ vertical-align: baseline; }.tdi_40 > .wpb_wrapper, .tdi_40 > .wpb_wrapper > .tdc-elements{ display: block; }.tdi_40 > .wpb_wrapper > .tdc-elements{ width: 100%; }.tdi_40 > .wpb_wrapper > .vc_row_inner{ width: auto; }.tdi_40 > .wpb_wrapper{ width: auto; height: auto;> Accountex exhibitor FreeAgent discuss Making Tax Digital and dispel myths surrounding the initiative. In a recent survey*, we discovered that only 14.6% of accountants and bookkeepers are confident that they understand everything about the…

Read More
Accounting Newsletter 

iwoca’s SME Expert Index: SMEs focus on growth and turn to Recovery Loan Scheme

/* custom css */ .tdi_2, .tdi_2 .tdc-columns{ min-height: 0; }.tdi_2, .tdi_2 .tdc-columns{ display: block; }.tdi_2 .tdc-columns{ width: 100%;> /* custom css */ .tdi_4{ vertical-align: baseline; }.tdi_4 > .wpb_wrapper, .tdi_4 > .wpb_wrapper > .tdc-elements{ display: block; }.tdi_4 > .wpb_wrapper > .tdc-elements{ width: 100%; }.tdi_4 > .wpb_wrapper > .vc_row_inner{ width: auto; }.tdi_4 > .wpb_wrapper{ width: auto; height: auto;> Small business owners are feeling optimistic about economic conditions for growth, according to iwoca’s quarterly SME Expert Index of UK brokers. • Growing the business is the most important reason cited by SMEs accessing…

Read More
Accounting Newsletter 

Compensation Watch ’21: PwC Employees Are Getting a 5% Bump In Pay

What was rumored in posts on the usual chatter sites yesterday turned out to be true this morning: PwC is handing out 5% adjustments in pay, or a “Timmy Stimmy” as one PwCer called it on Reddit, effective in January. Unlike Deloitte, which gave mid-year comp adjustments to Green Dotters who they deemed had salaries that weren’t competitive in their market, PwC is apparently giving 5% raises across the board. I checked in this morning with a senior manager at PwC to confirm the mid-year raise, and he/she responded, “It…

Read More
Accounting Newsletter 

Friday Footnotes: KPMG Discipline Looms; Whistleblower Gets 2nd Chance; Firing Auditors | 12.17.21

Deloitte U.S. CEO on the past year’s business challenges and what’s ahead in 2022 [Fortune] “Many came into the year thinking that 2020 was the unprecedented year and things would calm down,” Ucuzoglu said. “Yet you could argue there have actually been more twists and turns [in 2021]. The pandemic is by no means behind us, yet, in spite of all of that, we’ve got a reasonably strong economic recovery underway. We have remarkable tools at our disposal to manage the ongoing pandemic. All of that leaves me relatively bullish.”…

Read More
Accounting Newsletter 

Strategic Resourcing: Solving Staffing Issues and Driving Transformation through Outsourcing  

/* custom css */ .tdi_2, .tdi_2 .tdc-columns{ min-height: 0; }.tdi_2, .tdi_2 .tdc-columns{ display: block; }.tdi_2 .tdc-columns{ width: 100%;> /* custom css */ .tdi_4{ vertical-align: baseline; }.tdi_4 > .wpb_wrapper, .tdi_4 > .wpb_wrapper > .tdc-elements{ display: block; }.tdi_4 > .wpb_wrapper > .tdc-elements{ width: 100%; }.tdi_4 > .wpb_wrapper > .vc_row_inner{ width: auto; }.tdi_4 > .wpb_wrapper{ width: auto; height: auto;> It is a tough job. Not just finding the right talent but also retaining them. And it’s not just you. Accounting firms across the country are facing capacity challenges like never before. Globally, accounting…

Read More
Accounting Newsletter 

Guy Sues KPMG Over Getting Left Out of the Team Group Chat

Greg Eldridge — an 8-year vet of the House of Klynveld — has sued KPMG Australia over what he alleges was a critical level of cold-shouldering from his people, seeking monetary damages for what he says was a failure of the firm to address an unruly colleague who never liked him. An exceptionally boring Deal Advisory PDF lists his position as Director. According to The Courier Mail, this all started after some lady started sweating him post-promotion for no reason whatsoever: Mr Eldridge alleges in court documents that he started…

Read More
Accounting Newsletter 

How can firms remain competitive alongside cloud-native practices?

/* custom css */ .tdi_2, .tdi_2 .tdc-columns{ min-height: 0; }.tdi_2, .tdi_2 .tdc-columns{ display: block; }.tdi_2 .tdc-columns{ width: 100%;> /* custom css */ .tdi_4{ vertical-align: baseline; }.tdi_4 > .wpb_wrapper, .tdi_4 > .wpb_wrapper > .tdc-elements{ display: block; }.tdi_4 > .wpb_wrapper > .tdc-elements{ width: 100%; }.tdi_4 > .wpb_wrapper > .vc_row_inner{ width: auto; }.tdi_4 > .wpb_wrapper{ width: auto; height: auto;> Like many other industries, the pandemic forced practices to think on their feet and adapt. Many adopted digital, automated cloud-based tools tailored specifically to the needs of accountants to consolidate their operations. The ease…

Read More
Accounting Newsletter 

The Queen’s PwC Tells Staff to Come Into the Office Should They Have Literally Nothing Better to Do on Christmas

PwC UK published an advertisement article in The Telegraph last week and we found it so moving that we felt compelled to share it all with you post haste. The letter — penned by PwC UK chairman Kevin Ellis — begins as all corporate letters must since our first COVID Christmas last year: with a big ole shoutout to the Rona: It’s hard to imagine it was only this time last year that Margaret Keenan became the first person in the world to receive a Covid-19 vaccine. Dubbed V-day, it…

Read More
Accounting Newsletter 

Compensation Watch ’21: BKD Is Handing Out Mid-Year Raises But It’s Anyone’s Guess As to How Much (UPDATE)

[Updated with additional information at the bottom of article originally posted on Dec. 1.] BKD employees have something in common with employees of BDO USA and Grant Thornton … besides working in the hellscape that is public accounting: They supposedly are getting mid-year raises but have no idea about how much they are going to get. From the tipline last weekend: BKD also announced a significant pay increase effective in January. The CEO said most staff will get it so some people will be left out e.g. maybe new hires. Yeah, newbies…

Read More
Accounting Newsletter 

Some More Steps to Follow For Getting Your Startup Business Up and Running

Your startup becomes a business entity once you have filed the necessary paperwork with local authorities and the IRS. Today’s business world looks far different than it did twenty years ago. Although Google and Yahoo were already thriving, Amazon, Apple, and Facebook hadn’t yet reached the impressive heights they would later on in the decade. Every business needs to start somewhere. Daring entrepreneurs can find a niche to serve customers and clients in unorthodox ways. That’s why getting your startup off the ground is so daunting. Not to worry, though!…

Read More