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November 7, 2012
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  • IASB proposal to boost authority meets European resistance
    The International Accounting Standards Board laid out a plan "to establish a multilateral forum where representatives of the standard-setting community can come together with the IASB," Chairman Hans Hoogervorst said. However, the proposal hasn't been universally welcomed by Europe, which thinks its authority would be reduced. Reuters (11/1) LinkedInFacebookTwitterEmail this Story
  • Small-practice accountants should think like entrepreneurs
    Founders of accounting firms tend to think of their endeavors as accounting practices and not as entrepreneurial businesses. Wearing both hats -- professional and entrepreneur -- is important in keeping the firm viable. As an entrepreneur, you need to determine how you will find customers, the amount you will charge for services, to whom you are selling and how you will make a profit. Accountancy SA (South Africa) (11/2012) LinkedInFacebookTwitterEmail this Story
  • Accountants see emerging tech as game changer for profession
    Cloud computing, mobile, social media and Big Data will radically reshape the accounting profession, according to Wolters Kluwer, a Dutch tax and accounting firm that commissioned a survey of more than 400 U.S. accountants. Such emerging technology is expected to let firms get closer to clients and significantly enhance service. (11/5) LinkedInFacebookTwitterEmail this Story
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  • Property markets in tax havens are still booming
    One sign that the tax-avoidance business is flourishing, despite public outcry, is long-term office leasing in tax havens such as Luxembourg, Barbados and the Channel Islands. "It may sound counterintuitive, but what's been driving the Luxembourg market for the last 12 months is the financial sector," said Pierre-Paul Verelst, head of research for the Benelux region at Jones Lang LaSalle. Reuters (11/1) LinkedInFacebookTwitterEmail this Story
  • Starbucks' European tax strategy draws scrutiny
    Starbucks is able to report losses to European tax authorities while providing healthy cash flow to investors because it uses different measures of profit when reporting to investors and when filing tax returns, Chief Financial Officer Troy Alstead said. The company follows all rules and is legally optimizing its tax position, Alstead said. Public relations backlash to such tactics has been strong, and European politicians have called for investigations by tax authorities. Reuters (11/1) LinkedInFacebookTwitterEmail this Story
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