Becoming an accountant can be a challenging but rewarding journey. It requires a combination of education, technical skills, attention to detail, and in many cases, certification. The difficulty of the process depends on individual circumstances, such as your aptitude...
Month: August 2024
Is Doing Your Own Accounting Risky?
Doing your own accounting can be tempting, especially for small business owners or individuals looking to save money. With numerous accounting software solutions available, it seems easy to manage finances without hiring a professional. However, while it may seem...
IRS Releases Final Regulations on RMDs and the 10-Year Rule
The IRS released final regulations on required minimum distributions and the ten-year rule. This video provides an overview of the new regulations and how they may impact you or your heirs.
ERC Claims Under Scrutiny: Red Flags And Preparation
The IRS has resumed processing claims for the employee retention credit but with increased scrutiny. This video provides an overview of common red flags, such as overclaiming and incorrect reporting of wages, that are resulting in greater scrutiny. Learn about the red flags and what to do if your ERC claim may be erroneous.