Search

Our resources are designed to support your journey, providing you with the tools and information you need to succeed.
SEARCH
shutterstock 2431282257 2330x1306

ESG SUSTAINABILITY

SCOPE Sustainability Challenges Can Hinder Progress Organizations face challenges in implementing and maintaining sustainable practices, including limited resources, complexity, stakeholder engagement, measuring and reporting, balancing priorities, resistance to change, scalability, credibility, regulatory compliance, and maintaining momentum. Contact Us OUR PRACTICE Our Expert Services for a Greener Future We offer sustainability services to help organizations reduce their environmental impact, including strategy development, audits, carbon footprinting, and more. Knowledge Our sustainability services encompass a comprehensive range of solutions designed to help organizations reduce their environmental footprint, achieve their sustainability goals, and create a greener future. Our team of experts can assist with strategy development, environmental audits, carbon footprinting, supply chain management, stakeholder

Read More »
shutterstock 2453211441 2304x1296

Preparing Your Organization for Generative AI Integration

Successful AI adoption requires more than just implementation. It demands strategic planning and governance to prepare the workforce and leverage technology for driving innovation and efficiency. In today’s competitive market, organizations are increasingly turning to generative artificial intelligence (AI) to enhance efficiency and integrate data seamlessly. However, successful AI adoption requires careful planning beyond initial implementation. It necessitates strategic planning and governance to ensure readiness across the organization. Equipping the workforce with the necessary tools and resources is crucial to prepare them for AI-driven changes and maximize success. This proactive approach is essential for managing AI transformations effectively, leveraging technology to drive innovation and efficiency. Establishing a solid foundation for integrating

Read More »
shutterstock 525237010 2246x1498

TAX POLICY

SCOPE Key Trends Shaping Modern Tax Policy The rise of remote work has led to increased scrutiny on cross-border taxation, while organizations are focusing on environmental, social, and governance (ESG) factors that influence tax strategy. Meanwhile, advancements in technology are streamlining tax reporting and analysis, making data-driven insights more accessible, and enhancing efficiency in compliance processes. Contact Us OUR PRACTICE Navigating Taxes, Maximizing Opportunities. We offer tax compliance and consulting, strategic tax planning, international tax advisory, and ESG taxation guidance. Our experts streamline reporting, manage transfer pricing, and provide audit support, helping clients navigate complex regulations and optimize their tax positions effectively. Knowledge Our tax services are designed to encompass

Read More »
photodune 396397 teamwork m

RISK ADVISORY

SCOPE Proactive Risk Management for Resilience By implementing effective enterprise risk management (ERM), organizations can elevate risk awareness, inform strategic decisions, and establish a solid foundation for achieving their objectives. Contact Us OUR PRACTICE Accelerating Innovation, Driving Success Our services help organizations manage risk and achieve success by identifying, assessing, and mitigating potential threats, ensuring business resilience and sustainability. Knowledge At Applied Accountancy, we understand that effective risk management is crucial for the success of your organization. Our team of experts provides tailored solutions to help you identify, assess, and mitigate risks that could impact your business. From enterprise risk management consulting to compliance and regulatory advisory services. With our

Read More »
shutterstock 722097295 2352x1568

TAX CREDITS & INCENTIVES

SCOPE Prioritizing Green Energy and the Digital Economy Tax credits and incentives trends are shifting towards sustainability, digitalization, and innovation, with governments offering benefits for green energy investments, research and development, and e-commerce and digital businesses to drive economic growth and competitiveness. Contact Us OUR PRACTICE Maximize Opportunities to Increase Growth We help businesses maximize tax credits and incentives by identifying opportunities, ensuring compliance, and optimizing claims for R&D, renewable energy, and other credits. Knowledge The US government offers a range of tax credits and incentives to encourage businesses to invest in research and development, hire employees from targeted groups, and support community development. For instance, the Research and Development

Read More »
shutterstock 2432337461 2476x1647

AUTOMOTIVE

SCOPE Revolutionizing the Road The automotive industry is evolving rapidly with trends like electric vehicles, autonomous driving, connected cars, shared mobility, e-commerce, sustainability, and advanced driver-assistance systems shaping its future. Contact Us OUR PRACTICE Expert Solutions for Dealerships, Manufacturers, and Suppliers Our expert accounting team helps automobile companies navigate the complexities of the automotive industry by providing tailored solutions to manage assets, liabilities, and cash flows amidst challenges such as fluctuating inventory values, depreciation, and tax laws. Knowledge Our accounting services for the automotive industry are designed to provide a comprehensive solution for all your financial needs. Our team of experts has in-depth knowledge of the industry’s unique challenges and

Read More »
shutterstock 710512939 2481x13195

CONSTRUCTION

SCOPE Building a Brighter Future The construction industry faces a growing demand for skilled labor, leading to innovation, including increased adoption of BIM and digitalization, a focus on sustainability and energy efficiency, and the use of prefabricated and modular construction methods. Contact Us OUR PRACTICE Building a Strong Foundation with Effective Accounting Our diligent accounting team can handle multiple projects, track changes and modifications, and provide real-time financial reporting. We track job costing, progress payments, and retainage, and assist the close-out process to ensure all costs are accounted for and final payments are received. Knowledge We fulfill a crucial role in managing financial transactions, including accounts payable, accounts receivable, and

