Viewing posts categorised under: Technology
Why business owners should regularly upgrade their accounting software


Many business owners buy accounting software and, even if the installation goes well, eventually grow frustrated when they don’t get the return on investment they’d expected. There’s a simple reason for this: Stuff changes.

Technological improvements are occurring at a breakneck speed. So yesterday’s cutting-edge system can quickly become today’s sluggishly performing albatross. And this isn’t the only reason to regularly upgrade your accounting software. Here are two more to consider.

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The Future of Work: Preparing Your Business for the “Gig Economy”
Business Ownership

riding in an uberx in seattleYou may have heard a lot of buzz lately about the new “gig economy” and how it’s changing the nature of work. If you’ve ever taken an Uber or Lyft instead of a taxi, or used Grubhub to get food delivered to your home, you’ve taken part in the gig economy, wherein individuals work as contractors for different companies, taking gigs as they pop up.

This is significantly different than work in the past, where employees worked for only one company full-time. Part of this change has been catalyzed by new digital technology like smartphones and ubiquitous high-speed mobile coverage.

In thinking about the difference between employees and members of the gig economy, the biggest highlight is one that’s existed in some form or another for many years: the fine line between employees (W-2s) and independent contractors (1099s).

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Internet Currency 101: Bitcoin – What It Is (and How It’s Taxed)

physical bitcoins on 2 five dollar bills“A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.”

Those were the words of an unknown person who, under the alias of Satoshi Nakamoto, in 2009 published a report called “Bitcoin: A Peer-to-Peer Electronic Cash System” [PDF]. The premise was simple: Nakamoto, fed up with banks, wanted to create a currency that involved no third-parties and which could be spent and transferred anonymously.

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