We all have those days when we dream of striking it rich with a winning lottery ticket. Never having to...
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U.S. Beneficial Ownership Information Reporting Begins
The U.S. Treasury recently enacted a new reporting requirement aimed at quashing illicit financial transactions. The agency believes that corporate...
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Optimizing Your Business’ Performance with Capacity Management
When it comes to business operations and measuring performance, the optimal production scale a company can sustain is an important...
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Averting a Government Shutdown, and Reinforcing Air Travel Infrastructure, Weather Alert Systems and National Defense Initiatives
Making further continuing appropriations for the fiscal year ending Sept. 30, 2024, and for other purposes (HR 2872) – Passed...
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New Email Deliverability Rules: Reaching Gmail and Yahoo Subscribers in 2024
Email marketing remains the most powerful and effective tool, especially for its high ROI, reach, and engagement. It plays a...
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Your February Financial To-Do List
January has come and gone. You may or may not have stuck to your resolutions, but the good news is...
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Municipal Bond Outlook for 2024
One of the positive aspects of sustained high-interest rates is higher yields on bonds, particularly high-quality municipal bonds. It is...
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Understanding How Variances Vary
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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