🖨 Print⏱ 4 min readWhether you file your income tax return early or at the last minute, there are ways to simplify the process and reduce what you owe – or even increase your refund – before the deadline. Filing Simplification Tip Once you receive your W-2 and/or 1099 tax forms, see what income tax … Continue reading “Tips for Tax Season”
🖨 Print⏱ 3 min readThe Social Security Fairness Act of 2023, formally known as H.R. 82, aimed at ending two provisions in the Social Security system that affect public sector employees who have earned pensions from jobs not covered by Social Security. These provisions are the Windfall Elimination Provision and the Government Pension Offset, both … Continue reading “The Social Security Fairness Act of 2023: More Retirement Income for Teachers, Police, Firefighters & Gov. Workers”
🖨 Print⏱ 4 min readImproving Federal Building Security Act of 2024 (S 3613) – The Federal Protective Service (FPS) contracts security guards to control access to government facilities and screen visitors to detect prohibited items, such as pepper spray and batons. Earlier this year, FPS investigators conducted a covert test at certain federal buildings in which … Continue reading “National Security”
🖨 Print⏱ 4 min readThe CAC Payback Period looks at how a business needs to recover its investment in attracting new customers. It is especially crucial for companies that are in industries with large marketing and sales costs. It’s an important metric because it helps businesses measure their performance in a number of ways. First, … Continue reading “Calculating the CAC Payback Period”
🖨 Print⏱ 4 min readThe Salt Typhoon cyberattack is among recent cyberattacks that reaffirm the urgent need for robust data security measures. This attack targeted major telecommunications providers, compromising critical infrastructure and potentially exposing vast amounts of sensitive data. With cyberthreats becoming more sophisticated, businesses and individuals must prioritize data security to maintain trust and … Continue reading “Securing Client Data: The Importance of Encrypted Apps”
🖨 Print⏱ 4 min readA Dec. 3 proposal from FASB’s Accounting Standards Update (ASU) might provide some flexibility for private businesses and select nonprofits. “Financial Instruments – Credit Losses (Topic 326)” looks at measuring credit losses for contract assets and accounts receivable for these entities. When it comes to determining projected credit losses for current … Continue reading “How Reporting Might be Less Complex in 2025”
🖨 Print⏱ 3 min readThe coming shakeup of the executive branch, along with Republican control of both houses of Congress, means tax changes are highly likely in 2025 and beyond. Positioning for new and amended tax provisions is already off to the races. Regardless of the political landscape, on rare occasions, some measures have broad … Continue reading “Energy Tax Credit Changes For 2025”
🖨 Print⏱ 3 min readAll bills not enacted by the end of the 118th congressional session on Jan. 3, 2025, will expire. Social Security Fairness Act of 2023 (HR 82) – This bill, with 330 bipartisan sponsors and a similar bill in the Senate, was introduced by Rep. Garret Graves (R-LA) on Jan. 9, 2023. It passed in … Continue reading “Making Pensions Equitable, Protecting Foster Kids, Mail-in Votes and Tracking Government Spending”
🖨 Print⏱ 3 min readNo matter the type of business or industry, being able to analyze and deduce patterns is essential to discovering a business’ financial health. Here are four commonly used calculations to help internal and external stakeholders determine an organization’s ability to manage its finances. Break-Even Analysis This formula analyzes fixed costs versus … Continue reading “Common Business Accounting Calculations”
🖨 Print⏱ 4 min readThe holiday season is when most people go on shopping sprees and travel. This season also witnesses a surge in online activities in today’s digital world. Unfortunately, cybercriminals take advantage of this period to launch attacks. Therefore, cybersecurity should be the top priority for a business gearing up for peak sales … Continue reading “Cybersecurity Best Practices for the Holiday Season”
