Variance analysis is found by determining the difference between what was budgeted and what actually occurred. Additionally, when variances are...
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How to be Your Tax Pro’s Favorite Client this Tax Season
Why on earth, you may ask yourself, would I care about being a good client to my tax prep professional?...
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Defining Materiality in Accounting
In the world of accounting and auditing, there is a concept called materiality. The term materiality essentially means an amount...
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Relaxing Small Business Accountability and Supporting Veteran Homelessness and Substance Abuse Disorders
A joint resolution providing for Congressional disapproval under Chapter 8 of Title 5, United States Code, of the rule submitted...
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Technology Trends for Businesses to Watch in 2024
The unrelenting advancement of technology is still going strong even as we enter 2024. The business landscape is poised for...
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How a No-Spend January Can Kickstart Your New Year
Here we go again. The new year is approaching, and those resolutions are staring us in the face – and...
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Considerations For Paying Off a Mortgage Early
For many, buying a home is the biggest asset they will ever own. However, you aren’t able to fully benefit...
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Documenting Fiduciary Accounting Practices
Fiduciary accounting, which is also referred to as court accounting, is a way to document and report financial activity during...
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IRS Plans to Shake Up Leadership
The top leadership in the IRS is set to change. IRS Commissioner Daniel Werfel believes the changes are needed for...
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How the 2022 Consolidated Appropriations Act Impacted Accounting in 2023
According to the Centers for Medicare & Medicaid Services’ report “Advancing Rural Health Equity,” the 2022 Consolidated Appropriations Act (CAA)...
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Updated IRS 2024 Penalties for Late Filing and Missed Tax Forms
Every year, the IRS announces annual inflation adjustments related to tax rate schedules, deductions, cost-of-living adjustments, etc. What many taxpayers...
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Expanding Benefits for Veterans and Extending Government Funding Until Jan. 19, 2024
A bill to amend Title 38, United States Code, to extend and modify certain authorities and requirements relating to the...
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Impact of Digital Currency on Businesses’ Accounting
The emergence of digital currency is reshaping how businesses operate and account for financial transactions. As accounting professionals navigate this...
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4 Smart Ways to Maximize Your IRA Contributions
Unless you’re near retirement, chances are you’re depositing a certain amount of cash each year in your IRA at tax...
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How to Manage Taxes in Retirement
The biggest difference between managing taxes throughout your career versus during retirement is that when you are retired, you are...
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Wage Garnishment Considerations for Business Owners
According to the United States Department of Labor's Consumer Credit Protection Act (CCPA), wage garnishments are a complex legal process...
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The 2023 Tax Planning Guide
It's that time of year again: time for year-end tax planning. With the end of 2023 coming fast, the time...
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Understanding Operating and Capital Leases
The first thing to define is what a lease itself is. It's an agreement or contract where one party, the...
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Banning Weapons Training in Public Schools, Funding Assistance for Ukraine, and Various Appropriations Bills for Fiscal Year 2024
Protecting Hunting Heritage and Education Act (HR 5110) – This bill was introduced in the House on Aug. 1 by...
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Super Apps and Their Impact on Traditional Business Models
As technology advances, users crave convenient and feature-rich solutions. In mobile app development, the concept of super apps is taking...
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