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In 2010, the Dodd-Frank Wall Street Reform and Consumer Protection Act was signed into law, which brought about significant changes to the American financial regulatory environment. Dodd-Frank established the Consumer Financial Protection Bureau (CFPB) and provided authority to supervise certain types of financial institutions for compliance with federal consumer financial... Read More →

1. Strategically Manage Farm Income Limit your tax burden by stabilizing farm income. Because of the progressiveness of our tax rate structure (higher tax rates for higher incomes), a farm with fluctuating income from year to year pays a higher total tax than a farm with stable income. There are... Read More →

What type of online business model do you have? In order to properly manage your online business, you first have to understand which type of online business model you have. The most popular online business models are blogs, niche sites, and e-commerce sites. If you are selling specific products and... Read More →

Hiring practices in the United States are of growing importance as regulations grow more complex.   This is especially true with identifying people eligible for employment and how to document good faith compliance with the applicable laws.  The pitfalls of not having a strong hiring system in place are consequential and... Read More →

While businesses are required to keep records, individuals need to be mindful of specific information which should be retained as well. Just a few important reasons to make good recordkeeping a habit are listed below: To monitor the progress of your business or personal activities To prepare your financial statements... Read More →