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The requirements for small businesses and their accountants are due to be phased in over 2026 and 2027. What this means for accountantsAccountants can play a crucial role in supporting businesses as they comply with the new climate reporting requirements. In the end, it’s just maths. There’s something for everyone.
In April 2026, Making Tax Digital for Income Tax (MTD for IT) will be introduced, and its set to shake up the record keeping, reporting and tax requirements for self-employed people and landlords. Streamlined compliance with Xero Tax: Take control of accounts and tax returns ( Learn more about Xero Tax here.) Whats next?
Gartner estimates that, by 2026, around 80% of independent software vendors will embed gen AI capabilities in enterprise applications, versus less than 1% in 2023.
Double-check payroll reportings Review key reports like the P32, P11s, Gross to Net, and Account Transactions to ensure your posted pay runs are reconciled. Employers wont need to include loans or accommodation in payroll right away, this will be optional from April 2026. More information on this announcement can be found here.
Wolters Kluwer CEO Nancy McKinstry said she will retire in 2026. Wolters Kluwer intends for Stacey Caywood, current CEO of Wolters Kluwer Health, to be the new CEO next year.
The OZ program allows investors to defer their capital gains from sales of appreciated real estate, stocks, businesses, personal residences, collectibles and even crypto through 2026.
(UPDATE) Microsoft has announced new customer sales of Microsoft Dynamics GP will end April 2026. They can continue to purchase new licenses and modules beyond 2026. "We They can continue to purchase new licenses and modules beyond 2026. Starting April 1, 2026 new customer sales of Dynamics GP end.
HMRC has announced that Making Tax Digital (MTD) for Income Tax Self Assessment (ITSA) has been delayed until April 2026. With small businesses, accountants and bookkeepers facing challenging times, we understand and support the delay from HMRC – giving you more time to prepare. . Why has this happened? The new MTD for ITSA timeline.
Singapore to Raise Retirement Age to 64 by 2026 In a move towards fostering inclusive and progressive workplaces, Singapore’s retirement age is set to rise to 64 years old in 2026, announced by Minister of Manpower Tan See Leng during the Committee of Supply debate in Parliament.
The Department for Educations recent release of the National Insurance Contributions (NICs) grant methodology for April 2025 to March 2026 highlights a critical issue for school and trust leaders: the growing complexity of cash flow management in the face of rising employment costs.
Gabriela Figueiredo Dias, chair of the International Ethics Standards Board for Accountants, has been reappointed for a second term through Dec. 31, 2026.
According to Accounting Today, “The accounting software market will have a global value of $11.8 billion by 2026, according to new market research, at an expansion rate of 8.6 percent.
As your accounting partner, we’ve analysed the key measures that matter most to small business owners. The government will now co-fund 40% of wage increases in 2025 (up from 30%) and 20% in 2026 (up from 15%) for lower-wage workers. Tired of surprise fees from accounting services? Here’s what you need to know.
Subscription licenses can still be purchased for one year April 1, 2026: No new customer sales of Dynamics GP of any kind December 31, 2029: End of product enhancements, regulatory (tax) updates, service packs and technical support. Microsoft has announced new customer sales of Microsoft Dynamics GP will end April 2026.
Starting in January 2026 , accountants will have two options: A Bachelor's degree plus 2 years of experience A Master's degree plus 1 year of experience. Either way, you'll need to have an accounting concentration or equivalent , as defined by the Virginia Board of Accountancy.
In this blog post, we will break down the key updates and discuss their potential impact on your SMEs finances, particularly from a payroll and accounting perspective. The Ordinary Wage Ceiling Will Increase Starting from 1 January 2025, the CPF Ordinary Wage (OW) ceiling will gradually rise, with the full increase expected by 2026.
billion in 2026, according to IDC’s latest Worldwide Artificial Intelligence Spending Guide. The commercial landscape will also pose some interesting challenges to advising and accounting for business transactions that will have different attributes to those commonplace today. billion in 2022 to $46.6
Accounting plays a critical role in any business’s financial health and overall sustainability. Why is tech adaptation an essential skill for accountants? Online reports say the Accounting Software Market was valued at USD 12.01 Online reports say the Accounting Software Market was valued at USD 12.01 billion in 2020.
However, the implementation for renewal cases will be delayed, with the new thresholds taking effect on January 1, 2026. The introduction of the Complementarity Assessment Framework (COMPASS) represents a systematic approach to evaluating EP qualifications, taking into account factors such as local employment support and industry benchmarks.
If you’re a small business owner who has provided paid FMLA leave to an employee, you may have heard about this credit. It can be a great way to earn back some of the wages you paid your employee while they were gone.
