Inflation is the increase in prices in an economy. In other words, it is a loss of purchasing power for money. It means that people need more money to buy the same things they were able to buy without issue previously. It is one of the reasons why people are not hopeful about the economy right now.
The IRS Is Finally Clearing The Backlog Of Tax Returns
2020 and 2021 were some of the most challenging years for the Internal Revenue Services (IRS). The pandemic caused many delays and resulted in a backlog of tax returns. Millions of taxpayers experienced a plethora of uncertainties, especially those who were getting refunds.During the first
Lockstep Launching A Smart Inbox for Accounting Teams
Lockstep is a startup company that's created a new product to connect accounting teams globally. The company (based in Seattle) has applications that automate accounts receivable and accounts payable workflows. The company improves cash flow and effectiveness to enable them to work better together.
Elon Musk Getting Cold Feet in Twitter Deal
After announcing plans to purchase Twitter, things may not be going as planned for the famous cryptocurrency master, Elon Musk. Elon Musk announced a 9.2% stake in the Twitter company on March 14. On April 5, the CEO of Twitter, Parag Agrawal, announced that Musk would join the company's
Still A Seller’s Market, Seattle Realty Rising
The housing market in Seattle continues to grow with demand for apartments and homes increasing despite inflation and rising house prices. Prices have jumped nearly 20% since last year with some homes staying in the market for only six days. Record-breaking sales for last year were experienced in
Rapid Inflation In The United States Due To A Poor Economy
Rapid inflation is a persistent and worrying trend in many countries. In the States, however, it is an altogether different ball game. Here, the economic stagnation of the past five years has led to the country’s lowest growth rate in decades and a massive drop in purchasing power. This has led to a
Obtaining a Business License in Kirkland
Before you leap into your first day of business in Kirkland, ensure that you have the right legal permissions. Without the proper license, you may build up penalties that limit -- or at least put a huge dent in -- your company's profitability. While it's not an easy process (it never is), ultimately
What is Considered a Healthy EBITDA?
EBITDA (or earnings before interest, taxes, depreciation, and amortization) is a financial metric that shows the profit left after all the company’s operational and financial costs have been subtracted. It is the measure of a company’s ability to generate cash from its operations without borrowing