DIRS.INFO The most relevant business & tech news

☆ 20 years of digital transformation, as seen by an IT expert
▼ + stars: | 2023-03-17 | by ( Sponsor Post | Created Insider Studios With Goto | ) www.businessinsider.com time to read: +7 min

Back then, the average person would hear the term "remote support" and probably think it meant getting help for their TV controller. Jaromi said he has seen teams increase their productivity between 20% to 50% by letting GoTo Resolve's efficiencies work for them. For SMBs, GoTo Resolve can often be their main IT presence. But Rescue and GoTo Resolve have constantly stayed a step ahead, building in the most secure layers possible. Looking to the futureOver his 18 years at GoTo, Jaromi has seen the company endure significant changes, from being an upstart innovator to an established industry leader.

☆ How to Pick a Financial Advisor
▼ + stars: | 2023-03-17 | by ( ) www.wsj.com time to read: +12 min

Read on to get started:Types of financial advisorsMany financial professionals, including financial planners, securities brokers, investment managers, and insurance brokers call themselves financial advisors so it’s important to know exactly what services an advisor provides before hiring one. Financial advisor designationsThere are myriad designations for financial advisors but only a handful that indicate the expertise most consumers need. CPAs, or Certified Public Accountants, can be certified with a Personal Financial Specialist credential, which combines their tax expertise with personal financial planning knowledge. How to find a financial advisorFinding a financial advisor is not so different from finding any other specialized service you’re in the market for. The right financial advisor can help navigate your financial life, from budgeting everyday spending to fulfilling long-term financial goals over a lifetime including the purchase of a home and a comfortable retirement.

☆ Dangers from Hacks Stretch Beyond Broken Computer Systems
▼ + stars: | 2023-03-15 | by ( James Rundle | Kim S. Nash | ) www.wsj.com time to read: +6 min

Newsletter Sign-up WSJ Pro Cybersecurity Cybersecurity news, analysis and insights from WSJ's global team of reporters and editors. Part of the delay, he said, was in getting details from the cloud company, which he declined to name. Cybersecurity companies should be held to a higher standard than others in relaying information about hacks quickly and thoroughly, Mr. Toubba said. The lessons learned from cyberattacks can be just as important as how a company responds to a breach, security chiefs say. LastPass has also rolled out several security tools in its infrastructure, data center and cloud systems, Mr. Toubba said.

Then came the derailment of a Norfolk Southern train on February 3, releasing toxic chemicals into the air and nearby water, and he fears crashing the value of his home. There are too many unknowns.”Stewart, 65, recently voiced his fury and sadness about what he lost to Norfolk Southern CEO Alan Shaw on a February 22 Town Hall about the derailment on CNN. Homeowners are worried that in addition to any health risks from the chemical release, the derailment has greatly diminished the value of their homes. I think they’re going to be in the crosshairs of the accountants of Norfolk Southern saying ‘We’re not going to pay full compensation.’”Norfolk can afford to compensate homeownersPaying the homeowners and businesses wouldn’t necessarily be difficult for Norfolk Southern. Those values are only a fraction of the money that Norfolk Southern earns.

The first step to finding a good accountant is to ask the people close to you who they recommend. Think about your own priorities and remember the essentials that any good accountant should have. Finding a "good" accountant can feel like a moving target, but it doesn't have to be. Editor's Rating 4.2/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Editor's Rating 4.6/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Editor's Rating 4.5/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Learn more On TurboTax's website Learn more On Tax Slayer's website Learn more On H&R Block's website1. A good accountant is a good communicator as much as they are a number-cruncher.

☆ UK economy rebounds with stronger-than-expected January GDP print
▼ + stars: | 2023-03-10 | by ( Elliot Smith | ) www.cnbc.com time to read: +3 min

LONDON — The U.K. economy grew by 0.3% in January, official figures showed on Friday, exceeding expectations as it continues to fend off what economists see as an inevitable recession. The U.K. economy showed no growth in the final quarter of 2022 to narrowly avoid a recession — commonly defined as two quarters of negative growth — but shrunk by 0.5% in December. The ONS said Friday that monthly GDP is now estimated to be 0.2% below its pre-pandemic levels. Despite the better-than-expected January print, economists still broadly believe activity is on a downward trajectory, as high inflation eats into household incomes and business activity. While extending energy support will provide some relief to struggling households, aggressive tax rises would risk eliminating any lingering momentum from the economy," Thiru said.

