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…

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

In this episode, we are going to discuss annual inflation adjustments for tax year 2024. We will cover changes to standard deduction amounts, income tax brackets, tax breaks, and inflation adjustments for retirement accounts, health savings accounts, and flexible spending accounts. Links: YouTube: https://youtu.be/D5YIfPQKxi4 Blog Post: https://www.accountablenumbers.com/annual-inflation-adjustments-for-2024/

Finally, the IRS is providing a FREE online portal that you can use to file your 1099s with the IRS and your state. The portal is called IRIS (Information Returns Intake System). In this episode, we will discuss everything you need to know about this portal, including features of the site, how to use it,…

Many businesses rely on loans and credit to fuel their growth and operations. While debt seems to have a negative connotation, it’s not always a bad thing if you are utilizing it properly and staying on top of it. In this episode, we’ll explore common forms of business debt and discuss effective strategies for paying…