The dollar's purchasing power has decreased over time, as stated by the Bureau of Labor Statistics. In 2010, $1 is now equivalent to $1.40 in 2023. This means that a single U.S. dollar's "real value" has decreased significantly. Consequently, a dollar will buy less at the store.

The US cities with the highest inflation rates from 2010 - 2023 are: 1. San Diego - $1 became $1.50 2. Phoenix - $1 became $1.44 3. Seattle - $1 became $1.48

Uncover the effects of inflation on everyday necessities like gas, bread, eggs, and electricity. Our chart shows how much these spending categories/items have increased since 2010. #inflation

Navigating taxes as a digital nomad can be daunting. That's why our team of tax experts created a practical survival guide to keep you out of trouble, no matter where your adventures take you. Read here: sharedeconomycpa.com/blog/digital-n…

Thanks to the #InflationReductionAct, this filing season witnessed a remarkable transformation. IRS customer service responded to three million more phone calls, and wait times lowered from an average of 28 minutes to a mere three. ow.ly/NmXs50PCxo2. #Taxes #Funding

In 2021, the Guidant Financial Trends Index revealed that Gen Xers (between 39 - 54 years old) make up 44% of small business owners nationwide. Baby boomers (born between 1946 and 1964) own approximately 41% of small businesses, and millennials currently represent only 12%.

The COVID-19 pandemic has significantly impacted businesses, with approximately 41% reporting negative changes in their operations. Shockingly, only 63% of companies could maintain profitability in 2020. #COVID #BusinessStatistics

As stated by the World Bank, small and Medium Enterprises (SMEs) are the driving force behind the global economy. These exceptional businesses make up a whopping 90% of all companies worldwide and generate 50% of the total jobs globally. #SmallBusiness #SmallBusinessStatistics

Prepare for tax day with our expert bookkeeping services. Whether your books are in pristine condition or need some TLC, our team is here to assist you. Don't wait; contact us today for a free strategy session. #bookkeeping

Enhance your understanding of inflation with this insightful chart. Each bar represents the monthly change in the Consumer Price Index, illustrating the impact of food, energy, and core CPI. Easily distinguish between services and goods. #inflation

Explore this compelling map depicting migration patterns across US counties. The data reveals pronounced negative migration trends in both California and the northeast, while Florida and Texas emerge as the most widely moved into. #domesticmigration #census

Unlock the full potential of short-term real estate with our strategic approach. With a clientele of 300+ satisfied #AirbnbHosts, we've mastered the art of maximizing income streams while keeping tax advantages intact. Say goodbye to complexity and hello to wealth building.

Do you have a business bank account? If not, you should. Think of your business bank account as the backbone of your company. It keeps your finances transparent and compliant, giving you a solid foundation in the business world. Learn more: ow.ly/WUQY50PIuX2 #SmallBusiness

Ready to open a business account? Don't forget to weigh your options: big banks vs local credit unions. Discover why a business account is crucial in our blog: sharedeconomycpa.com/blog/business-….

Coal production has steadily declined since 2010, while natural gas and crude oil production are experiencing a boom. The fossil fuel landscape is shifting, and it's time to take notice. #fossilfuels #coalproduction

Curious about the future of the short-term rental market in 2023? We've got the stats that will pique your interest. But for the full scoop on the outlook for Airbnb rentals, you'll definitely want to check out our blog. sharedeconomycpa.com/blog/short-ter… #Airbnb

This handy spreadsheet is chock-full of GoFundMe links for hundreds of Maui families in need. Don't miss out; check it out right here and share it to pay it forward! #Maui #HelpMaui ow.ly/A10o50PLlS8

We moved our L.A. office to a newer, bigger location. Here's the team enjoying the SoCal sun outside our new digs. Need to reach us? Here's our physical address: 2601 Airport Dr. Torrance, CA 90505

Oops! I accidentally hit send before picking the perfect image. But no worries, enjoy this fresh snapshot of the squad at our new location! #SharedEconomyTax

Just a friendly reminder that estimated taxes are due today. Feeling a little overwhelmed and short on time? Don't worry, we've got your back. Contact us and let us lend a helping hand.