by Racheal Alvey | Dec 6, 2023 | Accounting for Credit Unions, Uncategorized
The National Credit Union Association (NCUA) announced that civil money penalties will be applied to Credit Unions who fail to meet deadlines for NCUA Form 5300 Call Report submissions, starting January 1, 2024. (1) Credit Unions have not accrued penalties for late...
by Stephen Griffin | Nov 14, 2023 | Individual Accounting, Tax Accounting, Uncategorized
The IRS just announced the new brackets for 2024—boosting paychecks and lowering income taxes for many Americans. (1) For those who don’t know, the IRS adjusts the tax brackets annually to avoid so-called “bracket creep”—or when inflation forces taxpayers into a...
