Businesses are feeling the pressure of accounting and finance professionals shortage. This shortage has implications for businesses as they struggle to find qualified employees to fill these roles. To add fuel to the fire, fewer college graduates are entering into accounting and finance careers, which compounds the problem. With this, businesses have started looking into outsourcing as a tempting alternative to mitigate the risks and challenges of the staffing shortage.
Unlike every other companies, SaaS in particular need to be specially aware of the new updates in revenue recognition due to their subscription-based income streams. It may not be obvious at first glance but the consequences of failing to do so can be steep. The things is, how do you know if you’re doing it right?
A Special Purpose Acquisition Company (SPAC) is a non-complex publicly-traded company that aims to acquire a private company. Fueled by a sudden upsurge in these transactions in 2020, SPACs have become very popular and extensively leveraged by private companies and investors.
As the threat and effects of global warming become more apparent, the need for green accounting is becoming more evident. The impact permeates every aspect and function of an organization, including its accounting. As more businesses shift to green accounting, it’s important to understand what this concept involves and how it affects your accounting function. In this blog, we’ll discuss the emerging ESG updates and how to pivot your company towards it.
For businesses today, one of the biggest challenges related to tax planning is finding the right tax professional early enough in the taxable year to help ensure that planning processes move forward smoothly and are beneficial financially. Typically, businesses start their tax planning during fourth quarter, which they believe leaves them ample time to implement the plan – but this may not be the case.
ESG criteria are playing an increasingly important role in business decision-making. From an accounting perspective, it is important to understand how ESG can impact your business. This blog will explore some of the ways in which ESG can affect your financial reporting and offer recommendations on how to stay ahead of this trend.