🖨 Print⏱ 5 min readAccording to the U.S. Small Business Administration and Project Equality, 60 percent of business owners plan to cash out of the business in the next 10 years. For the baby boomer generation, it’s especially important as they contemplate retirement, with this generation reportedly owning 2.3 million businesses. When it comes to … Continue reading “Considerations When Selling a Business”
🖨 Print⏱ 4 min readThe taxation of legal settlements and fees is a complex topic. While the mechanics to make a proper claim are now easier, the rules are still complex. Below we look at six rules to consider when it comes to the taxation of legal settlements and the deduction of legal fees on … Continue reading “Taxation of Legal Settlements and Fees”
🖨 Print⏱ 3 min readAmache National Historic Site Act (HR 2497) – This Act was introduced by Rep. Joe Negusa (D-CO) on April 24, 2021. The bill authorizes the Department of the Interior to acquire land in Colorado in order to establish a park called the Amache National Historic Site. It is to be included … Continue reading “Relief for USPS Financial Requirements, Plus Support for Victims of Sexual Harassment and Online Child Exploitation”
🖨 Print⏱ 4 min readMetaverse has become a buzzword with much debate on its potential implications once it is fully realized. As far as businesses are concerned, the metaverse presents new opportunities and challenges, especially for marketing, branding and communication professionals. Understanding Metaverse Metaverse became a hot topic thanks to Facebook announcing its rebrand to … Continue reading “What Does the Metaverse Mean for Businesses”
🖨 Print⏱ 4 min readTaking over your aging parents’ finances is not easy. But it’s something that can be handled in an organized, compassionate way. Here’s a roadmap that shows how to embrace it and do the right things for everyone involved. Start the conversation early. Right now, your parents might not need any help. … Continue reading “How to Manage Your Aging Parents’ Finances”
🖨 Print⏱ 4 min readOne of the easiest ways to save for retirement is to participate in an employer-sponsored retirement plan. You simply select a percentage of your paycheck that you would like transferred to your 401(k) (or similar) account. Not only does your employer make the transfer for you, but it comes out of … Continue reading “How To Maximize the Potential of Your 401(k) Plan”
🖨 Print⏱ 5 min readAccording to the U.S. Chamber of Commerce, the level of usage and data swirling around the internet is expanding at an accelerating pace. The amount of data on the internet globally during 2020 amounted to 3 trillion gigabytes; and 2022’s traffic is expected to increase to 4.5 trillion gigabytes. As a … Continue reading “How Businesses Can Stay Current with the Digital Economy”
🖨 Print⏱ 4 min readNo one knows for sure what 2022 will bring in the form of tax legislation, but there is certain to be some action. Top tax analysts think there are several topics that are likely to come up in 2022. Most predict that a lot of potential changes that were discussed but … Continue reading “2022 U.S. Tax Legislation Forecast”
🖨 Print⏱ 4 min readFreedom to Vote: John R. Lewis Act(HR 5746) – This act is comprised of two previous bills that were combined and passed in the House using a procedural workaround, then sent to the Senate where it did not pass under current Senate rules. A Senate bipartisan committee is taking action to … Continue reading “Pursuing Voting Rights, Critical Therapies, VA Online Education Benefits and Condemning Forced Labor”
🖨 Print⏱ 4 min readCertifications are not a new thing in the accounting industry. However, with new technology trends, accounting departments are faced with the challenge of taking courses in technology in order to carry out their tasks. Many businesses are ditching desktop-based accounting software and turning to cloud-based software. This requires that the users … Continue reading “Importance of Cloud Accounting Certification”