Increase in CPF Ordinary Wage Ceiling (a) The CPF Ordinary Wage (OW) ceiling, which determines the amount of wages subject to CPF contributions, is set to increase from $6,000 to $8,000 by 2026. Let the pro team at Counto take care of your incorporation, accounting and taxes. Time is money.
Show Notes KPMG Moves into Small Business Tax and Accounting Services with Spark — Accounting Today — Big 4 accounting and business consulting firm KPMG LLP, is making a play for the small business tax and accounting services market with the launch of a new online system called KPMG Spark. His mission?
That’s where the best accounting software for CPAs and accounting firms comes into play. Investing in the best accounting software for CPAs and accounting firms designed to facilitate the operations of accounting business is a prudent decision. million ( Source : Finances Online ).
As the trends have been changing over the past few years, small to large-scale businesses have realized the worth of outsourced accounting to a reliable CPA firm or an offshore accounting company. Even CPAs have started outsourcing accounting jobs to offshore companies to augment their ROI model. Billion US Dollars by 2026.
Expansion of Wage Ceiling: Additionally, the gross monthly wage ceiling for PWCS co-funding will be raised from S$2,500 to S$3,000 in qualifying years 2025 and 2026. Experience a smarter way to outsource your accounting with confidence.
Accounting automation has become a game-changer in the financial world. Accounting automation can help streamline operations, reduce errors, and save time and resources. In a survey, 58% of accountants said automated accounting led to increased efficiency. What is Accounting Automation?
Accounting Ledgers, Schedules, and Journals: These documents detail your company’s assets and liabilities, income and expenses, as well as profits and losses. To meet regulatory requirements in Singapore, your company must maintain comprehensive records of its financial transactions. Where Should Company Records Be Kept?
billion in 2026, quadrupling from 2022. According to The Federal Reserve , at launch in July 2023, 35 financial institutions were participating in the FedNow Service Network. PYMNTS reports that real-time payment transaction volume is expected to hit $8.9 As of May 2024, that number had ballooned to 758.
By April 2026, the total paid parental leave will rise from 20 weeks to 30 weeks, with the additional 10 weeks being government-paid shared parental leave (SPL). Our expert accountants deliver comprehensive services—from bookkeeping to tax filing—at transparent rates. At Counto, we prioritise your bottom line.
billion by 2026. Discover how Counto helps online sellers like you save time and money With an intelligent platform combined with experienced accountants and tax specialists, who are dedicated to helping businesses achieve greater financial efficiency at an affordable price.
Apply Reverse Mentorship A lack of digital skills in senior finance leadership could trigger 50% of unwanted staff turnover by 2026, according to Gartner. Most importantly, upskilling empowers employees to maximize the potential of their organization’s digital transformation efforts.
In contrast, consistent and compliant invoicing practices help maintain orderly financial records and simplify your accounting processes and financial management. Spain: Plans to mandate e-invoicing for large companies by July 2024 and for all other companies by early 2026, with a submission system similar to France’s.
Let us, for example, see how document automation workflow can help the Accounts Payable Department in the procure-to-pay process – a routine business operation that involves a significant amount of paperwork, approvals, and routing. Projections indicate that by 2026, this market is expected to reach a value of $19.6
Effective Jan 1, 2026, you can get your CPA license with a bachelor's degree and two years of experience. A masters degree, completing the required accounting concentration of coursework, one year of experience, and passing the CPA Exam 2. The 150-hour rule is dead in Ohio! No fifth year is required. Mike DeWine on January 8.
52:09) - The Kenneth CPA Hack (01:01:54) - The BOI Reporting Controversy Show Notes How Remote Work Is Impacting Accounting Firms [link] 2024 KPMG U.S. (52:09) 52:09) - The Kenneth CPA Hack (01:01:54) - The BOI Reporting Controversy Show Notes How Remote Work Is Impacting Accounting Firms [link] 2024 KPMG U.S. Go here to cr.
Were pleased to announce that you can now access Sumday’s powerful carbon accounting tools free for 12 months with your Xero subscription, so you can better understand your environmental impact and take steps towards a more sustainable future. Learn more about carbon accounting here. Eligibility and terms apply.
Sign Up or Log In: If you’re a new user, click on the Sign Up button to create an account. You can register using your email, Google, or Microsoft account. If you already have an account, simply log in with your credentials. ✅ “ For what invention is the Nobel prize awarded to John Jumper?
Bonuses and Additional Wages Record all year-end bonuses, including Annual Wage Supplement (AWS) Confirm payment dates bonuses paid after 31 Dec 2024 fall into YA 2026 Ensure CPF is applied correctly Additional Wages are subject to a separate CPF ceiling Reconcile year-to-date bonus payments to avoid excess or missed CPF 2.
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