The new standard replaces outdated interim standard, enhances procedures, including strengthening an auditorās approach to identify fraud. The Public Company Accounting Oversight Board (PCAOB) adopted aĀ new standardĀ to strengthen and modernize the requirements…
Have you met EDGAR?
EDGAR stands for Electronic Data Gathering, Analysis, and Retrieval. It is an online database maintained by the U.S. Securities and Exchange Commission (SEC). It is a comprehensive repository that contains a wide…
ABLE accounts: A tax-advantaged way to save for disability-related expenses
The Achieving a Better Life Experience (ABLE) Act of 2014 allows states to create tax-advantaged savings programs for eligible people with disabilities (designated beneficiaries). Funds from these 529A ABLE accounts can help…
Understanding Social Security spouse benefits
When you’re planning for retirement, it is essential to consider how your Social Security benefits will impact your spouse. Here’s a simplified breakdown: Spousal Benefit Basics: You can find out more by…
Recovering from a natural disaster: How to access government assistance for individuals and families
Find government disaster assistance. Reconnect with loved ones and help survivors. Ad: Shop emergency preparedness supplies, including go-bags.
Ten questions to consider before opening a 529 account
The SECās Office of Investor Education and Advocacy issued the following guidance to answer questions that may arise when investing in a 529 plan account. 1. Who can use a 529 plan…
IRS provides tax relief for individuals and businesses affected by Hurricane Idalia
The Internal Revenue Service (IRS) is providing tax relief for individuals and businesses affected by Idalia in parts of Florida. These taxpayers now have until Feb. 15, 2024, to file various federal…
Businesses must electronically file Form 8300, beginning January 1, 2024
The Internal Revenue Service (IRS) announced that, starting Jan. 1, 2024, businesses are required to electronically file (e-file)Ā Form 8300, Report of Cash Payments Over $10,000, instead of filing a paper return. This…
Treasury Department releases report on the benefits of Unions to the U.S. economy
The Treasury Department has released a new report by the Departmentās Office of Economic Policy that contains a comprehensive review of the role that labor unions play in the American economy. The report represents…
Creating passive income through the Amazon Associates Program: A strategic approach
Lifeās unexpected expenses can be daunting. However, the digital age offers innovative solutions to tackle such financial challenges. Recently, I was blindsided by unexpected dental work costing up to $12K. Unexpected medical expenses…