Month: February 2024

The Beneficial Ownership Information Reporting, mandated by the Financial Crimes Enforcement Network (FinCEN) under the Corporate Transparency Act (CTA), is set to enhance transparency in the ownership of entities starting January 1, 2024. This initiative targets to curb financial crimes by requiring specific businesses to disclose their beneficial owners and those who control or have …

FinCEN’s Beneficial Ownership Reporting: What Small Businesses Need to Know for 2024 Read More »

In the evolving landscape of accounting, the shift towards subscription models and value pricing marks a transformative approach. This model, increasingly favored by firms for its emphasis on continuous service over hourly billing, aligns perfectly with the modern client’s preference for predictable costs and personalized services. It not only fosters a more proactive and advisory …

Revolutionizing Accounting: Embracing Subscription Models and Value Pricing Read More »

Introduction As Millennials dominate the U.S. workforce and Gen Z’s presence burgeons, accounting sees an influx of these vibrant generations. By 2025, Gen Z alone will constitute 27% of the labor force, with a notable rise in accounting majors. This trend heralds a dynamic shift in the industry, promising fresh perspectives and evolving work ethics. …

Reshaping Accounting: The Millennial and Gen Z Revolution Read More »