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Artificial intelligence (AI) has emerged as a game-changer in many industries. Predictive AI technology has helped reshape age-old processes, saving organizations time, money, and frustration.

In an ideal world, retirees would enter their golden years with all of the wealth they needed to live out the rest of their lives in comfort. Yet this world is often not ideal, especially when it comes to retirement planning.

When considering how best to manage the crucial tasks of payroll and accounts payable/receivable, small business owners are often faced with a dilemma. Should they hire dedicated external financial professionals or cross-train their existing administrative staff to handle those responsibilities?

In order to try to tame high inflation, the Federal Reserve went through a stretch from March 2022 through July 2023 where it quickly raised the federal funds rate, eventually landing at 5.25 to 5.50%, a 22-year high.