Accounting June 28, 2023
No Escape: How to Live with the New Lease Accounting Standards
While ASC 842, IFRS 16, and GASB 87 aren’t making anyone’s life easier, there are some exceptions to the rules.
Accounting June 28, 2023
Business Owners Are Poised to Invest More in Technology
Small- and medium-sized businesses (SMBs) are looking to invest $10,000 more in their suite of technology solutions this year than they were in 2022, a new study finds.
Taxes June 28, 2023
How to Prepare For and What to Do Following the Death of a Tax Practitioner
The IRS offers tips to protect the practitioner’s clients, firm, and family, and to ensure compliance with legal requirements.
Taxes June 21, 2023
Understanding Estate Planning Will Help Cut Your Tax Liability
By employing effective estate and tax strategies, business owners can optimize their financial legacies and minimize tax hurdles.
Accounting June 21, 2023
The Increased Urgency of a Modern Accounts Receivable Function
By streamlining payment processes, reducing administrative costs and gaining insights through enhanced visibility, businesses can enhance financial stability and liquidity.
Small Business June 21, 2023
Retailers Try New Tactic in Fight Against Organized Theft
Partners including Target, Albertsons and Amazon have signed a pledge that "increases information sharing" between law enforcement, retailers that experience theft and online marketplaces.
Small Business June 21, 2023
New Home Construction Surges, Beats Expectations
U.S. housing starts unexpectedly surged in May by the most since 2016 and applications to build increased, suggesting residential construction is on track to help fuel economic growth.
Advisory June 20, 2023
Commercial Insurance Rates Increased by 5.6% in Q1 2023
The aggregate commercial price change reported by carriers was an increase of 5.6%, up from the rate of 4.8% in the previous quarter.
Small Business June 20, 2023
Most Small Business Owners Don’t Want Their Kids to Inherit and Run Their Business
Among parents, nearly all (94%) want their children to forge their own path, rather than follow in their footsteps.
June 15, 2023
Conservatives’ Budget Plan Renews Battle Over Social Security Benefits, Tax Cuts
The proposal would gradually raise the age at which future retirees can claim full Social Security benefits from 67 to 69.
Taxes June 14, 2023
IRS Clarifies Elective Payment Rules for Semiconductor Chips Tax Credit
The CHIPS Act allows eligible taxpayers to make an election to treat the credit as a payment against federal income tax.
Small Business June 14, 2023
Imports for First Half of 2023 Drop 22% Over Previous Year
Import cargo volume at the nation’s major container ports is expected to be 22% lower during the first half of 2023 than the same time last year despite increased consumer. spending