One way to financial independence is being a successful entrepreneur. The number of business possibilities are endless, only limitation is your imagination. In order to be a successful entrepreneur, you need to know a little bit about every job including CEO, bookkeeper, sales person, human resources manager, and laborer. You may be doing all these […]
Few days ago, someone sent me an email and in the opening, they reminded that the financial industry is on the brink of disruption due to the digital wave… and all of a sudden, I was back where my work on transformation stopped with my last employer and I got totally engulfed with my own […]
Since last year, the focus of Financial Reporters have been on visualization of data and the speed with which the information can be delivered to the decision makers. Conventional methods of reporting commonly used in business today were printer focused, paper-based reports that are becoming redundant as fat as the technology is changing. Stakeholders must […]
While accounting software for small business has certainly come a long way, a sharp accountant is still crucial to your business and personal financial success. Take your time and do some careful research before hiring an accountant. A good accountant is an invaluable partner to your business. They can help you navigate important business decisions, […]
IFRS 17 Insurance contracts A new accounting standard (IFRS 17) has been issued for insurance industry and according to the experts it is seen as one of the most significant changes in insurance accounting in the past decade. IFRS 17 is effective for annual reporting periods beginning on or after 1 January 2023 with earlier […]
Lots of my clients and friends who worked from home due to COVID-19 have recently been question like, if they are eligible to claim home office expenses? Should they use the flat rate method or detailed method? and for detailed method should they use form T2200 or T2200S? The home office expenses can provide a […]