Contributed by: Meaden & Moore.
Every two years, the Association of Certified Fraud Examiners (ACFE) publishes its Report to the Nations, which highlights key fraud trends. New to the study in 2022 were statistics on the role cryptocurrency plays in fraud. Here are the details.
Contributed by: RVKS and Associates.
Reducing the ramifications of long-term risks by putting in place control mechanisms and covering investment risks through hedging are among key risk management strategies. In today’s volatile and dynamic world, risk becomes an unavoidable aspect of any business. It would never be possible to eliminate risk, but at best, its impact can be minimised.
Contributed by: Floyd Advisory.
Summary of the U.S. Securities and Exchange Commission’s (“SEC,” “Commission”) Division of Enforcement’s Accounting and Auditing Enforcement Releases (“AAERs”) for the quarter and calendar year ended December 31, 2022.
As an independent consulting firm with financial and accounting expertise, Floyd Advisory is committed to contributing thought leadership and relevant research regarding financial reporting matters that will assist its clients in today’s fast-paced and demanding market. This report is just one example of how the firm continues to fulfill this commitment.
Contributed by: Fiducia.
In a major change to Hong Kong’s tax regime, Hong Kong companies without substantial economic activities will need to pay tax on their passive income from 1st January 2023.
Contributed by: Ashfords.
Recently, Ashfords held the International Recruitment Seminar, teaching businesses how to coordinate importing talent from overseas in response to the growing labour shortage in Australia. International recruitment has become more popular since the shortage of workers in Australia began. Businesses are interested in increasing their team productivity, expanding their access to skilled talent and diversifying their teams; all benefits brought by hiring international workers.
Contributed by: BKL.
If there’s one area of tax that has gone from being a niche area to one where questions arise daily, it’s cross-border employment. Most often, it is in the context of UK companies hiring local people in a foreign jurisdiction or foreign companies remotely taking on UK-based employees; we also see numerous temporary cross-border assignments which present their own challenges.
Contributed by: James Moore.
U.S. citizens are subject to U.S. income tax on their income from all sources, domestic or foreign. If they have foreign source income taxed by the source country, they can seek relief from double taxation by way of the foreign tax credit, if allowed, under U.S. law or from an applicable bilateral tax treaty with the source country.
Contributed by: CT&P.
The Great Resignation – the ever-growing exodus of people who decided, since 2021, to quit their job. This has led to the current staff shortage, affecting the global economy across all industries.
It’s been a little over a year since Anthony Klotz, a psychologist and Professor of Business Administration at Texas A&M University, coined a phrase destined to become famous when he stated that “the great resignation is coming”. Worldwide data indicates that his prediction was correct.
Contributed by: Clark Schaefer Hackett.
Data visualization is vital for financial and business leaders. According to recent studies, organizations with real-time data visualization can quickly obtain critical information 78% of the time. That’s 22% more often than organizations without it.
Strong data visualization capabilities make companies twice as likely to use data when making decisions, three times more likely to execute decisions, and five times more likely to make decisions faster than peers.
Contributed by: Gilligan Sheppard.
Are you looking to either invest in NZ or to move the family here while you retain your various connections – including investments in another jurisdiction? If so, the following brief introduction to NZ taxation will help you understand your potential exposures to pay NZ income taxes based on your individual scenario.