2020 Tax Brackets, Deductions, Plus More
Category Archives: Blog
2020 Tax Brackets, Deductions, Plus More
🖨 Print⏱ 4 min readBeginning on Jan. 1, 2020, the Internal Revenue Service (IRS) has new annual inflation adjustments for tax rates, brackets, deductions, and retirement contribution limits. Note, the amounts below do not impact the tax filing you make in … Continue reading
Key Technology Trends in Accounting to Watch Out For in 2020
🖨 Print⏱ 4 min readTechnology advances continue to reshape industries and businesses – and the accounting industry is no exception. So far, a lot of repetitive tasks are performed with the help of advanced hardware and software. Even for businesses … Continue reading
The SECURE Act of 2019
🖨 Print⏱ 2 min readThe SECURE Act of 2019 is a broad bill with the purpose of increasing access to tax-advantaged retirement accounts in order to prevent retirees from outliving their assets. It mostly impacts those already in retirement or … Continue reading
Furniture, Fixtures and Equipment – and Depreciation
🖨 Print⏱ 4 min readWhen it comes to determining depreciation for Furniture, Fixtures and Equipment (FF&E), there are many considerations that exist for accountants and business owners. Defining Furniture, Fixtures and Equipment FF&E refers to expenses for business items that … Continue reading
Gross Domestic Product: A Primer
🖨 Print⏱ 4 min read The economic indicator known as Gross Domestic Product (GDP) represents the dollar value of all purchased goods and services over the course of one year. It is comprised of purchases from all private and public … Continue reading
Practicing Gratitude: A Look Back at 2019
🖨 Print⏱ 4 min readIt may be hard to believe, but the end of the year is upon us. During this time, many of us might reflect on the year and tally up the good and the bad, the pros … Continue reading
How to Defer, Avoid Paying Capital Gains Tax on Stock Sales
🖨 Print⏱ 5 min readThe markets are hitting all-time highs, so if you are thinking of selling stocks now or in the near future, there is a good chance that you will have capital gains on the sale. If you’ve … Continue reading
What is Splinternet and Why You Should Care
🖨 Print⏱ 4 min readEric Schmidt, former Google CEO, made a prediction in September 2018 that the internet will split in two – one part being led by China and the other by the United States. The reasoning behind this … Continue reading
Hanging Flags, Awarding Geniuses, Supporting Hong Kong Protestors and Criminalizing Animal Cruelty
🖨 Print⏱ 4 min readNational POW/MIA Flag Act (S 693) – This bill amended title 36 of the United States Code to require that the POW/MIA flag be displayed on all days that the flag of the United States is … Continue reading
LIFO Versus FIFO and How Each Method Values Inventory
🖨 Print⏱ 3 min readAs the name implies, First-In, First-Out (FIFO) is a way for companies to value their inventory. The first items put into inventory or produced by the company are accordingly the first taken out of inventory or … Continue reading
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