Allison Bookkeeping & Tax Service - Resources
 
Articles for March, 2021
Tax and Financial News
Four Essential Questions You Should Ask Your Tax Professional This Season Related to COVID-19
March, 2021
Good tax professionals ask the right questions to ensure they understand your situation and can help you to the best extent the law allows. Given the host of pandemic-related tax changes for 2020, it’s good to keep these...
New Year-End Tax Provisions
February, 2021
In late December, Congress passed the Consolidated Appropriations Act, which in addition to providing COVID-19 relief provisions also included many tax provisions and extenders. The Act contained many...
General Business News
Some Businesses Rely on Line of Credit to Escape Damages Caused by Pandemic
March, 2021
As businesses attempt to work their way through to a post-pandemic world, there are various means to bridge the financial gap. As recommended by the U.S. Small Business Administration (SBA), some companies can use a...
How Firms Can Restore Balance Sheets to Better Health
February, 2021
According to the World Bank Group, for businesses in emerging markets and developing economies, the bottom fourth percentile of the non-financial corporate (NFC) sector saw their balance sheets deteriorate. Looking...
Stock Market News
How Will Surging Oil Prices Impact the Economy in 2021?
March, 2021
Now that the Keystone XL pipeline is being shut down and southern parts of the United States are experiencing extremely cold weather, how will increasing oil prices impact the economy as the COVID-19 vaccine is being...
How Will Single Party Governing Impact the Markets in 2021?
February, 2021
About four in 10 Americans (41 percent) look positively toward single party control at the national level, according to an October 2020 Gallup annual governance survey. This is compared to 23 percent...
Financial Planning
The Impact of COVID on Life Insurance
March, 2021
If someone you know died from COVID-19 and had an existing life insurance policy, there should be no problem receiving the death benefit. The terms of a life insurance contract cannot be changed after purchase, so anyone with a...
While Many Suffer Financially, Some Manage to Profit off Pandemic
February, 2021
The Federal Reserve recently reported that the 50 richest people in the United States increased their net worth by $339 billion during the first half of 2020. There are two primary contributors to this near unprecedented level of...
What's New in Technology
How AI Chatbots are Transforming Businesses
March, 2021
When a business moves its services online, it runs the risk of losing the close connection it had with customers. This affects customer loyalty and sometimes means lost revenue. Thanks to technology...
Business Process Management Systems Provide Variety of Benefits to Owners
February, 2021
All businesses have one thing in common, and that is processes. Business processes – whether direct or indirect – are crucial when it comes to providing products or services to customers....
Tip of the Month
5 Cities Rank as Ideal Locations for Remote Workers
March, 2021
According to the National Bureau of Economic Research, in late spring of 2020 about half of American workers were working from home. Not surprisingly, many researchers believe that this pattern will continue after the pandemic is over. With...
How to Budget During a Pandemic
February, 2021
Right now with everything that’s going on, navigating your finances might feel overwhelming. However, there are some strategies that will help you manage cash shortfalls. Mariel Beasley of Duke University’s Common Cents Lab...
Congress at Work
Securing Jobs for Cabinet and Congress Members, Inspector Generals, and Apprentices - and Honoring Capitol Police Officer Eugene Goodman
March, 2021
To provide for an exception to a limitation against appointment of persons as Secretary of Defense within seven years of relief from active duty as a regular commissioned officer of the Armed Forces (HR 35) – Prior to passage of this...
Protecting American Ports, Federal Buildings, Allies, Oceans, and Whistleblowers
February, 2021
Save Our Seas 2.0 Act (S 1982) – This bill was introduced by Sen. Alan Sullivan (R-AK) on June 26, 2019. The purpose of the legislation is to improve efforts to clean up marine debris, encourage recycling and...