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Accounting and Tax Guide

The Many Skills of Starting and Running a Business

According to www.business.gov.au, Australia has more start-up small businesses than any developed country in the world. The Australian Government recognizes the importance of start-ups and entrepreneurs in helping to fuel investment and jobs in this country. That’s why in its 2015 Budget, the Government is encouraging start-ups and entrepreneurship by promising a package to help Australians start up small businesses and to help energize... [Continue Reading]

What Is Online CFD Trading?

If you have any experience in trading financial instruments you may find online CFD trading very interesting and a new option to trade on financial markets. With traditional trading methods like stocks, indices, commodities, Forex and others, the hassles of owning the assets and transferring costs were significant. But in CFD trading you do not need to own any of the assets and you just make profits due to changes in the prices of the underlying... [Continue Reading]

Filling Your Company’s Accountancy Needs

Most entrepreneurs have a do-it-yourself approach in handling their business. As long as they can give adequate attention to it and they have the necessary competencies to get it done, they want to make sure that they have full control of just about every detail in their company. However, there are times when getting professional help is the best way to go. One such aspect that’s best left to the professionals is accounting. There are distinct... [Continue Reading]

Accounting: Getting The Most Out Of Your Tax Return

It is the end of the financial year and everybody has the the same thing on their minds-- tax time. Everyone starts preparing their emails and receipts for donations and other evidences that can help increase their chances of a higher deduction to their taxable income. Here are a few reminders that you can use in getting the most out of your tax return.   Donations are tax deductible   At this time of the year, everybody searches for... [Continue Reading]

How to find the best money market rates

If you’re the kind of investor who is looking for a more conservative, less risky investment without compromising the chance to make money, you’ll need to find the best money market rates possible. If you aren’t experienced, it can be a challenge to sift through the seemingly endless array of choices to find a money market fund that will work for you, both to keep your investment protected and to still offer a decent (if not better)... [Continue Reading]

Four Money Mistakes Businesses Should Avoid

Financial stability can be one of the most difficult aspects to owning a business, especially if the business is in the beginning stages. While many businesses have difficulty yielding a profit, a great way to start your business off on the right foot is to be financially minded from the very beginning. Getting started properly can help you keep your business’s finances and records under control, which is a crucial aspect to business success.... [Continue Reading]

Benefits Of Hiring An Accountant For Your Business

Many businesses make the mistake of not hiring an accountant to deal with their finances and accounting needs. This tends to be because having an accountant is seen as being a luxury, something that only larger businesses should have. However, that isn’t the case. Accountants can be beneficial for businesses of all sizes. From giant corporations to one man business startups, accountants are incredibly useful. There are so many benefits of hiring... [Continue Reading]

Maximise Your Profit Margin Today!

Owning a business is all about taking risks. But you need to make sure you are making the right decisions. Taking the right gambles. How do you do this? You may need some expertise. Are you looking to increase your profits so you can expand your business? Then there are some steps you can take. They can be separated into two categories: cutting costs and maximising profit. As any good businessman knows reducing your spending is the easy way to increase... [Continue Reading]

Amazing Ways Your Business Can Benefit Financially

When you run a business, there is a lot that you need to consider. You’ll be faced with more responsibility than ever before. But you’re also going to face a lot of financial stress. As a business owner you’ll be required to pay for everything yourself, so you need to think up ways to cut costs. It can be very expensive trying to run a successful company. Make sure you take these ideas on board, they will help you benefit... [Continue Reading]

Keeping Your Company Costs Low This Year

Source The economy can be a tough master, particularly for a small business or a startup company. You need to be savvy and know how to save money. You should offer business packages that are enticing for an employee.  However, they should also be affordable enough that you can provide them. There are ways to save money without cutting starting to cut corners and reducing your work quality or your profit potential. Here is how you can begin... [Continue Reading]

