The Latest in the World of Accounting

Top 10 Ted Talks for Entrepreneurs

Looking to filter through the noise and watch only the most practical Ted Talks to point you in the direction of entrepreneurial success? Here’s 10 on varied topics to get you started. Don’t hesitate to leave a comment with your own recommendations. Everyone’s listening! 1. Tim Urban on the inner mindset of a procrastinator. Procrastination…

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Blog

Email Scam Mimics Executives in Fleecing W-2 Forms

As part of its “Don’t Take the Bait” campaign, the IRS is warning tax professionals of emails that target employees’ W-2 forms, following a fourfold increase in such cases during the 2017 filing season. The scam, called business email compromise (BEC), “is one of the most dangerous phishing email schemes trending nationwide from a tax administration perspective,”…

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Blog, Global News

Can You Multitask?

I thought I was great at multitasking, or dealing with more than one task at the same time. Do you think you are great at multitasking? You start your day off with a list and are short on time so you multitask on projects. Or you work on a project and answer e-mails at the…

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5 Ways That Failing Prepares You for Success

“Success is stumbling from failure to failure with no loss of enthusiasm.” – Winston Churchill Hopefully, most of us won’t stumble from failure to failure too much before tasting sweet success, however the sentiment behind the famous Brit’s saying is true: failure can be a stepping stone to success. The part about not losing enthusiasm is…

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AU Local News, Blog, Global News, PH Local News, US Local News

CFONav.com – Big Help for Hawaii’s SMB Market

PRESS RELEASE Honolulu, Hawaii, Aug. 23, 2017: Reg Baker, CPA, and Bernice Parsons, Co-Founder, and President of Vertaccount, are collaborating to offer a unique service to the SMB market in Hawaii. Baker is a nationally recognized small business expert and has been practicing in Hawaii for more than 30 years, while Parsons has been offering bookkeeping…

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Integrity is the Best Policy and What We Need Today

No one, accounting professionals included, lives a life of absolute integrity. Rather, it is an ideal for which to strive, including those who consistently display integrity can be overwhelmed by what is left over — what wasn’t acted upon and what wasn’t met with integrity. Case in point: In the operating room of a great hospital…

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How to Avoid Online Fraud

Fraud differs from identity theft. Stealing one’s identity involves stepping into another’s shoes, actually opening accounts and loans, and then not paying. Fraud is stealing one’s funds through forgery and/or use of unauthorized credit cards. Conducting business over the internet exposes merchants to the greater risk of losses due to fraud. Therefore, risk management and…

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Blog, Global News

5 Developments Changing How Cloud Accounting Works

Cloud software as well as other technological developments are changing the role of accountants forever. Accountants are becoming less number crunchers and more creative advisors, looking for new ways to help their clients’ bottom line. Cloud pioneer Xero “found that 83 percent of accountants believe that an understanding of technology is now as important as…

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Global News

Getting Accounting & Bookkeeping Clients to Adapt

I’ve heard the argument so many times about how one’s clients are just not ready for this Paperless thing. I can’t even begin to count the whines and protests from practitioners about clients who are unable or unwilling to make such a change. What a bunch of malarkey! We had an interesting session with a…

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Blog

What are the Tax Implications for the Gig Economy?

Like it or not, the United States is rapidly becoming what’s commonly called a gig economy, populated by workers of all ages who for a variety of reasons prefer to work independently on off-staff jobs of varying time lengths. It’s not for the faint of heart, and that goes for the accounting involved with these…

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Global News

Vertaccount Survivor Summer Outing 2017

Vertaccount held this year’s summer outing at Sabangan Beach Resort in Laiya, San Juan, Batangas, Philippines and kicked off the summer with a survivor inspired theme party. The team enjoyed the splendid beach of Batangas with blissful game adventures prepared by the committee. Participated by four teams, each of them has prepared and gave their…

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Global News

New Deadlines for Form 1099 and Form W-2

US Congress recently passed a new law that changed certain Form 1099 and Form W-2 deadlines. In order to combat tax fraud, US Congress passed The Protecting Americans from Tax Hikes (PATH) Act of 2015. It was signed by President Obama last December. This act revises the filing deadlines for Form W-2 and certain Form 1099.…

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Blog, US Local News

Bernice Speaks Again At COC Event

Bernice Parsons delivered another educational talk about back office outsourcing during the recent Chamber of Commerce Hawaii Focus On Series. The event was conducted last Oct. 5, 2016 at the local chamber’s office. It was attended by chamber members and several guests who wanted to learn about back office outsourcing and how to make the…

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US Local News

Vertaccount Conducts LEAP

Last September 23 – 25, 2016, Vertaccount managers, supervisors and team leaders together with Vertaccount CEO Aye Navarro went to La Luz Beach Resort in Laiya, Batangas for a 3-day management training and seminar called LEAP. LEAP stands for Leadership Excellence Acceleration Program. It’s an HR initiative for management level employees in order to propel…

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PH Local News