TheStreet’s Robert Powell caught up with Jeffrey Levine, CPA, and nationally recognized thought-leader within the financial planning community. He explains the difference between accrual basis and cash basis accounting, and what’s best for small businesses. Our TurboTax Live experts look out for you. Expert help your way: get help as you go, or hand your taxes off. You… Continue reading Is Cash or Accrual Accounting Better for Small Businesses? CPA Answers
Cash Vs. Accrual Accounting Explained With Examples
If you are an entrepreneur or small business owner, it is a good idea to familiarize yourself with both the cash and accrual accounting methods. Recommended: Is Cash or Accrual Accounting Better for Small Businesses? CPA Answers What is Cash Accounting Method?So, what’s the difference between cash and accrual accounting methods? Cash and accrual accounting methods… Continue reading Cash Vs. Accrual Accounting Explained With Examples
Employee Stock Purchase Plans and Your Taxes
Buying company stock at a discountMany large companies offer Employee Stock Purchase Plans (ESPP) that let you buy your employer’s stock at a discount. These plans are offered as an employment incentive, giving you an opportunity to share in the growth potential of your company’s stock (and by implication, work hard to keep the stock… Continue reading Employee Stock Purchase Plans and Your Taxes
Stock Market Today: Stocks Earn a Decent End to a Dreadful Week | Kiplinger
A Friday rally still left the major indexes significantly lower over the past five days of trading. There wasn’t much good news to which to credit Friday’s move. U.S. industrial production improved less than expected in May, up 0.2% versus estimates for 0.4%; manufacturing actually declined by 0.1%. Wells Fargo economists Tim Quinlan and Shannon… Continue reading Stock Market Today: Stocks Earn a Decent End to a Dreadful Week | Kiplinger
Mike Novogratz pounded the recession alarm, warned stocks would plunge further, and predicted some benefits from the crypto crash this week. Here are the 12 best quotes.
Mike Novogratz predicted the US economy would rapidly slump into a deep recession. Tha Galaxy Digital CEO warned asset prices might not recover until the Fed reins in inflation. Novogratz suggested the crypto crash could wash out some of the industry’s excesses. Loading Something is loading. Mike Novogratz predicted the US economy would quickly fall… Continue reading Mike Novogratz pounded the recession alarm, warned stocks would plunge further, and predicted some benefits from the crypto crash this week. Here are the 12 best quotes.
The Fed is now following its 1994 playbook — when aggressive rate hikes led to a ‘bond market massacre’
The Federal Reserve raised interest rates by 75 basis points Wednesday — its largest hike since 1994. Jerome Powell looks increasingly likely to copy Alan Greenspan’s 1990s playbook, analysts said. Greenspan’s Fed hiked interest rates seven times in 13 months, driving a massive bond sell-off. Loading Something is loading. The Federal Reserve implemented its largest… Continue reading The Fed is now following its 1994 playbook — when aggressive rate hikes led to a ‘bond market massacre’
Oil markets are heading for an insanely difficult summer, with Russian production plunging under EU pressure
Despite tough economic sanctions, Russia’s oil exports have risen this year as India has snapped up its crude. Yet analysts say Russian output is about to tumble as the EU moves to ban roughly 90% of imports by the end of the year. The impending drop is setting oil markets up for an “insanely difficult”… Continue reading Oil markets are heading for an insanely difficult summer, with Russian production plunging under EU pressure
Tech stocks rebound but US indexes end mixed to cap a week marred by rate-hike jitters
US stocks closed mixed Friday after a volatile, up-and-down trading session. Top indexes finished the week with steep losses as recession fears gripped investors. A new survey found that nearly two-thirds of CEOs expect a recession by the end of 2023. Loading Something is loading. US stocks closed mixed Friday to finish a volatile session… Continue reading Tech stocks rebound but US indexes end mixed to cap a week marred by rate-hike jitters
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