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  • 7 Ways to Avoid Investment Fraud

    Posted Date March 1, 2020 Posted Time 12:00 am Published in

    🖨 Print⏱ 4 min readThese days, you can’t be too careful when it comes to investments. And if you’re older, you’re a prime target for fraudsters. That said, anyone of any age is vulnerable. Here are a few key things to keep in mind when you’re considering investing.       Ask Lots of Questions Of course, you’re going to ask questions, but make sure you ask the right ones. Is the product registered with the SEC or state securities agencies? What are the fees? How does the company make money? What things might affect the value of the investment? Are... View Article

  • SECURE Act Seeks to Help Americans Save More for the Golden Years

    Posted Date March 1, 2020 Posted Time 12:00 am Published in

    🖨 Print⏱ 4 min readAt the end of 2019, Congress passed the Setting Every Community Up for Retirement Enhancement (SECURE) Act as part of a year-end appropriations package. This bill is designed to address specific issues related to retirement savings plans in an effort to help Americans save more for retirement. Retirement Plan Contributions People are living longer, and a decrease in employer-sponsored pensions has resulted in retirees relying more on Social Security benefits than in the past. So first, the SECURE Act eliminated the age limit on traditional IRA contributions so that people who work into their 70s and... View Article

  • Understanding Three Revenue Metrics

    Posted Date March 1, 2020 Posted Time 12:00 am Published in

    🖨 Print⏱ 4 min readAccording to the 2019 Small Business Profile, a project from the U.S. Small Business Administration’s Office of Advocacy, there are 30.2 million small businesses, making up 99.9 percent of all U.S. businesses. With 59.9 million of these small business employees making up 47.3 percent of workers in the United States, it’s clear that this is an important segment of the American economy. With small businesses striving for profitability, the following are some examples of how they can measure their revenue targets, helping them increase their chances of profitability. Average Revenue Per User (ARPU) This ratio can... View Article

  • Supporting Veteran Careers, Protecting the Food Supply, and Reducing Wasted Government Spending

    Posted Date March 1, 2020 Posted Time 12:00 am Published in

    🖨 Print⏱ 3 min readSupporting Veterans in STEM Careers Act (S 153) – This bill encourages veterans to participate in STEM (science, technology, engineering, and mathematics) fields in a variety of ways, including making veterans eligible for certain National Science Foundation (NSF) programs. The Act directs the Office of Science and Technology Policy to establish an interagency working group to improve veteran and military spouse representation in STEM fields, and authorizes funding for the Government Accountability Office to study 1) the academic success rates of student veterans pursuing an undergraduate degree in STEM and related fields; and 2) the barriers... View Article

  • How Businesses Benefit from Big Data Analytics

    Posted Date February 1, 2020 Posted Time 12:00 am Published in

    🖨 Print⏱ 4 min readPreviously we looked at the key technology trends in accounting to watch out for in 2020. Among the trends are big data and data analytics, which can have a great impact on businesses. Business data has existed for a long time, whether in filing cabinets, ledgers or storage devices. But today businesses both large and small have to deal with huge collections of data every day. This has seen the rise of data analytics trends that include deep learning, machine learning and dark data. Unfortunately, small and medium businesses (SMB) have to struggle with making a... View Article

  • Understanding Four Types of Depreciation

    Posted Date February 1, 2020 Posted Time 12:00 am Published in

    🖨 Print⏱ 4 min readDepreciation is an accounting process where the cost of an asset is accounted for and expensed over its useful life. It shows how the value of the asset decreases over time. Assets that can be depreciated include buildings, fixtures, production equipment, etc. For intangible assets, including many types of intellectual property, this process is called amortization. For commodities mined or harvested from the earth, such as lumber, crude oil or natural gas, this process is called depletion. Here are four common types of depreciation. Straight Line Method In order to determine depreciation using this method, the... View Article

  • When Should You Switch Your Side Hustle to a Business Entity Structure?

    Posted Date February 1, 2020 Posted Time 12:00 am Published in

    🖨 Print⏱ 4 min readStarting a side hustle today is easier than ever. Between the numerous websites that act as marketplaces and project jobs that can be found on the internet, almost anyone can turn a skill or hobby they have into something they can make money off. Many people who do this are just looking to make a little extra money on the side, but this side hustle can turn into something bigger – and this is where the tax and legal questions come in. Sole Proprietorship For someone just starting or looking to make a little extra on... View Article

  • 6 Ways to Keep Safe When Using Mobile Banking

    Posted Date February 1, 2020 Posted Time 12:00 am Published in

    🖨 Print⏱ 4 min readFor the most part, smartphones are your lifeline to the world. You connect with friends and family, shop and update your status on social media. However, you also store all your personal information on them and, these days, use them to do your banking. That’s why you need to take precautions. Here are a few critical things to do to make sure your information isn’t compromised. Protect Your Smartphone Your desktop and laptop are secure with anti-virus software and firewalls; the same should go for your phone. Here are five basic things you need to do... View Article

  • Safety vs. Probability: Planning For Retirement

    Posted Date February 1, 2020 Posted Time 12:00 am Published in

    🖨 Print⏱ 3 min readAs we progress through life, we find there are certain things we can control and others we cannot. However, even with the things we can’t control, we can exercise good judgment based on facts, due diligence, historical patterns and a risk/reward calculation. These strategies play an important role in retirement planning. When it comes to accumulation, spending and protecting your nest egg, financial analysts rely heavily on safety and probability planning strategies. For example, a probability-based approach generally refers to investing. In other words, prices of stocks and bonds will vary over time, and as investors,... View Article

  • Why eSignatures Are Better Than Handwritten Signatures

    Posted Date February 1, 2020 Posted Time 12:00 am Published in

    🖨 Print⏱ 2 min read Signatures play an important role in authenticating a document or binding an individual by the provisions contained in a document. And sometimes, a handwritten signature can slow down the process. This is because it’s dependent on the availability of the parties that are involved. It also includes the exchange of paper. You can imagine if you are doing business with an overseas company and have to wait for the documents to be delivered before you can continue with the transaction. Many business processes have now been automated – and the signing of documents is one... View Article

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