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
The big news this week is that the U.S. Supreme Court has issued a decision rewriting the rules on sales tax for online retailers. Now states can collect sales tax on orders shipped to their state, even if the retailer has no physical presence in that state. For details and analysis, take a listen to the latest episode of the Cloud Accounting Podcast.
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.
Big Four firm KPMG International has partnered with Google to create solutions, Slack's new Actions update means your team can do more work in one place, Vermont will pay people $10,000 to move there and work remotely, the majority of medium and large accounting firms have moved all their IT infrastructure to the cloud, why introverts are better at networking, and more
Want to hear a crazy stat? Jeff Phillips, CEO of the recruiting site Accountingfly, says that these days a remote or hybrid (combination of remote and local) job will get seven times the number of applicants that a traditional in-office job gets. For this and more of the top links I clicked on this past week, read the latest issue of Cloud Accounting Weekly.
It's not tools, but our ability to automate that makes us unique among animals; blockchain is mostly hype, but money transfer startup Veem is actually using it; why meetings are toxic; Catching Clouds Academy launches on YouTube; what drives workaholism; how digital nomads are hiring and firing their governments; and more
Laura Empson argues that professional services firms (looking at you, public accounting) deliberately recruit overachievers, then exploit their insecurity; new tax rules are speeding up automation; Thomson Reuters catches up... to the Xero and QBO of ten years ago; a terrible client experience caused by hourly billing; and more