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Ten questions to consider before opening a 529 account
The SEC’s 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) 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 Department’s 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
Life’s 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…
Narrow Focus on Financial Reporting Risks: Concerns and Impact on Investors
Management’s and auditors’ risk assessment processes play a crucial role in financial reporting decisions and the effectiveness of internal controls over financial reporting (ICFR). In a Statement released by SEC Chief Accountant…
The evolution of internal auditing: Exploring the role of AI in automation and enhancement
In an era defined by technological innovation, artificial intelligence (AI) has emerged as a disruptive force across industries, challenging traditional practices and reshaping business processes. One area that has caught the attention…
Revolutionizing the skies: The promise of sustainable aviation fuel
The aviation industry has long been a symbol of human progress, connecting people and cultures across the globe. However, this progress has come at a significant environmental cost, as traditional jet fuels…
Should businesses advertise on TikTok?
In 2022, TikTok’s annual revenue from ads registered at $9.9 billion – a whopping 155% yearly increase. Deciding whether to advertise on TikTok depends on various factors, including your target audience, marketing goals,…