The Latest in the World of Accounting

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

Minimum Wage Increases in Metro Manila

Workers in Metro Manila have been granted a much awaited salary increase. June 2, 2016 marks the date when the minimum wage for Metro Manila workers is increased by P10. Minimum wage is now P454 for workers in the agriculture sector and P491 for workers in the non-agriculture sector. This will apply to all workers in…

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PH Local News

Gig Economy for CFOs?

Hawaii Business recently released an article about the Gig Economy and how it affects not just small independent contractors but also C-Suite Level Executives. In the article, Hawaii Business gave several real life examples of Americans who benefit from the Gig Economy. One of them was Reg Baker, an independent CFO who serves in the U.S. Small Business…

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US Local News

Bernice Parsons Speaks About Good Financial Records

Vertaccount President and Co-Founder, Bernice Parsons was invited to speak at COC Hawaii FocusOn for a second time. Her topic was about increasing profitability by maintaining sound financial records. The event was held last February 11, 2015 from 8am – 11am. In her talk, Bernice shared good bookkeeping practices to ensure that a business owner…

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US Local News

Parsons to Speak at COC Hawaii Focus On

Vertaccount President, Bernice Parsons, is once again speaking at COC Hawaii’s quarterly event – FocusON. Last October 2015, she spoke about the benefits of having a Manila back office during FocusON: Back Office Outsourcing. This quarter, the topic is about Driving Profitability with Financial Analysis. Bernice will be joined by Reg Baker, a nationally recognized expert in…

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US Local News

Vertaccount Celebrates 5 Year Anniversary

Last December 5, 2015, Vertaccount celebrated their 5 year anniversary with a black-and-white cocktail party at Grass Garden Resort in Plaridel, Bulacan. The event’s highlight was the screening of the entries for VA’s Top 5, a video making contest about the 5 things that makes Vertaccount special. Five teams were asked to come up with a 5-minute video…

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Global News

Vertaccount Partners With Full Suite

Vertaccount has finally conquered the Philippine market as we partner with local business advisory firm – Full Suite. Full Suite is a Philippine company that helps small businesses and entrepreneurs access top quality back office services like accounting, business registrations & renewals and HR services. Founded by Danella Yaptinchay, the firm caters to aspiring entrepreneurs and helps their businesses…

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PH Local News

COC Hawaii Hosts Back Office Outsourcing Forum

Back Office Outsourcing is here to stay. COC Hawaii hosted an event to help their members identify if outsourcing is for them or not. Last September 23, Bernice Parsons spoke in front of a crowd of entrepreneurs and business owners about making Back Office Outsourcing work. The event was organized by the Chamber of Commerce…

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US Local News