🖨 Print⏱ 4 min readAuditing is crucial to ensure the accuracy and fairness of financial information. However, one of the biggest threats to audit reputation today is data quality. This is because of the large volumes of data that businesses produce today. To deal with so much data, auditors are now turning to data analytics. … Continue reading “Audits in Accounting: Improving Audit Quality with Data Analytics”
🖨 Print⏱ 3 min readJuneteenth National Independence Day Act (S 475) – This bill authorizes Juneteenth National Independence Day on June 19 as a legal public holiday. The bill was introduced by Sen. Ed Markey (D-MA) on Feb. 25. It was passed by both the House and the Senate on June 16 and signed into … Continue reading “Recognizing the Abolishment of Slavery and Compensating Law Enforcement, Overseas Federal Employees and Disaster Relief Victims”
🖨 Print⏱ 3 min readPresident 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 hikes on certain individual taxpayers. Depending on your income and source of wealth, there are some clear winners … Continue reading “The Biggest Winners and Losers in President Biden’s Proposed Individual Tax Plan”
🖨 Print⏱ 6 min readAccording 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 remaining unvaccinated respondents said they will get vaccinated against COVID-19 in the future, with the … Continue reading “Vaccine Hesitancy: Why We Have It and How It Affects Employers and Employees”
🖨 Print⏱ 4 min readEven 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 pandemic did not undercut housing prices. If anything, real estate had a banner … Continue reading “Real Estate Opportunities in 2021”
🖨 Print⏱ 3 min readLet’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. Keep the Change Challenge Anytime you receive or find … Continue reading “6 Ways to Make Saving Money Fun”
🖨 Print⏱ 4 min readBusiness 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, time savings, easier auditing and on-demand reports. With so many available options, it’s overwhelming to choose the right fit for … Continue reading “How to Choose the Right Accounting Software for your Business”
🖨 Print⏱ 3 min readComprehensive 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 loans and medical debt. The legislation would require lenders to discharge private student loan debt if the borrower dies or becomes permanently disabled. It … Continue reading “Addressing Hate Crimes, Banks Serving the Cannabis Industry and Unilateral Power to Restrict Immigration”
🖨 Print⏱ 3 min readFASTER 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 disorders that could be affected by anaphylaxis, food protein-induced enterocolitis syndrome, and eosinophilic gastrointestinal diseases. It also authorizes … Continue reading “Advancing Healthcare Initiatives, Small Business Funding and Protecting the Elderly from Scams”
🖨 Print⏱ 3 min readThe 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 impact on Americans struggling through the COVID-19 pandemic. There are changes to many aspects of the … Continue reading “Everything There is to Know About the New Child Tax Credit”
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