Beware of Hoaxes: The Federal Reserve and Individual Accounts In the age of digital misinformation, it is crucial to stay vigilant against false claims circulating on the internet. One recent hoax that…
Category: General
Navigating Social Security: A Guide to Avoiding Overpayment
Social Security benefits are a critical source of income for many individuals, providing financial support during retirement, disability, or in the event of a spouse’s death. While these benefits are a lifeline…
Top 10 cyber deals on Amazon
Amazon has announced an extended Cyber Monday deal event, running now through November 27. To help you navigate through the sea of bargains, FNWK has compiled a list of the top ten…
Qualified charitable distributions allow eligible IRA owners up to $100,000 in tax-free gifts to charity
The Internal Revenue Service (IRS) is reminding individual retirement arrangement (IRA) owners age 70½ or over that they can transfer up to $100,000 to charity tax-free each year. These transfers, known as…
New Treasury analysis highlights how policies to address climate change promote economic growth
The U.S. Department of the Treasury published analysis on how the Inflation Reduction Act, Bipartisan Infrastructure Law, and other federal policies to address climate change can promote economic growth. The analysis by…
Potlucks and family gatherings: What to bring and how to transport it safely?
Potlucks and family gatherings are occasions filled with joy, laughter, and of course, delicious food. However, transporting your carefully prepared culinary creations to these events can often be a daunting task. The…
IRS increases 401(k) contribution limit to $23,000 for 2024 and IRAs to $7,000
On November 1, 2023, the Internal Revenue Service announced that the amount individuals can contribute to their 401(k) plans in 2024 has increased to $23,000, up from $22,500 for 2023. The IRS…
Why accountants should understand and utilize ChatGPT
Accountants may find it valuable to understand and utilize ChatGPT, or similar AI-powered language models, to transform their data analysis, reporting, and client interactions. Introduction In the rapidly evolving landscape of accounting…
Unlocking the value of Amazon Prime: A comprehensive guide to its benefits
Amazon has carved out a niche for itself as the undisputed giant. With a vast array of products and services, the company has transformed the way we shop. One of the standout…
New York workers take step toward greater pay equity with Pay Transparency Law
The Law requires employers with four or more employees to include the minimum and maximum annual salary or hourly range for compensation in any job advertisement. This month, New York State’s Pay Transparency…