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…
Who audits the auditors: Ensuring quality and confidence in the audit process
In the realm of financial accountability and good governance, auditors play a critical role in ensuring that organizations, whether public or private, adhere to the highest standards of transparency and accountability. Audits…
Ensuring large corporations and high-income, high-wealth individual taxpayers pay taxes owed
Today the IRS announced new initiatives to ensure large corporations pay taxes owed. As these initiatives to improve compliance among high-income individuals, complex partnerships and large corporations ramp up, the IRS is…
Exploring the best way to account for cryptoassets: A matter of evolution
The rise of cryptocurrencies has transformed the financial landscape, introducing a myriad of opportunities and challenges. Cryptoassets have moved beyond the realm of a fringe technology and have captured the attention of…
The urgent need for new accounting professionals
In today’s ever-evolving financial landscape, the role of accounting professionals has never been more critical. From individuals managing their personal finances to multinational corporations handling complex international transactions, accountants play a pivotal…
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…