Decision-makers Hesitate to Hire Amid Economic Concerns

In today’s episode, we’ll be diving into the recent economic outlook for the United States, as revealed by the latest quarterly survey by the Association of International Certified Professional Accountants (AICPA). According to the Business and Industry Economic Outlook Survey, respondents are now pessimistic about the U.S. economy. The current economic climate, as indicated by…

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A Guide to Internal Controls

In this episode, we’ll explore why internal controls are essential, the potential risks of neglecting them, and most importantly, practical tips and advice on implementing effective internal controls in your business. Links: YouTube: https://youtu.be/qK4eUzQ2Z8k

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A Guide to Internal Controls

The Foundation of Internal Controls Internal controls are processes, policies, and practices that ensure reliable financial reporting, operational efficiency, and regulatory compliance within organizations. They serve as checks and balances, guarding against fraud, errors, and operational disruptions. Without these safeguards, businesses face risks like financial mismanagement, asset loss, and harm to their reputation.  Internal controls…

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Annual Inflation Adjustments for 2024

The IRS announced annual inflation adjustments for over 60 tax provisions for the tax year 2024, as well as inflation adjustments to contribution limits to certain retirement accounts and savings plans. Here are some key highlights: NOTE: These adjustments apply to tax returns filed in 2025, not the upcoming tax season.   Standard Deduction Adjustments:…

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Annual Inflation Adjustments for 2024

In this episode, we are going to discuss annual inflation adjustments for tax year 2024. We will cover changes to standard deduction amounts, income tax brackets, tax breaks, and inflation adjustments for retirement accounts, health savings accounts, and flexible spending accounts. Links: YouTube: https://youtu.be/D5YIfPQKxi4 Blog Post: https://www.accountablenumbers.com/annual-inflation-adjustments-for-2024/

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