Next year, something called Peak 65 is happening. This moniker refers to the fact that more Americans will reach the...
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2024 Cost of Living Adjustments
In one year’s time, the U.S. inflation rate dropped by more than half, from 8.2 percent in September 2022 to...
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Two Ways to Measure Revenue Per User
When it comes to measuring revenue, it’s essential that businesses analyze it from a variety of perspectives. While there's revenue...
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New Business Travel Per Diem Rates Announced for 2023-2024
New per diem rates were recently announced by the IRS and are effective for per diem allowances on or after...
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Understanding Mark-to-Market
The term mark-to-market is an important phrase in corporate finance that has many nuances and industry-specific uses. Mark-to-market is a...
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Sanctioning Terrorist Activities by Iran, Accelerating Disaster Assistance and Expanding Healthcare Opportunities for Native Americans
MAHSA Act (HR 589) – The Mahsa Amini Human Rights and Security Accountability (MAHSA) Act is a bipartisan bill that...
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Securing Your Identity: The Role of Decentralized Identity Systems in Data Breach Prevention
Data breaches have been on the rise as cybercriminals keep coming up with new ways to steal user-sensitive information. Just...
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How to Organize Your Tax Documents
Since tax time isn’t until next April, organizing your documents right about now might not be top of mind or...
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Work and Social Security Benefits
You can work and still receive Social Security benefits, but how much you receive depends on a number of factors.First,...
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Common Financial Reporting Mistakes and How to Correct Them
With accounting fraud and financial reporting mistakes creating a lack of confidence, understanding how financial reporting mistakes occur and are...
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IRS Plans to Use AI and Ramp Up Enforcement on Millionaires, Partnerships and Crypto
Recently, IRS Commissioner Danny Werfel spoke of changes within the IRS, announcing several initiatives focusing on high-income earners and partnerships,...
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Evaluating Net Operating Loss Considerations
When it comes to determining if a business is eligible to claim a net operating loss (NOL), it depends on...
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IRS Ruling: Crypto Currency Staking Rewards Are Taxable When Received
The IRS recently issued an important ruling on the taxability of cryptocurrency staking rewards, determining that staking rewards are essentially...
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Monitoring Trade Agreements with Taiwan, Promoting Plain-Language Rules, and Expanding Recruiting and Training for Law Enforcement
United States-Taiwan Initiative on 21st-Century Trade First Agreement Implementation Act (HR 4004) – This bipartisan bill was introduced on June...
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2021 Vs 2022 Vs 2023 Federal Income Tax Brackets
The US tax system is progressive, meaning that the more you earn the more you pay. For the years 2021-2023...
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How Businesses Can Leverage Data and Personalization for Targeted Campaigns and Growth
Marketing efforts today depend on collecting, analyzing, and leveraging data to make informed decisions. Therefore, business owners need to understand...
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How to Write an Awesome Accounting Bio
Even though numbers are probably the biggest thing in an accountant’s wheelhouse, getting people in the door with the right...
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Widow/er Social Security Benefits
A widow or widower is eligible for a survivor's benefit from Social Security even if they never worked – as...
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How to Identify and Avoid Cash Flow Pitfalls
Looking at expenses for one's business is essential to reduce cash flow issues. For example, it would show if there's...
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IRS Announces End of Unannounced Taxpayer Visits (Mostly)
You wake up in the middle of the night. Heart racing, drenched in sweat, and breathing heavily. Thankfully, it was...
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