Search Results for: iris
Which Country Has The Best Paternity Leave?
Legislative parental leave across the globe ranges from a generous 156 weeks (three years) – to none at all. Paternity leave can cause particular concern, because so many countries still treat fathers considerably different to mothers in this respect. Scandinavian countries are known to lead the way when it comes to paternity leave, offering parents […]
Key Considerations for Belgian Payroll in 2020
Belgium’s free-market system has always been attractive to foreign investment.With a competitive corporate income tax rate and simple process of delivering Belgian payroll, this small European kingdom has proven lucrative for many businesses.If you’re planning on sending US employees to Belgium, here are five key considerations to ensure a smooth payroll transition.Key Actions for Belgian […]
8 Best Countries to be Self-Employed
Self-employment has been steadily growing in popularity all over the world in recent years, and it’s predicted only to become more prevalent. In 2019, financial services company Payoneer carried out research to produce the Global Gig Economy Index, in which they asked more than 300,000 freelancers about their success. They found that year-on-year, freelancers in […]
Practice Engine reveals new name, website, and latest release
Today marks the beginning of a new chapter for Practice Engine. As we make strides to improve your experience with us and to help your organization look forward with confidence, we have a new name – IRIS Practice Engine. This reflects our close alignment with IRIS Software Group, our parent company, following last year’s acquisition. […]
Accounting Firm Workflow Challenges Checklist
What Is Workflow, And Why Is It Important For Accounting Firms?Workflow is defined as a ‘progression of steps (tasks, events, interactions) that comprise a work process, and create or add value to the organization’s activities.’ An effective workflow allows firms to:Use this checklist of 16 workflow issues to understand where workflow improvements can be made […]
Why Danes Appreciate the High Danish Income Tax Rate
Among many things, Denmark is known for being an expensive country in which its residents pay a high rate of income tax. However, it’s also known as being the home of some of the world’s happiest people. According to the UN’s annual World Happiness Report, Denmark is always among the top spots of the world’s […]
FASB Defers Effective Date for ASC 842 in Response to COVID-19
In a move to counter the effects of the COVID-19 pandemic on the implementation of certain accounting standard updates, FASB has on June 3rd announced the issuance of Update 20-05, Effective Dates for Certain Entities. This has an immediate effect with regard to GAAP-compliant financial statements.As well as setting new deadline dates for the implementation by “non-public […]
Countries with the Best Sick Leave
In the US, there is no federal law that says employees are entitled to paid sick leave. Throughout the coronavirus pandemic this has been a considerable source of controversy, as there have been many cases of employees being forced to choose between isolating and continuing to work while they exhibit symptoms. While there is no […]
Job management – why overcomplicate it?
Managing workload is key for any accounting practice to operate effectively and serve their clients well. But it is far too easy to over-complicate job management. In this article, we break down the process and assess how practices might benefit from adopting a more jobs-based approach. What counts as a job? All work performed in a […]
Need help staying on top of your government remittances?
As an employer in Canada, the CRA requires that you file payroll taxes accurately and on time. Staying up to date with government remittances can be overwhelming. It can be difficult to stay on top of paperwork and calculations. Do you have the correct forms? Which policies have been updated? Here’s what you need to […]
FASB ASC 842 Accounting Standards Updates
Is your organization up to speed with all the Financial Accounting Standards Board (FASB) updates for ASC 842? Since its publication in 2016, the FASB has issued several accounting standard updates and amendments to Topic 842, leases. These updates have often been issued to increase the transparency and comparability of lease liabilities on the balance […]
Applying ASC 842: The Impact of COVID-19
The issuance of Topic ASC 842 by the Financial Accounting Standards Board (FASB) took many years of planning, consultation, drafting and submission prior to its acceptance as a new lease standard in 2016 – it has not always been zealously adopted. COVID-19 appeared in Wuhan, China in December 2019 and has subsequently literally gripped the world. […]
