Dubbed by the UK Financial Conduct Authority (FCA) as a platform to potentially transform financial services, the call to shift from open banking to open finance is exponentially growing and certainly getting more attention in the industry. 

While the dust hasn’t completely settled, we know for a fact that recovery started for most countries. Finance executives are looking at strategic investments in manpower that would get them through the remainder of the crisis—which includes attracting new talents and retaining the best employees they have onboard.

Even though accounting and bookkeeping are time-consuming, laborious chores, they are important to manage, track, and optimize a business. Manually completing these tasks leads to costly errors and unnecessary pressure on teams. If you are an accounting firm managing these tasks for your clients, it is time to leverage tools to ease your job. 

The deliberate and illegal act of running away from taxes is called tax evasion. This unlawful activity deprives the U.S. government of billions in tax revenue per year, which could have helped in supporting its pandemic-stricken economy. Knowing how to prevent tax evasion will not only save your company from huge monetary penalties and jail time but will also help improve the American way of life.

Going hybrid is an appealing choice for accounting firms that can’t go all-in with remote working, but there can be challenges in its implementation. Here are some tips on how to make the hybrid workforce model work.

Accountants have a vital responsibility in fighting climate change. This article explores the role of accountants in sustainability reporting and why it matters in securing a greener future.