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Accounting and Tax Guide


What's the Difference Between a Certified Financial Planner and a Personal Financial Planner?

If you need to manage your money, you will usually seek a professional's help. A certified financial planner and a personal financial planner or financial advisor are both specialized in managing the consumer's money. There are numerous financial professionals, starting from accountants and insurance agents to brokers, financial planners, and investment advisors. Each and every planner is a kind of advisor, but every advisor is not considered a planner.... ❯❯❯

6 Tips for Growing a Successful Business

Starting a business is very different from ensuring it grows and becomes successful. While starting one has become much easier thanks to the growth of ecommerce, a business owner needs to be organised, good at planning, and have the business skills required to grow a successful business. Although you can transfer most of the skills you need to start a business to running it, there are a few things you will need to learn as your business grows. Understand... ❯❯❯

What Is the Difference Between an Operational CFO and a Strategic CFO?

Strategic CFOs and operational CFOs can both be valuable additions to your company. But while both positions occupy many of the same responsibilities, there are some key differences you should be aware of when deciding which one fits your company best.  Operational CFOs typically aid your company in the procedural and operational aspects of your finances. They examine what methods are working for the business and the methods that are failing.... ❯❯❯

5 Tips to Drive Up the Value of Your Properties for Sale Perth

When selling your property, it must be appealing to buyers and priced competitively. Here are some tips to help drive up the value of your property for sale in Perth. Following these simple tips ensures that your home sells quickly and for a reasonable price. 1) Consider the Surrounding Suburbs When selling your property in Perth, it's essential to consider the surrounding suburbs. After all, potential buyers look at the whole area, not just your... ❯❯❯

What You Need to Know Before Getting a Mortgage Broker

Buying a home or financing a mortgage can be difficult. Since there are more mortgage lenders now than ever, the process is even more complicated than it used to be. Licensed mortgage brokers who give outstanding service can help people who want to buy a home and those who already own one. When it comes to getting a mortgage, these professionals have a lot to offer, but there are also a lot of things to think about before working with one. First, doing... ❯❯❯

Car Accident Loans in Texas: 5 Aspects to Consider

A lot of Texians travel on the roads every day. Many drive their cars, while others commute to work or school. Annually, 3,478 people die in car accidents across Texas. If you've been injured in a Texas car accident, you may be wondering how you will pay for your medical bills and other expenses. You may be considering taking out a loan to cover these costs. While car accident loans can be helpful in a time of need, it's essential to understand the... ❯❯❯

5 Great Accounting Tips for Lawyers

Accounting, as intimidating as it may be, can be of huge importance to a law firm's success. It's essential in ensuring that your financial statements are accurate and up-to-date, but also in assessing the financial well-being of your firm. However, legal accounting comes with many challenges that can make your life a nightmare if not handled properly. Luckily, we’ve got you covered with these 5 great accounting tips for lawyers. Check them out! ... ❯❯❯

Top 5 Accounting Tips for Your Medical Practice

Every business needs a sturdy management system to run smoothly, and medical facilities are no exception. But, managing a medical facility is not a walk in the park for professionals trained to treat people. There are many demands that come along. First, you may need to hire a physician contract lawyer to ensure you’re compliant with the law and then you’ll need a proper accounting system to stay in business. How do you overcome accounting... ❯❯❯

How are Gambling Winnings Taxed?

You might think that the only thing you’ll lose when gambling is your money – but that’s not entirely true. You’ll also lose some of your cash as tax. While different states have different taxes on gambling winnings, there are generally three types of taxation involved in gambling: Intentional loss, general income, and specific source. When you gamble, you might win a little or a lot. However, no matter how much you win, you must... ❯❯❯

Are Consumer Proposal Payments Tax Deductible?

