Articles for May 1, 2024
Tax and Financial News
'Master' The Augusta Rule and Save Money on Your Taxes
May 1, 2024
Anyone who lives in a highly seasonal tourist destination knows you can make money on short-term rentals during events and festivities in your city or town. Think high concentration, short-term, tourist-driven events such...
Reduce Your Taxes by Putting the Right Assets in Your IRA
April, 2024
Most people know the basic concept that certain types of investment accounts are tax sheltered while others are not. Think 401(k), 403(b), IRA and Roth IRA accounts, for example. What most people are not aware of is how you split your...
General Business News
How to Calculate Operating Return on Assets
May 1, 2024
During Q3 of 2023, businesses in the United States made approximately $3.3 trillion, according to Statista. This is right behind the third quarter of 2022, when corporations in America made even more money. These figures are...
Defining Burn Rate, Gross Burn and Net Burn
April, 2024
When it comes to any business, but especially for a start-up, it’s essential to determine how long a company can survive before it must declare bankruptcy and/or close its doors. The biggest metric, especially for a start-up, is to...
Accounting News
Working Capital and the Role it Plays in Your Business' Success
May 1, 2024
The accounting term working capital is essential knowledge for all business owners. Basically, it is the ability of a business to meet its ongoing obligations. Learning about some of the different aspects of working capital is vital...
Taking a Closer Look at Trial Balances
April, 2024
A trial balance is an accounting tool that helps businesses determine if the double entry accounting system has any mathematical errors. Once the trial balance is worked through, and the total debits and total credits equal each other, we know...
Financial Planning
Part 2: Pre-Retirement Planning Guide
May 1, 2024
There are many steps to planning for retirement. Some are legal and financial, some are about communication and some involve introspection – thinking about your life now and how you want to live the rest of it...
Part 1: Pre-Retirement Planning Guide
April, 2024
One of the more insightful quotes of baseball great Yogi Berra was, “If you don’t know where you’re going, you’ll end up someplace else.”...
What's New in Technology
Factors to Consider when Choosing Customer Relationship Management Tools
May 1, 2024
Customer relationship management (CRM) plays an important role in documenting, tracking, and managing relationships and interactions with existing and potential customers. It allows businesses to develop stronger customer connections,...
Importance of Fostering Digital Trust in Today's Businesses
April, 2024
Modern business today is dominated by digital transactions and interactions. Businesses are increasingly storing customers’ personal information, which is potentially accessible without the customers’ knowledge...
Tip of the Month
6 Ways to Use Your Tax Refund
May 1, 2024
Gosh, it feels great to get that tax refund. Dreams of a much-needed vacation or a splurge on something you’ve been craving might be running through your mind. However, as unexciting as this sounds, you might want to spend this...
April is Financial Literacy Month: How Much Do You Know?
April, 2024
What started as Youth Financial Literacy Day some years ago is now a monthlong event: Financial Literacy Month. It all started in 2003, when some U.S. legislators got together and...
Congress at Work
Funding Foreign Military and Humanitarian Aid, Setting up a Tik Tok Ban, and Re-Authorizing Foreign Surveillance on U.S. Soil
May 1, 2024
Ukraine Security Supplemental Appropriations Act, 2024 (HR 8035) – Introduced on April 17, this bill authorizes $60 billion to provide military aid to support Ukraine in its war against...
Funding the Government, Protecting Americans from Misuse of Data, Expanding Internet Access and Improving Recycling
April, 2024
Consolidated Appropriations Act, 2024 (HR 4366) – On March 9, the president signed the latest appropriations bill passed in time to halt a government shutdown. While this bill does authorize funding through end of the...