Articles for June, 2021
Tax and Financial News
The Biggest Winners and Losers in President Biden's Proposed Individual Tax Plan
June, 2021
President Biden presented his $1.8 trillion American Families Plan, which focuses on expanding benefits for education, children and childcare. The Biden administration intends to pay for the plan with a series of tax...
Everything There is to Know About the New Child Tax Credit
May, 2021
The Child Tax Credit as we know it originated during the Clinton administration, but the recently enacted American Rescue Plan created a new version. The updated version of this tax credit could have a beneficial...
General Business News
Vaccine Hesitancy: Why We Have It and How It Affects Employers and Employees
June, 2021
According to a Tufts University survey, six in ten of those surveyed are now vaccinated against COVID-19. However, almost 40 percent of the unvaccinated respondents said they won't get the vaccine. Only 28.5 percent of the...
How Businesses Can Hedge Against Increasing Inflation
May, 2021
Inflation is on the rise. According to a recent Economic News Release from the U.S. Bureau of Labor Statistics (BLS), the Producer Price Index for final demand grew by 1 percent in March. February saw...
Stock Market News
Will The Federal Reserve Create a Taper Tantrum in 2021?
June, 2021
With the economy reopening and more Americans receiving COVID-19 vaccinations, the economy is expected to be operating on all cylinders. However, some economists and market analysts are afraid The Federal Reserve may create a...
How Will a Steepening Yield Curve Impact Markets?
May, 2021
Based on data from the Federal Reserve Bank of St. Louis, the spread between the 10-year and two-year constant maturity Treasury rates increased by 66 basis points – from 0.48 percent in July 2020...
Financial Planning
Real Estate Opportunities in 2021
June, 2021
Even before the pandemic began, the U.S. residential real estate market was short on houses, with more people looking to buy than those who were selling. And yet, unlike the 2008 recession, any economic woes related to the...
New Rules and Ways to Use HSAs/FSAs
May, 2021
People who own a high-deductible health insurance plan may have the ability to open a health savings account (HSA). They can contribute pre-tax income to an HSA and invest the money for tax-free growth...
What's New in Technology
How to Choose the Right Accounting Software for your Business
June, 2021
Business accounting activities can be tedious when performed manually and are prone to errors. For these reasons, many businesses have shifted to accounting software that offers numerous benefits, including data accuracy,...
E-Invoicing Presents Opportunities for Businesses to Save
May, 2021
Invoicing is an important process in any business. Unfortunately, it’s also a laborious process that requires accuracy. With technology advances, businesses have tried to use various means to ease...
Tip of the Month
6 Ways to Make Saving Money Fun
June, 2021
Let’s face it. Saving money is a challenge at best – and really hard the rest of the time. But what if you made it a fun game to inspire yourself to save? Here are a few ways to do just that...
7 Ways to Save 10K a Year
May, 2021
If you’re scratching your head and wondering if we’ve lost our minds, please keep reading. You can do this. All you need to do is plan your steps – and stick to it. After all, Confucius says, “A...
Guest Article of the Month
How Senate's Rules Shape Tax Laws
June, 2021
Senate rules and procedures have a major impact on how tax laws are drafted and amended, especially when it comes to those related to the budget reconciliation process...
Congress at Work
Addressing Hate Crimes, Banks Serving the Cannabis Industry and Unilateral Power to Restrict Immigration
June, 2021
Comprehensive Debt Collection Improvement Act (HR 2547) – This bill would expand financial protections and restrictions on debt collection activities for consumers, in particular for private student...
Advancing Healthcare Initiatives, Small Business Funding and Protecting the Elderly from Scams
May, 2021
FASTER Act of 2021 (HR 578) – This bill expands the definition of major food allergens for food-labeling purposes to include sesame. It is designed to protect Americans with food allergies and related...