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Starting a new business is an exhilarating journey, marked by the promise of innovation, growth, and success. However, the path to achieving these goals is often fraught with challenges and uncertainties. That’s where professional advisory services come into play. In the competitive landscape of the United States, seeking guidance from seasoned experts can be the difference between a thriving business and one that struggles to stay afloat. In this blog,…  Read more

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Why the Federal Reserve has made everything more expensive to make things less expensive A little bit of science and a little bit of art go into slowing down the behemoth that is the U.S. economy. It seems like a contradiction: How would increasing the cost of monthly credit…  Read more

It’s hard to go a day without reading something in the news about the state of the economy. Whether it’s interest rates rising or the cost of living, there’s no getting around the fact that in 2023 there are many doing it tougher than a few years ago. But while there are some economic challenges for individuals and businesses, it’s important to not go too far down the rabbit hole.…  Read more

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. UPS workers poised for biggest strike in 60 years Thousands of part-time employees at UPS are pushing for higher pay as the Teamsters union, which represents 340,000 UPS workers, and the delivery giant resume contract negotiations next week. If no deal is reached by July 31, the union has…  Read more

Understanding the intricacies of the United States taxation system is essential for individuals, businesses, and even non-residents with financial interests in the country. With its complex rules, regulations, and annual changes, navigating the US tax landscape can be challenging. In this blog, we will provide a comprehensive overview of what you need to know about US taxation, covering key concepts, filing requirements, deductions, and recent updates. Tax Residency: Determining your…  Read more

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Senate to hold classified briefing on Artificial Intelligence and National Security Senate Majority Leader Chuck Schumer has invited all 100 senators to a classified briefing on artificial intelligence (AI) and its impact on global and national security Firefighters are leaving the U.S. Forest Service for better pay and benefits…  Read more

Income taxes are a significant part of our financial lives, and finding ways to legally minimize the amount we owe can have a substantial impact on our overall financial well-being. While tax laws can be complex, understanding and implementing various strategies can help you optimize your tax situation. In this blog post, we’ll explore some smart strategies to reduce income taxes in the United States. Take Advantage of Tax-Advantaged Retirement…  Read more

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. IRS warns of new scam involving unclaimed refunds The Internal Revenue Service and its Security Summit partners are cautioning taxpayers and tax professionals to beware of a new scam in which fraudsters are sending out cardboard envelopes from a delivery service asking people to send photos and bank account…  Read more

As an American taxpayer, you work hard to earn your money, and you want to keep as much of it as possible. However, navigating the complex world of income tax can be overwhelming, and it’s easy to miss out on deductions and credits that could reduce your tax liability. In this guide, we’ll explore the basics of income tax in the US, as well as strategies for maximizing deductions and…  Read more

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Federal Reserve Board releases results of annual bank stress test The Federal Reserve Board on Wednesday released the results of its annual bank stress test, which demonstrates that large banks are well positioned to weather a severe recession and continue to lend to households and businesses even during a…  Read more

In today’s rapidly evolving business landscape, setting clear financial goals is essential for the success and growth of any organization. By establishing well-defined objectives and targets, businesses can effectively manage their resources, monitor progress, and make informed decisions to drive financial performance. Whether you’re a small startup or a well-established corporation, outlining concrete financial goals for the year ahead provides a roadmap to achieve sustainable profitability and stay ahead of…  Read more

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Stocks fall as Fed’s Powell confirms more rate hikes this year U.S. stocks fell across the board on Wednesday after Federal Reserve Chair Jerome Powell reiterated more rate hikes are on the way during congressional testimony. Powell, Semiannual Monetary Policy Report to the Congress Federal Reserve Chairman Jerome Powell testified before…  Read more

While it may seem like your working years last forever, retirement still has a way of sneaking up on you. As the years go by, what once seemed like a far off dream can suddenly feel incredibly close. Planning for your retirement might seem like something you can put off until tomorrow–or next year–but the earlier you do it the more time you’ll have to make sure your finances are…  Read more

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Biden gambles that delaying sanctions and playing down espionage will improve China relations The Biden administration has delayed punitive economic measures against China and played down Beijing’s intensifying intelligence-gathering to avoid jeopardizing its efforts to revive diplomatic talks between the two governments, according to former U.S. officials, congressional aides,…  Read more

Debt can be a significant burden on one’s financial life. It can cause stress, anxiety, and make it difficult to achieve financial goals. However, with a little planning and dedication, anyone can create a debt repayment system and get on the path to financial freedom. Here are some tips for managing debt and creating a debt repayment system: Take Stock of Your Debt The first step in managing debt is…  Read more

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Barclays CEO in bid to stem US talent flight Barclays Chief Executive C.S. Venkatakrishnan held a virtual town hall to address management changes leading to bankers leaving for rival firms. Roughly two dozen U.S. investment bankers have left Barclays for firms like Citigroup, UBS, and Jefferies Financial Group. Amazon’s…  Read more

A fractional CFO, or Chief Financial Officer, is a finance professional who works on a part-time, retainer, or contract basis. They bring the experience and expertise of a high-level CFO to your business – without the cost of hiring a full-time, in-house employee. Fractional CFOs service several clients at once typically on a part-time, retainer, or contract basis. Their specialty is providing outsourced CFO services to small and medium businesses.…  Read more

Tax deductions help offset travel expenses for business travellers. Learn about some key deductions for business trips before you hit the road. What to know about tax deductions for business travel If you are traveling for business purposes away from your main workplace or home, you may be eligible for business travel deductions. However, your travel expenses must be reasonable and essential for business purposes, and not extravagant, or for…  Read more

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Biden-McCarthy debt ceiling deal approved by key committee ahead of House vote Congress is facing a major test as the House Rules Committee is set to consider a bipartisan debt ceiling deal. The deal would suspend the debt limit until July 2021 and increase spending by $320 billion over…  Read more

Small business owners know how important it is to save money. They know that one day that dollar could come in handy, especially during slower times. Saving money is definitely important, but there are also things small business owners can – and should – spend their money on today. It might seem counterproductive to spend money when you want to put it in the bank – and make no mistake,…  Read more