Couples who are splitting up but not yet divorced before the end of the year have the option of filing a joint return. The alternative is to file as marri...

Accountants became more knowledgeable about which financial systems worked best. Accountants were becoming the IT staff and trusted advisors. An accountan...

As noted in the intro, GE pulled both of these levers by freezing their pension (effective January 2021) and offering lump sum buyout offers to former emp...

Sale proceeds will result in capital gain (or loss), while royalty payments are reported as ordinary income. Is rental income considered royalties? The am...

Although not paying these loans may not result in immediate forfeiture of collateral, as it would with a secured arrangement, leaving an unsecured debt un...

BlackRock acquires Merrill Lynch Investment Management, expanding its retail and international presence. Does Merrill own BlackRock? Merrill Lynch has agr...

An installment debt is a type of loan repaid by the borrower in regular, often monthly payments that include the interest owed plus a portion of the princ...

around 0.50% Account management fee Fees around 0.50% are reasonable for a 401(k). Anything over 1% is getting into a territory that’s more beneficial to ...

The Excel test evaluates a candidate’s ability to work with spreadsheets, including the knowledge of how to organize, calculate, analyze, and visualize da...

A summons or notice of petition is a legal document that provides notice to someone that a court action is pending and tells him or her when and where the...