There are many different legal ways and methods through which people can save taxes. Some of the most popular measures for saving taxes include investing in municipal bonds, making long-term investments, starting a business, and making maximum contributions to retirement accounts. A consumer proposal is not a tax-deductible instrument that can help you save on taxes. However, it may provide some relief (including relief from tax debt) in certain... ❯❯❯

5 Ways to Keep Costs Under Control As Your Business Scales

Growing a business isn’t as simple as launching a high-ticket product and placing vague estimates around costs. With the rising cost of goods and services and instability in the labor market, it’s challenging to pinpoint where expenses will land. But it’s possible and oh so necessary. Inflation isn’t dropping anytime soon, so it’s unclear where things will stand. But, not managing your costs can be the difference between... ❯❯❯

How to Plan Your Retirement Years

Nowadays, people are increasingly aware of how important it is to carefully plan their retirement years. This does not only mean planning life from an economic point of view, but also asking yourself some important questions regarding the future. “Will I be able to retire at 55?”, “how much do I need to deposit every month to get a significant income in the future?”, “how much pension will I get?”: these are the most... ❯❯❯

Everything You Need to be Aware of About E-Commerce Accounting

Trying to do your own accounting is a task that gets complicated very fast. If you've ever tried doing it, you'll be aware that e-commerce accounting has its challenges. Now it is important to hire an accounting firm that specializes in e-Commerce and will help you minimize your tax bill. Undoubtedly eCommerce has a long cash flow cycle when compared to other industries. It is because the flow of inventory and cash is indirect to both the customer and the... ❯❯❯

How Human Resources Departments Deal with Drug Taking

Drug taking is a problem that companies have to deal with every day. Indiana employee drug testing laws are also something for firms to think about, especially if you are based in this area. Some companies choose to drug test all of their employees, while others take a more lenient approach. There are pros and cons to both methods, and it ultimately comes down to the company's preference. Deterrent Drug testing is an effective way to deter employees... ❯❯❯

4 Business Strategies You Probably Haven't Thought About In 2022

All know that when the covid-19 pandemic hit the world it affected everything very badly especially it rocked the business sector and the industries were also affected. So this means that the last two years were very disturbing but now as we have moved on to 2022 businesses are also preparing themselves for different growth opportunities.  This year is considered a strong year for businesses because we can expand our partnerships,  grow our... ❯❯❯

Landlord Guide to Property Tax Assessment

Running a rental business is not cheap, and there are several costs that property owners have to account for at the end of the year. Thankfully, the IRS knows, and many expenses are eligible for deduction according to their policy. Despite that leverage, many landlords still miss out on the opportunity to keep some money in their pocket or spend a lot of money on a professional to help them. If you read our article on 2021 rental property tax tips, you... ❯❯❯

Detecting & Preventing Accounts Payable Fraud – Explained

Businesses run on finances that accumulate to a large number of transactions, and there comes the accounting department's responsibility to organize, reconcile, and manage complete records of each transaction. Narrowing down the duties, vendor and supplier payments are handled by the accounts payable department, which usually remains vulnerable to the risk of theft, to be precise – accounts payable fraud. Since this type of fraud can be committed by... ❯❯❯

5 Investment Ratios Everyone Should Know

What comes to your mind when you hear the word ‘ratio,’ most probably your boring math classes in the school, which you hated the most and usually like to skip! Well, don’t worry, that’s not the case here.  When it comes to investing your money, there are certain ratios that will help you in assessing the value of the company's stock and are used as a primary tool for fundamental analysis.  It is always good to know... ❯❯❯

Mortgage Refinancing: Options Available

Mortgage refinancing means renegotiating the current mortgage loan agreement. This gives you the liberty to access the equity and reduce the cost of borrowing by leveraging at lower interest rates. When you refinance your mortgage it increases the mortgage loan for financing larger expenses. You can use the loan for renovation or purchasing a newer house. There are moments in life when you consider refinancing your mortgage. That is the moment when you... ❯❯❯

Orlando King’s Accounting Tips For Entrepreneurs

According to statistics, about half of all companies will close in their first five years of operation and one of the most common reasons for closure is mismanagement of funds and running out of money. After running several businesses in Atlanta, Orlando King learned that instead of malicious scams or extremely low sales, it is the minor accounting errors that come with the passage of time that usually leads to a financial crisis. Most business owners... ❯❯❯