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How Financially Smart Are You? Take Our Quiz to Find Out!
Test your financial knowledge with our 12-question quiz on retirement planning, credit, taxes, and more. From understanding the "50/30/20" rule to knowing when you can make catch-up contributions to your retirement accounts, this quiz is a fun way to see how well you know the personal finance essentials. Take the quiz now and learn more about how to secure your financial future.
Surging mental health needs challenge health care, but also provide opportunities
The Department of Health and Human Services and related agencies recognize the need to ease restrictions on access to mental health and wellness services
IRS issues guidance for section 25C energy efficient home improvement credit
Section 25C energy efficient home improvement credit proposed regulations and Rev. Proc, 2024-31 released.
Strategic health care M&A requires strict capital allocation discipline, despite falling rates
As the changing rate environment affects the operating environment, we expect strategic players will evaluate more deals, at a rate above the historical averages.
FASB proposes guidance on accounting for government grants
A proposed FASB ASU addresses recognition, measurement and presentation of government grants by business entities.
FASB proposes guidance to improve interim financial reporting
The FASB's proposed ASU establishes a comprehensive list of interim disclosures for entities that provide interim financial statements.
Court strikes down Biden administration overtime rule
A rule that sought to increase the salary threshold for overtime exemption has been struck down by U.S. District Judge Sean Jordan. Learn the impact of this decision, how the situation unfolded, and potential future scenarios.
Key IRS Update: new 1099-K thresholds set through 2026
Significant changes to the IRS’s 1099-K reporting thresholds are on the horizon, affecting anyone who uses payment apps or online marketplaces. Starting in 2024, more of your transactions could be reported to the IRS, potentially impacting your tax obligations. Find out what these updates mean for you and how to navigate the new requirements.
Understanding Trump’s proposed tax changes: implications for taxpayers and business owners
Learn about President-elect Trump’s proposed tax changes and how they could affect your financial strategy. This nonpartisan article discusses the potential impacts of extending and expanding the Tax Cuts and Jobs Act of 2017, among other proposed changes. Stay informed about potential tax changes and learn how to prepare for them.
FASB’s proposed updates on software development accounting
The Financial Accounting Standards Board (FASB) proposes changes to accounting for internal software development costs. Learn about the proposed changes and how they might affect your company's financial reporting.
U.S. consumer confidence improves to highest level in more than a year
Consumer confidence edged up in November to its highest level in more than a year, driven by improved sentiment about both the current economic situation and future expectations.
IRS extends the research credit claim transition period to Jan. 10, 2026
The IRS has announced it will extend the research credit claim transition period, which was set to expire in January 2025, an additional year to Jan. 10, 2026. The IRS continues to require detailed information at the time of claiming the research credit.
Simplify Tax Season: A Glossary of Key Tax Terms
Navigating the complexities of federal taxes can be daunting, especially with confusing terminology and upcoming tax law changes. This article defines 20 essential tax terms, from "adjusted gross income" to "wash sales," to help you better understand your obligations and opportunities. Whether you're a business owner or individual taxpayer, this glossary will help make the tax season more manageable. Learn the language of taxes and prepare for 2025's potential changes—read the full article.
Why Your Cybersecurity Strategy Needs Physical Security to Match
Physical and digital security are no longer separate concerns for small businesses. This article explores how these risks are intertwined, with examples such as physical theft leading to data breaches. Learn practical solutions, including employee training, mobile device management, and professional evaluations, to safeguard your business assets. Don't overlook the importance of proactive measures—read the full article to fortify your defenses.
Is Your Business Ready for the Future? The Essential Guide to Succession Planning
Creating a succession plan is essential for business owners looking to preserve their legacy. This article discusses how to define your succession goals, select an appropriate exit strategy, and prepare your management team for future success. Learn how a well-thought-out plan can help minimize family discord, reduce tax burdens, and secure your business's future. Read the full article for detailed insights.
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