Archive for the ‘Blog’ Category

Hiring for Potential

26/06/14 2:28 pm | Comments (0) | Posted By:

  What's more important: experience or potential? In an accounting firm, experience can sometimes be the focus of a hiring decision. However, potential really is a smart hire. High performing potentials...that's a win. In Claudio Fernandez-Araoz's article 21st Century Talent Spotting in the June 2014 Harvard Business Review, he points out ...

Foreign Financial Asset Reporting: An unintended consequence

18/06/14 2:15 pm | Comments (0) | Posted By:

  The Foreign Account Tax Compliance Act (FATCA) became law in the United States in 2010. The provisions of the law focus on reporting for both U.S. taxpayers and foreign financial institutions to prevent tax evasion by U.S. citizens and residents through the use of offshore accounts. U.S. individuals must report information about certain for...

Tax Scams: Beware of Fake Charities!

12/06/14 9:41 am | Comments (0) | Posted By:

  At the beginning of the year, the IRS released its annual list of “Dirty Dozen” tax scams. The list covers a variety of scams, ranging from schemes perpetrated by taxpayers themselves (such as hiding income offshore or implementing abusive tax structures) to scams that are committed against taxpayers without their knowledge (such as phishin...

The importance of a budget

05/06/14 9:56 am | Comments (0) | Posted By:

  Saving money and getting your finances on track is not always an easy thing to accomplish. One of the most helpful things to do to accomplish these goals is to create a budget. There are many different reasons why someone would want to create a budget including retiring early, paying off debt, stop living paycheck to paycheck, etc. Once you...