Technology

Counting on Blockchain: Revolutionising Accounting

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As we observe the dynamic realm of finance and accounting, technological developments have consistently shaped how professionals manage and process financial data. A particularly notable innovation gaining attention is blockchain technology, originally designed for cryptocurrencies like Bitcoin but now emerging as a transformative force with the potential to revolutionise diverse industries, including accounting. Blockchain technology’s … Read more

The UK strengthens its position as a global leader in AI

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Describing it as one of the “technologies of tomorrow”, the government said AI contributed £3.7bn ($5.6bn) to the UK economy last year. The UK Science and Technology Framework sets out the government’s strategic vision to make the UK a science and technology superpower by 2030. It identifies AI as one of five critical technologies and … Read more

How to Grow in Business and Stay Relevant

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In the dynamic world of business, the only constant is change. Business environments constantly evolve, and changes and disruptions are unprecedented. Staying relevant in this environment can be challenging, and knowing your customers and prospects is essential. Market trends shift, new competitors emerge, and consumer behaviour evolves. Staying relevant during change is an existential task.Here … Read more

The Future of Artificial Intelligence

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Artificial Intelligence (AI), one of the most exciting modern innovations, is growing swiftly. The ability of AI to analyse identify patterns, massive quantities of data, resolve issues, and make sensible decisions has already led to significant changes in several different fields. Since it is unimaginable to think of life in the present world without a … Read more

Feeling disengaged at work, why, and what can be done to prevent it?

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As per the definition, Employee engagement is – “a fundamental concept in the effort to understand and describe, both qualitatively and quantitatively the nature of the relationship between an organisation and its employees.” So quite obviously the relationship between the organisation and the employee really matters to sustain engagement in work. This gives us a … Read more

Common Cryptocurrency Tax Myths

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Cryptocurrency is gaining momentum in Australia, and it is fast becoming entrenched in the Australian economy as more and more Australians look to invest or trade in crypto. While there are many benefits to using cryptocurrency, it is crucial to be aware of the tax implications. Cryptocurrency taxation can be complex, and there is often … Read more

How big data is impacting the accounting profession

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Big data is revolutionising the way businesses operate and make decisions. Accountants worldwide are being affected as the accounting profession’s role transforms to embrace big data. Those with the skills to effectively manage and interpret this data are in high demand as businesses strive to make sense of the ever-growing pool of data. We will … Read more

Are you a start-up? Think Virtual CFO

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A start-up is a new company or enterprise in the early stages of development and is usually characterised by innovation, creativity, and risk-taking. While start-up companies tend to be small, they often have big dreams and aspirations. To achieve their goals, start-ups must be well-organised and have a clear financial strategy. Many start-ups are founded … Read more

Tips for managing your hybrid workforce

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With the global pandemic shifting the way we work, the landscape of employee management has changed dramatically. Perhaps one of the most significant changes is the rise in remote work, and now, as things start to return to some sense of normalcy, hybrid work models in accounting firms are emerging as the new norm. The … Read more

The Top 10 Challenges Accounting Firms Face In 2022

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The accounting profession is constantly evolving to meet the needs of businesses and their customers. However, this also means that accounting firms face a number of unique challenges. We discuss the top ten challenges that accounting firms are facing in 2022. 1. Technology and automation Technology and automation can have a lot of benefits for … Read more