🖨 Print⏱ 4 min readLaws regarding retirement savings plans don’t change all that often or all that much. Occasionally, new regulations are issued mandating disclosures that no one ever reads – and inflation-adjusted contribution limits tend to inch up each year. However, there is one phenomenon that has been increasing over the past decade, and … Continue reading “Proposed Changes For Retirement Plans”
🖨 Print⏱ 3 min readIt’s never too early to helps kids understand accounting – the concepts of earning and spending. Here are a few ways to teach your little ones about how money works and even have a little fun. Play Money Games One way to explain the principles is by playing games like Monopoly … Continue reading “Pass It On: Accounting Tips to Share With Kids”
🖨 Print⏱ 4 min readAccountants are no strangers to inventions. Known inventions such as the abacus, calculators and computers have helped complete tasks quickly and in less time. However, today’s technology is complex and is reshaping the world of accounting. Such new technologies include big data, cloud computing, artificial intelligence, block chain, payment systems, mobility … Continue reading “How the Accountant Role has Morphed with Technology, and What New Skills are Necessary”
🖨 Print⏱ 3 min readEmergency Supplemental Appropriations for Humanitarian Assistance and Security at the Southern Border Act, 2019 (HR 3401) – This legislation provides $4.5 billion in emergency supplemental appropriations to federal departments and agencies for humanitarian assistance and security to respond to migrants attempting to enter the United States at the southern border for … Continue reading “Relief for Immigrants, Attempts to Deter Foreign Election Interference and Failed Resolutions to Condemn Foreign Arms Sales”
🖨 Print⏱ 3 min readAccording to data from a U.S. Small Business Administration Office of Advocacy report from August 2018, businesses have varied longevity. Nearly 80 percent (79.8 percent) of business startups in 2016 lasted until 2017. Between 2005 and 2017, the SBA mentions that 78.6 of new businesses lasted 12 months. Similarly, nearly 50 … Continue reading “How to Calculate a Break-Even Analysis”
🖨 Print⏱ 4 min readMembers of the college graduating class of 2017 owed an average of close to $30,000 each in student loan debt. Imagine starting out adult life with that kind of debt load? The prevalence of this type of mounting debt for a 21- or 22-year-old is unprecedented in U.S. history – and … Continue reading “Financial Tips for Recent College Graduates”
🖨 Print⏱ 2 min readDuring its annual Worldwide Developers Conference (WWDC) on June 3, Apple introduced a lot of new technology. Here, we will have a look at iPhone iOS13 upgrades and the all-new Mac Pro. iOS 13 The main reason for this upgrade is to have a faster and more secure iPhone. Some of … Continue reading “New from Apple: iPhone iOS 13 Upgrades, All-New Mac Pro”
🖨 Print⏱ 4 min readThere is a lot of new technology being used to automate functions and save money in large corporations, but many small organizations are shut out of those advancements. This is largely because of the cost, training, knowledge and resources it requires to take advantage of such new technology. But while small … Continue reading “How To Use AI For HR”
🖨 Print⏱ 3 min readNational Flood Insurance Program Extension Act of 2019 (S 1693) – This bill reauthorizes the National Flood Insurance Program, which was set to expire on May 31, through June 14. The bill was introduced by Sen. John Kennedy (R-LA) on May 23, passed the Senate and the House in one week … Continue reading “Disaster Relief Funding, Expanded Benefits for Neglected Vietnam Veterans, and Bipartisan Reforms for the IRS”
🖨 Print⏱ 3 min readMany tax advisors are very cautious when it comes to claiming hobby losses – and some would argue overly so. This conservative view stems from the impression that the taxpayer usually loses when challenged by the IRS. While technically true that the odds aren’t in your favor of winning a challenge, … Continue reading “Why Some People Are Afraid of the Hobby Loss Rules”