The adoption of artificial intelligence (AI) in finance has revolutionized how accounting firms handle accounts payable (AP), creating opportunities for increased accuracy, compliance, and efficiency. In the United States, where accounting firms adhere to strict standards under Generally Accepted Accounting Principles (GAAP) and often serve clients dealing with International Financial Read more…
Did you know? Outsourcing bookkeeping has become an increasingly popular solution for small businesses aiming to optimize operations, reduce costs, and maintain precise financial records. With access to professional services at a fraction of the cost of in-house accountants, small businesses can achieve accuracy and compliance while focusing on growth. Read more…
Introduction Setting up an efficient bookkeeping system is crucial for accounting firms, mainly when serving clients in regions like the USA and UK. Each region has its own regulations, accounting standards, and client expectations, making adopting a flexible yet comprehensive system essential. For CPA firms and accountants, implementing the proper Read more…
Introduction The countdown has begun—October 15 is just around the corner, and for those who missed the April tax deadline, this is the last chance to get everything in order. It’s easy to feel overwhelmed when you’re staring down the clock, knowing that time is running out. The panic of Read more…
The October 15 tax filing deadline is fast approaching, and businesses across the United States and Canada are feeling the pressure. Whether you’re filing in Florida, California, Washington, or Ontario, this critical period demands meticulous planning to avoid penalties and take advantage of potential tax-saving opportunities. This blog’ll break down Read more…
The world is getting smaller, and businesses are going global. But are your internal processes keeping up? For accounting and payroll firms like yours, managing an in-house payroll system for a geographically diverse clientele can be a time-consuming nightmare. Enter payroll outsourcing: a strategic move that can supercharge your growth Read more…
Let’s face it: tax season is enough to make even the chillest person sweat. Numbers, deductions, credits – it’s a confusing mess! But fear not, overwhelmed citizens of the world! Glocal Accounting is here to be your knight in shining tax armour (or should we say spreadsheet?). We specialize Read more…
Staying on top of tax deadlines is crucial for any business owner. Missing a filing or payment can lead to penalties and headaches. This blog post will serve as your guide to some key tax deadlines for businesses in the USA, UK, Canada, and Australia. Remember: These are general deadlines Read more…
Let’s be honest: Bookkeeping can feel like staring at a never-ending spreadsheet. It’s the unsung hero of running a business, providing crucial data for informed decisions, healthy cash flow, and navigating the often-daunting world of taxes. But for many business owners, it’s a necessary evil that wastes valuable time and Read more…
Ah, bookkeeping. The silent guardian, the watchful protector (or perhaps the nagging voice) of your financial sanity. In today’s fast-paced business environment (especially in 2024!), even the most meticulous CPAs and accounting firms can grapple with bookkeeping blunders. But fear not, fellow financial warriors! This blog equips you with the Read more…