The Child Tax Credit as we know it originated during the Clinton administration, but the recently enacted American Rescue Plan created a new version. The updated version of this tax credit could have a beneficial impact on Americans struggling through … Continue reading
Blog
How Businesses Can Hedge Against Increasing Inflation
Inflation is on the rise. According to a recent Economic News Release from the U.S. Bureau of Labor Statistics (BLS), the Producer Price Index for final demand grew by 1 percent in March. February saw “final demand prices” grow by … Continue reading
Posted in Blog, General Business News
How Will a Steepening Yield Curve Impact Markets?
Based on data from the Federal Reserve Bank of St. Louis, the spread between the 10-year and two-year constant maturity Treasury rates increased by 66 basis points – from 0.48 percent in July 2020 to 1.14 percent by February 2021. … Continue reading
Posted in Blog, Stock Market News
New Rules and Ways to Use HSAs/FSAs
People who own a high-deductible health insurance plan may have the ability to open a health savings account (HSA). They can contribute pre-tax income to an HSA and invest the money for tax-free growth in a variety of mutual funds, … Continue reading
Posted in Blog, Financial Planning
7 Ways to Save 10K a Year
If you’re scratching your head and wondering if we’ve lost our minds, please keep reading. You can do this. All you need to do is plan your steps – and stick to it. After all, Confucius says, “A journey of … Continue reading
Posted in Blog, Tip of the Month
E-Invoicing Presents Opportunities for Businesses to Save
Invoicing is an important process in any business. Unfortunately, it’s also a laborious process that requires accuracy. With technology advances, businesses have tried to use various means to ease the invoicing process. Some outfits send scanned invoices; others might transfer … Continue reading
Posted in Blog, What's New in Technology
Advancing Healthcare Initiatives, Small Business Funding and Protecting the Elderly from Scams
FASTER Act of 2021 (HR 578) – This bill expands the definition of major food allergens for food-labeling purposes to include sesame. It is designed to protect Americans with food allergies and related disorders that could be affected by anaphylaxis, … Continue reading
Posted in Blog, Congress at Work
Orest P. Baransky CPA PC