Read More »
shutterstock 2428062875 2372x1333

TRANSPORTATION & LOGISTICS

SCOPE Bridges the Gap Worldwide With the rise of e-commerce and global trade, the demand for efficient and reliable logistics services has increased significantly, driving innovation in areas such as digitalization, sustainability, and technology adoption. Contact Us OUR PRACTICE Streamlining to Success in a Complex Industry Effective accounting is crucial for transportation logistics companies to manage operations, track finances, and optimize performance. It involves monitoring operational metrics, complying with tax regulations, managing inventory, and developing key performance indicators. Knowledge We provide an immediate impact to company efficiency. With our guidance for accounting and financial management, businesses can focus on the industry challenges of (1) increasing complexity and scale of operations,

Read More »
shutterstock 2271302521 2500x1667

INDUSTRIAL PRODUCTS

SCOPE Staying Ahead of the Curve The industrial product market is shifting towards sustainability, digitalization, and customization with the rise of Industry 4.0, increased adoption of IoT and AI, growing demand for eco-friendly products, and a focus on reducing supply chain complexity. Contact Us OUR PRACTICE Boosting Profitability & Simplify Financial Management Our expert accountants address the challenges in inventory management, long-term contracts and warranties, and research and development expenses, and the valuation and allocation of these items for financial reporting. Knowledge For companies that manufacture and sell goods such as machinery, equipment, and supplies, our team of experts provide tracking and reporting of complex inventory management, long-term contracts and

Read More »
shutterstock 1570893193 2304x1296

MANUFACTURING

SCOPE Embracing Change and Innovation The manufacturing industry is evolving with the adoption of Industry 4.0 technologies, a focus on sustainability and environmental concerns, the rise of e-commerce, and a need for customization and personalization. Contact Us OUR PRACTICE From Cost Control to Financial Analysis We help clients optimize their financial operations, ensuring accurate tracking of production costs, timely payment to suppliers, and efficient management of accounts receivable. With cost accounting, financial planning, and process improvement, our goal is to enable our clients to make informed business decisions and increase profitability. Knowledge At Applied Accountancy, we offer a comprehensive range of accounting services specifically designed for the manufacturing industry. Our

Read More »
shutterstock 2431282257 2330x1306

ENERGY

SCOPE Transforming for a Sustainable Future The energy industry is undergoing a significant transformation, driven by trends such as the shift to renewable energy sources, increased focus on energy efficiency and sustainability, and growing demand for natural gas and LNG. Contact Us OUR PRACTICE Expertise in Cost Management and Asset Valuation We provide specialized accounting services to the energy industry, focusing on complex financial transactions such as reserve valuation, royalty and tax calculation, foreign exchange management, and infrastructure asset depreciation. Knowledge Our team of experienced professionals provides customized accounting services to the energy industry, tailoring our approach to meet the unique needs of oil and gas companies. From financial statement

Read More »
shutterstock 2329825097 2245x1607

Clean Fuel Production Credit 2025

On May 31, 2024, the U.S. Department of the Treasury and the Internal Revenue Service (IRS) issued Notice 2024-49, which provides important guidance on the clean fuel production credit established by the Inflation Reduction Act (IRA). This credit, detailed in section 45Z of the Internal Revenue Code, is designed to promote the production of clean fuels, a key component in advancing the nation’s sustainability objectives. To qualify for this credit, producers must secure a signed registration letter from the IRS by January 1, 2025, making it essential for taxpayers to apply early to avoid any potential processing delays. When is the deadline?Producers are required to submit their applications by July 15, 2024, to ensure processing aligns

Read More »
shutterstock 2428062875 2372x1333

Unveiling the Biggest Supply Chain Challenges of 2024

Supply chain challenges are poised to escalate in 2024. Stay ahead of the curve by tackling these key issues to enhance resilience and drive growth. As global commerce evolves, supply chains are crucial in connecting producers, manufacturers, and consumers. However, this complex web of logistics faces significant challenges in 2024. Key issues impacting supply chain efficiency include geopolitical tensions, sustainability concerns, and technology-related vulnerabilities, alongside persistent challenges like long lead times, rising logistics costs, and manufacturing constraints. Sustainability and Environmental ConcernsAs environmental awareness rises, businesses face increasing pressure to adopt sustainable practices throughout their supply chains. For business owners, addressing sustainability is crucial not only to meet consumer expectations but

Read More »
shutterstock 2431282257 2330x1306

Tax Credits: Inflation Reduction Act of 2022

The Inflation Reduction Act offers organizations unique opportunities to leverage tax credits and drive innovation—unlock significant savings today by discovering how your organization can cash in on substantial discounts with these valuable incentives. The Inflation Reduction Act (IRA) introduces over 70 dynamic tax credits—ranging from investment and excise to production incentives—designed to propel the transition to cleaner energy. These credits aim to foster advanced manufacturing, encourage clean vehicle adoption, and significantly cut greenhouse gas emissions through alternative fuels and energy-efficient technologies. Moreover, the act enhances loan programs from the U.S. Department of Agriculture (USDA) and the Department of Energy (DOE), broadening access to vital funding. Beyond boosting investments in communities

