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/

Listen Now

NEW! File Your 1099s for FREE on IRIS portal

Finally, the IRS is providing a FREE online portal that you can use to file your 1099s with the IRS and your state. The portal is called IRIS (Information Returns Intake System). In this episode, we will discuss everything you need to know about this portal, including features of the site, how to use it,…

Listen Now

Common Forms of Business Debt and Tips To Pay It Back

Many businesses rely on loans and credit to fuel their growth and operations. While debt seems to have a negative connotation, it’s not always a bad thing if you are utilizing it properly and staying on top of it. In this episode, we’ll explore common forms of business debt and discuss effective strategies for paying…

Listen Now

Salary Budgets for 2024 Increase at Historic Rates!

The budgets for employee salary increases have grown by an average of 4.4% in 2023, the highest increase in more than two decades. Tune in to this episode to learn how this increase could impact your business. Links: Watch on YouTube: https://youtu.be/vhGrPv_UEpA US Salary Increase Budgets Survey: https://www.conference-board.org/pdfdownload.cfm?masterProductID=49173

Listen Now

General Ledger and Trial Balance: What’s the Difference?

In this episode, we are discussing the essential elements of the general ledger and the trial balance. From the comprehensive record-keeping in the general ledger to the crucial role of the trial balance in ensuring accuracy and balance in financial statements, we explore how these concepts are pivotal in maintaining financial health for businesses. YouTube:…

Listen Now