BTerrell Group Blog

Chances are you don’t give a great deal of thought to Form 1099. Not as famous as the W-2,
nor as infamous as the 1040, the humble 1099 is still worthy of respect – or at least accuracy. Intacct makes preparing 1099s a straightforward task, but like many things tax related, there are some subtleties and tips and tricks involved in getting it right. Here are six things to know about 1099s, to help you master the task and get on with it.

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Thursday, December 8th at 11 AM PT / 2 PM ET

If you attended our first two webinars in this series, you learned that you can't wait to prepare for ASC 606 and IFRS 15. In this webinar and product demo, you'll learn how to confront the compliance challenges head-on and make a smoother transition with Intacct Contract and Revenue Management, the only automated solution for ASC 606 and IFRS 15 compliance.

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Over lunch recently, I exchanged opinions with new friends from California, Oklahoma and Illinois about the greatest inventions of all time. My friends and I make our living with accounting and finance cloud-based applications, and we are amazed and excited by the miracles technology provides us every day. Despite our common occupation, none in our group included cloud computing in their list of greatest inventions.

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Thursday, November 17th at 11 AM PT / 2 PM ET

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It is common for companies to partner with other organizations to provide goods or services for their customers. The new Revenue from Contracts with Customers(codified as ASC 606) rules recognize this fact, and provide recommendations for how you should handle the revenue associated with these products and services. It boils down to determining whether you are acting as the principal or the agent in the transaction. While this may sound simple enough, like many aspects of ASC 606, it gets complicated.

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