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  • Technology Driven Accounting: How to Prepare Staff for a New Age in Accounting

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

    🖨 Print⏱ 4 min readTechnology has no doubt changed the traditional way of doing things. Businesses and professionals are left with no choice but to adopt new technology to remain relevant in a changing environment. However, the successful adoption of this new age in accounting can happen only if you prepare your staff in advance. Why it’s Necessary to Prepare for the New Age Accounting Technology offers many benefits; however, the constant rapid changes in technology create a major challenge to organizations and even to the professionals/employees. Some decide to stick with systems with which they are already proficient. Unfortunately,... View Article

  • How to Develop a Hybrid Work Policy Post-Pandemic

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

    🖨 Print⏱ 5 min readAccording to a Prudential survey, 87 percent of respondents said they would prefer to work remotely at least one day per week. This is compared to 13 percent of respondents preferring to work at the office all the time. The same survey found that one-third of respondents wouldn’t want to work for a business that had a 100 percent on-site work policy. According to a report from Microsoft titled, “The Next Great Disruption is Hybrid Work – Are We Ready?” 54 percent of employees report “feeling overworked” while 39 percent say they “feel exhausted.” The study... View Article

  • Restricted Stock & RSUs: 3 Planning Tips

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

    🖨 Print⏱ 4 min readEquity compensation is becoming more mainstream and is not just for executives anymore. Grants of restricted stock or restricted stock units (RSUs) are getting to be more common than stock options – and the rules are different, as is the tax planning. Below we will look at some of the particulars of how restricted stock and RSUs operate, how to understand a grant, planning for the tax consequences, and what to do after the shares vest. How Restricted Stock and RSUs Work At their core, restricted stock and RSU company shares that vest according to a... View Article

  • 5 Tips for Going Back to the Office

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

    🖨 Print⏱ 4 min readSlowly, our world is changing. A percentage of the population has been vaccinated and many employees are headed back to the office. However, this may cause a bit of anxiety – and understandably so. Here are few ways to help take the edge off of returning to the workplace. Wake up Earlier For some of you, working from home might have caused you to shift your office hours. Maybe you’re starting later and staying up later. Whatever your routine, it’s safe to say that generally, office hours are 9 a.m. to 5 p.m. A few days,... View Article

  • Wishing on a Star: Investors Pour Billions in to SPACs

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

    🖨 Print⏱ 3 min readA SPAC is a special purpose acquisition company. It is typically sponsored by a venture capitalist or a private equity firm that has expertise in a specific sector or industry, such as green technology. A SPAC launches as an IPO, but it is nothing more than a shell company that raises money from investors. Post-IPO, it has a limited amount of time (one to two years) to merge with an existing company, where the capitol is deployed. Once that happens, the private operating company trades publicly under the SPAC name. While SPACs have been around for... View Article

  • Recognizing the Abolishment of Slavery and Compensating Law Enforcement, Overseas Federal Employees and Disaster Relief Victims

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

    🖨 Print⏱ 3 min readJuneteenth National Independence Day Act (S 475) – This bill authorizes Juneteenth National Independence Day on June 19 as a legal public holiday. The bill was introduced by Sen. Ed Markey (D-MA) on Feb. 25. It was passed by both the House and the Senate on June 16 and signed into law by the president on June 17. Protecting America’s First Responders Act (S 937) – This bill was introduced by Sen. Chuck Grassley (R-IA) on April 29. The legislation ensures that certain law enforcement and first responders who have become permanently and totally disabled as... View Article

  • Audits in Accounting: Improving Audit Quality with Data Analytics

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

    🖨 Print⏱ 4 min readAuditing is crucial to ensure the accuracy and fairness of financial information. However, one of the biggest threats to audit reputation today is data quality. This is because of the large volumes of data that businesses produce today. To deal with so much data, auditors are now turning to data analytics. Data Analytics and Audits Technology has played a major role in business growth as it aids in reducing operational costs and improving customer service. As such, many businesses have adopted enterprise resource planning (ERP) systems. These systems result in huge volumes of data, making it... View Article

  • The Biggest Winners and Losers in President Biden’s Proposed Individual Tax Plan

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

    🖨 Print⏱ 3 min readPresident Biden presented his $1.8 trillion American Families Plan, which focuses on expanding benefits for education, children and childcare. The Biden administration intends to pay for the plan with a series of tax hikes on certain individual taxpayers. Depending on your income and source of wealth, there are some clear winners and losers of this proposal, so let’s look at each and start with those who lose. Losers Under the Plan High Earners: The proposed plan would increase the highest individual tax rate from 37 percent up to 39.6 percent. Currently, this tax bracket starts with... View Article

  • 6 Ways to Make Saving Money Fun

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

    🖨 Print⏱ 3 min readLet’s face it. Saving money is a challenge at best – and really hard the rest of the time. But what if you made it a fun game to inspire yourself to save? Here are a few ways to do just that. Keep the Change Challenge Anytime you receive or find loose change in your pockets or house, put it in a jar. Don’t touch it for a year, and then see how much you save. But here’s a great plus-up for this habit: download a money-saving app like Acorns and watch your savings grow. Anytime... View Article

  • Real Estate Opportunities in 2021

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

    🖨 Print⏱ 4 min readEven before the pandemic began, the U.S. residential real estate market was short on houses, with more people looking to buy than those who were selling. And yet, unlike the 2008 recession, any economic woes related to the pandemic did not undercut housing prices. If anything, real estate had a banner year as home prices continued to rise. In April of this year, the median sale price of existing homes rose by 19.1 percent to a record high of $341,600. There are several reasons we haven’t seen a repeat of the housing crisis that we experienced... View Article

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