With the passage of the One Big Beautiful Bill Act on July 4, 2025, Congress made long-awaited and significant updates to the federal Form 1099 information reporting rules. These changes adjust long-standing reporting thresholds and reduce paperwork for businesses. Here’s what’s new, how it compares to the old rules and why it’s a win for your…
The latest NetSuite 2025.2 release brings a wave of enhancements designed to streamline operations, improve user experience and ensure compliance across industries. NetSuite typically begins rolling out each release over several weeks; for the 2025.2 update, customers can expect provisioning to begin in late August and continue through September, though exact timing may vary by…
A chemical manufacturer’s sales cycle can vary based on the channel type (direct or indirect, collaborations, international, existing customers, etc.). There is a core set of NetSuite CRM features that are vital to successfully converting prospects into customers and maintaining long-term relationships. Below are the key features we typically set up for our clients, organized…
Starting January 1, 2026, the 12th Edition of the USALI (Uniform System of Accounts for the Lodging Industry) will mandate several key updates to the chart of accounts for hotels, which aim to enhance transparency, data accuracy, and operational efficiency and align with the evolving needs of the hospitality industry. These changes include improved energy…
In the competitive and highly regulated world of Professional Employer Organizations (PEOs), trust and compliance are everything. That’s why ESAC accreditation — the gold standard for financial and operational reliability in the PEO industry — is more than just a badge of honor. It’s a strategic asset that can elevate your organization’s credibility, reduce risk,…
Latest Update: As of September 3, 2025, the Treasury Department released its preliminary listing of jobs that qualify under the “No Tax On Tips” Provision of the One Big Beautiful Bill Act. Click here to learn more. Update: As of August 7, 2025, the IRS announced that there will be no changes with respect to…
As businesses evaluate capital investments in production facilities, understanding the tax implications is crucial. A key opportunity introduced by the One Big Beautiful Bill Act (OBBBA) is the 100% bonus depreciation allowance for Qualified Production Property (QPP). This provision allows businesses to immediately deduct the cost of real property in the year it is placed…
As AI continues to evolve, it’s no longer just a tool for accelerating code; it’s becoming a capable partner across the entire software development lifecycle. In several recent projects, a lightweight model has proven effective during software development: one senior developer paired with AI, operating at the velocity and structure of a full agile team….
Massachusetts has officially launched its Live Theater Tax Credit Pilot Program, a bold initiative aimed at revitalizing the state’s cultural economy and reinforcing its reputation as a premier destination for theatrical production. Spearheaded by the Massachusetts Office of Travel and Tourism (MOTT) in collaboration with the Massachusetts Office of Business Development (MOBD), the program is…
E-commerce businesses often face high transaction volumes across multiple platforms, which presents significant challenges for reconciliation and bookkeeping. The variety of sales channels, such as branded websites, Amazon, Etsy and social media shops, creates complexity that demands robust e-commerce accounting software to help manage. One major pain point for e-commerce businesses is disparate data sources….