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AcctTwo Blog

Ken West

Ken West

Recent Posts by Ken West:

COVID Has Made Digital Transformation Technologies Essential

“The notion of a tipping point for technology adoption or digital disruption isn’t new, but the survey data suggest that the COVID-19 crisis is a tipping point of historic proportions—and that more changes will be required as the economic and human situation evolves.”

Topics: General

What to Do If You Missed the 1099 Deadline

If you missed my post a couple of weeks ago about the 1099 deadline, or if you simply fell behind and didn't get all your 1099-MISCs out the door to your vendors by the january 31st deadline, don't despair. The world is still turning and life is going to go on. It's not the end of the world, and you can still get yourself in compliance relatively easily. Doing nothing because you think it's too late is not a good option, though. That can get you into trouble with the IRS.

Topics: 1099s back office Taxes Income Taxes compliance Awareness

1099 Deadline is Approaching

January 31st is the deadline for submitting 1099s to recipients. If you are a business owner, CFO, Controller or responsible for your company's accounts payable department or tax filings, you may know that 1099s are an informational return that is required to be filed with the IRS to report individual income that is not reported on a W-2 as wages, salaries or tips. There is often some confusion about the 1099 process and related rules, and the January 31st deadline sometimes sneaks up on companies.

Topics: Blog 1099s Taxes compliance Awareness

Changes in the Accounting Profession and How They Affect Your Business

As the Demand for Accounting Professionals Increases, How Do You Keep Your Business Moving Forward?

AcctTwo is not just the overall Business Partner of the Year as a reseller and implementation partner for Intacct's best-in-class ERP software. We also provide Business-Process-as-a-Service (BPaaS), known to some as Finance and Accounting Outsourcing (FAO) or Business Process Outsourcing (BPO), where we take on part or all of a midsize company's finance and accounting function. As the COO at AcctTwo, I've spent a great deal of time building our BPaaS team, and I can tell you from experience that finding and keeping great accounting talent is no easy task. A quick search on the internet will tell you that it's not just my problem - it's an industry trend.

Topics: FAO bpo Outsourcing Accounting BPaaS