You wake up in the middle of the night. Heart racing, drenched in sweat, and breathing heavily. Thankfully, it was...
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How to Identify and Avoid Cash Flow Pitfalls
Looking at expenses for one's business is essential to reduce cash flow issues. For example, it would show if there's...
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Widow/er Social Security Benefits
A widow or widower is eligible for a survivor's benefit from Social Security even if they never worked – as...
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2021 Vs 2022 Vs 2023 Federal Income Tax Brackets
The US tax system is progressive, meaning that the more you earn the more you pay. For the years 2021-2023...
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How to Write an Awesome Accounting Bio
Even though numbers are probably the biggest thing in an accountant’s wheelhouse, getting people in the door with the right...
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How Businesses Can Leverage Data and Personalization for Targeted Campaigns and Growth
Marketing efforts today depend on collecting, analyzing, and leveraging data to make informed decisions. Therefore, business owners need to understand...
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IRS Ruling: Crypto Currency Staking Rewards Are Taxable When Received
The IRS recently issued an important ruling on the taxability of cryptocurrency staking rewards, determining that staking rewards are essentially...
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Monitoring Trade Agreements with Taiwan, Promoting Plain-Language Rules, and Expanding Recruiting and Training for Law Enforcement
United States-Taiwan Initiative on 21st-Century Trade First Agreement Implementation Act (HR 4004) – This bipartisan bill was introduced on June...
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Evaluating Net Operating Loss Considerations
When it comes to determining if a business is eligible to claim a net operating loss (NOL), it depends on...
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2023 Sales Tax Holidays for Back-to-School Shopping
Now that we are heading into the backend of summer, it’s time for many states to host their annual sales...
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How to Reduce Common Payroll Errors
According to the Internal Revenue Service (IRS) and the National Federation of Independent Businesses (NFIB), almost one-third of companies see...
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The Ins and Outs of a Reverse Stock Split
When a company decides to conduct a reverse stock split, also referred to as a stock consolidation, the number of...
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7 Best Money Moves for 2023
In light of our current economy, making sure your money works hard for you is one of the best things...
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Insider Threats: Identifying, Mitigating and Preventing Internal Security Risks in Organizations
One of the most devious and often underestimated dangers in cybersecurity comes from within an organization. These dangers originate from...
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Compensating Service Members and Establishing Rules and Procedures for Ethical Matters
CADETS Act (S 467) – This bipartisan bill was introduced on Feb. 16 by Sen. Gary Peters (D-MI). The purpose...
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How to Account for Capital Assets
When it comes to accounting for capital assets, specifically depreciating capital assets, the Governmental Accounting Standards Board (GASB) provides guidance...
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Increased Tax Bills Hitting Private Companies – Big and Small
Private companies both large and small are feeling the tax pinch due to changes in the law. With rampant inflation,...
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How Businesses Can Identify and Increase Efficiency with Managerial Accounting
Managerial accounting is a form of internal reporting that helps business owners and others involved in the organization’s decision making....
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New Personal Finance Provisions in the 2.0 Secure Act
The Continuing Appropriations Act, enacted at the end of 2022, included several provisions that impact retirement plans going forward. Specifically,...
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6 Ways to Travel on a Budget
The thrill of summer travel is always invigorating, but the prices to get there can be a real bummer. But...
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