Blog Archives | Rue & Associates

Blog

16
Oct

The GASB proposes new concepts

GASB presents proposals for improvements to the financial reporting model. The proposals aim to make the model more effective in providing information necessary for decision-making and assessing a government’s accountability. The proposed improvements include: A short-term financial resources measurement focus …

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10
Oct

Three tax breaks that can benefit you in the long run

The tax overhaul that was rushed through Congress and enacted last year gave taxpayers little time to comprehend its changes. According to Mitchell Drossman, national director of wealth planning strategies at U.S. Trust “You have to be careful making permanent …

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08
Oct

Referencing the features of 401(k) plan

Management of fiduciary responsibility is a must for business owners who sponsor plans, including plan management, hiring and monitoring service providers, employee education, participant communication, administrative support, and plan design. It should come as no surprise that of all the …

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02
Oct

Federal Chairman Defends Hike Rise Policy

During the Jackson Hole symposium, Federal Chairman Jerome Powell expressed, “Inflation is near our 2 percent objective, and most people who want a job are finding one.” Powell anticipates stable interest rate increases to continue as the central bank aims …

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06
Aug

How to Boost Next Year’s Tax Refund

Every year there is a debate about which is more beneficial to taxpayers getting a tax refund or ending the year with as small a refund as possible. However, thousands of taxpayers prefer to get a refund and often use …

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30
Jul

How to Prepare to Sell Your Business

Starting a business is just one aspect of your journey in entrepreneurship, as is keeping operations running smoothly. However, depending on the course of business and life, you may decide that it’s time to close or sell your business. Selling …

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30
Jul

Accounting Terminology

One challenge people have when dealing with accountants, particularly for business purposes, is understanding some of the terminology that is being used. We know sometimes it is not comfortable to ask for information for fear of being considered uninformed so, …

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13
Jul

4 Differences Between CPAs and Accountants

Many business owners who consider hiring someone to handle their accounts payable and receivable functions are uncertain about the differences between an accountant and a certified public accountant (CPA). While there are some minor differences, there are four issues which …

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02
Jul

What Does a CPA Do?

Certified Public Accountants (CPAs) are one of the most trusted disciplines of financial professionals in America. According to the National Association of State Boards of Accountancy, there are over 664,000 CPAs licensed to practice in the United States. The licensing requirements …

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19
Jun

9 Signs it’s Time to Find a New Accountant

Many business owners and individuals work with professionals including attorneys, marketing firms and accountants early on and keep them for life. However, sometimes change is necessary to ensure you are getting the best possible advice and service. Here are nine …

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