Read More »
shutterstock 2110094846 2380x1587

The Future of Corporate Tax

Explore the future of corporate tax, influenced by globalization, digitalization, and demands for fairness. IntroductionAs the world of business continues to evolve, so too does the landscape of corporate taxation. With governments around the globe reevaluating their tax policies, the future of corporate tax is poised for significant changes that could impact businesses of all sizes. Whether you’re a small startup or a multinational corporation, understanding these potential shifts is crucial for strategic planning. In this article, we will explore the upcoming regulatory changes, their implications for businesses, and how companies can adapt to thrive in this new environment. The Shift Towards Global Minimum Tax Understanding the Global Minimum TaxOne

Read More »
shutterstock 2290939393 2406x1606

Financial Shared Services Centers

FSSCs enhance corporate financial operations by centralizing and standardizing processes, leveraging automation, and driving growth through innovation and technology, allowing organizations to thrive globally. The Financial Shared Services Center (FSSC) is a management strategy that consolidates the financial and accounting functions of multiple branches within a corporate group into a single, cohesive service center. This approach aims to improve efficiency and quality in financial processes by implementing scaled and standardized operations, lowering costs, and strengthening internal financial controls. In the current digital age, the finance landscape is rapidly evolving due to technological  advancements and changes in organizational structures. FSSCs play a vital role in this transformation, enhancing financial processes, increasing efficiency, and ensuring compliance with regulations. Understanding

Read More »
shutterstock 561526090 2400x1602

Blockchain-Based Asset Tracking for Accuracy

Explore how blockchain asset tracking boosts transparency, accuracy, and compliance in financial reporting for inventory-heavy sectors. Benefit from real-time tracking and immutable data for efficient audits and better supply chain management. Blockchain-Based Asset Tracking for Accurate Financial ReportingBlockchain technology is changing the way assets are tracked and finance reported in a data world. It is a secure, transparent, and immutable system that tackles most of the challenges industry players with inventories face, mainly on data accuracy and making it easier to report.  This paper discusses how blockchain allows the accurate tracking of assets along the supply chain and thereby improves the integrity of reporting in general. What is Blockchain-Based Asset Tracking?Asset tracking uses

Read More »
shutterstock 1935450535 2400x1600

ESG Controller in Corporate Governance

As the world increasingly prioritizes sustainability, a new role is emerging in the corporate landscape: the ESG (Environmental, Social, and Governance) controller. This position is rapidly gaining traction as organizations recognize the urgent need for transparent and accountable sustainability reporting. In a climate of heightened regulatory scrutiny and evolving stakeholder expectations, the ESG controller is poised to become a cornerstone of corporate finance, bridging the gap between financial integrity and sustainable practices. Why Are ESG Controllers Becoming Essential for Modern Corporations?The ESG controller oversees the development of corporate ESG reporting procedures, bridging finance, legal, and sustainability functions to navigate compliance complexities and ensure accurate sustainability disclosures. As non-financial reporting regulations multiply, organizations increasingly recognize the importance of applying

Read More »
shutterstock 1564228093 2296x1532

RPA in Finance & Accounting Applications

RPA technology is revolutionizing financial accounting by enhancing efficiency and enabling personnel development, with future AI integration promising even greater transformation. Robotic Process Automation (RPA) is transforming the financial accounting sector by enabling the automation of financial workflows. In the context of the digital age, this industry is undergoing a significant shift, as RPA technology enhances efficiency, accuracy, and compliance while alleviating the burden of repetitive tasks and lowering operational costs. 1. Introduction to RPA TechnologyRPA, or Robotic Process Automation, is a software technology designed to automate repetitive tasks by simulating human actions based on predefined rules. In financial accounting, RPA effectively manages numerous rule-based, repetitive business processes, including data entry, report generation, and account reconciliation.

Read More »
shutterstock 1570611190 2239x904

The Future of Remote Accounting Operations

Explore ways for accounting firms to shift to remote work effectively using tools for collaboration, productivity, and data security, The Future of Remote Accounting OperationsAs remote work is reshaping industries worldwide, accounting firms must start embracing new strategies to support remote work while staying effective, secure, and responsive to clients. Remote accounting work provides flexibility but also creates challenges to collaboration, productivity, and data management. Here’s an article on how firms can transition into fully remote accounting work while implementing the most important tools and best practices to keep accounting firms running smoothly in a virtual environment. Embracing Technology for Seamless CollaborationCollaboration is one of the most essential needs for smooth remote accounting. Employees require a

Read More »

RESOURCES

Search News & Articles

ARTICLE

Accounting Technology

The Future of Technology in Tax & Accounting
Accounting software automates and streamlines various accounting tasks, such as financial reporting and budgeting, improving accuracy, reducing errors, and increasing efficiency. This allows accountants to focus on higher-level decision-making and strategic planning.
Also of Interest:    Services     Industries     Careers