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  • Defining and Calculating Amortization

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

    🖨 Print⏱ 3 min readWhen there’s a question of the benefit that tangible or intangible assets provide businesses, there are many factors that must be weighed to make internal accounting procedures effective. Businesses must determine how the cost of business assets can be expensed each year over the asset’s lifespan. Looking at how amortization and depreciation work, implementing both processes depend on the type of asset being expensed. There are noticeable differences for each method, including how to salvage value is considered, whether accelerated expensing is allowed, and how each type is expressed on financial statements. Amortization Amortization is an... View Article

  • How to Write Great Happy Holiday Emails

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

    🖨 Print⏱ 3 min readThere’s no better time than the holidays to show your employees and your clients how much you appreciate them. Here are five simple steps to help you craft the perfect email in no time. Decide on the Audience and Purpose Before you begin, determine who will be your recipients. For instance, if you’re writing to your team, it will be a bit different than writing to your clients. However, no matter who you are addressing, you’ll probably want to start by expressing your gratitude. After that, you can further refine your message. If it’s to your... View Article

  • Do You Have an Investment Exit Strategy?

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

    🖨 Print⏱ 4 min readAre you a trader or an investor? The difference is frequently discerned by how closely you monitor the stock market and how quickly you move in and out of investments. Traders are often referred to as market timers because they actively seek to buy into positions when share prices drop, and sell out when those prices rise. Many financial planners and professional money managers are not strong proponents of market timing. The reality is that no one can predict market movements accurately over the long term, so success is often a matter of luck and opportunity.... View Article

  • Saving Animals, Enhancing Government Efficiency, and Supporting Global Food Security

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

    🖨 Print⏱ 4 min readPlanning for Animal Wellness Act /PAW Act (S 4205) – Introduced by Sen. Gary Peters (D-MI) on May 12, this act instructs the Federal Emergency Management Agency (FEMA) to compile best practices and federal guidance for handling household pets, service and assistance animals and captive animals during emergencies and disasters. Initiatives include preparedness (e.g., sheltering and evacuation planning), response and recovery.The bill passed in the Senate on Aug. 6, in the House on Sept. 14 and was signed into law on Oct. 17 by President Biden. Bulb Replacement Improving Government with High-Efficiency Technology Act/BRIGHT Act (S... View Article

  • Quantum Computing Uses That Solve Business Problems

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

    🖨 Print⏱ 4 min readEarly technology adopters are more likely to gain better business results, including higher revenue growth and market position. With businesses facing complex problems every day, it is no doubt that they are always watching out for the next big tech that offers a better solution. Although still in its infancy stages, quantum computing is a technology whose commercial use will disrupt the business environment. What is Quantum Computing? Quantum computing is a technology that focuses on manipulating and controlling different laws of physics. This non-classical technology uses quantum mechanical concepts like superposition and quantum entanglement. The... View Article

  • Auditing: What it is & Why It’s Done

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

    🖨 Print⏱ 4 min readThe Importance of Auditing Auditing typically refers to an objective review of a company’s financial statements, which consists of the cash flow statement, the income statement and the balance sheet. It analyzes the level of accuracy that the business has characterized its financial records. The process looks at how a business documents investing, financing and operating ventures. Depending on the type of audit and what it aims to accomplish, it can be conducted by internal employees or independent, third-party examiners like a Certified Public Accountant (CPA) firm or a government agency such as the Internal Revenue... View Article

  • Tax Planning Guide for Disaster Area Victims

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

    🖨 Print⏱ 4 min readThe recent hurricane Ian impacted much of the southeast United States. As a result, it is good to know the general tax rules related to disaster victims. Below, we look at several tax topics for disaster area victims. 1. Tax Returns and Filings Q: I am a disaster area victim and needed to move from my home. I might not be back for a long time or even at all. Which address should I use on my tax return? A: A taxpayer should always use their current address in filing a tax return. In the situation... View Article

  • How to Host Awesome Holiday Office Parties

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

    🖨 Print⏱ 4 min readFall is here and so are many of the holidays we love. Whether it’s Halloween, Thanksgiving or December holidays, here are some fail-safe things you can do to make sure everyone shows up and has a good time. Throw a Potluck One of the easiest ways to lure people away from their desks is – you guessed it – food. Create a sign-up sheet with different categories to make sure you have enough savory and sweet dishes, and provide options for those with dietary restrictions. If you’re the organizer, you might supply the drinks and utensils,... View Article

  • Recent Trends in Long Term Care Insurance

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

    🖨 Print⏱ 5 min readLong term care (LTC) is associated with the elderly for good reason. Over the past 50 years, life expectancy has increased significantly and is therefore something all families should be prepared to address. Even though we may live to a ripe old age, that doesn’t mean we will be healthy or able to live independently. Most people develop one or more chronic conditions that require living assistance – and many live with that ailment for years. Conditions such as arthritis, joint and muscle deterioration, or back pain often lead to chronic disability, making it difficult to... View Article

  • Shoring up Protections for Sexually Abused Children, the Mentally Ill in Crises, and a Benefit Increase for Disabled Veterans

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

    🖨 Print⏱ 3 min readEliminating Limits to Justice for Child Sex Abuse Victims Act of 2022 (S 3103) – Introduced by Sen. Richard Durbin (D-IL) on Oct. 28, 2021, this Act eliminates the statute of limitations for civil lawsuits by anyone who, as a minor, was a victim of human trafficking or a federal sex crime. The bill passed in the Senate on March 2, in the House on Sept. 13, and was signed into law on Sept. 16 by President Biden. Law Enforcement De-Escalation Training Act of 2022 (S 4003) – This bill would authorize training for de-escalation and... View Article

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