Accounting weekly

Technology

How Crypto Is Taxed Around The Globe

Cryptocurrency is still going strong after 14 years. Though the industry has faced major setbacks like China’s crypto mining ban and sell-offs in January, Yahoo Finance reports that its market cap is still well above $1.3 trillion. In part, this is thanks to its large user base of over 3 million people. Crypto transactions are usually done …

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Accountants Have Benefited From Automation Since 3 000 BC. Why Should it Stop Now? 

Nicolaas van Wyk It’s a pity that in 1920 when archaeologists discovered 5 000 year old tablets along the Euphrates River in modern day Iraq, they didn’t speak to their accountant. The tablets and the strange symbols engraved on them would bemuse scientists for the next 50 years until an archaeologist eventually determined that they …

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SAIBA looks to metaverse for job creation

The South African Institute for Business Accountants (SAIBA) has developed a strategy to build a financial reporting supply chain metaverse, to upskill unemployed accounting graduates. As part of the initial phase of the project, SAIBA says it has created blueprints and manuals outlining its metaverse strategy. This will see the creation of virtual SMEs and accounting firms …

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The Modern CFO: At the forefront of business transformation 

By Jordaan Burger, Vice President Finance, Africa, Middle East and Asia-Pacific at Sage  In recent years, Chief Financial Officers have seen their role evolve like never before. From their beginnings as historians of financial data and past performance, they evolved to real-time analysts, and onto visionaries with predictive technologies at their fingertips.  Having looked at the …

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Migration to the cloud clears the way for finance leaders to harness the power of AI

By Mohammed Mosam, Director: Product Marketing at Sage Africa and Middle East Migration to the cloud is well underway in South Africa’s finance and accounting world. Financial leaders recognise the benefits of cloud-based business solutions, which enable them to become more agile and flexible. These solutions enhance responsiveness and provide accurate, real-time data needed to stay …

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Five tips for building a tech-savvy accounting practice 

By Viresh Harduth, Vice President, Small Business, Sage Africa & Middle East  We have entered the age of the digital accountancy practice. Organisations embracing digitalisation and becoming tech-savvy will gain a valuable competitive edge by improving their productivity, enhancing how they collaborate with their customers, embracing more flexible ways of working and even unlocking new revenue …

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Data Protection Day 2022: Remember the 3-2-1-1-0 backup rule

Data Protection Day is an annual opportunity to remind and educate businesses on the most-effective approaches to preparing for the multitude of threats to business continuity that exist in the global digital landscape. From strengthening defences against ransomware to training employees in regulatory compliance, a vital part of any Modern Data Protection strategy is the …

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