2024 Cost of Living Adjustments
2023-11-01
In one year’s time, the U.S. inflation rate dropped by more than half, from 8.2 percent in September 2022 to 3.7 percent in September of 2023.Read More →
7 Smart Saving Strategies for Retirement
2023-11-01
Next year, something called Peak 65 is happening. This moniker refers to the fact that more Americans will reach the traditional retirement age of 65 in the same year than at any time in history. Crazy…Read More →
IRS Plans to Use AI and Ramp Up Enforcement on Millionaires, Partnerships and Crypto
2023-10-01
Recently, IRS Commissioner Danny Werfel spoke of changes within the IRS, announcing several initiatives focusing on high-income earners and partnerships, as well as integrating the use of AI within the agencyâ??s work. According to the…Read More →
Common Financial Reporting Mistakes and How to Correct Them
2023-10-01
With accounting fraud and financial reporting mistakes creating a lack of confidence, understanding how financial reporting mistakes occur and are detected is an important topic. According to the Association for Federal Enterprise Risk Management and…Read More →
Work and Social Security Benefits
2023-10-01
You can work and still receive Social Security benefits, but how much you receive depends on a number of factors…Read More →
How to Organize Your Tax Documents
2023-10-01
Since tax time isn’t until next April, organizing your documents right about now might not be top of mind, or even something you want to do. However, if you don’t want to have to scramble come springtime, you might want to…Read More →
2021 Vs 2022 Vs 2023 Federal Income Tax Brackets
2023-09-01
The US tax system is progressive, meaning that the more you earn the more you pay. For the years 2021-2023 there are seven different brackets for each year (2020 was the same…Read More →
IRS Announces End of Unannounced Taxpayer Visits (Mostly)
2023-09-01
You wake up in the middle of the night. Heart racing, drenched in sweat and breathing heavy. Thankfully, it was just a nightmare when the IRS showed up at your doorstep unannounced. Recently, however, this was the reality for…Read More →
How to Identify and Avoid Cash Flow Pitfalls
2023-09-01
Looking at expenses for one’s business is essential to reduce cash flow issues. For example, it would show if there’s too much money leaving the business or what type of scenario the business might face if there’s an unexpected and large…Read More →
Widow/er Social Security Benefits
2023-09-01
A widow or widower is eligible for a survivors benefit from Social Security even if they never worked – as long as the deceased spouse qualified for benefits based on his or her own income record. Also note that surviving spouses must…Read More →