Accounting and Tax Guide (Page 15)

How Consolidation Can Help You Clear Your Debts

With debt still climbing, interest rates continuing to rise, and wages reaching new lows against the cost of living, it’s no wonder that more people in the UK are struggling with their debts than ever. Debt has become a national epidemic in the UK. The average household has about £5,980 of debt, much of which is also due to personal debt from credit cards, store cards and other debt sources. Living with debt is not only financially difficult, it can also... ❯❯❯

Finance Management

Obviously, money is a huge part of life. Learning how to manage your money the right way is an important step toward taking control of it. Summer is here (apparently), and it’s not always the preferable option to be managing your finances indoors when you want to be out with family or friends. Though, if anything, it’s worth remembering that in these warm-ish months we tend to spend more on road trips and meals out. It’s harder than you first think to... ❯❯❯

Financial Management Tools

Everyone likes to think that they’re in control of their finances. But sometimes, financial management isn’t as straightforward as we would like it to be. This is especially true for those of us who are trying to manage complicated budgets; those with families, for example, or people who are looking for ways to invest their money. But thankfully, there are many different tools available online which can help us to manage our finances more easily. These... ❯❯❯

The Good, the Bad, and the Ugly — How Truthful Are Your Books?

You’re a company director. You’ve made promises and projections in the annual shareholders meeting. Now, one year later, you have to face shareholders and show that you’ve been running the company profitably. Not easy. This is where accountants may lend you a hand. Unfortunately, this isn’t always a good idea. Some of the tricks they use aren’t strictly illegal, but neither would they hold their heads up high and discuss them openly. How do you tell if... ❯❯❯

Managing Your Money: Depositing Wisely

When you deposit money into an account, it doesn’t just sit there doing nothing. Instead, your money begins to work for you, accumulating interest and growing over time. How hard your money works, however, is entirely up to you. The type of account or investment opportunity that you choose will have a direct impact upon how well your money performs after it has been deposited. For this reason, it’s important to wise up about how, and where, you deposit... ❯❯❯

5 Inspirational Quotes for Accountants

Tax time came and went, but those poor accountants do have it pretty rough. Not only do you have to crunch numbers all day, but your career has the reputation of being one of the most boring jobs in all of history. You know this isn’t true, but that won’t stop people from thinking it or saying it. However, accountants have fascinating careers and if you think about it for a moment: why wouldn’t someone crunch numbers if they weren’t good at it or loved... ❯❯❯

What is the Difference Direct Loan lender or Broker?

When one shops around for loans, it is common to find a large number of advertisers, which listing includes both direct loan lenders and lending brokers. You might never have noticed because all of them use similar advertising to promote payday loans, personal loans, business loans, car loans and more. However, there is a difference between the two when it comes to get the best loans deal. Direct Loan Lenders Although the difference between a direct... ❯❯❯

Financial Choices That Will Hurt Your Future Retirement

In today's uncertain economy people are more focused on the present than the future. This lack of attention to their future financial situation can cause problems later in life. Although you have to focus on the bills and groceries you need today, you should also be focused on how you will afford these things when it is time to retire. No one wants to work forever and many people look forward to the day they can retire. Without proper planning this may... ❯❯❯

What qualifications do I need to become an accountant?

Accountancy is a profession which appeals to a huge number of people who are proficient with numbers. While the demand for good accountants remains high, it is important that those keen to enter the profession make themselves aware of the steps which will be necessary on their journey to employment. Beginning with the qualifications obtained from college and university, the road to becoming an accountant is one which will be made far easier with a... ❯❯❯

3 Things to Expect In Your New Credit Card

Use your credit card the right way and it will be one a most valuable financial instrument. Real benefits first start with the right card, one that gives great rewards with reasonable fees. The multitude of credit cards available makes it almost difficult to choose one, but it doesn’t need to be if you know the three main things to look for. 1. Rewards That Match Your Lifestyle Reward credit cards must provide two things; bonuses and the chance to... ❯❯❯

