In addition, one in 10 small businesses went viral on TikTok organically, according to a new survey from Capterra. A new survey from Capterra, an online marketplace for the enterprise software industry, found that 78% of small businesses that run ads on TikTok have already realized… Read More »78% of Small Businesses Say TikTok Ads Have Boosted Profits
(Bloomberg) — Bond-market bulls are getting an early taste of what they expect to be a winning trade of 2023. On Friday, shorter-dated Treasuries led a broad market rally after the jobs report for December showed a slowdown in wage growth and a gauge of… Read More »Bond Rally Gives Early Win to Wall Street’s 2023 Yield-Curve Bet
KEY POINTS Phishing is on the rise, and anyone who uses email, text messaging, and other forms of communication is a potential victim. These attacks, in which a cybercriminal sends a deceptive message that’s designed to fool a user into providing sensitive information such as… Read More »Phishing attacks are increasing and getting more sophisticated. Here’s how to avoid them
KEY POINTS It’s not easy to prioritize financial goals, especially when choosing between two essentials in an unsteady economy: saving for retirement or building your emergency fund. While there are higher 401(k) contribution limits for 2023, you shouldn’t skip rainy day savings to max out your retirement… Read More »How to balance retirement and emergency savings in a shaky economy
(Bloomberg) — There wasn’t much sunshine in the stack of Wall Street forecasts that predicted 2023 would bring a global economic contraction and rough going for risk assets. But as January trading picks up steam, a small cadre of optimists is breaking away from consensus… Read More »Optimism Makes Comeback on Wall Street With Soft Landing Eyed
The 2022 tax year has ended and tax professionals everywhere are encouraging their small business clients to close their books and start thinking about their tax returns. In a perfect world, these clients have worked with their tax and accounting professionals throughout the year to… Read More »3 After-Year-End Tax Strategies For Small Businesses
The IRS divides taxpayers into different examination classes. The IRS sees the typical taxpayer reporting an income of less than $200,000. These taxpayers faced an odds of audit of just 1.9 out of every 1,000 returns filed (0.19%). This group accounts for 80 percent of… Read More »IRS Audits Dropped Slightly in 2022
KEY POINTS Credit card interest rates reached record highs last year and there is still more to come in 2023, according to Greg McBride, chief financial analyst at Bankrate.com. Credit card rates are now more than 19%, on average — an all-time high — after rising at the… Read More »Credit card interest rates are heading to 20% on average — here’s the best way to pay down high-interest debt
Despite return-to-office initiatives and hybrid work models, virtual meetings are still on the rise. Despite some organizations going as far as to tell employees to turn down meetings they find unbeneficial, executives and their employees seem to be in more virtual meetings than ever before. A recent analysis from… Read More »Remote Meetings Up 60% Since 2020: Weekly Stat
The Consolidated Appropriations Act, 2023, P.L. 117-328, enacted on Dec. 29 included (as its Division T) the Secure 2.0 Act, which contains several retirement and tax provisions. The Secure 2.0 provisions mostly focus on expanding coverage, increasing retirement savings, and simplifying and clarifying retirement plan rules,… Read More »Key tax and retirement provisions in the Secure 2.0 Act