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...
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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,...
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Fighting Foreign Terrorism on Homeland Soil, Increased Protections for Clean Water and Low-Income Veterans, and New Appropriations for FY2020
Terrorist and Foreign Fighter Travel Exercise Act of 2019 (HR 1590) – This bill promotes the identification and determent of...
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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...
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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 –...
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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...
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LIFO Versus FIFO and How Each Method Values Inventory
As the name implies, First-In, First-Out (FIFO) is a way for companies to value their inventory. The first items put...
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Tax Changes 2019
With the start of the fourth quarter of 2019 underway, it's time to see what the Internal Revenue Service (IRS)...
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Debt Relief for Military Service Members, Veterans, Family Farmers and Small Business Owners
Small Business Reorganization Act of 2019 (HR 3311) – Scheduled to take effect starting in February 2020, this new law...
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What is VPN and Why Do You Need It?
The rise in the number of data breaches reported every other day has become a major concern – even to...
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How Parents Can Save Money for College-Bound Kids
No matter how old your children are, it’s always a good idea to start saving for college as soon as...
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How to Inflation-Proof a Retirement Portfolio
Statistics indicate that the average life expectancy is longer than it used to be, but empirically we see this every...
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When Full Costing Accounting Makes Sense
With more than 1.4 million accounting jobs in 2018, according to the Bureau of Labor Statistics, there are many different...
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How to Get the IRS to Pre-Approve Your Taxes
It might seem odd, but it is possible to get the IRS to give you a straight-forward and binding answer...
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Extending Medicaid Funding, the Debt Limit, Membership into the American Legion, and Support For 9-11 Victims, Law Enforcement Officers, and Breastfeeding Moms
Sustaining Excellence in Medicaid Act of 2019 (HR 3253) – This bill authorizes appropriations through fiscal year 2024 and makes...
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The Rise of Biometrics Security and Why You Should Take Precaution
Biometric technology has been on the rise as it promises to make the authentication process more secure and convenient. Unlike...
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5 Money-Saving Ideas for Back-to-School Shopping
Just when you’ve finished spending a bunch on swimsuits and stuff for grilling out, summer’s over and it’s time for...
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Lost Inheritance: How To Find a Deceased Parent’s Assets
If you have a relative who recently died and left you in charge of his or her finances, you are...
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Payroll Management Tips
When it comes to an employer's responsibility for non-exempt workers, according to the U.S. Department of Labor, there are many...
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The Five Key IRS Rules of Taxation for Lawsuit Settlements
Coming out on the winning side of a lawsuit as a plaintiff can be a gratifying feeling, especially if there...
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