Articles for February, 2021
Tax and Financial News
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...
Paying the Price for Vice: The Evolving Landscape of Excise Taxes in America
January, 2021
While excise or vice taxes have long been a part of the American tax landscape related to alcohol and cigarettes, the recent invention of vaping and legalization of marijuana and other substances is changing the landscape...
General Business News
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...
COVID-19 Vaccination Considerations for Employers
January, 2021
Looking at a 2009 letter from the U.S. Department of Labor, Occupational Safety and Health Administration (OSHA), employers may be able to require their employees to take the COVID-19 vaccine, with a few...
Stock Market News
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...
How Will the Biden Administration's China Policy Impact Markets?
January, 2021
The Obama and Trump administrations couldn’t have had a more different approach when it came to U.S. relations with China. As the Institute for China-America Studies (ICAS) explains, under the Obama...
Financial Planning
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 To Know About Filing For Bankruptcy
January, 2021
About one million Americans file for personal bankruptcy each year, with one in 10 households having filed at some point. Given the loss of jobs, reduced income and the coronavirus recession in 2020, those...
What's New in 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....
Standalone 5G Networks: Potential Vulnerabilities that Could Result in Denial of Service for Customers
January, 2021
5G networks promise high speeds, lower latency and more robust security compared to its predecessors – and this has created a lot of buzz. As a result, there is a lot of competition among...
Guest Post of the Month
Looking Ahead to 2021: Hope is Not Canceled
January, 2021
Despite the fresh start that a new year promises, our world hasn’t changed much since last March. We’re still living in a new normal. We’re masking up, working (and schooling) from home and social...
Tip of the Month
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...
Deciding if a Roth IRA Conversion is For You
January, 2021
Roth IRAs can be a powerful tax tool, but they are often misunderstood and misused. Investment income in Roth IRAs compound tax-free, and most distributions are tax-free as well. Another benefit is...
Guest Article of the Month
Details on the Expansion and Clarification of the Employee Retention Credit
January, 2021
The CARES Act created the Employee Retention Credit as part of the government’s relief package to mitigate the economic impact of COVID-19. Recently, on Dec. 28, 2020, Congress enacted the Consolidated...
Congress at Work
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...
Prosecution for Use of Performance Enhancement Drugs, Modernizing Government Technology, and Enhancements for Veterans and Their Caregivers
January, 2021
Rodchenkov Anti-Doping Act of 2019 (HR 835) – This bill was introduced by Rep. Sheila Jackson Lee (D-TX) on Jan. 29, 2019. The purpose of this legislation is to give U.S. officials the power to prosecute individual...