Photo by Valeria Fursa on Unsplash Every day, we observe how technological advancement makes our lives simpler by making tasks and professions easier. One industry that is largely impacted by the new wave of technology is the construction industry. Many construction executives have embraced digital solutions, which has caused the industry to swiftly innovate, making projects safer, cheaper, […]
CANVA – Natee Meepian Many years ago, accounting records were stored on a desktop, and managing day-to-day bookkeeping required someone to be in the office recording transactions, paying bills, and invoicing clients. Today, the accounting profession has advanced by leaps and bounds. It is anticipated that accounting is a dynamic field that changes constantly. Accounting […]
In 2020 and 2021, a global pandemic was an unknown risk that the construction industry had never anticipated and like all business and industry segments, construction was significantly impacted by two years of pandemic disruptions and continues to grapple with its lingering effects. According to the U.S. Bureau of Labor Statistics, the unemployment rate in the […]
CANVA – Natalia VaitKevic In today’s global economy outsourcing has become the go-to maneuver for businesses looking to streamline their operations to focus on their core business functions. This adoption of business strategy is no different for CPA firms, leveraging outsourcing tax preparation to grow their productivity and scale their business to the next level. […]
Unsplash The construction industry, like any industry, requires a well-defined product or service, enthusiastic and talented personnel, and a strong customer base to succeed. However, success in this industry is considerably more challenging than in most sectors. According to Census Bureau data, over the last 10 years, construction businesses failed at nearly 1.5 times the rate of companies in […]
Unsplash The Business Process Outsourcing (BPO) industry is now regarded as one of the world’s fastest-growing industries. An industry where companies thrive from continuous innovation, easy accessibility to clients, fast business process development with a finger on the pulse of the most current industry trends. Due to this growth, it is only imperative to anticipate […]
Significant changes to lease accounting standards have been implemented for public, private, and nonprofit entities for fiscal years beginning after December 15, 2018 and December 15, 2021, respectively. The new leasing standards represents one of the most comprehensive changes to accounting standards in recent years. With this recent update it is essential for executives and […]
Photo by Sigmund on Unsplash Outsourcing business operations has become one of the fastest growth strategies for many businesses in today’s global economy. Given the size and capacity of the BPO market, which is expected to reach $343.2 billion by 2025, it is no surprise that its popularity is growing at breakneck speed. With outsourcing industries growing bigger than […]
Do you spend way too much time on your accounting? Do you find it difficult to handle your business and accounting? Are you facing accounting and payroll delays? Is your company expanding too quickly for you to keep up withits finances? These are just a few examples of the issues business owners face managing their […]
Suwannar Kawila The U.S. Government Accountability Office (GAO) issued an update to Generally Accepted Government Auditing Standards (GAGAS) (http://www.gao.gov/yellowbook). GAGAS, commonly known as the “Yellow Book,” was created to provide a foundation for efficient and high-quality government audits. The requirements apply to some governmental organizations and other organizations that receive grants from the federal government, […]
