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trullion: new a.i. startup targets rev rec, lease accounting

founder and ceo isaac heller seeks to be “single source of truth” for lenders.

with rick telberg
for 卡塔尔世界杯常规比赛时间

on the even of trullion breaking out of stealth mode, ceo and co-founder isaac heller tells 卡塔尔世界杯常规比赛时间 in this video interview how the new fintech company can automate the process of lease accounting to establish a cost-effective, functional view of contract data for auditors accounting firms and cfos alike.

more in tech: make tech your ally in protecting clients | satellite internet takes a promising step forward | survey: your top tech problem? | fireeye network audit tool targets solarwinds hackers | deliver internal reports digitally | space factories! darpa launches new program |

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formerly known as smrt, the trullion platform automates unstructured data such as pdfs and translates them into real-time financial reports, including lease accounting and revenue recognition.

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featured

hunting the amended return

chart of options
where’s my amended return? irs online self-assistance applications

 

what to tell clients when they ask.

by 卡塔尔世界杯常规比赛时间 research

long, long ago, humans began to use tools. technology began with the sharpened stick and the stone hammer and soon grew into the wheel, the arch, the printing press, electricity, interplanetary transportation, finally reaching a lofty pinnacle known as the “where’s my amended return” tool at the irs.

more: the irs studebaker bomb | imagine irs ‘concierge’ service. just imagine. | irs has recruiting problems, too
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today, with a few clicks of a mouse and a few keystrokes of information, a taxpayer can discover virtually nothing about the fate of an amended return. and it takes only a few minutes!
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featured

the irs studebaker bomb

1962 studebaker lark four-door sedan in daytona beach, fl, nov. 28, 2020
1962 studebaker lark four-door sedan in daytona beach, fl, nov. 28, 2020

that ticking you hear is time running out on the irs.

by 卡塔尔世界杯常规比赛时间 research

america is a great nation but not without its occasional embarrassment. one of the lesser-known national ignominies is the patched-up, jury-rigged studebaker at the core of the irs information technology system.

more: irs ‘level of service’ too low | irs has recruiting problems, too
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studebaker didn’t manufacture the individual master file system, but the company was producing the lark at about the same time the imf was installed at the irs in the early 1960s. studebaker has long since gone out of business, and larks are as dead as dinosaurs, but the imf is still chugging away.
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featured

imagine irs ‘concierge’ service. just imagine.

businesswoman arguing while talking on phonewe know you’re shocked.

by 卡塔尔世界杯常规比赛时间 research

here’s an idea: irs concierge service.

don’t laugh! it’s at thing. well … almost a thing. it’s a proposal for a thing, a thing that could happen.

more: irs has recruiting problems, too | team expectations: a checklist for busy season | you’re not just taxes | the happier, saner, richer tax firm | survey: a glint of optimism for 2021 | ppp traps: 1 in 5 accountants report shady dealings
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the notion was born of the taxpayer first act of 2019. the tfa requires the irs to create a comprehensive customer service strategy and present it to congress for approval. part of the current proposal is for a “concierge service” for taxpayers. in this context, “concierge” means “a seamless journey.”
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irs has recruiting problems, too

irs budget cuts lead to staff cuts, even as returns climb.
irs budget cuts lead to staff cuts, even as returns climb.

theirs stem from money woes.

by 卡塔尔世界杯常规比赛时间 research

the irs may a one-of-a-kind organization, with a unique mission, strengths, and weaknesses. but in at least one way, the irs is a lot like many tax and accounting firms.

more on tax season: team expectations: a checklist for busy season | you’re not just taxes | the happier, saner, richer tax firm | survey: a glint of optimism for 2021 | ppp traps: 1 in 5 accountants report shady dealings

 | goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

the problems, of course, are many. but one rises above all the others:  staff recruitment and retention.

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news

aicpa taps tom hood, acquires maryland society’s cpe business

hood, top, and brown, bottom, commenting on the news in an macpa video here

hood named executive vice president for business growth and engagement.

by 卡塔尔世界杯常规比赛时间 research

in a move rocking the cpa profession, the association of international certified professional accountants (more commonly known as the aicpa) has hired tom hood, former executive director and ceo of the maryland association of cpas, as executive vice president for business growth and engagement.

hood reports to barry melancon, aicpa ceo since 1995.

in addition to hood’s appointment, the aicpa acquired the business learning institute, the macpa cpe arm, launch by hood in 1999,  and one of the nation’s top 10 cpe providers, with about 400 courses in its catalog. hood will continue as bli’s top executive.

the news carries a number of implications, including:

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client service opportunities

peer-to-peer: your best advice for 2021

clockwise-from-top-left-raizen-wehr-paulson-swigert-anderson-stitely.png
pivoting to 2021 (clockwise from top left): raizen, wehr, paulson, swigert, anderson, stitely

