Nadia Defrancesco

Dive into the essentials of company tax with Austral Accounting! Join our Q&A session for expert insights into payroll, UIF, and tax declarations - all vital components for staying compliant with SARS. Let's navigate the complexities of corporate taxation together! Contact us for any assistance in accounting, taxation or payroll: 📞 031 536 8222 ✉️ info@australacc.co.za 🌐 https://lnkd.in/dh8qe4h6 #accounting #payroll #tax #bookkeeper #SAIPAproud #australaccounting

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Did you know that the Italian mathematician Luca Pacioli, known as the “Father of Accounting,” created the debit and credit concept? His work laid the foundation for modern accounting practices that we rely on today. 🏛️📊 #LucaPacioli #AccountingHistory #DebitCredit #ModernAccounting #TAPAInstitute #DidYouKnow

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Want to supercharge your monthly accounting processes? Don't miss this webcast as we uncover the secrets to boosting your team’s productivity and save big time. https://ow.ly/tPkh50TwMNI

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https://lnkd.in/dNzJVccw When Generally Accepted Accounting Principles (GAAP) became the standard, it was designed for objective reporting. Now, GAAP favors short-term metrics that benefit equity speculators. Founder of Third Avenue Management, Marty Whitman, argues that GAAP overshadows crucial factors for long-term corporate wealth, such as asset management and capital market access. In his argument, Whitman identifies the four factors involved in corporate wealth creation: free cash flow, earnings, asset redeployment, and capital market access, but states that GAAP has neglected asset redeployment and capital market access. The article also highlights how GAAP’s strictness can impact investment analysis. Ultimately, Whitman advocates for also understanding a company’s assets and liabilities rather than solely relying on short-term metrics. #accounting #principles #GAAP #investors #wealthmanagement #cashflow #investmentanalysis https://lnkd.in/d-FS3GR4

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The Beetaloo pipelines present a serious threat to APA’s climate commitments, and by extension those of its major securityholders. To allay these concerns and to justify its claimed #Parisalignment, the scheme must present a credible plan to avoid or abate the significant emissions associated with these pipelines. Until it provides these disclosures, APA is exposing itself to legal and reputational damage, in the form of #greenwashing accusations, and risks the integrity of investors’ own portfolio #emissions reduction targets.

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Thinking about outsourcing but unsure if it's the right move? Globus Finanza clarifies the common myths surrounding this practice. Discover the facts and see how outsourcing can benefit your business with increased efficiency, cost savings, and expert support. Types Of Outsourcing Services We Provide: ACCOUNTING & BOOKKEEPING TAX SERVICES AUDIT SERVICES ADVISORY SERVICES Follow us for more tips and updates! ✉ Email: connect@globusfinanza.com ☎ Call On: +1 302-532-9025 🌐 Visit Us: www.globusfinanza.com #globusfinanza #outsourcingfirm #accountingservices #bookkeeping #outsourcing #financialadvisor #business #finance #financialmanagement #bookkeepingoutsourcing #accountingoutsourcing

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🚀 Understanding financial reporting tiers Navigating financial reporting doesn't have to be daunting. Understanding the tier structure really helps. This blog (https://lnkd.in/gbQbc-8x) looks at what these Tiers mean in relationship to financial statements and audit requirements. 🔍 Financial reporting tiers determine how you prepare your financial statements, based on your organisation’s size and accountability. Whether you’re a startup, a large business, a community group, or a charity, there’s a tier that fits your needs.  ✨ Why it matters: Choosing the right tier enhances compatibility, builds stakeholder trust, and ensures you meet all audit requirements effortlessly. Transitioning to the right tier is crucial for maximising reporting efficiencies and future-proofing your financial systems.  Also, tier thresholds have recently changed, giving an opportunity for some Tier 2 organisations to move to more simplified Tier 3 financial reporting. See details in another of our blogs (https://lnkd.in/gqSyuRVp). 🌟 Take action today! Assess your current financial reporting system and identify which Tier aligns with your organisation’s goals. Need guidance? Book a free consult with the experts at BVO Audit – we’re here to help you thrive! https://lnkd.in/gA2uKn9N #NotForProfit #FinancialReporting #Transparency #Accounting  

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What do these concepts have in common? 1. Understanding the financial reporting process for a non profit 2. Understanding the role of the board at an non profit 3. Understanding the role as a non profit director in relation to finances. They'll all be covered as part of our next FREE Community Learning Event later this month! Understanding Not-For-Profit Financial Statements will cover the basics of financial acumen required for non-financial  directors and managers working at non-for profit organizations 📅 Tuesday, October 22 🕜 1:00 - 2:30 PM EST RSVP now to save your spot: https://lnkd.in/dBVhFx5D #NonProfit #FinancialLiteracy #Leadership #BoardDevelopment

