Offshore Staffing

Common Mistakes Made by Firms (Mostly Small Firms) While Offshore Staffing

Common Mistakes Made by Firms (Mostly Small Firms) While Offshore Staffing

Introduction Offshore staffing has become a popular trend in the CPA industry, especially among small firms. It offers numerous benefits, including cost savings and access to a global talent pool. However, many firms make common mistakes that hinder their success in offshore staffing. In this article, we will explore these mistakes in detail and provide

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What is Journaling Entry Testing? Why Is It Important?

What is Journal Entry Testing? Why Is It Important?

Journal entry testing: Journal entry testing has to be done to recognize the risk of material misstatement in financial transactions due to fraud. The auditor has to test the nature, timing and extent of Journal entries whenever there is an instance of fraud. Journal entry testing can be done by the auditors who audit the

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Business Mileage Rates play a cardinal role in tax deduction

Business Mileage Rates play a cardinal role in tax deduction

Claiming a deduction for business mileage can be a better way to reduce your tax liability Mr. Taxpayer, but the IRS has strict mileage deduction rules in recent years. Under the new tax rule, you can claim a mileage deduction for: Independently employed individuals aren’t the ones in particular who can exploit mileage charge allowances,

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