SandMartin Blogs
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06 Jul 2020Outsourcing – A Key to Growth for US Third-party Administrators During the Crisis Covid-19 has posed a new set of challenges for US Third Party Administrators. We recognize that TPAs are undertaking some difficult decisions regarding their workforce, claims administration and client consulting. Overwhelmed with the influx of work related to new and existing benefit …
Continue reading “COVID Proof your TPA Practice with SandMartin Offshoring Solutions”
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06 Jul 2020The Past. The Present. The Future. SandMartin is embracing the challenges of UK Accounting Industry reforms and has the resources required to help small to large sized accounting firms thrive in these new conditions. Accountants are working long hours in processing furlough claims work and responding to the perpetual client queries about Government-backed financial support …
Continue reading “Recession-Proof your UK Accounting Practice with Quality Offshoring Solutions”
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21 Sep 2020Nobody ever imagined that this generation would witness one of the worst pandemics of humankind – COVID-19. However, we need to prepare for uncertain times when it comes to managing the Cash Balance Plan in our finance system. First, let’s understand what actually a Cash Balance Plan is and what Cash Balance Plan strategies you …
Continue reading “5 Pro Tips for Managing a Cash Balance Plan during a Pandemic”
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11 Sep 2020The year 2020 has emerged as one of the most challenging years in recent history, with the whole world responding and looking to recover from the health and economic challenges posed by the COVID-19 pandemic. COVID-19 has impacted every industry, causing businesses to revise budgets, amongst many other operational matters, in order to manage the …
Continue reading “A Look into the Future of Accounting: How US CPAs can Become Future-Ready”
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10 Sep 2020Third-Party Administrators are playing a pivotal role during times of economic stress by helping employers, companies, and households manage health & retirement plans as a cushion against losses. However, they have been exposed to many practical & regulatory challenges set out by Covid-19 in this highly competitive industry where the Top 10 TPAs in the …
Continue reading “The “Mantra” helping TPAs to thrive even during the pandemic”
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26 Aug 2020The financial downturn is causing widespread concern and increasing economic hardship for consumers, businesses, and countries around the globe. CPAs are grappling to deal with their business continuity plans and facing challenges relating to recoverability and impairment of assets, accounting for financial assets, preparation of forward looking cash flow estimates, contract modifications, government interventions and …
Continue reading “How US CPAs can Navigate Covid Implications & Lead Through the Crisis”
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26 Aug 2020HMRC announces Making Tax Digital Next Steps Alongside the Finance Bill 2020-21 draft legislation, the UK government has released various aspects of an ambitious ten-year strategy to create ‘a tax system fit for the challenges and opportunities of the 21st century’, putting significant focus on real time reporting of tax and adopting cutting edge technology …
Continue reading “HMRC announces Making Tax Digital Next Steps”
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24 Jul 2020Is your Outsourcing Provider Vulnerable to Cyber Risks? The scope of cyber risks is significantly expanding. Reports across the world suggest that as more people work from home during the Coronavirus pandemic, cyber security attacks have increased multifold. The Hill explains that the FBI’s Internet Complaint Center has received over 3,000 to 4,000 cybersecurity complaints …
Continue reading “Is your Outsourcing Provider Vulnerable to Cyber Risks?”
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23 Jul 2020The COVID-19 pandemic has created a truly unprecedented situation that affects us all, while accountants are the ones trying their best to save businesses and restore economic normalcy. Under the Coronavirus Job Retention Scheme (CJRS), UK accounting firms have been swamped with the claims work being carried out for clients in respect of furlough pay …
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01 Jan 2018What’s Cloud Accounting? The cloud is a platform to make data and software accessible online anytime, anywhere, from any device. The word cloud (also phrased as “the cloud”) is used as a metaphor for “the Internet,” and it means “a type of Internet-based platform,” where different services — such as servers, storage and applications — …