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KPMG introduces new service for small and mid-sized Businesses

Niji Ng

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Photo source: KPMG LLP
Reading Time: 2 minutes

 

Big 4 Firm’s New Proprietary Technology Provides Online Accounting and Tax Services Tailored to Growing Businesses

KPMG LLP, the global audit, tax and financial firm, has launched a new technology-enabled solution, called KPMG Spark, for tax accounting. The new solution is designed to help small and mid-sized businesses comply with last year’s domestic tax reform legislation.

KPMG Spark blends automated technology with the “human in the loop” element to meet the unique accounting and tax needs of small and mid-sized businesses.

The solution will offer accounting assistance to clients from the pre-revenue stage to upward of $50 million annually. The tool makes use of a technology platform KPMG acquired last summer a business then known as Bookly. The solution responds to new regulations required under 2017’s Tax Cuts and Jobs Act (TCJA) and expands Bookly’s previous offering, which solely provided cash-basis accounting assistance to small companies.

“Robotic process automation, intelligent automation and other emerging technologies are just beginning to disrupt the accounting and tax services industries,” said Jeffrey C. LeSage, Americas Vice Chairman – Tax at KPMG. “KPMG Spark reflects KPMG’s commitment to bringing innovative solutions to an expanding range of clients so we can help them drive growth, gain efficiencies and create greater value.”

KPMG Spark, through its online solutions, provides small and mid-sized businesses with bookkeeping, tax preparation, and related services, supported by dedicated staff. The service’s solutions are appropriate for a range of enterprises, from small and closely held businesses and private companies to family offices, venture-backed startups and exempt organisations.

“I’m so optimistic about the opportunities ahead to work with this exciting group of clients, not only with our current solutions but also with what we are working on for the future,” said Zach Olson, who joined KPMG as a managing director as part of the Bookly acquisition. “The KPMG Spark solutions are designed to give business owners the tools they need to gain back the time they are spending on finance management, so they can pursue their passions and grow their businesses.”

“KPMG and our team share a vision for leveraging technology to disrupt the old way of doing things and bring greater value to businesses and their owners,” Olson added.

Niji has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. Besides reporting industry headlines from all around the globe, Niji is also head of the content management team at Impressions Content Management, based in Kerala, India, which offers writing and editing services to clients around the world.

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Brand and Marketing

CGI completes two decades on the NYSE

Niji Ng

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CGI executives ringing The Closing Bell at the NYSE (CNW Group/CGI Group Inc.)
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CGI, an IT and business consulting services firm founded in 1976, has cinketed 20 years on the New York Stock Exchange. The executives rang The Closing Bell® at the NYSE, as part of the 20th year ceremony.

George D. Schindler, President and Chief Executive Officer of CGI, said “There has never been a more exciting or opportune time in our history to accelerate growth, both organically and through further consolidation. CGI has both the capacity and the intention to do so for the ongoing benefit of our clients, our consultants, and our shareholders. Since our founding in 1976, we have built a culture anchored around a Dream: To create an environment in which we enjoy working together and, as owners, contribute to building a company we can be proud of. CGI is built to grow and last, and we are just getting started.”

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Business

RAVE Reviews announces 50 best Christmas movies

Niji Ng

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Reading Time: 2 minutes

 

RAVE Reviews, the innovative website that ranks entertainment programs based on advanced data-driven analysis, has released a list of “50 Best Christmas Movies. ”

“With the holiday season in full swing, we decided to compile a list of popular holiday films. Our goal is simple: motivate people to dust off the classics and go for a nostalgic spin,” said Hillary Miller, Managing Editor for RAVE Reviews.

RAVE used data from other websites like Rotten Tomatoes and IMDB to compile the list. The 1965 film A Charlie Brown Christmas tops the list, while A Christmas Carol, released in 1951, comes second. A more recent film, A Christmas Prince, released in 2017, comes third.

Here is the full list.

  1. A Charlie Brown Christmas – 1965
  2. A Christmas Carol – 1951
  3. A Christmas Prince – 2017
  4. A Christmas Story – 1983
  5. A Christmas Tale – 2008
  6. Arthur Christmas – 2011
  7. Bad Santa – 2003
  8. Batman Returns – 1992
  9. Ben is Back – 2018
  10. Black Christmas – 1974
  11. Brazil – 1985
  12. Carol – 2015
  13. Die Hard – 1988
  14. Elf – 2003
  15. Fanny and Alexander – 1982
  16. Gremlins – 1984
  17. Happy Christmas – 2014
  18. Holiday Inn – 1942
  19. Home Alone – 1990
  20. Hook – 1991
  21. How the Grinch Stole Christmas – 1967
  22. It’s a Wonderful Life – 1946
  23. Jingle All the Way – 1996
  24. Joyeux Noel – 2005
  25. Kiss Kiss Bang Bang – 2005
  26. Krampus – 2015
  27. Love Actually – 2003
  28. Meet Me in St. Louis – 1944
  29. Miracle on 34th Street – 1947
  30. Mystery Science Theater 3000: Santa Claus Conquers the Martians – 1991
  31. National Lampoon’s Christmas Vacation – 1989
  32. Polar Express – 2004
  33. Rare Exports: A Christmas Tale – 2010
  34. Rudolph the Red-Nosed Reindeer – 1964
  35. Scrooged – 1988
  36. The Bishop’s Wife – 1947
  37. The Family Stone – 2005
  38. The Holiday – 2006
  39. The Long Kiss Goodnight – 1996
  40. The Man Who Invented Christmas – 2017
  41. The Muppet Christmas Carol – 1992
  42. The Night Before – 2015
  43. The Night of the Hunter – 1955
  44. The Nightmare Before Christmas – 1993
  45. The Preacher’s wife – 1996
  46. The Santa Clause – 1994
  47. The Shop Around the Corner – 1940
  48. Trading Places – 1983
  49. While You Were Sleeping – 1995
  50. White Christmas – 1954

How many of these have you watched?

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Business

What do Americans want to do with their tax refund?

Niji Ng

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Photo by rawpixel.com from Pexels
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A new survey by GOBankingRates, a personal finance news website has tried to obtain answers to the above question. And they got interesting results.

Predictably, the top option is to clear the debts. A majority of respondents, especially women, indicated that they would settle their debts with tax refunds. A second preferred option is to invest: 11 per cent of respondents ages 18–24 and 13 per cent of respondents ages 24–35 want to invest their refunds. Gen Xers ages 45–54 are the least likely to want to invest, with only 6 per cent choosing this option.

On average, Americans expect to receive $3,000 on their tax refund. This amount is close to the average tax refund taxpayers have received in recent years.

“It’s encouraging that the survey shows that the majority of taxpayers who expect to get a refund plan to use it to improve their finances,” says Cameron Huddleston, Life and Money Columnist at GOBankingRates. “A tax refund can feel like a windfall, but it’s important to keep in mind that it’s your money that you let the government hang onto all year. So it’s smart to use that money to pay off debt, build an emergency fund or boost retirement savings.”

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