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  • Is Your Business Ready to Outsource Accounting?

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

    🖨 Print⏱ 4 min readAccurate and timely accounting is critical for any business’ survival. At the same time, it’s important for entrepreneurs to pour their energy into core business activities and not waste time on day-to-day bookkeeping. Unfortunately, the cost of setting up a full-time accounting department is prohibitive for small and mid-sized businesses. Thankfully, there is an option to outsource functions such as bookkeeping, payroll, tax services, financing, budgeting, chief finance officer services, and more to a third party. In this article, we discuss how to know if you are ready to outsource, the benefits, and how to choose... View Article

  • How to Turn a Summer Job into a Tax-Free Retirement Nest Egg and More

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

    🖨 Print⏱ 4 min readTis the season for summer jobs for high school and college kids. These seasonal jobs are more than just an opportunity for teens and college students to earn some money and gain experience. They also provide the opportunity for seeding a significant retirement nest egg and even a down payment on a home through a Roth IRA. Seems too good to be true? Well, it’s not – but as always, the devil’s in the details, and it is not exactly a free lunch. So, let’s walk through exactly how this all works. Step 1 – Earned... View Article

  • 5 Tips for Job Seekers Over 50

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

    🖨 Print⏱ 4 min readYou’ve got loads of experience in your field. You know things that only time can teach you. However, all of your experience and knowledge can sometimes work against you. And even though age discrimination is illegal, it doesn’t mean it isn’t prevalent. You can’t turn back the clock, but you can reshape how you present yourself. Here are a few good ways to get started. Learn New Skills If you see a job posting in your industry that requires knowledge of the software you don’t know, hop on YouTube or enroll in an online class. Certifications... View Article

  • HSA: Save it for Retirement

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

    🖨 Print⏱ 4 min readAccording to Fidelity Investments, the average 65-year-old couple retiring today will need about $300,000 for out-of-pocket healthcare expenses during retirement. And that doesn’t even include long-term care. One way to help pay for this enormous cost is to open a health savings account (HSA), which is a savings and investment vehicle designed to help people pay for medical-related expenses on a tax-free basis. To open one of these accounts, you must be enrolled in an HSA-eligible, high-deductible health insurance plan (HDHP). These are offered by many employers and also are available on the individual insurance market.... View Article

  • Blocking Voter Expansion, Proposing Greater Scrutiny of Inspectors General, and Paving the Way for Climate Change Measures

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

    🖨 Print⏱ 3 min readFor the People Act of 2021 (HR 12) – This bill is designed to improve voter access to the ballot box by expanding automatic and same-day voter registration, vote-by-mail and early voting. The legislation also contains provisions that limit removing voters from voter rolls, strengthens ethics rules for public servants, reduces the influence of big money in politics and addresses other anti-corruption measures. The bill was introduced by Sen. John Sarbanes (D-MD) on Jan. 4 and passed in the House on March 3. In early July, the bill was blocked by Republicans in the Senate and... View Article

  • 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 Businesses Can Harness Demand Forecasting

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

    🖨 Print⏱ 4 min readAccording to the Bureau of Economic Analysis, consumer spending has seen some interesting trends over the first half of 2021. May was flat, April was at 0.9 percent, March was 5.0 percent, and February was at 1.0 percent. With varied consumer spending statistics as the nation comes out of the pandemic, it’s important for businesses to get demand forecasting as accurate as possible. According to The University of Tennessee, Knoxville, demand forecasting is “a method for predicting future demand for a product.” It’s a calculated method to plan for inventory and helps prepare the supply chain... 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

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