It has now been two years since the Financial Accounting Standards Board (FASB) issued its final standard (Topic 842), which delineates the changes that will be made to lease accounting. The changes were debated for a number of years and, due to the significance of the changes, the FASB applied a rather long adoption period: […]
3 Sales Tax Developments Online Sellers Need To Understand
The past year proved that this is a critical time for online marketplace sellers, as more states enact sales tax nexus legislation that targets online sellers. States want to capture some of the growing revenue as people increasingly turn to online marketplaces, such as Amazon, for their shopping needs, in turn increasing online seller tax […]
Should You Take Out a Second Business Loan?
It’s a good time to be the owner of a small accounting firm. Despite the many large corporations that seem to dominate the marketplace, small firms are still the backbone of the American economy. And, according to the U.S. Treasury, since the Great Recession, banks participating in government-funded programs to back small businesses have boosted their […]
The Defining Categories of Accounting Firm Practice Management
Over the past decade, practice management for accounting firms has evolved dramatically. There is perhaps no better illustration of this than by considering how the term itself — practice management — is defined quite differently by legacy venders like Wolters Kluwer or Thomson Reuters, compared with modern players like Karbon. Major changes in the profession — including […]
Zoho Transactions Approval Aims to Reduce Mistakes in Purchase Orders
A new feature called Transactions Approval from Zoho will lower or get rid of mistakes made during sales and purchase transactions within the Zoho Finance apps, the company says. With this new feature, you and your employees will be able to verify and approve transactions within Zoho Books, Zoho Invoice and Zoho Inventory apps. Having […]
Pair of Upcoming Webinars Can Help Your Business with Financing, Budgeting
Small businesses looking for financing have way more options today than they would have in the past. But all those extra choices can lead to confusion for small business owners. If you’re trying to sort through the range of financing options available to small businesses, an upcoming webinar might be able to help. The webinar, […]
Getting the Right Funding Can be Daunting – But There is Hope
Sponsored Post Vendedy is the first social network designed to connect global travelers to street markets. Founded by Forbes30Under30 Entrepreneur Christine Souffrant Ntim, the small business’s goal is to digitize the $10 trillion dollar street market economy and make it accessible to anyone and everyone. But when Ntim started out, she had an incredibly difficult […]