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5 Ways to Save on Holiday Gifting

Believe it or not, the holidays are right around the corner. And try as you might, overspending is real – whether you plan ahead or wait until the last minute. With this in mind, here are a few ways to get a handle on spending and save money on gifting.Set Limits. Decide how much you’re [...]

By |2019-11-01T12:00:05-06:00November 1st, 2019|

What to Expect and How to Prepare for a Recession

Economists generally determine that the country has fallen into a recession after two consecutive quarters of negative gross domestic product (GDP) growth. Since 1967, the United States has experienced seven recessions.The thing is, predicting a recession is a little like predicting a tornado. Experts are never exactly sure if or when one will occur, but [...]

By |2019-11-01T12:00:04-06:00November 1st, 2019|

LIFO Versus FIFO and How Each Method Values Inventory

As the name implies, First-In, First-Out (FIFO) is a way for companies to value their inventory. The first items put into inventory or produced by the company are accordingly the first taken out of inventory or transferred to customers and therefore expensed. When it comes to accounting for acquisition and/or production costs, initial and earlier [...]

By |2019-11-01T12:00:02-06:00November 1st, 2019|

Tax Changes 2019

With the start of the fourth quarter of 2019 underway, it's time to see what the Internal Revenue Service (IRS) will expect of filers for their 2019 taxes. The following are a list of major changes that filers need to be aware of:1. Removal of the Affordable Care Act's (ACA) Individual Mandate PenaltyWith the passage [...]

By |2019-11-01T12:00:01-06:00November 1st, 2019|
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