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Accounting and Tax Guide


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... ❯❯❯

5 Questions To Ask Any Leadership Coach Before Hiring One

Business coaching is getting more and more popular every day. It can be very confusing when you are looking for an authentic coach for business because lots of people are calling themselves a business cost nowadays. It is quite overwhelming to find the right person and that is why you need to ask the appropriate questions before you hire them for your business coaching. So that is why in this article we will discuss five questions to ask any leadership... ❯❯❯

What should you know before offering client accounting services?

If you are a bookkeeper or an accountant, serving your clients can be a little more complicated than just providing them with financial services.  In fact, it is pretty common for small business owners to ask their accountants and bookkeepers about the possibility of outsourcing their accounting tasks to a virtual assistant. It is where things get a little tricky. Here's what you should know before offering client accounting services. What are... ❯❯❯

5 Secret Things to Improve Offshore Accounting

In today's business world, outsourcing has taken a prominent role, whether it be IT or accounting. These days' business organizations are relying on outsourcing for multiple services for reasons which we will be talking about further in this article. Now, if we talk about accounting firms in the last few years, they have included a new word in terms of outsourcing, which is offshoring.  First of we will talk about the factors that offshoring firms... ❯❯❯

Can You Do a Consumer Proposal Twice?

Debt is a scary thing, and overcoming debt once is tough enough. However, the scary thing about debt is that once you become debt-free after filing a consumer proposal, there's no guarantee that you'll be out of debt forever. It's actually fairly common for someone to become debt-free by filing a consumer proposal and then find themselves drowning in financial troubles again down the road. There's no shame in falling into debt again. What's important is... ❯❯❯

World Class Customer Service Training

A company, business, or organization is made up of several arms or functional areas that work together to achieve an overarching goal. Without these arms, it would be difficult for these establishments to run smoothly and profitably. A few of these arms include finance, marketing, human resources, IT, research and development, sales, and customer service. There are some of these functional areas that are often only found in larger corporations and... ❯❯❯

Seven Benefits of Taking Your CPE Courses Online

Continuing Professional Education (CPE) is part of a professional’s continuing learning that is self-motivated persistence in acquiring added skills and knowledge which in turn opens avenues for growth. For CPAs and professionals related to accounting, tax, audit, finance or similar areas, CPE is a requirement designed to maintain their competency and skill sets as professional service providers. Following years of evolution, over the time the... ❯❯❯

How to Write a Business Plan for Small Business

A business plan is vital for any business, no matter small or large. A solid and detailed business plan is a roadmap for your business. It always pushes you to think through your business goals and the validity of your business idea. With a business plan, you can have a clear understanding of where your business stands now and where it is going to be in the future. A proper business plan makes things ready for the next three to five years, incorporating... ❯❯❯

5 Questions to Ask before Hiring a Chicago SEO Expert

These days, you need to employ search engine optimization (SEO) strategies for your business if you want to see growth. Businesses that fail to utilize this strategy tend to fall behind the pack when compared to their competitors. Apart from growth, your business needs SEO for the following reasons: It builds customer trust It builds a great user experience iii. It leads to higher conversions It is a great return on investment Customers... ❯❯❯

What items can you claim a tax time when you work from home

The way we work is evolving, and working from home is becoming the new normal for many individuals. This gives you a lot of freedom, and you may deduct home office expenses from your taxes in a variety of ways. Many people are unaware that they may deduct expenses for working from home, and as a result, they frequently miss out on legitimate deductions. However, it's critical to follow the guidelines to prevent getting penalized for making a mistake. The... ❯❯❯

How Can Tax, Accounting and Financial Professionals Help and When Should You Hire

Our finances can be a constant concern. We might worry about selling our stocks or we are waiting for our dividend yield. Since the late nineteenth century, tax, accounting, and financial professions have been involved in helping individuals with their financial needs. A tax accountant is qualified to provide advice on taxes. An accounting professional can help you meet your bookkeeping needs. Whether you are starting a business or simply looking for ways... ❯❯❯

Tips on How to Afford Your Mortgage Payments

Owning a house is one of the expectations that society dictates a person to become an adult completely. However, buying a house is a pretty expensive and time-consuming procedure as there are tons of paperwork involved as well as meetings with different financial advisers. While these are part of the process, potential homeowners need not fret as mortgage adviser Kent firms can help them iron out the kinks in their plans. It makes sense to deal with... ❯❯❯