Articles for January, 2020
Tax and Financial News
2020 Tax Brackets, Deductions, Plus More
January, 2020
Beginning on Jan. 1, 2020, the Internal Revenue Service (IRS) has new annual inflation adjustments for tax rates, brackets, deductions and retirement contribution limits. Note, the amounts...
How to Defer, Avoid Paying Capital Gains Tax on Stock Sales
December, 2019
The markets are hitting all-time highs, so if you are thinking of selling stocks now or in the near future, there is a good chance that you will have capital gains on the sale. If you’ve held the stocks for more...
General Business News
How to Calculate and Analyze Return on Equity
January, 2020
When it comes to evaluating a business, especially one that is publicly traded, determining its return on equity (ROE) is one way to see how it’s performing....
Furniture, Fixtures and Equipment - and Depreciation
December, 2019
When it comes to determining depreciation for Furniture, Fixtures and Equipment (FF&E), there are many considerations that exist for accountants and business owners....
Stock Market News
How Will Oil Prices Fare in 2020 With Global Events?
January, 2020
When it comes to 2020 and energy prices, the world's energy market will face many known and unknown variables. How and what types of events that will ultimately play out are unknown but, according to industry and...
What Would a Phase One Deal with China Encompass?
December, 2019
The so-called phase one of a trade deal with China is expected to contain a provision for $40 billion to $50 billion in purchases of American agricultural products by China, according to an October...
Financial Planning
Economic Correlation: Cyclical and Non-Cyclical Stocks
January, 2020
A rising tide might lift all boats, but the same cannot be said for the economy....
Gross Domestic Product: A Primer
December, 2019
The economic indicator known as Gross Domestic Product (GDP) represents the dollar value of all purchased goods and services over the course of one year. It is comprised of purchases from...
What's New in Technology
Key Technology Trends in Accounting to Watch Out For in 2020
January, 2020
Technology advances continue to reshape industries and businesses – and the accounting industry is no exception. So far, a lot of repetitive tasks are performed with the help of advanced hardware and...
What is Splinternet and Why You Should Care
December, 2019
Eric Schmidt, former Google CEO, made a prediction in September 2018 that the internet will split in two – one part being led by China and the other by the United States. The reasoning behind this involves...
Tip of the Month
4 Financial New Years Resolutions You Can Actually Keep
January, 2020
Believe it or not, it’s 2020. You’re not just starting a new year, you’re entering a new decade. With this in mind, you might want to make some resolutions that focus on your finances...
Practicing Gratitude: A Look Back at 2019
December, 2019
It may be hard to believe, but the end of the year is upon us. During this time, many of us might reflect on the year and tally up the good and the bad, the pros and the cons of the past 12 months. In a society that focuses...
Congress at Work
Protecting TV Viewers, Whistleblowers and Supreme Court Justices; New Status Provisions for Immigrant Workers; and OTC Drugs
January, 2020
Reauthorizing Security for Supreme Court Justices Act of 2019 (HR 4258) – This bill reauthorizes the Marshal of the Supreme Court and the Supreme Court Police to protect the Justices of the Supreme Court, their employees and...
Hanging Flags, Awarding Geniuses, Supporting Hong Kong Protestors and Criminalizing Animal Cruelty
December, 2019
National POW/MIA Flag Act (S 693) – This bill amended title 36 of the United States Code to Hanging Flags, Awarding Geniuses, Supporting Hong Kong Protestors and Criminalizing Animal Crueltyrequire...