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An occupation may become obsolete for a single reason, or for a combination of reasons. Reasons for occupations to become obsolete fall into a number of groups: Cultural/fashion change, for example hoop skirt and crinoline manufacturers were significant employers in the 1850s and 1860s but they declined significantly in later years as fashions ...
Due to the risk of liability, CPAs and accounting firms may carry professional liability insurance to provide some protection from legal claims and lawsuits, although some firms choose to self-insure. [4] Concerns about high damage awards and insurance costs have led to proposals to limit liability for public accounting firms. [5]
Accountants have measures to deal with the impairment of assets (e.g. IAS 16) which seek to ensure that an entity's assets are not carried at more than their recoverable amount. [5] In this context, stranded assets are also defined as an asset that has become obsolete or non-performing, but must be recorded on the balance sheet as a loss of profit.
While you still have time to get your taxes in order, consider the following five mistakes that you should avoid, as explained by Tom Wheelwright, a certified public accountant (CPA) and CEO of ...
Lamplighter Monument in Budapest, Hungary, an occupation that was replaced by job obsolescence. Job obsolescence, [1] occupational obsolescence or skills obsolescence [2] is a situation in which an occupation loses its field of work or its competitiveness is reduced compared to another more efficient one that fulfills the same function.
Some people are worried that they might become obsolete and will have to change career paths. Others are already feeling the impact on their livelihood. ... accountant, telemarketer, data analyst ...
Structural unemployment is a form of involuntary unemployment caused by a mismatch between the skills that workers in the economy can offer, and the skills demanded of workers by employers (also known as the skills gap). Structural unemployment is often brought about by technological changes that make the job skills of many workers obsolete.
If you have an employer, both of you split the 12.4% Social Security tax, paying 6.2% each. If you're self-employed, you're responsible for paying the full 12.4%.