Impact of Digital Currency on Businesses’ Accounting
Author Archives: Service2Client
Impact of Digital Currency on Businesses’ Accounting
🖨 Print⏱ 4 min readShare by The emergence of digital currency is reshaping how businesses operate and account for financial transactions. As accounting professionals navigate this transformative wave, understanding the profound impact of digital currency on business accounting becomes not … Continue reading
Updated IRS 2024 Penalties for Late Filing and Missed Tax Forms
🖨 Print⏱ 3 min readShare by Every year, the IRS announces annual inflation adjustments related to tax rate schedules, deductions, cost-of-living adjustments, etc. What many taxpayers do not realize is that they also adjust the cost of fines and penalties … Continue reading
Expanding Benefits for Veterans and Extending Government Funding Until Jan. 19, 2024
🖨 Print⏱ 3 min readShare by A bill to amend Title 38, United States Code, to extend and modify certain authorities and requirements relating to the Department of Veterans Affairs, and for other purposes. (S 2795) – This bill was … Continue reading
How the 2022 Consolidated Appropriations Act Impacted Accounting in 2023
🖨 Print⏱ 3 min readShare by According to the Centers for Medicare & Medicaid Services’ report “Advancing Rural Health Equity,” the 2022 Consolidated Appropriations Act (CAA) maintained telehealth options due to the COVID-19 Public Health Emergency (PHE) order for 151 … Continue reading
Banning Weapons Training in Public Schools, Funding Assistance for Ukraine, and Various Appropriations Bills for Fiscal Year 2024
🖨 Print⏱ 3 min readShare by Protecting Hunting Heritage and Education Act (HR 5110) – This bill was introduced in the House on Aug. 1 by Rep. Mark E. Green (R-TN). The purpose of this bill is to ban federal … Continue reading
New Business Travel Per Diem Rates Announced for 2023-2024
🖨 Print⏱ 3 min readShare by New per diem rates were recently announced by the IRS and are effective for per diem allowances on or after Oct. 1, 2023. These updated rates include changes for the transportation industry, incidental expenses … Continue reading
