Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Department of Energy relating to “Energy Conservation Program: Energy Conservation Standards for Consumer Gas-Fired Instantaneous Water Heaters (HJ Res. 20) – The House and Senate both passed a resolution negating a previous rule mandating that tankless … Continue reading “Rolling Back Regulations, Proving Citizenship Birth for Voting Rights, and Blocking Nationwide Injunctions”
Bad debt expense is an important concept that businesses must account for when it comes to their financial reporting. Regardless of the timeframe a company accounts for, it helps companies determine what portion of their receivables are collectible and what portion are not – and therefore, a bad debt expense. Depending on the receivables’ amount, … Continue reading “How to Account for Bad Debt Expense”
When it comes to the risk of default, Moody’s found that during COVID-19, American businesses had a 7.8 percent chance of defaulting. This is compared to a low of 4 percent in 2021, but lower than the current 9.2 percent risk of default, according to a March 2025 report by the rating agency. Also known … Continue reading “Cash Flow Available for Debt Service (CFADS)”
College graduation is a huge milestone. You’ve completed one chapter and are on the precipice of the next. While exciting, it can also be daunting – you have a whole new set of responsibilities in front of you. But take heart, we have some tips to help you navigate. Look back to look forward. Take … Continue reading “How New Grads Can Master Their Finances”
Municipal bonds (also known as munis) are issued by a state or local government. Interest income is typically paid out twice a year and is not subject to federal taxes. When an investor purchases a bond issued from his own state, the income is generally not subject to state income taxes. However, there are a … Continue reading “Reasons to Consider Out-of-State Municipal Bonds”
Competition in business today has become fierce. Each organization is constantly looking for innovative ways to form strong relationships with its customers. Loyalty programs have been used for a long time to build a devoted customer base. As technology advances, new technologies like Web3 are emerging, offering more opportunities to revolutionize loyalty programs, build vibrant … Continue reading “Building Deeper Customer Connections: Leveraging Web3 for Loyalty, Community, and Engagement”
The Trump Administration announced it will no longer apply the beneficial ownership information (BOI) requirements of the Corporate Transparency Act (CTA) to domestic companies. This declaration came first via social media, marking a significant shift in policy. Under this new directive, U.S. businesses are exempt from the BOI reporting requirements of the CTA. The Treasury … Continue reading “Treasury Declares New Beneficial Ownership Reporting Law Will Apply Only to Foreign Companies”
Full-Year Continuing Appropriations and Extensions Act, 2025 (HR 1968) – In the nick of time before the midnight deadline that would have otherwise shut down the Federal government, Congress passed a budget bill to fund the rest of the fiscal year that ends Sept. 30. This bill increases funding for the military by $6 billion … Continue reading “Preventing a Government Shut Down, Rolling Back Regulations and Clarifying Cryptocurrency Protocols”
Depreciation can help a business realize tax benefits, maintain compliance with financial reporting requirements, and project asset replacement. The half-year convention for depreciation is an important practice to understand. For fixed assets, depreciation is recognized and recorded on a 50 percent basis for the initial and concluding years over its schedule. This supposes that fixed … Continue reading “Dissecting the Half-Year Convention for Depreciation”
When it comes to analyzing a company’s financials, there are many avenues we can take. One way is through multiples; calculating the EV/2P multiple is the focus of this analysis. This ratio looks at a business’ enterprise value against its proven and probable 2P reserves. While ratios or multiples are used in valuing companies, this … Continue reading “Valuation Ratio Calculating the EV / 2P”
