Understanding Four Types of Depreciation
Depreciation is an accounting process where the cost of an asset is accounted for and expensed over its useful life….
Read More
When Should You Switch Your Side Hustle to a Business Entity Structure?
Starting a side hustle today is easier than ever. Between the numerous websites that act as marketplaces and project jobs…
Read More
Protecting TV Viewers, Whistleblowers and Supreme Court Justices; New Status Provisions for Immigrant Workers; and OTC Drugs
Reauthorizing Security for Supreme Court Justices Act of 2019 (HR 4258) – This bill reauthorizes the Marshal of the Supreme…
Read More
Key Technology Trends in Accounting to Watch Out For in 2020
Technology advances continue to reshape industries and businesses – and the accounting industry is no exception. So far, a lot…
Read More
4 Financial New Years Resolutions You Can Actually Keep
Believe it or not, it’s 2020. You’re not just starting a new year, you’re entering a new decade. With this…
Read More
Economic Correlation: Cyclical and Non-Cyclical Stocks
A rising tide might lift all boats, but the same cannot be said for the economy.
Read More
How Will Oil Prices Fare in 2020 With Global Events?
When it comes to 2020 and energy prices, the world's energy market will face many known and unknown variables. How…
Read More
How to Calculate and Analyze Return on Equity
When it comes to evaluating a business, especially one that is publicly traded, determining its return on equity (ROE) is…
Read More
2020 Tax Brackets, Deductions, Plus More
Beginning on Jan. 1, 2020, the Internal Revenue Service (IRS) has new annual inflation adjustments for tax rates, brackets, deductions and…
Read More
Hanging Flags, Awarding Geniuses, Supporting Hong Kong Protestors and Criminalizing Animal Cruelty
National POW/MIA Flag Act (S 693) – This bill amended title 36 of the United States Code to Hanging Flags,…
Read More
What is Splinternet and Why You Should Care
Eric Schmidt, former Google CEO, made a prediction in September 2018 that the internet will split in two – one…
Read More
Practicing Gratitude: A Look Back at 2019
It may be hard to believe, but the end of the year is upon us. During this time, many of…
Read More
Gross Domestic Product: A Primer
The economic indicator known as Gross Domestic Product (GDP) represents the dollar value of all purchased goods and services over…
Read More
What Would a Phase One Deal with China Encompass?
The so-called phase one of a trade deal with China is expected to contain a provision for $40 billion to…
Read More
Furniture, Fixtures and Equipment – and Depreciation
When it comes to determining depreciation for Furniture, Fixtures and Equipment (FF&E), there are many considerations that exist for accountants…
Read More
How to Defer, Avoid Paying Capital Gains Tax on Stock Sales
The markets are hitting all-time highs, so if you are thinking of selling stocks now or in the near future,…
Read More
Fighting Foreign Terrorism on Homeland Soil, Increased Protections for Clean Water and Low-Income Veterans, and New Appropriations for FY2020
This bill promotes the identification and determent of terrorist activity from reaching the homeland, and enhances the United States government’s…
Read More
How to Stay Safe with Business Email Compromise on the Rise
According to a report by the Financial Crimes Enforcement Network (FinCEN) released in July, financial institutions have incurred more than…
Read More
5 Ways to Save on Holiday Gifting
Believe it or not, the holidays are right around the corner. And try as you might, overspending is real –…
Read More
What to Expect and How to Prepare for a Recession
Economists generally determine that the country has fallen into a recession after two consecutive quarters of negative gross domestic product…
Read More