☆ Ron Howard and Brian Grazer's LinkedIn for Hollywood workers, which just raised $15 million, is disrupting how productions are staffed at Warner Bros, Paramount, and more
▼ + stars: | 2023-03-10 | by ( Lucia Moses | ) www.businessinsider.com time to read: +6 min

Ron Howard and Brian Grazer's Impact, a LinkedIn-like platform for Hollywood, recently raised $15 million. Hiring below-the-line crew members has largely been an offline process based on personal networks, Impact CEO Tyler Mitchell said. "We would have to find where the productions are, and more than anything, get people, whether they're independent films or other productions, using our products," he said. "I don't think there's a scenario where people will be using Impact to source 100 percent of a crew. The company has a database of 1.3 million people, including 30,000 crew members who are active users.

☆ She lost her job after her maternity leave. Now she leads an accounting institute
▼ + stars: | 2023-03-08 | by ( ) www.cnbc.com time to read: +1 min

As the fourth female president of the Institute of Chartered Accountants in England and Wales (ICAEW), Julia Penny knows what it takes to succeed in business. Despite her passion for her work, Penny's path to her job wasn't easy. "On the first day back of maternity leave with my first child, I got made redundant," Julia Penny told CNBC's My Biggest Lessons. "I talked with others, I talked with an old boss and they said: 'You could do (accounting) freelance. Those are just some of Julia Penny's five biggest lessons.

Real estate crowdfundingReal estate crowdfunding is a strategy that allows enterprises to raise capital from large groups of individuals. Real estate investment trusts (REITs)If you want to wade into real estate, investing in a real estate investment trust (REIT) will provide exposure to the market without the time and cost commitment of buying your own property. Invest in your own homeFinally, if you want to invest in real estate, look closer to home — your own home. Strategies for successful real estate investingWhatever form your real estate investment takes, certain strategies will stand you in good stead. Pure investment plays — which don't involve hands-on management from you — include real estate crowdfunding, investing in real estate limited partnerships, and buying into real estate investment trusts.

☆ Accountants Have to Go to College for Five Years. Some Are Rethinking That.
▼ + stars: | 2023-03-07 | by ( Lindsay Ellis | ) www.wsj.com time to read: 1 min

PricewaterhouseCoopers and Saint Peter’s University are testing a pilot program that substitutes a year of work for the traditional fifth year of college coursework. Accounting, a profession focused on numbers, is vexed by this one: the 150 college credit hours required to become a certified public accountant. The shortage of accountants in the U.S. has firms boosting salaries and sending work abroad. The cost of accounting work has been rising and some firms are turning away audit work because they can’t find enough CPAs. Efforts to recruit more students into the field have become a near-constant conversation now nationwide among CPAs and industry groups.

☆ FTX's lawyers and advisers cost $38 million for a month of work - and the bankrupt crypto exchange's new CEO charged $305,000 for February
▼ + stars: | 2023-03-07 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

The army of professionals working with FTX billed $38 million in expenses for January. FTX CEO John Ray III submitted a bill for $305,565 for the month of February. Those three firms have over 180 lawyers and over 50 other staffers working on the FTX case, per the CoinDesk report. Sullivan & Cromwell billed 14,569 hours of work in January for a total of $16.8 million. Meanwhile, FTX's trading arm sued Grayscale this week in a bid to claw back $250 million to repay customers.

☆ Lawyers, lies and a housewife: American Greed goes inside the story of Tom Girardi
▼ + stars: | 2023-03-07 | by ( Cnbc.Com Staff | ) www.cnbc.com time to read: +1 min

Personal injury attorney Tom Girardi is a legal legend and courtroom shark. He says he's a champion for the little guy, winning hundreds of millions in settlements for widows, orphans and scores of vulnerable victims. Today, Girardi is facing hundreds of millions of dollars in lawsuits alleging fraud, and his famous namesake law firm has gone bankrupt. Also, Erika had no control over Tom Girardi's firm or finances. Erika turned over her earnings to her husband and his law firm, who handled all finances along with outside accountants."

