Kresnier Perez

International Financial Reporting Standard 4 (IFRS 4) was issued by the International Accounting Standards Board (IASB) in 2004 as an interim standard governing the accounting treatment of insurance contracts. The standard was developed to establish a framework for insurance contract accounting that addresses the distinctive characteristics and complexities of the insurance industry. Insurance contracts present […]

In the modern landscape of entrepreneurship, self-employment has become a viable and attractive option for many individuals seeking autonomy and flexibility in their work lives. However, with the freedom of being your own boss comes the responsibility of managing finances effectively. This is where accounting software plays a pivotal role. Designed to simplify financial management,

Payroll management is a critical function within any organization, serving as the backbone of employee satisfaction and operational efficiency. At its core, payroll management encompasses the processes involved in compensating employees for their work, ensuring that they are paid accurately and on time. This function is not merely about disbursing salaries; it also involves calculating

The Volunteer Income Tax Assistance (VITA) program is a federally-sponsored initiative that provides free tax preparation services to individuals and families earning $64,000 or less annually. Established by the Internal Revenue Service (IRS) in 1969, the program operates through partnerships with nonprofit organizations, community groups, and educational institutions to deliver tax assistance to underserved populations.

The Volunteer Income Tax Assistance (VITA) program is a federally-sponsored initiative administered by the Internal Revenue Service (IRS) that offers free tax preparation services to qualifying taxpayers. The program primarily serves individuals and families earning $60,000 or less annually, persons with disabilities, and taxpayers with limited English proficiency. VITA operates through a network of community-based

RG146, or Regulatory Guide 146, is a regulatory framework established by the Australian Securities and Investments Commission (ASIC) that defines competency and training requirements for individuals providing financial advice. The guide specifies educational standards that financial advisers must meet to demonstrate adequate knowledge and skills for advising clients on financial matters. RG146 covers multiple categories

RG146, or Regulatory Guide 146, is a pivotal framework established by the Australian Securities and Investments Commission (ASIC) that outlines the competency and training requirements for individuals providing financial advice in Australia. This guide was introduced to ensure that financial advisers possess the necessary knowledge and skills to offer sound advice to clients, thereby enhancing

Managed payroll services involve outsourcing payroll processing and administrative functions to specialized third-party providers. These services include calculating employee compensation, processing tax withholdings, administering benefits, and maintaining compliance with employment regulations. Organizations utilize managed payroll services to transfer the operational complexities of payroll administration to external experts, enabling internal teams to concentrate on primary business

In an increasingly globalized economy, the significance of local financial advice cannot be overstated. Local financial advisors possess a nuanced understanding of the regional economic landscape, including specific market trends, tax regulations, and investment opportunities that may not be apparent to those operating on a national or international scale. This localized knowledge allows them to

The HMRC mileage claim provides tax relief for individuals who use personal vehicles for business purposes. HM Revenue and Customs permits taxpayers to claim vehicle expenses, reducing taxable income for self-employed individuals and employees who incur business travel costs. Claims are calculated based on business miles driven and must comply with HMRC parameters to ensure