Entries by Nick Patti

What is Blockchain Accounting?

Blockchain is a revolutionary technology transforming the accounting landscape. But what exactly is it? Blockchain is a type of shared database that stores information differently from typical databases; it stores data in blocks linked together via cryptography. While various types of information can be stored on a blockchain, it’s most commonly used for ledgers. A […]

IRS Launches Paperless Filing Initiative

It’s no secret that even mentioning the IRS can instantly conjure out images of paper piles and processing. However, in a bold move, the IRS recently announced its decision to shift toward paperless filing for nearly all IRS correspondence starting in 2024 — with the goal of having all paperless tax processing by the year 2025. […]