KPMG UK Government and Public Services’ Post

The spring issue of FP Standard is available now! In the magazine, you'll find updates on what's happening at FP Canada and across the financial planning profession. Learn about FP Canada's 2024 Financial Stress Index, explore updates from the FP Canada Standards Council, stay informed about policy changes impacting the profession, and much more: http://spr.ly/6044gvtew #FinancialPlanning

Proactive Planning: Setting the Stage for Next Year’s TFIA Contributions As this financial year comes to a close, forward-thinking planning for your TFIA contributions in the upcoming year is crucial. Instead of a lump sum approach, consider regular, smaller contributions throughout the year. This strategy, known as 'dollar-cost averaging,' can potentially reduce the impact of market volatility and lead to a more disciplined investment approach. Begin by setting a monthly contribution plan that aligns with your budget and financial goals. This not only spreads out your investment but also helps in steadily reaching the annual R36,000 contribution limit without the end-of-year rush. Moreover, early planning allows you to adapt to changes in your financial situation and market conditions. Keep an eye on evolving investment opportunities and be ready to adjust your portfolio as needed. Regular reviews and adjustments ensure that your TFIA remains aligned with your long-term financial objectives. #advicebycoey #finance #taxsaving #financialyearend #southafrica

Elevate Your Financial Wisdom! Dive into the world of investments with our topic: "A Guide to Different Investment Vehicles and Accounts, Including New Government Initiative FHSA” Your financial knowledge matters! The webinar is AT NO COST. Feel free to message me for further details. #ParagonFinancialUniversity #InvestmentGuide #FHSA

Review a comprehensive analysis of the SECURE 2.0 Act and the many vital changes relating to IRAs and qualified plans at the Personal Financial Planning Conference. View the full agenda and register > https://bit.ly/4duSyGl

#Budget2024 FM takes cognizance of inputs from the Global Forum on Transparency and EoI. Introduces penalty for failure in complying with due diligence requirement for reporting in financial statements under CRS.

With the absence of an equivalent S114 legislative tool in Scotland, how can Scottish CFOs manage an unbalanced budget? CIPFA Senior Policy Manager, Joanne Pitt, explores the options in Local Government Information Unit (LGIU)’s briefing: https://lnkd.in/euNQMU99 Where balancing budgets becomes unfeasible, CIPFA advises engaging in the following: 1. Discussions with stakeholders before taking any action  2. Determining a timeframe for procedures  3. Reflecting on the role of government  4. Devising approaches for post-event actions For further guidance on managing the annual budget process, Scottish CFOs can access: - CIPFA’s role of the CFO in Local Government: https://lnkd.in/ekrnQUuR - CIPFA’s Financial Management Code: https://lnkd.in/eGJSBuWs #ScottishLocalAuthorities #S114inScotland #PublicFinance #PublicSector #budgetplanning

The Federal Board of Revenue (FBR) is grappling with a significant revenue shortfall of Rs 100 billion for the month of August. This shortfall poses challenges to meeting the government’s fiscal targets and may impact public sector spending. The FBR is expected to take corrective measures to address the gap and enhance revenue collection efforts in the coming months. #fbr #revenueshortfall #pakistaneconomy #fiscalchallenge #revenuecollection

Factors such as the evolving geo-political risks, energy supply shortages, rising energy prices and inflationary pressures are leading to an uncertain economic environment. There are numerous accounting implications across multiple areas such as going concern assessments, judgements and estimates, impairment of non-financial assets, etc. BDO's IFR Bulletin discusses many of these implications. The Bulletin also discusses some of the reporting implications of climate-related matters on the financial statements. https://ow.ly/Kc0l50Qp7Cl

A 'Watershed Year' for Financial Advice - FAAA The FAAA says 2024 will be a watershed year for financial advice in Australia, with its priorities focussed on making it easier and cheaper to provide advice, re-engaging with consumers and growing the profession...https://buff.ly/3RTMdLq #Riskinfo #FAAA #financialadvice #financialadvisers

📢 Attention Tribal CFOs, Treasurers, and Financial Professionals! Your input is vital in shaping the future of accounting standards. Responses to the technical plan prioritization survey are due by Monday, April 8th https://buff.ly/43ysgz3 #TribalFinance #GASB #AccountingStandards #FinancialProfessionals