Month: December 2019

The Internal Revenue Service issued the 2020 optional standard mileage rates Tuesday that taxpayers and tax professionals can use to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Starting on Jan. 1, 2020, the standard mileage rates for the use of a car (along with vans, pickups or
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Bond prices are sensitive to interest rate changes, and bond duration is a measure of just how sensitive. For instance, in Exhibit 1.1 (shown in my last article), an increase in interest rates for the simple bond from 3 percent to 4 percent caused the bond’s price to fall by 8.1 percent. This bond has
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Priority Software, which makes business management solutions, has entered the cannabis business with Priority Cannabis ERP, a seed-to-sale enterprise resource planning software to manage all aspects of the plant life cycle. “Priority’s go-to-market strategy continues to be to find the right partners from the cannabis and accounting industry,” said Eran Rozenfeld, managing director of Priority
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Everybody seems to be talking about a wealth tax heading into next year’s presidential election. Clients are no different. Should the wealthy be taxed more? “The answer will depend on who’s asked the question,” said Twila Midwood, an Enrolled Agent at Advanced Tax Centre in Rockledge, Florida. “Our wealthy clients are appalled. I’d venture that
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Concern about the $100 billion Mormon horde, the “scandal” I have dubbed EnsignGate seems to still be a thing. I have a little more to share on it, but I would also like to do a bit of review of my Mormon coverage. I have made an attempt to stake a big claim to the
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Did you think the term gig economy was a modern concept? You’d be wrong. Yes, it refers to the growing number of freelancers and contract workers making up the workforce. But its origins stretch back much further. What is the Gig Economy? Spawned by jazz club musicians in the early 1900s, the notion of a
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Companies are using “clawbacks” to recover incentive compensation that was given to executives through erroneous financial reporting while lowering their effective tax rates, but the practice of clawback adoption could be having some negative consequences, according to a new study. The study, which will be appearing in the January issue of The Accounting Review, a
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Getty Social Security is the primary retirement income source for many Americans – for over 60% of them it provides more than half of their retirement income.  Security discussions often focus on retirement security, but a number of related benefits also deserve the spotlight, such as survivor benefits for a surviving spouse.  Survivor benefits play a crucial role in
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Having a great, well-thought-out succession plan for your business shows a lot of care and respect for the people that you love and care about. With a proper agreement, the beneficiaries will be your family, your staff, your clients and every supplier from your landlord to the office supply company that you use. It isn’t
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Logo and mascot ‘Ali cattle’ at the headquarters of Alibaba Group in Hangzhou. Zhang Peng | LightRocket | Getty Images Technology and bank stocks in Asia dominated the top picks for analysts in 2019, as shares in the region made strong gains this year. Mainland Chinese stocks also rallied this year, with the Shanghai composite
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