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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Explore strategies for CPA firms to adapt to hybrid work models, including leveraging technology, enhancing cybersecurity, and fostering trust.
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Explore how technology is reshaping accounting with AI, cloud computing, and blockchain, enhancing efficiency and security in financial processes.
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Learn about the latest IRS cryptocurrency tax regulations, and how firms are adapting to maintain compliance within the rapidly evolving digital currency landscape.
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Explore the current trends in e-commerce sales tax regulations and how businesses are navigating these complex requirements with the help of technology and strategic planning.
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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…
Cloud software vendor Intacct is moving toward an initial public offering withinthe next year. The statement was made this week by CEO Robert Reid, CEO at the company's Advantage conference this week and represents a reversal of the direction the company appeared to be going a year ago.
Reid says the company will be ready and the things that could thwart and offering are issues such as market conditions and the political climate outside of its control.
"If we don't go, it won't be because of us," Reid said.
At Intacct's conference a year ago, Reid's comments suggested a public offering was less likely because debt financing was cheaper at that point than the cost of an IPO. In May, Intacct secured $40 million in financing through a new debt facility from Silicon Valley Bank.
Reid said the movement toward an IPO had been slowed by market expectations. Three or four years ago, he said, a company cold make an offering with $50 million in revenue while still losing money. Now, Reid continued, investors expect a profitable company with at least $100 million in annual sales.
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
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