☆ Accountants Have to Go to College for Five Years. Minnesota Is Rethinking That.
▼ + stars: | 2023-03-06 | by ( Lindsay Ellis | ) www.wsj.com time to read: 1 min

☆ Embattled Adani Group receives a vote of confidence from U.S. asset manager
▼ + stars: | 2023-03-06 | by ( Seema Mody | ) www.cnbc.com time to read: +3 min

Chairperson of Indian conglomerate Adani Group, Gautam Adani, speaks at the World Congress of Accountants in Mumbai on November 19, 2022. Indranil Mukherjee | AFP | Getty ImagesIndia's embattled industrialist Gautam Adani received a much-needed vote of confidence from a well-respected U.S. asset manager ahead of a crucial bond roadshow that's underway. "Controversy is part of how you get better returns," Jain told CNBC in an exclusive interview. Jain's investment follows a massive decline in Adani's stock price amid criticism of the Indian firm's practices. Shares of Adani Enterprises and Adani Ports are up 66% and 23% over the past seven days, respectively.

☆ Trump lawyers complain there's so much evidence against Trump Org that they don't have time to review it
▼ + stars: | 2023-03-06 | by ( Laura Italiano | ) www.businessinsider.com time to read: +3 min

The NY attorney general's Trump Org fraud case is huge, the defense says in seeking a trial delay. The heftiness of Attorney General Letitia James' evidence was described by the defense in a recent court filing. The evidence filled four computer hard drives that the attorney general turned over to the defense in December. She is seeking to bar Donald Trump, Donald Trump Jr., Ivanka Trump, and Eric Trump from selling, buying, borrowing against or collecting rent from any property in the state. Trump's legal team has maintained that the attorney general is waging a politically-motivated "witch hunt" against him and his company.

Arslan, her husband and their three children survived for five days trapped under the rubble of their five-storey apartment building. I have no fears now that my family is beside me," Havva said as she sat beside a wooden picnic table after a family breakfast. On the night the quake hit, the parents and the three children rushed to hold each other when the violent shaking struck. As walls collapsed around them, the floor beneath gave way and the Arslan family fell one floor down, with the four floors above crashing down around them seconds later. "'My name is Fatmagul Arslan', I shouted.

His firm's policy for couples was to only file taxes under the husband's social security number. They'd been lost because I filed them under my social security number, but my accountant had filed our taxes with my husband listed as the primary taxpayer. It was ludicrous to me that I would file taxes for my business using my husband's social security number when he had nothing at all to do with the income. Editor's Rating 4.2/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Editor's Rating 4.6/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Editor's Rating 4.5/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Learn more On TurboTax's website Learn more On Tax Slayer's website Learn more On H&R Block's websiteAt first, I tried to stay calm. I couldn't help but think that the accountant would give me the side-eye if I suggested he filed his business tax under his wife's name.

☆ In battle with Attorney General Letitia James, Trump may force his nemesis Michael Cohen to testify in his defense
▼ + stars: | 2023-03-02 | by ( Laura Italiano | ) www.businessinsider.com time to read: +8 min

A new round of subpoenas has been served by both sides in New York's massive Trump fraud lawsuit. Attorney General Letitia James said in court papers she may try to redepose Donald and Eric Trump. It's over this and another approaching deadline that the two sides in James' lawsuit are now battling. Excerpt from court filing in New York attorney general's lawsuit against Donald Trump and the Trump Organization. Michael Cohen's subpoena from the Trump defendants in New York Attorney General Letitia James' fraud lawsuit.

☆ I made $1.7 million in revenue on Fiverr in under 2 years. Freelancers can thrive in a dicey economy — here's what's worked for me.
▼ + stars: | 2023-03-01 | by ( Georgia Austin | ) www.businessinsider.com time to read: +7 min

Austin made $20,000 a month by herself on Fiverr before hiring freelancers to help meet the demand. I started freelancing on Fiverr right before the pandemic hit and made $1.7 million in revenue over the following 17 months. Freelancers who see increasingly sophisticated AI content as an opportunity, not a threat, will come out on top this year. We're still unsure whether Google will rank or penalize AI content — something that will ultimately define its success. But, as with any quickly developing industry shift, freelancers must stay agile and informed to react, adapt, and take advantage of the unfolding changes.

The SEC in 2016 warned companies that non-GAAP measures that replace GAAP-based methods with individually tailored disclosure could violate its rules. That is up from 11 companies in letters released in January and February 2022. The SEC has long expressed concerns about companies placing too much emphasis on their non-GAAP disclosures compared with GAAP disclosures. Changing how certain non-GAAP measures are calculated can be embarrassing and even costly for companies, accountants said. Graham Holdings said it isn’t violating SEC guidance because it didn’t substitute an alternative recognition or measurement method for the related adjustments.

watch nowThe way in which you and your soon-to-be-ex approach your divorce will have a big impact on the final price tag. If your divorce is contested or your partner isn’t cooperative, it’s important to prepare your financial mindset accordingly. Know the tax consequencesIf you’ve previously enjoyed tax savings from joint filing and/or claiming child-related tax benefits, your first “single” tax bill may be very different from what you’re used to. Many child-related tax benefits such as dependent or education credits can only be claimed by one filer, so you may want to plan ahead and address this in your settlement agreement. Your divorce attorney can work with financial and tax advisors so you are clear on the tax implications and how you can plan ahead.

Even if you're not planning on lying on your taxes, make sure you're not accidentally doing anything wrong. You run the risk of being audited and facing harsh penalties when you exaggerate deductions or leave income out. While most people don't intentionally lie on their taxes, you should make sure you're not accidentally misrepresenting the facts. Editor's Rating 4.6/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Editor's Rating 3.7/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Editor's Rating 4.5/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Learn more On Tax Slayer's website Learn more On Liberty Tax's website Learn more On H&R Block's website1. If a taxpayer is caught doing this, it can result in fines, penalties, and interest charges on the amount of taxes owed.

☆ Michael Cohen and the Manhattan DA's Trump probe: It's complicated.
▼ + stars: | 2023-02-25 | by ( Laura Italiano | ) www.businessinsider.com time to read: +11 min

There are no security guards or obscuring metal gates when Cohen arrives for his weekly Trump probe sit-downs — just a dozen or so news cameras. "No," Cohen told The Daily Beast last April. By Bragg's sixth week on the job, the new DA, who'd never even met Cohen, told Pomerantz he "could not see a world" in which Cohen could be called as a DA witness. "Alvin Bragg is operating at Alvin Bragg's pace," Cohen told MSNBC on another appearance, after that 16th meeting. "The district attorney, and the team, I find them to be incredibly, incredibly competent and decent people," Cohen told Insider.

Figure out the documents you'll need, and as they arrive, keep them in one location. Get the latest tips you need to manage your money — delivered to you biweekly. That's why Guissinger recommends being proactive and getting a head start by listing out what income documents you should be expecting. "To reduce your income tax liability for 2022, you can still make IRA contributions, as well as some self-employed retirement plan contributions, and health savings account contributions," she says. Don't rush through your taxesWhile filing taxes can seem complicated, certified public account Michael Raiken says to take the entire process as slowly as you need to.

☆ Lack of Crypto Audit Regulation Raises Questions About PCAOB Authority
▼ + stars: | 2023-02-17 | by ( Mark Maurer | ) www.wsj.com time to read: +6 min

Additionally, there isn’t a regulatory framework for audits for many crypto companies. The SEC, which oversees the PCAOB, is reviewing how crypto companies portray reports from audit firms in the aftermath of the FTX collapse. The PCAOB—which sets audit standards, inspects audits and disciplines audit firms—has said it can only oversee audits of public companies and SEC-registered broker-dealers. In a letter last month to PCAOB Chair Erica Williams, they said the watchdog ignored what they called questionable practices by auditors of crypto companies. Even potential improvements to crypto audit regulation might not prevent fraud in the crypto industry, said Andrew Kitto, an assistant professor of accounting at the University of Massachusetts Amherst and a former PCAOB economic research fellow.

Search resuls for: "Accountants"

25 mentions found