Digital Currency

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January 9, 2018 

Accounting Firm Revenues and Profits Continue to Climb

Revenues were up a solid 7.8%, a tad less than the prior year’s 8.1%. Growth from mergers accounted for 26% of total growth compared to 28% the previous year and 30% the year before. So from that, one could conclude that the impact of mergers on ...

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January 7, 2018 

Cryptocurrency 101: What You Need to Know

Currently, the US treats cryptocurrency as property. The IRS requires that the value of cryptocurrency be reported in US dollars with the fair market value determined at the time of payment or receipt. This calls for specific record keeping ...

Firm Automation

January 5, 2018 

Finance Pros Preparing for Innovation and Disruption

While AI and robotics may represent the long-term future of treasury management, more than half of finance professionals surveyed (52 percent) expect faster or real-time processing to experience major growth in payments innovation in 2018.

 5 Predictions for Accounting in 2018

December 21, 2017 

5 Predictions for Accounting in 2018

Regardless of the source, there’s a lot in motion that’s going to shake up the profession in the coming year. In the spirit of helping out our fellow accountants, here are a few predictions for the accounting professional in 2018.

 2018 IT Predictions for Tax and Accounting Firms

December 19, 2017 

2018 IT Predictions for Tax and Accounting Firms

University professor John M. Richardson summed up his view of the future by stating: “When it comes to the future, there are three kinds of people: those who let it happen, those who make it happen, and those who wonder what happened.”

Roman Kepczyk

 December 2017 Tax Channel

December 18, 2017 

December 2017 Tax Channel

In the case of cryptocurrency, we have a dichotomy where the IRS is treating the currency as property for income taxes, and then asking that the property be reported as a foreign bank account.

Craig Smalley

Accounting1

December 18, 2017 

December 2017 Accounting Channel

Young finance professionals at small and medium-size practices are a mobile group who seek out professional development and are well-equipped to deal with changes being driven by globalization and technology, finds a new report by ACCA.

Isaac M. O'Bannon

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December 4, 2017 

Why You Need a Payments Strategy

This may come as news to accounts payable professionals: You need a payment strategy, and I don’t just mean getting rid of checks. Everybody's been trying to do that for a long time, with only moderate success. But, that’s not a complete strategy. It’s on