According to the Federal Reserve Bank of St. Louis, collection agencies saw $16.28 billion in revenue in 2019. While revenues have declined somewhat in recent years, unpaid invoices are still...
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The latest industry news, calculators, tax refund links, tax filing dates, life events articles, and a cartoon of the month. (Dynamic Post Sample)
How to Reduce the Burden of IRA Required Minimum Distributions
Required minimum distributions (RMDs) from traditional IRAs and 401(k)s often become a significant tax burden during retirement. As the percentage of your IRA that must be distributed increases each year,...
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Cashless Charitable Contributions
Not everyone can make large charitable contributions. But there are ways to be charitable without spending your discretionary income while at the same time lowering your tax bill. Even those...
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How to Account for Debit Notes
With the global digital payments market expected to see north of $20 trillion in transaction value in 2025, according to Statista, business-to-business transactions are undoubtedly going to see some action....
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The Big Beautiful Bill, Rolling Back Public Television and Radio, and Regulating the Cryptocurrency Industry
One Big Beautiful Bill Act (HR 1) – Introduced by Rep. Jody Arrington (R-TX) on May 20, this bill passed in the House on May 22, the Senate with changes...
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How Businesses Can Build Disinformation Resilience
The digital landscape has rapidly advanced, fueled by generative AI and other transformative technologies. Although this has come with great opportunities, it has also introduced new strategic threats. Among these...
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7 Remote Jobs That Provide Training
If you’ve ever longed for a remote job but weren’t sure how to make it happen, then take note. Not only are all these jobs work from home (WFH), but...
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Young Adults: Why Buy Life Insurance?
Young adults may not see much reason to purchase life insurance, especially if they have no dependents and/or a partner who makes plenty of money. However, there are several reasons...
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Understanding Depreciation Recapture
When it comes to businesses and asset depreciation, there are many types available, such as straight-line, units of production, double declining balance, and sum of years digits. While these aren't...
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Restricted Stock Units: 5 Essential Tax and Financial Planning Strategies
Receiving restricted stock units (RSUs) may seem straightforward, but the tax and financial planning complexities can catch many employees off guard. Understanding these key strategies might help you avoid costly...
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Dissecting Working Capital
Working capital is the difference between a business' current assets and liabilities. Negative working capital can happen when a business' current assets are below its current liabilities. Therefore, working Capital...
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One Big Beautiful Bill Act: Part 2 – What the New Tax Law Means for Your Business
Part 2In this second part of our two-part series on the One Big Beautiful Bill Act (OBBBA), we examine the legislation's impact on businesses, trusts, and estates. In addition, we...
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Preventing AI Deepfakes, Deterring Fentanyl and Foreign Aggression, and Strengthening Small Businesses
HALT Fentanyl Act (S 331) – On Jan. 30, Sen. Bill Cassidy (R-LA) introduced this bipartisan act in order to close a loophole that allowed clandestine drug manufacturers to evade...
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One Big Beautiful Bill Act: Part 1 – What the New Tax Law Means for You
Part 1The One Big Beautiful Bill Act (OBBBA) passed the House on July 3 and was signed into law by President Trump. This comprehensive legislation makes several expiring tax cuts...
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