🖨 Print⏱ 3 min readThe Roth IRA is a retirement savings account in which you invest only after-tax dollars. Subsequently, all earnings grow tax-free and may be withdrawn tax-free. However, there are limits to who can contribute and how much they can contribute to a Roth IRA. Federal rules restrict direct contributions to a Roth … Continue reading “Mega Backdoor Roth IRA”
🖨 Print⏱ 3 min readIt’s that time of year again: tax time. And while many of your money-saving options might be limited after Dec. 31, you can still do a lot to help lower your taxes, save money, and avoid penalties. Here’s a quick snapshot. Contribute to Your Retirement Accounts Yes, doing this will help … Continue reading “6 Tax Tips for 2023”
🖨 Print⏱ 4 min readEmerging technologies, such as artificial intelligence, machine learning, data analytics, and biotechnology, greatly transform society and reshape the global economy. However, these technologies also come with a significant challenge regarding ethical and social implications. Global collaboration by governments, regulators, and industry leaders can help ensure that emerging technologies are developed and … Continue reading “The Importance of Global Collaboration in Regulating Emerging Technologies”
🖨 Print⏱ 4 min readCOVID-19 Origin Act of 2023 (S 619) – This bill would authorize the Office of the Director of National Intelligence (ODNI) to declassify all information relating to the origin of COVID-19 and any correlation with the Wuhan Institute of Virology. The ODNI would be required to redact the report as necessary … Continue reading “Transparency for the Coronavirus, Federal Settlements, Smart Appliances and Public Education”
🖨 Print⏱ 3 min readBlockchain has the promise to revolutionize the way businesses and their accountants keep track of their financial records. When it comes to audit evidence, blockchain may be able to give organizations more efficient ways to bring financial data into universal conformity; help businesses present relevant financial data in an open manner; … Continue reading “How Blockchain Could Impact Accounting and Auditing”
🖨 Print⏱ 4 min readInvesting in Main Street Act of 2023 (HR 400) – Introduced by Rep. Judy Chu (D-CA) on Jan.20, this bill would permit certain financial institutions to increase investments in small business investment companies (SBICs). The current cap is 5 percent; if passed, the amount would rise to up to 15 percent … Continue reading “Increasing Small Business Investments, Relaxing COVID Vaccination Requirements and Generating More Challenges to Abortion Access”
🖨 Print⏱ 4 min readThe U.S. housing market has been extremely volatile over the past year. Year-over-year growth rates were at highs of 20.1 percent in April 2022, then declined to only 8.6 percent in November – the biggest drop in over 20 years. As a result, many homeowners who sold their homes in 2022 … Continue reading “Sold Your Home Last Year or Plan to in 2023? If So, Here’s What You Need to Know”
🖨 Print⏱ 3 min readThe Setting Every Community Up for Retirement Enhancement 2.0 Act of 2022, otherwise known as SECURE 2.0, is a piece of legislation that focuses on how employers and their employees are able to save for retirement and how it impacts their bottom lines. Businesses with as many as 50 employees can … Continue reading “How Secure 2.0 Will Impact Employers’ Tax Situations”
🖨 Print⏱ 5 min readThe College Savings 529 plan offers a way for modest-income families to save and invest for college expenses for their children as early as birth up to college age. When invested 529 funds are used to pay for the beneficiary’s qualifying education costs, earnings are distributed tax-free. However, a lesser-known advantage … Continue reading “Multigenerational College Planning with a Family Dynasty 529 Plan”
🖨 Print⏱ 4 min readThe idea of starting your own business is inherently romantic, if not exhilarating: You get to run the show, flesh out your ideas and live your dream. But where do you begin? Here are seven smart steps to get you started – and help improve your chances of success. Come Up … Continue reading “7 Steps to Start a Business”
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