Here we go again. The new year is approaching, and those resolutions are staring us in the face – and...
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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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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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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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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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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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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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7 Smart Saving Strategies for Retirement
Next year, something called Peak 65 is happening. This moniker refers to the fact that more Americans will reach the...
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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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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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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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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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