Welcome to our Technology Blog, Accounting Bytes!

We’re committed to bringing you a regular dose of accounting goodness, geared towards your industry.  But before you dive in, here is a little of the who, what, where, why and when regarding this blog.

  • Who we are – at DiSanto Priest we recognize the need for specialization in the accounting industry. Technology is one of six industries which we have identified as focus areas for our firm.  Our other industry focuses include Manufacturing, Distribution & Retail, Real Estate and Construction, Commercial Fishing, Precious Metals, and Professional Services.  As with many of our clients, your technology-driven business may cross over into our other verticals so be sure to sign up for those industry updates as well by viewing their respective pages.
  • What we’re doing – our goal with this blog is to bring you timely accounting information that is relevant to your business.
  • Where – whether you’re at your desk or on the road, our online content is downloadable as well as mobile-enabled to allow you access wherever you need it.
  • Why we’re doing it – we’re in the information age. You need information and you need it now.  As your trusted advisor we’re in the best position to provide you with the latest and greatest of the accounting industry.  We want to do it in a way that allows you to gain an understanding of a topic and empowers you to take action.
  • When – we plan to update our blog monthly. Stay tuned!

 

Blockchain & Cryptocurrency Part 2 - The Coin Behind the Technology
Cryptocurrency is an electronic currency that is gaining a lot of attention in the news recently. Learn more about the e-currency, how you can use it and what you need to be careful of when utilizing it.
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Blockchain & Cryptocurrency Part 1 – The New Technology Quickly Changing our World
Blockchain isn't merely about recordkeeping. This process that everyone is talking about holds its power in how records are created and kept. Here at DiSanto Priest & Co. we are here to help you navigate the newest advancements in technology.
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Physical Presence No Longer Required for Sales Tax
In a 5 - 4 decision, the Supreme Court ruled in favor of state authority to require online retailers to collect sales taxes without regard to physical presence in the state. Although states stand to gain much-needed tax revenues, there may be consequences for online retailers that do business in multiple states.
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Taking Control of SOC Report Requests & Distribution
One of the ways firms and their business clients are utilizing a clearinghouse is for SOC report distribution – a process that is becoming more challenging to manage as an increased focus on third-party controls has led to a rise in requests for reports.
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Authenticated Financial Information
There is growing demand today for accurate, authenticated financial information. While technology has positively impacted the speed and accessibility of information, it has also created new ways to alter and compromise information.  
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How to Assess Your Company's Financial Health
We receive regular checkups to monitor, maintain, and improve our health. But did you know that you should do the same for your company?
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The Importance of Strategic Planning
Is your company future ready? We are living in a time of rapid change around the world. Consider a Strategic Planning Engagement to ensure success.
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New Year and New Tax Laws Bring Change to Estates and Gifts
As we continue to welcome in the first quarter of 2018 and the new tax bill, let's take a quick look at what has changed and what remains the same.
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Great News For Small Businesses That Qualified For Research Credits in 2016
Wage-paying small businesses with minimal taxable income can now take advantage of their research credits sooner than was allowed under the previous tax rules.  The Protecting America from Tax Hikes Act of 2015 allows qualifying small businesses to apply research credits against the social security portion of its federal payroll tax bill.
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5 Compelling Reasons to Consider Solar for Your Manufacturing Business
Technology in the energy industry is evolving at a rapid pace.  Solar panels are becoming leaner and more efficient – providing more capacity at a lesser cost, mimicking the path of more traditional computer hardware.  Below are 5 reasons why we believe solar is worth considering today to boost your bottom line.
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The Research and Development Tax Credit
Tax credits are important.  These are our government’s “carrots” for business owners.  They are saying “Hey! Please focus here! Our economy depends on it!  And if you do, we’ll thank you with a reduced tax bill.”  Credits are dollar-for-dollar reductions in your tax bill.
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Accounting Tips for Start-ups
So first of all – congratulations!  Starting your own business takes guts and entrepreneurship is a key driver of our economy.  So bravo and thank you for taking the big leap.  At the risk of "raining on the parade", we can't ignore the hard truth out there which is that most new businesses fail within the first two years. 
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One More Reason to Expand your Tech Business in Rhode Island
Are you currently operating a business in Rhode Island and looking to expand?  Perhaps you have a business outside of RI that you’re looking to relocate.   Rhode Island, in an effort to attract and retain new and existing businesses, enacted the New Qualified Jobs Incentive Act in 2015 and has already awarded several job creators significant annual, redeemable tax credits that have allowed them to make expanding or relocating to RI more financially feasible. 
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