NatWest chair says best way to help poorest is through benefits

The chairman of NatWest bank has argued that changes to the benefits system would be the most effective way for the government to help the poorest families struggling to cope with the cost of living crisis, instead of cutting taxes that also give the wealthy a financial boost.

Sir Howard Davies, a former deputy governor of the Bank of England, said soaring energy bills and rampant inflation were disproportionately affecting the poorest fifth of households and they should be the focus of financial support measures.

“The squeeze on living standards as a result of higher energy prices and higher food prices is really extraordinary,” he said. “If you look at what people would need to do on their discretionary spending in order to offset those increases it’s massive. The bottom 20% of the population, they would have to reduce their discretionary spending by 20% to stay even financially.”

Davies said … Read more

Why is it Important for Accountants to be Ethical?

Accounting ethics is all about representing the accounting profession properly. Ultimately, every accounting professional has to show that they have professional competence and proper training and that they understand the ethical principles of the work they are carrying out.

But why is it so important for accounting professionals to show a deeper understanding of ethical guidelines than maybe other professions?

Well, today, we’ll explore the professional ethics in accounting and discuss accounting practices in greater depth to understand exactly that.

Understanding Accounting Ethics

The accounting profession needs guiding ethical codes for a number of different reasons. For example:

  • They deal with sensitive information
  • They are seen as professionals who should have proper understanding and training
  • They must keep their independence and objectivity to provide fair and accurate information
  • They are being relied upon by others in the business (business partners, fellow accountants, etc.)

Without fair and accurate reporting as a … Read more

Invoice Home: Empowering Small Businesses, Entrepreneurs, and Freelancers, One Invoice at a Time

Invoice Home, a leading invoice generating software, was founded by Petr Marek, the President/CEO, and Jiri Hradil, the CTO/CEO of Invoice Home, with a vision to contribute to the success of small businesses, entrepreneurs, and freelancers by catering to their invoicing needs.

When one thinks of an invoicing solution service, it is natural to assume it as a mundane and seemingly bland operation, and the sector is quite saturated too. All these crucial factors were taken into consideration when Petr and Jiri set out to find Invoice Home. This resulted in the company addressing all these major issues of the field and creating software that is not just user-friendly and unique but also visually appealing.

Invoice Home makes the tedious task of creating invoices easy and interesting. With over 300 distinctive templates specially designed by branding professionals in multiple languages, Invoice Home is catering to the … Read more

Transformify: Revolutionizes the Way Companies Hire, Manage, and Pay

The way people do tasks or work is evolving every so often. With the changing work models, businesses have to face many difficulties to adapt their workforce so as to bring more operational fluidity and stay ahead of the competition. This is the reason why a company leverages workforce management systems.

To hire, pay, and manage gifted applicants, the company must have keen eyes and a thorough understanding of the needs of business clients. Every business has many different considerations regarding the way they work and the personnel they will need to carry out the daily operations.

Transformify assists organizations to hire whenever, wherever, without wasting valuable corporate resources to stay compliant with a set of global laws and regulations by simplifying the international hiring process and removing bottlenecks. They are growing swiftly and are dealing with a growing number of corporate clients on their needs, including some of the … Read more

Tungsten Network: A Reliable Global Partner for Business Transaction Compliance

In a business organization, there are multiple departments where errors are not affordable. One of them is the billing department. Once the business formalities are processed, organizations today expect quick, error-free invoicing compliance from their clients. In such a scenario, the smallest error or delay can cause major inconvenience, making other parties question your organization’s business efficiency.

As it is commonly known, the billing process is a long and tedious task. It requires professionals to manually enter data multiple times. It is one of the most common reasons for errors in billing, invoicing, or other commercial procedures. Businesses of today are working hand in hand with transaction partner companies to automate the billing process.

In pursuit of minimizing billing errors and delays, Tungsten Network is a valuable partner for businesses worldwide.

This multinational corporation is an ideal solution for clients from various territories to digitize their complex transaction and billing … Read more