Legal profession facing challenges from all sides
The traditional practice of law is being disrupted from many angles: technology, alternative business structures, online legal services, and of course, the accounting profession moving into legal services. Steven Richman, a lawyer of nearly 40 years, provides a fascinating overview of the changing landscape for lawyers in the United States.
A colossal shift is happening in every sector– Accountants and lawyers need to open their minds or be eaten up
Technology futurist Ian Khan advised professional advisors at the 2018 North America Leadership Conference that Internet powered technologies are driving massive changes in the business world and that professional firms with traditional business models need to shift their minds to work out where they fit into this new world and how they can add value.
World becoming a smaller place for U.S. CPAs with CPA mobility & growing standards convergence
With technology making it easier for clients to work across jurisdictions, there have been significant developments in the U.S. accounting profession to bring greater consistency to not only the licensing of CPAs, but also to requirements for continuing professional education and ethical standards. So is it a case of ‘The world is your oyster’ for CPAs with the time when a U.S. CPA can practise freely across state lines and even internationally, not too far away?
Disruptive technology: A powerful tool in the hands of today’s forward-thinking, entrepreneurial CPA
The AICPA’s Lisa Simpson outlines how the digital age is transforming a traditional profession and why accountants are well positioned to benefit, but only if they can adapt.
Company growth starts when everyone sees and lives the company’s vision and core values
Founder of the COO Alliance Cameron Herold explains the importance of vision and cultural alignment to accelerated company growth.
Australia’s Annual Vacancy Fee – Use it or be taxed!
Foreign owners of residential property in Australia may now be subject to an annual vacancy fee imposed by the Australian Taxation Office (ATO).
CbCR: Rough seas ahead for multinationals?
The OECD Country by Country Reporting (CbCR) guidelines relate to new transfer pricing documentation requirements for international companies. This short report explains the basics and implementation progress around the world.
GDPR – Practical steps to get ready
The GDPR’s main obligations are set to apply to organisations located anywhere in the world- Read this guidance from Sherrards Solicitors on how to get prepared.
Brexit: The implications for UK holding companies
This article explains what the UK’s holding company offering is likely to look like before and after Brexit.
U.S moves towards overhaul of tax code as House passes Tax Reform Bills
The Tax Cuts & Jobs Act is expected to deliver tax relief to business start-ups and families and increase U.S. competitiveness. Read an update from Alliott Group NYC member FF&F.