New concerns about the impending insolvency of the Social Security program have surfaced in recent reports, absent congressional action. Social Security reform has long been considered a ‘third rail’ of
All too easily a company’s accounting records can become cluttered with duplicate items and unused accounts. Now might be the right time to ‘spring’ clean your QuickBooks® lists — such
President Biden has released his proposed budget for the federal government for the 2024 fiscal year. The budget aims to cut the deficit by nearly $3 trillion over 10 years
A provision of the Bank Secrecy Act (BSA) that has split two federal courts of appeal has recently been addressed by the U.S. Supreme Court. Its 5-4 ruling in Bittner
The 2022 mid-term election has shifted the scales in Washington, D.C., with the Democrats no longer controlling both houses of Congress. While it remains to be seen if — and
To help make sure you don’t miss any important 2023 deadlines, we’ve provided this summary of when various tax-related forms, payments, and other actions are due. Please review the calendar
On Dec. 23, 2022, the IRS announced calendar year 2022 will be treated as a transition year for the reduced reporting threshold of more than $600. Third-party settlement organizations who
Now signed into law by President Biden, this sprawling year-end spending ‘omnibus’ package includes two important new laws that could affect your financial planning: the Setting Every Community Up for
It has been a turbulent year for many businesses due to the current economic climate. The future economic state does hold some uncertainties. Yet, there’s still a chance to make
It’s been a rocky financial year for many due to the high inflation, rising interest, and a bear stock market. Despite those factors, you have some control over how your
