Read my interview with Ed Kless on the Sage Advice Podcast. We talk about how my first career as a classical cellist was disrupted by automation, what drew me to accounting technology, and how teams in the accounting profession are increasingly becoming a mix of full-time employees, part-time employees, contractors, and outsourcing firms.
My #1 takeaway (& pics) from Xerocon Austin
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.
New Features and Improvements Announced at QuickBooks Connect
Intuit announced a number of new features and improvements at the annual QuickBooks Connect user conference. Read about the updates on the QuickBooks Blog.
Blockchain Solves a Problem from Antiquity
If you want to understand the value of blockchain and cryptocurrency, read this. It has nothing to do with the price of Bitcoin. That’s just a distraction. The true value is that it provides a distributed system for verifying claims of ownership — whatever they may be.
Review of QBO's Integrated Bill.com bill payments
Liz Scott reviews QBO Online Bill Pay powered by Bill.com, an app inside of QuickBooks Online. Read the full story on Insightful Accountant.
Read my review of Xero Projects on Accountex Report
Podcast: Is Hourly Billing Unethical and Unprofessional?
Ethical problems arise in hourly billing due to the misalignment of interests created by the system. It’s hard to be a good citizen in a bad culture. Don't miss this Soul of Enterprise podcast episode with Ed Kless and Ron Baker. Listen now.
Receipt Bank integrates with Xero HQ
Helena Wood, Head of Marketing at Receipt Bank, describes how the new integration with Xero HQ improves productivity for accounting and bookkeeping firms. Read the full story on the Xero Blog.
New in QuickBooks Online Accountant: Recurring Projects
This update to QuickBooks Online Accountant allows users to specify that a project and it's related tasks should repeat on a weekly, monthly, or annual basis. Read Charlie Russell's full review on Accountex Report.