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Articles for February, 2020
Tax and Financial News
When Should You Switch Your Side Hustle to a Business Entity Structure?
February, 2020
Starting a side hustle today is easier than ever. Between the numerous websites that act as marketplaces and project jobs that can be found on the internet, almost anyone can turn a skill or hobby they have into something they...
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...
General Business News
Understanding Four Types of Depreciation
February, 2020
Depreciation is an accounting process where the cost of an asset is accounted for and expensed over its useful life. It shows how the value of the asset decreases over time. Assets that can be depreciated include...
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....
Stock Market News
How Will 20-Year Treasury Bonds Impact the Economy?
February, 2020
According to a Jan. 16 press release from the U.S. Department of the Treasury, within the first six months of 2020, the federal department will begin issuing a 20-year Treasury bond. This is the U.S....
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...
Financial Planning
Safety vs. Probability: Planning For Retirement
February, 2020
As we progress through life, we find there are certain things we can control and others we cannot. However, even with the things we can’t control, we can exercise good judgement based on facts...
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....
What's New in Technology
How Businesses Benefit from Big Data Analytics
February, 2020
Previously we looked at the key technology trends in accounting to watch out for in 2020. Among the trends are big data and data analytics, which can have a great impact on businesses...
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...
Guest Writer of the Month
Why eSignatures Are Better Than Handwritten Signatures
February 2020
Signatures play an important role in authenticating a document or binding an individual by the provisions contained in a document. And sometimes, a handwritten signature can slow down the process....
The SECURE Act of 2019
The SECURE Act of 2019 is a broad bill with the purpose of increasing access to tax-advantaged retirement accounts in order to prevent retirees from outliving their assets. It mostly impacts those already in retirement or close to it....
Tip of the Month
6 Ways to Keep Safe When Using Mobile Banking
February, 2020
For the most part, smartphones are your lifeline to the world. You connect with friends and family, shop and update your status on social media. However, you also store all your personal information on them and, these days, use them to do your...
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...
Congress at Work
Blocking Robocalls, Stepping Up Suicide Prevention for Vets, and Appropriating Funds for a New Space Force
February, 2020
Pallone-Thune Telephone Robocall Abuse Criminal Enforcement and Deterrence Act (S 151) – Approximately 58.5 billion robocalls were made in the United States last year, a 22...
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...