‘clients still need us.’

by 卡塔尔世界杯常规比赛时间 research

keep calm and carry on.

that may be the best overall advice for the situation we’re in.

more in surveys & research: survey: a glint of optimism for 2021| accountants say: brace for a dismal 2021 | ppp client fraud: how much risk is too much? | ppp traps: 1 in 5 accountants report shady dealings | cloudy forecasts call for rainmaking

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and by “we,” we mean “everybody in the world.” because everybody’s got it tough. whether covid has touched close to home or not, its presence is impacting everyone.

but… how should accountants carry on? we asked. and you – the readers of 卡塔尔世界杯常规比赛时间 – delivered. adapt, pivot, focus on the client, watch your expenses – just a few of the themes gleaned from the 卡塔尔世界杯常规比赛时间 business barometer.

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featured

survey: 60% say work-from-home may be permanent

data chartonly 21 percent plan to shrink their space; cybersecurity less of a concern now.

by 卡塔尔世界杯常规比赛时间

although covid-19 has hit most business sectors hard, executives have come to recognize the productivity of employees following a work-from-home (wfh) model … so much so that they’re largely willing to continue allowing remote work even after widespread adoption of a coronavirus vaccine.

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these are two of the key findings from eisneramper llp’s executive survey, which gauged the outlook of 273 business owners, c-suiters, family office executives and high-net-worth individuals who attended eisneramper’s virtual national business summit on dec. 2.
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charts & graphs

survey: a glint of optimism for 2021

accountants expect to out-perform their clients. is that a good thing?

by 卡塔尔世界杯常规比赛时间 research

patrick mcdermott, of mcdermott & apkarian in orcutt, calif.
patrick mcdermott: fine-tuning the work-from-home model.
a certain tiny germ whose name we need not mention is making life tough for a lot of people and businesses. accountants are no exception.

the 卡塔尔世界杯常规比赛时间 business barometer is turning up a few cases of covid-19 that shut down cpa offices at the height of the season. and even where the infection hasn’t managed to muscle its way into the office, firms are taking draconian measures to keep operations up and running.

more in surveys & research: accountants say: brace for a dismal 2021 | ppp client fraud: how much risk is too much? | ppp traps: 1 in 5 accountants report shady dealings | cloudy forecasts call for rainmaking

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the busy season barometer is finding cpas cautiously optimistic about their own futures. only one percent think the next 12 months will shape up “much worse” for their firms and families. some 15 percent think their firms will do “somewhat worse.” twelve percent are similarly concerned for their families. about half foresee no change. about a third actually think their economic situation might improve.

but accountants turn quite a bit more pessimistic when they look a little farther from home. while only 16 percent think their firms will do worse over the next year, 36 percent think their clients will do worse.

uh-oh! can cpa firms do better if their clients are doing worse?

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charts & graphs

accountants say: brace for a dismal 2021

as if 2020 wasn’t bad enough, next year could get worse.

2020: better or worse?

by 卡塔尔世界杯常规比赛时间 research

as the pandemic spikes into winter, most accountants haven’t got much good to say about their perpetual busy season, according to the latest readings from the 2020 卡塔尔世界杯常规比赛时间 busy season barometer. and they’re decidedly pessimistic about the nation’s economic outlook.

more in surveys & research: survey: a glint of optimism for 2021| accountants say: brace for a dismal 2021 | ppp client fraud: how much risk is too much? | ppp traps: 1 in 5 accountants report shady dealings | cloudy forecasts call for rainmaking

goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

if you’re finding 2020 somewhat worse or much worse than last year, you aren’t alone. fifty-three percent of respondents are right down there with you. only 20 percent dare say it’s about the same.

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news

avalara acquires business licenses llc for $97 million

follows deal for transaction tax resources inc.

via avalara

avalara, a leading provider of tax compliance automation software for businesses of all sizes, is aquiring the operational assets of business licenses, llc, a company that provides software and services for the research, acquisition, and management of business licenses, registrations, and permits for businesses of all sizes. the transaction is valued at approximately $97 million in cash and stock.

last month, avalara acquired transaction tax resources, inc. to continue to build the industry’s leading content database for tax. with the acquisition of assets from business licenses, avalara furthers its pioneering vision of being part of every transaction in the world by supporting the compliance life cycle through advanced technologies.

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webinars & special events

wednesday, oct. 14: communicating your strategy – get your team rowing in the same direction, with jennifer howard elder

elder

get your team rowing in the same direction
with jennifer howard elder, cpa, ms, cma, cia, cff, the sustainable cfo
wednesday, oct. 14, 2:30 pm et
2 hours, 2 cpe
view details

learn how finance can help to communicate your organization’s business strategy throughout the entire company, enabling greater accountability and better strategically aligned decision-making.