🖨 Print⏱ 4 min readThe new Tax Cuts and Jobs Act, which went into effect on Jan. 1, has sent an unambiguous message that the current GOP-dominated Congress and Presidential Administration are decidedly pro-business. Fortunately, they included provisions in the new legislation that enhance tax advantages for many self-employed sole proprietors. The following offers an … Continue reading “Self-Employment Deductions Under the New Tax Law”
🖨 Print⏱ 3 min readKey Performance Indicators, also known as KPIs, are core measurements that businesses use to monitor progress toward achieving goals and targets. KPIs, which vary widely by industry and entity structure, can be used to monitor and track all aspects of your business,. Management teams pay close attention to KPIs, looking for … Continue reading “Key Performance Indicators and Your Business – Part 1 of 2”
🖨 Print⏱ 3 min readBlockchain technology is raising speculation over the future of audit and assurance work and the impact it could have on accountants. Originally created to serve as the foundation for cryptocurrencies, blockchain technology has developed and been adapted into many other spaces, including smart contracts. It has the power to disrupt the … Continue reading “Will Blockchain Technology Disrupt Audit and Assurance Services?”
🖨 Print⏱ 3 min readEconomic Growth, Regulatory Relief and Consumer Protection Act (S. 2155) – Sponsored by Sen. Michael Crapo (R-ID) in November 2017, this bill rolls back some of the provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. The original bill was designed to tighten regulations on financial institutions … Continue reading “Dodd-Frank Rollback, Security Clearance Assistance, and Returning Assets from the Nazis”
🖨 Print⏱ 3 min readStudies have shown that as much as 40 percent of time spent at work is generally unproductive, busy work. Things like checking emails, ordering supplies, fixing the copy machine or trying to figure out how to work a conference call line – during the conference call. These tasks can be aggravating … Continue reading “Amazon’s Alexa as a Virtual Office Assistant”
🖨 Print⏱ 3 min readArtificial Intelligence, otherwise known as AI, is not something that exists only in science fiction or Hollywood movies. It’s here. And it’s changing the way accountants are doing business. Here’s how and why. AI Can Help with Tedious Tasks While combing through spreadsheets is by no means an unimportant task, it … Continue reading “The Effects of AI on Accounting”
🖨 Print⏱ 4 min readIt is common knowledge that as we grow old, our bodies tend to not work as well. Some folks begin having physical challenges, some have cognitive issues and some have both. But what we don’t know is which, if any, of those challenges we will face. Worse yet, those who fall … Continue reading “Common Money Mistakes As We Age”
🖨 Print⏱ 3 min readWhen it comes to finding new clients, businesses can do so in many ways. Whether a radio or television spot, or an advertisement on a website, social media platform or digital billboard, the goal is to reach new viewers. Another cost-effective way is to develop more customer referrals. In fact, according … Continue reading “How to Get More Customer Referrals”
🖨 Print⏱ 4 min readPrior to the recent tax law changes, taxpayers were allowed to deduct qualifying mortgage interest on loans up to $1 million, plus the interest on an additional $100,000 in home equity debt. The new tax law clearly limits the mortgage interest deduction to $750,000 worth of debt; however, treatment of home … Continue reading “What the New Tax Law Means for the Home Equity Loan Interest Deduction”
🖨 Print⏱ 3 min readStrengthening Protections for Social Security Beneficiaries Act of 2018 (H.R. 4547) – Sponsored by Rep. Sam Johnson (R-TX), this bill is designed to protect Social Security beneficiaries (approximately 8 million) whose mental or physical condition prevents them from being able to manage their benefits. These individuals are assigned a representative to manage … Continue reading “Aid for African countries, national wildlife refuges, Social Security beneficiaries and Secret Service Agents”