CPA Troy, MI
🖨 Print⏱ 3 min readAs the name implies, First-In, First-Out (FIFO) is a way for companies to value their inventory. The first items put into inventory or produced by the company are accordingly the first taken out of inventory or transferred to customers and therefore expensed. When it comes to […]
🖨 Print⏱ 4 min readWith the start of the fourth quarter of 2019 underway, it’s time to see what the Internal Revenue Service (IRS) will expect of filers for their 2019 taxes. The following are a list of major changes that filers need to be aware of: 1. Removal of […]
HAVEN Act (HR 2938), HR 3304, HR 2366, HR 1079, HR 776
What is VPN and Why Do You Need It?
How to Inflation-Proof a Retirement Portfolio
🖨 Print⏱ 4 min readNo matter how old your children are, it’s always a good idea to start saving for college as soon as possible. (Yes, even when they’re still in diapers.) This might sound overwhelming, especially if you haven’t started, but take heart, it’s never too late. Here are […]
🖨 Print⏱ 3 min readWith more than 1.4 million accounting jobs in 2018, according to the Bureau of Labor Statistics, there are many different uses for accountants and their skills. With the need for accuracy and transparency in private and public accounting, one important concept to explore is absorption, or […]
🖨 Print⏱ 4 min readIt might seem odd, but it is possible to get the IRS to give you a straight-forward and binding answer to ambiguous tax positions in advance. How does this happen, you ask? The answer is through an IRS private letter ruling. IRS private letter rulings provide […]
Extending Medicaid Funding, the Debt Limit, Membership into the American Legion, and Support For 9-11 Victims, Law Enforcement Officers, and Breastfeeding Moms
The Rise of Biometrics Security and Why You Should Take Precaution