In celebration of National Small Business Week, ADP recently gathered insights from nearly 18,000 small business owners across the U.S. Their feedback—rich with practical advice and hard-earned wisdom—provides a timely opportunity for accounting professionals to better understand the mindset of today’s small business leaders. For accountants serving small businesses, this data isn’t just informative—it’s actionable. From HR strategy to compliance…
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The issues surrounding payroll have changed dramatically over the last two years. With a significant percentage of the population working away from the office—and like to stay away, many businesses now have a work force in more than one state, meaning tax compliance is more complicated. The Great Resignation in which millions have changed or are changing jobs having clients asking…
Billreported strong revenue growth for its first quarter ended September 30. However, the payments software company sees growing economic pressure as slowing growth over fiscal 2024.
For the most recently ended period, the company lost $27.9 million, down sharply from a loss of $81.6 million in last year’s corresponding period. Revenue was slightly less than $305 million in the most recently ended period, an increase of 33 percent from slightly less than $229 million a year ago.
CEO Rene Lacertesaid during a recent earnings webcast the company has started to see increased macro economic pressure and singled out higher interest rates as having an impact. "Capital and cash have become less affordable for SMBs,” he said.
CFO John Rettig noted the economic pressure in the company’s outlook for fiscal 2024. He said standalone payment volume will be flat from last year. Overall, economic trends that started early this year are having a bigger impact. “We have seen further tightening by our customs and suppliers,” Rettig said.
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards. Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that. A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind
