October 1, 2025
Published by Service2Client on October 1, 2025
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The IRS has released draft Schedule 1-A, introducing four new temporary deductions within the One Big Beautiful Bill Act. If you are wondering what the new form looks like and how the calculations work, read on as we explore each below. Modified Adjusted Gross Income (MAGI) It is important to note that all four deductions require calculating your MAGI first, which determines eligibility and phaseout amounts for each deduction. The Four New Deductions and How the Calculations Work These deductions are all referred to on the schedule by their colloquial names, for example: “No Tax on Tips,” “No Tax on Overtime” and “No Tax on Car Loan Interest.” The sole exception, however, is popularly referred to as the “No Tax […]
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October 1, 2025
Published by Service2Client on October 1, 2025
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Contribution margin after marketing (CMAM) measures how much money is generated per unit retailed after factoring in a company’s variable costs, along with marketing costs. It’s analogous with contribution margin, however, a business must factor in marketing costs the company experiences when publicizing a good to likely consumers with details on the business’ wares. This metric determines how well net sales can satisfy expense obligations and what percentage of net sales may remain to satisfy fixed expenses. Comparing Variable Versus Fixed Costs Variable costs, as the name implies, are expenses that rise and fall according to output quantities. Fixed costs, conversely, are expenses that don’t change despite variation of production quantities. Understanding these concepts is helpful when calculating CMAM to […]
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October 1, 2025
Published by Service2Client on October 1, 2025
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It can be hard to build up your own business, but it can be harder to sell it for what it’s worth. In fact, only around three in 10 family-owned businesses survive for the next generation. Whether family-owned or in a partnership of non-family owners, business succession is no easy feat. Succession Planning It is very important to have a succession plan, even if the business is fairly new. That’s because it gives heirs a roadmap for what to do if the owner dies unexpectedly. The first step is to figure out who you want to run the business after you. If you want to pass it on to one or more family members, be sure to ask if they’d […]
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October 1, 2025
Published by Service2Client on October 1, 2025
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What if you could lower your grocery bill without giving up the things you love, fight inflation, and have some money left at the end of the month? Sounds too good to be true? It’s not. It’s the Half Rule. This means cutting the amount of product you use in half and seeing what happens. Truth is, most of us probably use too much of the things we love. Here are several reasons why: Manufacturers often ask you to use more of the product than you need. You’ve probably gotten used to using a certain amount of a product; And finally, product inflation. Specifically, you might think that if you get pleasure out of something, you might need to use more […]
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October 1, 2025
Published by Service2Client on October 1, 2025
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As organizations invest heavily in next-gen firewalls, AI detection, and threat intelligence, grave cyberattacks have been reported as a result of overlooked misconfigurations. According to the latest statistics, about 23 percent of cloud security incidents are directly connected to misconfigurations. These missteps create easy entry points for cybercriminals that may lead to data breaches, ransomware demands, and financial loss. What are Misconfigurations? Misconfigurations are overlooked errors in system setups that create vulnerabilities without the need for hackers to apply advanced hacking techniques. These silent threats are human-driven oversights when configuring software, hardware, or cloud services. Good examples include improperly set permissions in cloud storage, insecure API keys left in code repositories, inadequate security monitoring, and unsecured access points like IoT […]
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October 1, 2025
Published by Service2Client on October 1, 2025
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Homebuyers Privacy Protection Act (HR 2808) – Introduced by Rep. John Rose (R-TN) on April 10, the House passed this bill on June 23, and the Senate passed it on Aug. 2. Signed into law on Sept. 5, this bipartisan bill prohibits a consumer reporting agency from selling a mortgage applicant’s personal information to other lenders without their explicit consent. The legislation is designed to safeguard homebuyers’ personal financial information and eliminate the frequent bombardment of other lender marketing offers during the financing process underway with the applicant’s existing lender. SUPPORT for Patients and Communities Reauthorization Act of 2025 (HR 2483) – This bill renews billions of dollars in federal funding for programs responsible for preventing overdoses and further strengthening […]
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