How to Find a Reputable CPA for Your Business

Whether you’re running a home-based business online, you manage a small business complete with staff and a brick-and-mortar location, or your operation has grown to become a highly successful and lucrative corporation, you may eventually find yourself in need of the professional accounting services that can be provided by a certified public accountant (CPA). Unfortunately, you first have to undergo the tedious task of securing a reputable and reliable... ❯❯❯

Why an Insolvency Practitioner is Vital

There are many different ways to deal with problem debts. Debt management plans, bankruptcy and IVAs are all possibilities. The method that’s right for you will depend on your own circumstances and the amount you owe to your creditors; there’s no one-size-fits-all solution. For many clients, IVAs offer the best balance: a chance to repay as much debt as possible without being trapped in an endless spiral of interest and fees. But there are other reasons... ❯❯❯

Contemplating Your Own Business? Adequate Financial Software is a Must!

The idea of being the boss is probably grazed the minds of many folks. While climbing the corporate ladder from the very bottom to the very top is a possibility, the truth is that it could take a very long time, or may not even happen at all. Opting to forego the “corporate ladder” experience and seeing someone else's name on their w-2 form, many individuals are choosing instead to pursue a business of their own. Who knows? You could just end up being the... ❯❯❯

What Are Auditors?

Accountants and auditors help to ensure that the Nation's firms are run efficiently, its public records kept accurately, and its taxes paid properly and on time. They perform these vital functions by offering an increasingly wide array of business and accounting services, including public, management, and government accounting, as well as internal auditing, to their clients. Beyond carrying out the fundamental tasks of the occupation-preparing, analyzing,... ❯❯❯

What Are Assets and Liabilities

Making a profit in a business is derived from several different areas. It can get a little complicated because just as in our personal lives, business is run on credit as well. Many businesses sell their products to their customers on credit. Accountants use an asset account called accounts receivable to record the total amount owed to the business by its customers who haven't paid the balance in full yet. Much of the time, a business hasn't collected its... ❯❯❯

Understanding Balance sheet

A balance sheet is a quick picture of the financial condition of a business at a specific period in time. The activities of a business fall into two separate groups that are reported by an accountant. They are profit-making activities, which includes sales and expenses. This can also be referred to as operating activities. There are also financing and investing activities that include securing money from debt and equity sources of capital, returning... ❯❯❯

Benefits of Bookkeeping Outsourcing Online for Accounting Firms

Bookkeeping is a monotonous task for accounting firms. It takes long and tedious hours to maintain the accounts properly. On the other note, this can be a very expensive matter as it involves giving high amount of salaries with add-ons to your accountants. A variety of companies have trained accountant for bookkeeping. But their cost to the company is so high that it becomes impossible for the firm to continue with them. For small business ventures,... ❯❯❯

Bookkeeping Rates Can Help You Fix the Amount That You Have to Spend

It is that time of the year again when you have to pay your taxes and this must be giving you sleepless nights. So, now you must be hunting for an accounting firm that will do all the tiresome work for you and help you in paying your taxes in time. There are certain things that you must check out regarding the services provided by the firm that you hire to do your tax calculating and accounting works. Bookkeeping rates are very competitive and so you must... ❯❯❯

Bookkeeping Software

The process of Bookkeeping is cumbersome. Small human errors can cause big damage to the company. Computers have made this hectic process very easy. Computerized Bookkeeping simplifies the Bookkeeping and accounting procedures. Speed, accuracy, automation and versatility make computers better accountant than humans, and provide fast and accurate processing of transactions. In manual Bookkeeping each entry has to be entered separately in various books of... ❯❯❯

Freelance Bookkeeping

Freelancing is a common way for people to earn a living these days. The advent of Internet has shrunk the world into a global village, and geography is often irrelevant to a position. Freelancers are doing a great job in every other industry and the employers have realized the true potential of freelancing. There are several advantages for companies in opting for freelancers rather than having their own staff. As the freelancers work from their own home... ❯❯❯