Accounting and Tax Guide (Page 7)

What's New in Short Term Online Cash Loans?

When you think about what is new in short term cash loans online, there are a few things that come to mind. You may think about the application process and how much easier it is than when you were filling out an application in person. It can be much quicker and easier than filling out those paper applications. Another thing that comes to mind is the ability to do research on the different types of loans that are available. There are a lot of websites out... ❯❯❯

How to Ensure You Are Getting the Most from Your Bookkeeping Services

Bookkeeping is an incredibly old practice that dates back thousands upon thousands of years. It is basically the record of your financial transactions so that you can keep an accounting of the business you have been conducting. Of course, this sort of practice has become more important than ever in modern times. There are all sorts of tax implications and laws that one must abide by, and for many business people out there today, profit margins are so slim... ❯❯❯

Vital Factors to Consider Before Investing in Precious Metals

During the ancient civilizations, precious metals were a reliable means to preserving wealth and the only form of currency. Even in the present time, the fascination exists. With the increase in global uncertainty, there is also an increase in volatility. Based on your investment and trading methods, volatility can pave the way for opportunities as well as risks. With more and more people looking into investing options, platforms like Auctus Metals... ❯❯❯

4 Reasons Your Accounts Won’t Reconcile

When it’s time to close out the books for the month and prep your financial statements, reconciliations are a big part of the process. Really, “a big part” is a massive understatement. Account reconciliations ensure that every transaction has been recorded free of errors. Without it, any errors in your books would carry over onto your financial statements and end-of-month reports. What is account reconciliation? Simply put, it’s the process of comparing... ❯❯❯

Tax Traps Startups Can Avoid

When you’re starting a new business, the ultimate goal in mind is financial stability. But like with any type of success, careful planning is key. And with startups, tax planning is crucial in order to prevent a small financial problem from snowballing. Tax planning should be part of the risk management strategy businesses implement to find a balance between the financial risks and rewards. With good tax planning, you can come up with the right strategies... ❯❯❯

Knowing When Professional Help is Needed to Resolve a Financial Issue

For the most part, managing your finances can be as easy as keeping track of your bank statements and comparing them against your monthly bills. Whether you are managing your personal finances or running a small business, basic financial management skills are all that's needed to stay informed. However, financial and accounting help may be needed at certain crucial times. For instance, when your tax bill comes due and there has been a recent change to IRS... ❯❯❯

Annual reviews during the Covid-19 pandemic

Annual reviews of your accounts are always important, but it’s particularly advisable to have these carried out during the pandemic so you can see how much Covid-19 has affected your business. A reputable and dependable accountancy firm can support you with not only general book-keeping and other duties but can also conduct an annual review of your business to help you prepare your final accounts. Assess your pandemic performance Most businesses have... ❯❯❯

Fraud on the Rise with Fake B2B Invoices

With the rise in B2B invoice scams, where fake invoices are being sent to companies, appearing as if they are coming from their suppliers, businesses are worried about security issues. Fraudsters may even inform a business that one of its suppliers has changed its banking information, directing the company managers or owners to transfer the funds to that new bank account. Governments across countries are warning companies who deal in B2B payment... ❯❯❯

6 Key Benefits Of Accountants For Business Owners

With a growing economy, it's no surprise that many business owners have started looking for new ways to save on their accounting costs. Accounting is a vital facet of every business, and a business owner’s inability to manage this aspect can become the reason why their businesses will become short-lived. Fortunately, this is where accounting professionals come in to help. There are a number of benefits to hiring accountants. These professionals have a... ❯❯❯

Why does a startup need to hire an accountant?

For a new business owner, accountancy can seem like a simple process where one simply fills up some tax documents and adds a few numbers. But if you try it once, you will get to know the complexity of it all! Accountancy has never been easy, or straightforward in the history of human civilization. Accountancy has become even more specialized than ever before. Only a certified accountant is reliable to handle the financial complexities that can confound a... ❯❯❯

How To Protect Your Business's Cash Flow

These are unprecedented times. Your business’s income might not be steady, and perhaps many of your clients are experiencing similar issues, causing them to make late payments, or not to honour your agreements at all. Not out of spite, of course, but simply because of hardships of their own. Or you might just work in an industry with long payment terms. It’s nice to see the influx of money on paper, but in reality, what happens when you need it now? You... ❯❯❯

Long-Term Drivers for the Valuation of Gold Bullion

Oct 17, 2020 Gold is one of the most sought precious metals in the world of investment. It has a long history, and its price has never touched zero in the last 3000 years of history. Just like other precious metals, gold prices also fluctuate. If you are keen to know the long-term drivers for gold bullion valuation, click here. Economic Expansion and Prosperity The gold bullion prices are heavily dependent on that country’s economic growth and... ❯❯❯

What Services Does A Chartered Accountant Offer?

Accountancy is a field that sees many fluctuations and updates that keeps changing according to the passage of time and the need for the time full stop these changes in the accounting field take place on a global level that is why there are many responsibilities on the shoulders of a chartered accountant. The field of Chartered Accountancy is not just about auditing and taxation anymore. Now it involves many other services that add great value to a... ❯❯❯

5 Services Your Business Should Outsource

A growing business can be a blessing and a curse. At the same time, you’re seeing your income grow, but with it your workload and perhaps levels of anxiety. More work means more deadlines, after all. The solution? Outsourcing. Not only does outsourcing save you time and mental energy, but it can even save you some money! Here are our top 5 things to outsource if you want to make your life easier! Starting from the bottom of the list to help you... ❯❯❯

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% and... ❯❯❯

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 individuals... ❯❯❯

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... ❯❯❯