Posts by Amanda Hendren
Here’s Why No One Wants an Accounting Degree
The decline in enrollment for undergraduate accounting programs in the U.S. has been a cause for concern, with a recent AICPA survey revealing an 18.3% drop in new graduates with accounting degrees from 2016 to 2022. Listen now to learn why this is happening, and how we can fix it! Watch on YouTube: https://youtu.be/E_4YoQYqSf8 Link…
Listen NowDecision-makers Hesitate to Hire Amid Economic Concerns
In today’s episode, we’ll be diving into the recent economic outlook for the United States, as revealed by the latest quarterly survey by the Association of International Certified Professional Accountants (AICPA). According to the Business and Industry Economic Outlook Survey, respondents are now pessimistic about the U.S. economy. The current economic climate, as indicated by…
Listen NowA Guide to Internal Controls
In this episode, we’ll explore why internal controls are essential, the potential risks of neglecting them, and most importantly, practical tips and advice on implementing effective internal controls in your business. Links: YouTube: https://youtu.be/qK4eUzQ2Z8k
Listen NowA Guide to Internal Controls
The Foundation of Internal Controls Internal controls are processes, policies, and practices that ensure reliable financial reporting, operational efficiency, and regulatory compliance within organizations. They serve as checks and balances, guarding against fraud, errors, and operational disruptions. Without these safeguards, businesses face risks like financial mismanagement, asset loss, and harm to their reputation. Internal controls…
Read Full PostAnnual Inflation Adjustments for 2024
The IRS announced annual inflation adjustments for over 60 tax provisions for the tax year 2024, as well as inflation adjustments to contribution limits to certain retirement accounts and savings plans. Here are some key highlights: NOTE: These adjustments apply to tax returns filed in 2025, not the upcoming tax season. Standard Deduction Adjustments:…
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