🖨 Print⏱ 4 min readCost accounting is a type of accounting that analyzes a business’ complete production costs by looking at both variable and fixed costs. This includes the concepts of marginal costing, lean accounting, standard costing and activity-based costing. It’s used by a business’ management to evaluate fixed and variable costs involved in the … Continue reading “How Cost Accounting Helps Businesses Measure Performance”
🖨 Print⏱ 4 min readWeb browsers such as Google Chrome, Firefox, Safari and Edge, among others, play an essential role in enabling access to websites on the internet. Most browsers allow users to install extensions, also referred to as add-ons or plug-ins. These extensions are applications or small software modules that add functionality and other … Continue reading “Risk of Browser Extensions and How to Stay Safe”
🖨 Print⏱ 3 min readThe US tax system is progressive, meaning that the more you earn the more you pay. For the years 2020-2022 there are seven different brackets for each year. Which bracket you are in depends on your taxable income; however, your bracket does not equal your tax rate. Tax brackets work so … Continue reading “2020 Vs 2021 Vs 2022 Federal Income Tax Brackets”
🖨 Print⏱ 3 min readOne highlight of the recently passed Inflation Reduction Act of 2022 (IRA; HR 5376) includes modifications to what is more commonly referred to as EV credits. Specifically, Section 30D of the Act is where the most important modifications are, and where the present tax credit for electric vehicles is spelled out … Continue reading “Electric Vehicle Tax Credits and the Future of the Automotive Industry”
🖨 Print⏱ 4 min readIn our current economy, or anytime actually, it can’t hurt to have a side hustle to bring in extra cash. Some of these options can be quite lucrative, but like everything, it takes a little work to create a steady income stream. However, with a little pre-planning, you can do it. … Continue reading “Top Side Hustles”
🖨 Print⏱ 5 min readImagine selling slices of a large pizza. You can cut it into four even slices and charge $2 a slice. Or, you can cut it into eight even slices and charge $1 per slice. Either way, the total value of the pizza will still be $8. That’s what happens when a … Continue reading “Stock Splits, Explained”
🖨 Print⏱ 4 min readSupply Chain Security Training Act of 2021 (S 2201) – This legislation is designed to identify supply chain risks and develop a government program to train federal officials with supply chain risk management responsibilities to prepare and mitigate those risks. The training program would cover the complete acquisition life cycle, including … Continue reading “Strengthening the Supply Chain, the Professional Workforce, Cybersecurity and Coastal Ecosystems”
🖨 Print⏱ 5 min readWhether it’s tariffs, trade wars, or post-pandemic inflation caused by kink-ridden supply chains and what many experts believe to be excess money printing, inflation is an insidious drag on businesses’ operations. When it comes to energy’s contribution to inflation, the U.S. Energy Information Administration (EIA) reports that crude and natural gas … Continue reading “How Businesses Can Mitigate Inflation & Maintain Pricing Power”
🖨 Print⏱ 4 min readNon-fungible tokens (NFTs) are rising in demand, and some brands are already generating great results in their campaigns and providing a unique experience to customers. As the hype around NFTs continues, businesses need to understand how they can benefit. What is an NFT? An NFT is a valuable digital asset created … Continue reading “What Are NFTs and How Can Businesses Benefit?”
🖨 Print⏱ 3 min readDespite borrowing massive amounts of money, the government still needs to find ways to raise revenue to pay for new programs and spending. The current democratically controlled Congress is looking to potentially implement new social programs and a climate bill. As a way of funding these initiatives, they are considering an … Continue reading “Expanding the Net Investment Income Tax”
