Raising the Debt Ceiling, Protecting Air Travel and Repealing the Iraq AUMF
Author Archives: Service2Client
Raising the Debt Ceiling, Protecting Air Travel and Repealing the Iraq AUMF
Fiscal Responsibility Act of 2023 (HR 3746) – This Act represents a compromise reached by House Republicans and President Biden. Republicans negotiated concessions in exchange for voting to raise the debt ceiling to maintain the solvency of the federal government. … Continue reading
Purchase Acquisition Accounting
Purchase acquisition accounting is the commonly accepted method to document the acquisition of another business on the balance sheet of the acquiring company. The business’ assets that are being acquired are documented on the acquiring firm’s books at fair market … Continue reading
Increased Tax Bills Hitting Private Companies Big and Small
Private companies, both large and small, are feeling the tax pinch due to changes in the law. With rampant inflation, labor shortages, lingering supply chain issues, and increased borrowing costs due to rising interest rates, tax problems are the last … Continue reading
New Personal Finance Provisions in the 2.0 Secure Act
The Continuing Appropriations Act, enacted at the end of 2022, included several provisions that impact retirement plans going forward. Specifically, the legislation enacts SECURE 2.0, an updated version of the Setting Every Community Up for Retirement Enhancement Act of 2019. … Continue reading
What Actions Can Data-Breach Victims Take?
Over the years, millions of individuals have been affected by data breaches, where their sensitive data is accessed by unauthorized cybercriminals or publicly exposed. A data breach can result in huge financial loss if stolen data is used to compromise … Continue reading
How Businesses Can Identify and Increase Efficiency with Managerial Accounting
Managerial accounting is a form of internal reporting that helps business owners and others involved in the organization’s decision-making. It looks at individual processes and products to see how they are functioning via practical data points. This is done in … Continue reading
End of Covid Emergency Declarations Put Work from Home Benefits at Risk
The end of the federal emergency declaration for Covid-19 came on May 11. As a result, there are various public health policy changes. For example, vaccines and treatments will remain available, but at-home tests may no longer be covered by … Continue reading