If your small business is covered under the Affordable Care Act, then saddle up as you will need to prepare for an increase in health care costs. Small businesses with fifty or fewer employees and are part of the Small Business Health Options Program may be disadvantaged by the increased prices as
Why Business Owners Need To Cleanup Their Books
You know the importance of good accounting if you own your own business. From keeping track of expenses to monitoring income, it is imperative for businesses to account for their financial transactions. Accurate bookkeeping enables businesses to make important decisions in a timely manner and make
Accounting for Churches and Nonprofits
Accounting for churches and nonprofits is a whole different ballgame than commercial accounting. The accounting profession is a product of the business world, and businesses are in it to make money. On the other hand, nonprofits and churches exist to serve individuals and society.Nonprofit
What Physicians Need to Know About the inflation Tax Act of 2022
First and foremost, the Inflation Tax Act is unlikely to negatively impact private practices. However, there is a high probability it will impact doctors working in hospitals. The reason for this is due to the corporate minimum tax in the new bill. Previously, corporate giants (like Amazon) did not
How Walmart Serves as a Barometer for the US Economy
There is no denying that Walmart is a juggernaut. It's the largest corporation in the world and employs 1.5 million Americans, making it a top employer in the country.While it's been celebrated and criticized, the giant retailer is a barometer for how the US economy is doing. Far from perfect,
What Rising Interest Rates Means For Homebuyers And Sellers
Interest rates have been on the rise lately, and many are left wondering what it means for them. For homebuyers, it could mean that mortgages are more expensive. For sellers, it could mean that they get less for their homes. Here's a look at how interest rates are affecting the housing market.1.
What is the Inflation Reduction Act and How Will it Impact You
The inflation reduction act is a set of laws designed to help reduce the amount of money needed to be printed. This will help stabilize prices and reduce the amount of inflation currently seen in the economy. Economically, this is a beneficial thing, but there are arguments that this could have
Creating A Retirement Plan When You’re Self-Employed
When you are self-employed, retirement planning can feel like an afterthought. It's easy to feel like there aren't enough hours in the day to tackle everything you need to do as an independent business owner. Even so, creating a solid retirement plan is essential. A strong retirement plan can help