Multinational companies (MNCs) and large enterprises use five methods in determining the transfer price (TP) as mandated by the Organisation for Economic Co-operation and Development (OECD).

Multinational companies (MNCs) and conglomerates share the common practice of transfer pricing as it helps them establish prices in internal products and services trade. In this blog, we intensively discuss what is transfer pricing, its bounds and how it works for businesses.

What are the most pressing accounting challenges today? Aside from following the trend towards digitalization, accounting firms got their work cut out for them for 2021 as the pandemic continues to take its toll in the industry.

Through the years we have seen accounting outsourcing services gained traction and even established a strong reputation. Given that this approach works for both SMEs and corporations, is it possible that accounting outsourcing is the future?

Even at the peak of pre-pandemic days, doing online business was gaining prominence among small business owners, and now that quarantine restrictions are still somehow imposed, exploring the benefits of shifting to e-commerce gives a perspective of new opportunities to do business.

Like any other contracted business functions, outsourced bookkeeping services have their own intricacies but if navigated properly can give you the best experience in managing your books and taxes.