6 Simple Ways for Businesses to Reduce Their Overhead

Running a business is often thought of as one of the most expensive endeavors that a person can take on. The overhead that a business takes on in the beginning can be overwhelming to even the wealthiest investors. This can cause a lot of issues for new and established businesses. Even though it seems impossible at times, there are always ways to reduce overhead and create more profit for the business. Anyone can use these ideas to improve their... [Continue Reading]

Top 5 Reasons To Invest In Stocks

If you have spare money, you might be wondering how you can make the most out of it. Much of the time, people find that they have no idea what to do with their savings. If you leave the cash in a bank account, you will not profit much from it at all. That is a waste of your finances. Instead, you need to find ways in which you can make your money work for you. Have you ever considered investing in stocks? You might think that this option sounds risky,... [Continue Reading]

Accounting & Tax News

There's just no accounting for taste
I'm often surprised by what people like or don't particularly fancy when I share samples of the foods I prepare for my recipe feature stories. One friend told me she'd offered vegan cupcakes to a meat 'n' potatoes guy who couldn't tell there was ...

Accounting Choices Blur Profit Picture
U.S. companies that rely solely on standard accounting to report their financial results are in the minority, and their numbers are shrinking fast. Just 29 companies in the S&P 500 index—or 5.7% of the total—closed their books for 2015 exclusively ...

Place Vendôme in Qatar Uses Yardi Voyager for Retail Leasing & Accounting Management
Place Vendôme in Qatar Uses Yardi Voyager for Retail Leasing & Accounting Management. Qatari company also adopted mobile solutions for managing prospect, tenant and property information. June 27, 2016 10:00 PM Eastern Daylight Time. DOHA ...

Accounting and Auditing Highlights, June 20-24, 2016
June 23: The Financial Accounting Standards Board issued a proposal “Consolidation (ASC 810): Interests Held through Related Parties that are under Common Control†to provide consistent treatment for how a reporting entity that is a decision maker ...

Spark More Summer Business in Your Accounting Practice
Capital One's Spark Business unit is offering some advice to accountants to help them and their small business clients get through the summertime lull and attract more customers. • Review and adopt new technologies: According to the most recent Capital ...

Leap Year 'accounting glitch' to blame for county paycheck snafu
“It was an odd year and not a typical fiscal year for accounting with the extra day,” Deputy County Clerk Hans Odde said. “We would like to propose they wait until July 14 and then it would be the regular division of 26 pay periods. A payment in ...

Auditors: No creative accounting by Brazil's Rousseff
RIO DE JANEIRO (AP) — Independent auditors hired by Brazil's Senate said in a report released Monday that suspended President Dilma Rousseff didn't engage in the creative accounting she was charged with at her impeachment trial. For supporters of the ...

Accounting watchdog announces investigation into KPMG over HBOS
Specifically, the Financial Reporting Council (FRC) is looking into the conduct of KPMG Audit relating to its audit of HBOS for the year ended 31 December 2007. The FRC has revealed that it will be examining the appropriateness of management's use of ...

Arena 'profit' is accounting fiction
That's a paper profit, courtesy of a public bailout and the kind of creative accounting that would land an ordinary property owner in foreclosure. This “profit” is possible because, even after voters soundly defeated five ballot requests between 1978 ...

'Enron Accounting' at CLWA? | Commentary by Lynne Plambeck
mug_lynneplambeck As everyone probably knows, Enron was an energy company that collapsed at the end of 2001 after it was revealed that its reported financial condition was really just creative accounting, over-stating profits and hiding liabilities in ...

People News – June 23, 2016
Marley Harris has joined The LBA Group, Jacksonville, as director of its business accounting solutions services team, leading a team of 15 accounting professionals. … Sue Folkringa, a CPA, licensed pilot and “aviation taxologist” with Wolcott ...

Firm News – June 23, 2016
Baker Tilly Virchow Krause LLP has been named to AdvisoryHG News' 2016 list of the top 12 accounting firms in New York City. … Adelphi University's Robert B. Willumstad School of Business hosted its sixth annual Career Opportunities in the Accounting ...

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