Accounting Blog for Business

In 1950, Alan Turing proposed a question in his paper “can machines think?”. This marked the beginning of the development of artificial technology. Today, AI has opened up new opportunities for progress in almost every field there is. However, in spite of the leaps that we have made in artificial intelligence, experts have failed to agree in a single universally accepted definition of what is artificial intelligence.

The year 2019 is fast approaching. For the Philippine business sector, this means that the second part of the Philippines’ tax reform initiatives is right around the corner. This year, the Tax Reform for Acceleration Law (TRAIN Law) focused on bringing down personal income taxes. Next year, the proposed Tax Reform for Better and Higher Opportunities (TRABAHO) seeks to modernize the country’s business tax rates.

Outsourcing is a big step especially for companies who have never experienced this business model. For those who have made the leap to avail outsourced CFO support solutions, the next logical step is to find the right outsourcing partner.

As the number of companies grows, firms offering services necessary to their growth also prosper. Such is the case for audit firms. The small-medium enterprise (SME) boom is still gaining traction and this market is perfect for audit solutions firms. As this trend grows, audit firms face the looming threat of the shortage of capable talents to work on their client’s accounts.

Finance and accounting outsourcing (F&A O) has been around for quite some time now. A number of businesses have long reaped the benefits of outsourced finance and accounting services. If you are among businesses who are thinking about joining the F&A O wagon, you are in luck. Here is a comprehensive guide on how you can start finance and accounting (F&A) outsourcing.

Technology is transforming the finance and accounting (F&A) industry, and with it, the responsibilities and roles of a chief financial officer (CFO). CFOs have now become diverse leaders in their own respect while maintaining their traditional roles in F&A. CFOs are now expected to: