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Accounting and Tax Guide (Page 5)


How do you increase Sales in an Accounting firm?

Sales! The scariest word in an Accountant’s dictionary. Are you content with the 5-10% increase every year through word of mouth? Why not try and implement some professional sales techniques to try and improve revenue grow. As one of the directors at Archimedia Accounts In Nottingham it become almost an obsession of mine to figure out what are the best ways for an accountancy practice to generate new business. I decided to throw myself into it 100%... ❯❯❯

Understanding The Impact of Debt on Your Business

Understanding The Impact of Debt on Your Business Debt is something that many Americans will take on in order to deal with a current problem or get something they want. These can be student loans, credit card debt, and mortgage loans. Loans don’t just affect you. You should also know that your loans will have an impact on your business. What You Should Know About The Impact of Debt on Your Business The impact of debt on your business can be seen as a problem. It certainly is an issue for... ❯❯❯

The Critical Importance of an Accurate Balance Sheet

The Critical Importance of an Accurate Balance Sheet Balance Sheet is also known as Statement of Financial Position as it shows the financial status of the business as of a given point in time. Whether the business is a sole proprietorship, a partnership or a corporation, it is critical that balance sheet is accurately prepared. It is a compulsory part of the Financial Statements as it shows what your company owns as well as what it owes. Therefore, it is also important that accountants or business-owner... ❯❯❯

Personality Tests for Employment: What You Need to Know

Pre-employment assessments are commonly used in the recruiting and hiring process for many companies and corporations. Berke is a company that specializes in pre-employment assessments that measure problem solving and personality traits that are specific to the needs of your business. Berke is able to send a report regarding the assessment results immediately after a candidate finishes their assessment. The report that Berke provides is simple to... ❯❯❯

Tips to Manage Your Student Loan

College fees are high and the number of students who have to fall under the burden of student loans is incredibly high. Sadly in order to continue their studies students have to take this step. Because of this students who have student loans suffer from stress in money and finance and the reason is not only the studies, the loan adds up like a nightmare.  If you are having a hard time because of your student loan then know that you are not alone.... ❯❯❯

5 Common Issues That Arise in Corporate Governance

Corporate governance includes those people working in a corporate business for companies that have something to do with the way the corporation is running. It includes the whole executive and administrative staff, stakeholders, and other members of the corporate business. Ideal corporate governance is going to be extremely beneficial towards the profitability and recognition of the company. The corporate businesses that have ideal corporate governance... ❯❯❯

When to Hire an Accountant

When running a business, it can be hard to know when to reach out and add extra help to your team, whether that’s employees or just external service providers. With the wealth of accounting software today, it can be just as hard to know when to hire someone to help you manage the financial side of the business. Accountants primarily can help you to establish the legal structure of your business, provide experienced advice around accessing finance as... ❯❯❯

How to Choose the Right Credit Card in Your Country

Credit cards are useful and convenient. If you know how to use them properly, they can be your best buddies. However, how do you choose which credit card is right for you? Let’s answer that question. What will you use the card for? Before you choose a credit card, ask yourself the main reasons why you need the card. Low-interest cards are best if you’ll use the card for general spending For business spending, search for more card... ❯❯❯

A Simple Guide to Teach Your Children Responsible Use of Debit Cards

A Simple Guide to Teach Your Children Responsible Use of Debit Cards Money management is one of the hardest yet most necessary teachings that the parents could give to their children. Most of the parents use debit cards to help their children manage money. However, most of them are afraid to put a debit card in the hands of their children. While you should not let your children have unlimited access to your debit cards, you need to teach them the ways they can handle their Spendsafe debit cards responsibly. The best... ❯❯❯

How Much Should You Be Paying for Your Accounting?