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It's the beginning of the new year, and you feel overwhelmed with preparing for last year's #tax return, right? If you do, start restructuring your system now so that next year's tax return will be so much easier to manage. There are things you can do right now to get ready for a relaxing tax season next year. Let's begin. Here are three easy #tips to get tax returns in order. Table of contentsTOP Tasks THIS YEAR For a Relaxing Tax Season NEXT YEAR1. Review and change any estimated taxes that you may need to do for the current year.2. Use a consistent filing storage system for your long-term storage.3. Establish a place for your paper receipts.Additional areas to visit. TOP Tasks THIS YEAR For a Relaxing Tax Season NEXT YEAR 1. Review and change any estimated taxes that you may need to do for the current year. Check with your employees and see if they need to have anything changed on their withholding. How about your situation? Do you require more money withheld or less? Some people need to adjust their estimated taxes because their income has changed. This is the time to do it, so you get the right amount of taxes taken out of your pay and, as a result, do not have to owe at the end of the year. Wouldn't that be great? Feel free to check out the Estimated Taxes page from the IRS for more details. 2. Use a consistent filing storage system for your long-term storage. Where do you put your tax returns after they are completed? Are they all together? Storing last year's return in a safe place will help you when you need to come back to it next year as a reference. There are several ways you can do this. You can store all of your tax returns in one bin. Or you can save your tax return with your year's payroll and other receipts. Whichever way you wish to save your tax returns, be sure to stay consistent with the procedure. 3. Establish a place for your paper receipts. Visit the post for more information. #sabrinasadminservices https://lnkd.in/e-Ja8ee

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Businesses struggle with measuring assets and liabilities Businesses are facing challenges in measuring assets and liabilities, as highlighted by a proposal from the FASB. Feedback on the plan, which outlines high-level concepts for measurement requirements, has been mixed. Some respondents find the proposal confusing, while others believe it does not go far enough in providing consistent accounting rules. The draft framework does not directly affect accounting practices for US companies and not-for-profit organizations that follow FASB’s rules. It does, however, influence how the board tackles measurement when setting accounting rules, which would impact financial reporting. Under the proposal, measurement must be anchored in prices - both entry prices and exit prices. Prices objectively measure the financial effects of transactions and other events and circumstances. Prices are fundamental in depicting recognized items like assets or liabilities in general purpose financial reporting, the proposal states. Reported amounts of assets should not be more than what is recoverable and the reported amount of liabilities should not be less than what can be settled, according to the proposal. Several organizations said they were concerned about using the terms “entry price” and “exit price” in the proposal. Advisory and valuation firm Kroll warned about the framework potentially conflicting with accounting rules on fair value itself. It called the proposal “incongruent with the nature, breadth, and frequency of the application of fair value,” which could impact future standard-setting.  Subscribe to Accountancy Slice to get your daily slice of Accountancy intelligence direct to your inbox ➡️ https://lnkd.in/emfepVdu #FASB #accounting #tax

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VATupdate.com Daily Newsletter: September 18, 2024 Headlines September 18, 2024 -- Bulgaria’s SAF-T Implementation: Phased Approach for Accounting Overhaul by 2025 -- Comments on ECJ C-248/23: Novo Nordisk AS VAT Treatment of Statutory Payments to State Health Insurer -- Estonia to Raise VAT to 24% for Security -- 2024 Olympics and Paralympics – VAT Recovery In France -- India Expands E-Invoicing Pilot to B2C Supplies and Reverse Charge Mechanism -- Peru Delays Implementation of 18% VAT on Digital Services to December 1, 2024 -- Thailand – Government Extends VAT Reduction to 7% until September 30

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🌟 𝗘𝘅𝗰𝗶𝘁𝗶𝗻𝗴 𝗢𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝘆 𝗳𝗼𝗿 𝗔𝗰𝗰𝗼𝘂𝗻𝘁𝗮𝗻𝘁𝘀 𝘁𝗼 𝗘𝗮𝗿𝗻 𝗖𝗣𝗘 𝗖𝗿𝗲𝗱𝗶𝘁𝘀! 🌟 Thanks to our esteemed content providers, AICPA and CIMA, accounting professionals can now earn CPE credits through our bite-sized and engaging nano-learning modules, accessible on both mobile and desktop. Enhance your ethical decision-making skills with our latest nano-learning session: Tools for Mastering Ethical Decision-Making: Responding to Ethical Pressures → https://lnkd.in/gaWD4p7M 📝 𝗖𝗼𝘂𝗿𝘀𝗲 𝗗𝗲𝘁𝗮𝗶𝗹𝘀: Content: 1 video resource and 2 questions Overview: Discuss various forms of ethical pressures and options for what to think, say, and do in response.  CPE Credits: Earn 0.2 credits in behavioural ethics Don't miss out on this opportunity to fulfil your CPE requirements! Join today and complete the qualified assessment within one year to earn your credits. For more NASBA certified nano-learning courses, search "AICPA" on the Quitch app to find a course that suits your needs!

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🚀 The Receivables Finance Technology report: Have you got your copy yet? 🌟 A successful receivables finance operation relies on an efficient software platform. Both bank and non-bank providers must use a reliable system tailored to their business needs. While receivables finance software has been available for decades, recent technological advancements have made it increasingly sophisticated and essential for both financiers and clients. 📑 The new Receivables Finance Technology report includes expert articles from leading software providers, thought-provoking discussions, reviews, and detailed information on various systems. This report offers valuable insights into the latest advancements and best practices in receivables finance technology, helping you make informed decisions to enhance your operations. 🔗 Download your free copy today! Click the link 👇 in the first comment to this post.

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Answer to previous week #TaxTrivia Question: Who is considered the Father of Accounting? Correct Answer: C) Luca Pacioli Luca Pacioli is considered the Father of Accounting because he was the first person to publish a comprehensive material on the double-entry system of accounting. #historyofaccounting #crowedafinone Source: https://lnkd.in/d_p6biUH

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