What is an Enrolled Agent (EA)? An enrolled agent (EA) is a person who has earned the privilege of representing taxpayers before the Internal Revenue Service (IRS) by either passing a three-part comprehensive IRS test covering individual and business tax returns, or through experience as a former IRS employee An EA is a federally authorized […]
It is well known that country-wise variations exist in accounting standards and financial reporting in the finance and accounting domain. In the USA the Financial Accounting Standard Board(FASB) assembled the prevalent practices and norms practised there in the shape of Generally Accepted Accounting Principles (GAAP) which indicates commonly accepted measures, principles and benchmarks upon compilation […]
Auditing and accounting contribute to being two crucial processes, which are associated with the financial activities as well as records of the business entity. The crucial difference between Accounting and accounting is that Accounting involves the technique of reporting, maintaining, and recording the financial affairs of the business organization, which depicts the financial status of […]
Finance is a critical part of our day to day life. Whether we are fulfilling our professional commitments or personal, finance finds its way into it. The importance of finance in a company is to make sure the business operates smoothly and to secure funds for the long-term goal. Finance professional’s play a vital role in […]
With the passing days, the role of data analytics within the finance industry has made an immense growth. Professionals these days are using the knowledge of data science, machine learning at the workplace to manage the organisational risk factors and increase the efficiency of the decision based on facts. In this blog, we will explore […]