Financial management is not something that should break the bank. However, it can be tough to figure out whether your accounting costs make sense or not. Even for companies of comparable sizes that fall under the same industry, their accounting costs can differ greatly.  In 2015, SCORE (a non-profit business organization) estimated that the yearly accounting expenses for small businesses hover around $1,000. About 23% of small businesses spend less... ❯❯❯

The Essential Things to Know About Tax Audits in Dubai

Approved auditors in Dubai are in high demand after the new Value Added Tax (VAT) law was established in the United Arab Emirates (UAE) in 2018. Two years later, the rules and regulations for companies across the UAE are clear and in place, meaning there is no justification for not abiding by them. As a way of ensuring that businesses across the country are paying the required taxes, the government has implemented a system of tax audits that assesses... ❯❯❯

ABLE Accounts - What Are the Advantages of an ABLE Account?

Families that have children with special needs face innumerable challenges regarding their education/vocational training, therapy, skilling, safety, physical and emotional health. Added to this, one of the worries that continues to haunt them throughout their life is how the person with a disability will cope in the future. Persons with disabilities face additional costs for care, mobility, transportation, nutrition, etc. The US Government has taken... ❯❯❯

Should You Take Out Personal Loans for Your Company?

If you go through the website of a bank or any other private lender, you will come to know about the various types of loans that they offer. One of these is a personal loan. This type of loan is normally used by a person to pay off credit card debts that normally bear a large interest rate, home improvement projects, and even some unexpected expenditures. You will be surprised to know that there are some personal loans that can also be used for business... ❯❯❯

5 Key Differences Between ERP Systems and Accounting Software

5 Key Differences Between ERP Systems and Accounting Software If you're mulling over whether to buy accounting software or an Enterprise Resource Planning (ERP) system, it would be wise to consider their differences. Some small companies may opt for accounting software for fear that a more integrative platform like an ERP could require a needlessly lengthy deployment with little ROI. Yet, such doubts can easily be dispelled since businesses are realizing that with increasing competitiveness a company can't afford... ❯❯❯

How Boston Businesses Can Manage their Finances Better

How Boston Businesses Can Manage their Finances BetterWhile we regularly spotlight different businesses around Boston, we felt it prudentunder the current circumstances to provide some thoughts on the financial side too. After all, money is the lifeblood of every business and when that dries up, the company is likely to struggle unless the situation rectifies itself. Royalty-free image Here are some thoughts on how the Boston business community can manage financial bumps in the road or handle... ❯❯❯

Know Everything About Refinancing Your Church Mortgage

When your church is looking for complete financial freedom, you need to see your church mortgage from a new perspective. It's time to ascertain whether you want to continue with the current mortgage or need refinancing for the loan. Refinancing is an excellent option when you need increased cash flow for managing ministry activities every month. Here's everything to know about refinances before you go for it. Why Do You Need Refinancing on Your Church... ❯❯❯

4 Qualities of a Successful Online Business Owner

Many people want to start and run a business to achieve freedom and success. However, not everyone who starts a business will be successful with it. Whether you want to start a business selling vape fluid, or you'd prefer to offer consulting services, you need to have a few qualities of successful online business owners. You can learn some of these things, so don't feel discouraged if you don't have all of these qualities. They Manage Their Time ... ❯❯❯

Tips for Securing Lower Car Title Loan Payment Rates

A car title loan delivers quick cash without compromising your mobility. The approval is fast and doesn’t need a good credit score to check out. With a solid repayment schedule, this can be a good way to get out of a crisis. On the flip side, a car title loan can be a risky undertaking. To begin with, the repayment period is relatively short and bears high-interest rates. If you don’t manage to make the payments in time, the loan will roll... ❯❯❯

Automate Tasks, Not Jobs: The Impact of AI on Modern Accounting

Though it’s often viewed as a threat to job security, automation is quickly taking on an important role in a range of industries. Now, it’s poised to disrupt another field: accounting – and AP professionals aren’t quite sure what to think. Due to the intricacies of the profession, some accountants may doubt the viability of automating important duties or introducing new tech into their workflow. But the good news is that... ❯❯❯

Can my car be a write-off from hail damage?

Storms are a part of the Aussie life. However, some storms can cause more damage than others, such as a hail storm.  If you are unlucky enough to be a custom to hail storm damage, you will find that the world of automotive hail damage is a unique one of its own. Firstly, hail damage rarely happens to vehicles. Secondly, a hail damage write off can be a tedious process, taking longer than most normal write offs.  As a result, dealing with hail... ❯❯❯