The United States is currently grappling with what many experts consider a housing crisis, as millions of Americans face challenges related to affordability and availability. The issue affects a lot of people, from low-income households struggling to secure affordable rentals to middle-income families being priced out of the homeownership market.  While the severity and specifics…

It seems like lately, the rising cost of goods and services has re-emerged as a growing concern among US economists. As inflation rates steadily climb, businesses must re-evaluate their business strategies and navigate the challenges of rising costs while maintaining profitability.  Understanding how inflation impacts businesses and implementing strategies to address it is crucial for…

Then President-elect Donald Trump on November 25, 2024 announced on his social media account his intention to impose  25% tariffs on materials coming from China and Mexico. This is not out of the ordinary, as President Donald Trump’s trade policies have long emphasized protecting American industries through tariffs. As new tariffs are proposed, targeting steel,…

Don’t you hate it when you receive negative feedback? It ruins your day, making you wonder what those ingrates might be up to at the moment! Yes, we have all had our share of feedback-from our parents, school teachers, colleagues, and bosses. More importantly, we also receive feedback from clients. Client feedback is a cornerstone…

Diversity, Equity, and Inclusion (DEI) initiatives have gained significant momentum across corporate America in recent years. These programs aim to create more diverse workplaces, ensure equitable opportunities, and foster inclusive environments.  While many companies have embraced DEI as a pathway to innovation, employee satisfaction, and social responsibility, some critics argue that these initiatives may inadvertently…

With technology advancing at lightning speed, it comes as no surprise that people are wondering if certain jobs might disappear, and accounting is often part of that conversation.  Automation, artificial intelligence (AI), and cutting-edge accounting software have completely changed how businesses handle their finances.  But does this mean accountants will be out of a job…

A Single Member Limited Liability Company (Single Member LLC or SMLLC) is a business structure that combines the simplicity of a sole proprietorship with the liability protection of a corporation.  As the name implies, a Single Member LLC is owned by one individual or entity, making it a popular choice for entrepreneurs, freelancers, and small…

It’s here! 2025, and while we are all looking forward to having a great year, it is always nice to look back on the year that was. The accounting world in 2024 has been marked by important changes, groundbreaking technologies, and compelling narratives that shaped the industry. From regulatory overhauls to innovations driving efficiency, these…

Artificial Intelligence (AI) has become an integral part of modern business operations, transforming industries and redefining how companies approach efficiency, innovation, and decision-making. These days, companies feel that if you are not using AI, then you will be left behind. AI has proven itself to be a cornerstone of digital transformation. But as AI technologies…

What Is The Future Of Remote And Hybrid Work In Accounting? The accounting profession has seen a dramatic shift in recent years, with remote and hybrid work becoming the new norm. Accelerated by the COVID-19 pandemic and powered by advancing technology, these work models have evolved from temporary fixes to permanent changes. So, what does…