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  • The Risks of Using Self-Directed IRAs

    Posted Date January 1, 2022 Posted Time 12:00 am Published in

    🖨 Print⏱ 4 min readSelf-directed IRAs (SDIRAs) are becoming more and more popular as IRA holders look to enter alternative investments. While SDIRAs can open up a world of investment options, the rules around them are complicated and compliance can be tricky. Below, we’ll look at a couple of relevant court cases that illustrate some of the potential pitfalls. Self-Directed Equals Higher Fees A SDIRA can own an investment in pretty much any type of asset except life insurance or collectibles. The downside to accessing investments beyond stocks, mutual funds, ETFs and bonds is that it is more expensive. The... View Article

  • 2022 Technology Trends for The Accounting Industry

    Posted Date January 1, 2022 Posted Time 12:00 am Published in

    🖨 Print⏱ 4 min readTechnology has had a major impact on the accounting industry. Gone are days when technology was a second thought and accountants preferred the traditional methods to which they were accustomed. As we start another year, technology is also progressing rapidly. The recent business disruption by the COVID-19 pandemic also has contributed to the acceleration in tech adoption. A major lesson learned from the events of the past two years is the need for digital transformation and prioritizing technologies that will help businesses remain relevant. Since the accounting industry plays a crucial role in running businesses, it... View Article

  • Raising the Debt Limit, Protecting the Capitol and Prohibiting Foreign Campaign Financing

    Posted Date January 1, 2022 Posted Time 12:00 am Published in

    🖨 Print⏱ 3 min readA joint resolution relating to increasing the debt limit(SJ Res 33) – This legislation was initially introduced on Dec. 14 by Sen. Chuck Schumer (D-NY). It is a joint resolution that authorized an increase to the public debt limit by $2.5 trillion. It passed in the Senate and the House within one day and was enacted into law by the president on Dec. 16. Capitol Police Emergency Assistance Act of 2021(S 3377) – This bill empowers the chief of the U.S. Capitol Police to unilaterally request the assistance of the D.C. National Guard or Federal law... View Article

  • Long-Term Investment Opportunities Presented by the Infrastructure Bill

    Posted Date January 1, 2022 Posted Time 12:00 am Published in

    🖨 Print⏱ 4 min readIn November, President Biden signed legislative funding that represents the largest transportation spending package in U.S. history. The $1.2 trillion Infrastructure Investment and Jobs Act authorized funding for roads, highways, bridges, public transit systems, utility systems, electrical grids, energy projects and broadband infrastructure. Because the funding extends over a five-year period, it should not have a major effect on the fiscal deficit. This is not only good news for taxpayers, but also investors. Those long-term investments offer the potential for shareholders to get in on the ground floor of reliable and well-capitalized government projects by hundreds... View Article

  • How to Get Your 2022 Finances in Order

    Posted Date January 1, 2022 Posted Time 12:00 am Published in

    🖨 Print⏱ 5 min readBelieve it or not, the New Year is here. If you’re trying to wrap your head around everything that’s ahead, one of the best things you can do is prepare yourself financially. Here are a few tasks you can get started on right away. Look Back at 2021 Depending on how in-depth you want to go, this could take a couple hours or more. That said, ask yourself these questions: Did you spend as planned? Where do you want to adjust, increase or decrease spending thresholds? What kind of unexpected expenses came up? How did you... View Article

  • How Businesses Can Combat Inflation’s Toll

    Posted Date January 1, 2022 Posted Time 12:00 am Published in

    🖨 Print⏱ 3 min readAccording to the U.S. Bureau of Labor Statistics (BLS), the Producer Price Index (PPI) or the increase in prices, goods and services that producers experienced for their input costs, saw a substantial rise, according to its latest report issued on Dec. 14. For November 2021, the PPI grew by 0.8 percent. For the past year ending in November 2021, it rose by 9.6 percent on an annualized basis. According to the BLS, this is the hottest PPI reading since this metric originated in November 2010. With costs not appearing to abate anytime soon, how can businesses... View Article

  • Venture Capitalism and ‘Unicorns’

    Posted Date December 1, 2021 Posted Time 12:00 am Published in

    🖨 Print⏱ 3 min readVenture capitalism comes from an investor who offers money to start-up companies in exchange for an equity stake – much like you see on the ABC television show, Shark Tank. As a general rule, a venture capitalist (VC) invests after the new venture is up and running and looking for additional capital to further commercialize its product. Once a privately held enterprise reaches a value of $1 billion, it is referred to as a “Unicorn.” This is because new start-ups that reach this level of success are so rare that they are considered comparable to the... View Article

  • How Businesses Can Recognize and Combat Employee Burnout

    Posted Date December 1, 2021 Posted Time 12:00 am Published in

    🖨 Print⏱ 4 min readAccording to the job site Indeed, COVID-19 has taken a toll on workers even more in 2021, compared to 2020. The survey conducted by Indeed found that 52 percent of those surveyed felt “burned out” in 2021. Sixty-seven percent of those asked said that feeling burned out has become more pronounced as COVID-19 has progressed. It’s more noticeable among remote workers (38 percent), compared to 28 percent of employees working in person. Gallup reported in October 2020 that between 2016 and 2019, worker burnout was already on the radar. Once COVID-19 hit workers in 2020, those... View Article

  • Considerations When Automating Accounts Payables

    Posted Date December 1, 2021 Posted Time 12:00 am Published in

    🖨 Print⏱ 4 min readAccounts payables (AP) is a process in the financial department that can be inconsistent and burdensome. However, today’s workforce has driven AP transformation – especially with remote working. Some businesses do not have much choice but to accept automation while others may have realized the need to automate accounts payables due to the numerous benefits that come with it. Before hastily choosing automation, it’s important to make some careful considerations to avoid mistakes that come with the improper implementation of any business accounting technology. Here are a few guiding considerations: What is the cost-benefit analysis? Any new... View Article

  • Congress at Work: Infrastructure Spending, Hiring Veteran Health Heroes and Initiatives for Education, Childcare and Immigration

    Posted Date December 1, 2021 Posted Time 12:00 am Published in

    🖨 Print⏱ 3 min readInfrastructure Investment and Jobs Act(HR 3684) – This legislation authorizes funding for federal highway, transit, safety, motor carrier, hazardous materials and rail programs of the Department of Transportation (DOT). The bill also addresses climate change with strategies to reduce the environmental impacts of the surface transportation system and facilitate the efficient use of federal resources. It was initially introduced on June 4; it passed in the House on July 1 and in the Senate on Aug. 10. It was passed again in the House in its final form on Nov. 5, and then was signed into... View Article

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