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Articles for December, 2023
Tax and Financial News
The 2023 Tax Planning Guide
December, 2023
>It's that time of year again: time for year-end tax planning. With the end of 2023 coming fast, the time to act is now. In this article, we'll look at the moves you can make to optimize your tax situation in 2023 as an individual taxpayer...
General Business News
Wage Garnishment Considerations for Business Owners
December, 2023
According to the United States Department of Labor's Consumer Credit Protection Act (CCPA), wage garnishments are a complex legal process for employers to account for when it comes to employment matters. This article...
Accounting News
How the 2022 Consolidated Appropriations Act Impacted Accounting in 2023
December, 2023
According to the Centers for Medicare & Medicaid Services’ report “Advancing Rural Health Equity,” the 2022 Consolidated Appropriations Act (CAA) maintained telehealth options...
Financial Planning
How to Manage Taxes in Retirement
December, 2023
The biggest difference between managing taxes throughout your career versus during retirement is that when you are retired, you are responsible for calculating how much you owe and paying it on a timely basis. Retirees...
What's New in Technology
Impact of Digital Currency on Businesses' Accounting
December, 2023
The emergence of digital currency is reshaping how businesses operate and account for financial transactions. As accounting professionals navigate this transformative wave, understanding the profound impact...
Tip of the Month
4 Smart Ways to Maximize Your IRA Contributions
December, 2023
Unless you’re near retirement, chances are you’re depositing a certain amount of cash each year in your IRA at tax time, then kind of forgetting about it, not thinking much about it until the next year. This dynamic can cost you a lot of...
Guest Article of the Month
Updated IRS 2024 Penalties for Late Filing and Missed Tax Forms
December, 2023
Every year, the IRS announces annual inflation adjustments related to tax rate schedules, deductions, cost-of-living adjustments, etc. What many taxpayers do not realize is that they also adjust the cost of fines and penalties as well. This means...
Congress at Work
Expanding Benefits for Veterans and Extending Government Funding Until Jan. 19, 2024
December, 2023
A bill to amend Title 38, United States Code, to extend and modify certain authorities and requirements relating to the Department of Veterans Affairs, and for other purposes. (S 2795) – This bill...