IRS

How will the Supreme Court sales tax ruling affect accountants?

How will the Supreme Court sales tax ruling affect accountants?

The U.S. Supreme Court decision expanding nexus to out-of-state online retailers continued to dominate the accounting news this week; analytics company Domo went public as watchdog warns 'stay away from this IPO'; LeaseAccelerator raised $30M in funding for lease accounting software; how Walmart is leading an effort to track its grocery supply chain using blockchain technology; and more

New Survey Finds Accounting Teams Embrace Technology to Solve Hiring Challenges

New Survey Finds Accounting Teams Embrace Technology to Solve Hiring Challenges

Accountants are again taking a leadership role in their organizations with the adoption of cloud applications. According to FloQast’s new survey of accounting and finance professionals, 85 percent of respondents are facing increased challenges in hiring and retaining talent, and technology adoption is a key strategy in attracting and retaining talent.

What's New with NetSuite from SuiteWorld 2018

What's New with NetSuite from SuiteWorld 2018

I’m back today from SuiteWorld 2018 in Las Vegas. For those who couldn’t make it to SuiteWorld (or those who skipped the keynote to sleep in), I’ve summarized my key takeaways regarding new NetSuite products and future releases. 

Don't Be the Horse and Buggy

Don't Be the Horse and Buggy

Here's my latest collection of the top links I clicked on this past week, including a fascinating post from Google about how U.S. Hispanics are ahead of the curve when it comes to technology adoption, yet remain largely untapped.

Work-life balance top priority for Millennials

Work-life balance top priority for Millennials

Legislation to create an API at the IRS, study finds work-life balance top priority for Millennial professionals, 18 interesting people to follow in 2018, the best vlogging gear, why we need to kill recurring meetings, new CPA exam tech, and more

The Classification of Bitcoin and Cryptocurrency by the IRS

The Classification of Bitcoin and Cryptocurrency by the IRS

IRS guidance is silent on which section of the tax code cryptocurrency falls into. This has major implications for the tax treatment of transactions involving Bitcoin. Read Craig Smalley's analysis on CPA Practice Advisor.

The Future of Jobs is Emotional

The Future of Jobs is Emotional

Lots of interesting stories this past week, including a piece in the New York Times about how automation is threatening the $150 billion Indian IT industry. Productivity gains are making it cost effective to “onshore” jobs that were being rapidly offshored not that long ago.

Automation & Time Theft

Automation & Time Theft

Xero adds tracking categories to new reports, IRS eliminates 7k jobs, time sheets and time theft, Zenefits user conference is 10/18, Wayne Schmidt on the future of the profession, Catching Clouds is hiring, when you don't have time for marketing, and how Sara Blakely started Spanx

Cloud Accounting Weekly #19

Cloud Accounting Weekly #19

CPA wins gold at the Olympics, how excercise makes you a higher-performing person, revamping team compensation in nontraditional firms, how to do LinkedIn in only 15 minutes per week, how to automate your accounting firm with Heather Prantis, and more

Starting out as a freelancer? Get an EIN, ASAP

Starting out as a freelancer? Get an EIN, ASAP

When you work as a freelancer, employers who are on top of their accounting game will always ask you for a signed W-9 form before they pay you the first time. Most freelancers just use their Social Security number as their tax ID number on the W-9. This is a big mistake, unless you really, really trust the company you’re working for.