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Accounting and Tax Guide

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]

Top reasons you need a mortgage broker

They are impartial Banks only have a limited range of products they can offer a person looking for a mortgage. They can only offer you the products within that range. A mortgage broker, by contrast, has a virtually limitless catalogue of products they can offer you. They aren’t hemmed in by certain products. They can therefore offer you impartial advice based on what they believe is right for you, not simply based on the limited products they... [Continue Reading]

3 Reasons to Hire a Mortgage Broker

With all of the stress you have when buying a home, finding some professional help can be very beneficial. For most new home buyers, having a helping hand to help with any problems that arise can help them get through this experience much easier. In most cases, you will have a number of available brokers in your area, which means you will have to do some research. The more you can find out about a broker and the track record they have, the easier you... [Continue Reading]

Year-end bookkeeping tips

Many businesses, both big and small, understand the benefits of hiring an accountant.  A qualified accountant can easily and effectively file the accounts and tax returns for your business.  That can actually save you money and will certainly save you time.  It’s important to hire the right accountant for the job, but regardless of who you hire, if you want them to do their best work you’ll need to do your part, too. ... [Continue Reading]

How Military Skills Help Soldiers to Find Work

One of the biggest concerns that many people have going into a military career is whether or not they will be able to find work when it eventually comes to an end. This is something that can pose a fair amount of anxiety for personnel but in most cases it is unjustified. And the reason for this is that the army teaches so many amazing skills that are 100% transferrable to future careers. Perhaps not everything you'll learn in the army will be directly... [Continue Reading]

Accounting & Tax News

Report finds accounting problems in East St. Louis
EAST ST. LOUIS, Ill. (AP) - An accounting firm that studied East St. Louis found a host of problems in the first year since the state stopped overseeing the way the community spends and collects money. The Belleville News-Democrat ( ...

Forensic accounting: CSI for the number-crunching crowd
A: Conventional accounting is more a function of balancing the books and with a goal of producing accurate financial statements. Forensic accounting provides a more in-depth analysis of the underlying data with a goal of detecting or investigating ...

Meridian Business Services, A Kansas Based Accounting/Consulting Firm, Names ...
Meridian Business Services, A Kansas Based Accounting/Consulting Firm, Names ...

New accounting standards give India Inc tax jitters, companies put aside funds ...
New accounting standards give India Inc tax jitters, companies put aside funds ...

FASB update aims to simplify employee benefit plan accounting
The guidance is contained in Accounting Standards Update (ASU) No. 2015-12, Plan Accounting: Defined Benefit Pension Plans (Topic 960), Defined Contribution Pension Plans (Topic 962), Health and Welfare Benefit Plans (Topic 965): (Part I) Fully ...

FASB Sees Dissent on Nonprofit Accounting Changes
The Financial Accounting Standards Board is beginning to hear from not-for-profit organizations and their accountants about the far-reaching changes it has proposed in reporting by nonprofits, and finding there are some disagreements, even among FASB's ...

Transparent from the Start
Our profession is struggling to inspire young accounting graduates to pass the CPA Exam and stay in public accounting. And I wonder if some young people are attracted most to accounting's plentiful career opportunities — only to find that the firm ...

Firm News: July 31, 2015
For restaurant and hotel owners, success depends on filling dining tables and booking hotel reservations with little time to manage payroll, accounting or taxes. With over 45 years of experience working with over 1,440 restaurants and hotels employing ...

People News: July 31, 2015
LLP, and Carolee Lindsey of Cummings, Keegan & Co. will be the incoming chair and chair elect for the 2016 Accounting and Auditing Conference. … Grethell Anasagasti has been promoted to principal in the tax and accounting department of nationally ...

5 integrations your accounting app needs
If you're using a cloud-based accounting solution, integration can be both a time-saver and a life-saver for managing your finances. Here are the top five integrations that your accounting app needs in order to turn the chore of accounting into a 'set ...

Accounting News Roundup: Big 4 Bail on New Jersey Congressman After Anti-Gay ...
Accounting News Roundup: Big 4 Bail on New Jersey Congressman After Anti-Gay ...

New safe harbor governs accounting for ratable service contracts
Taxpayers using the accrual-basis method of accounting were given a safe-harbor to treat economic performance as occurring on a ratable basis for certain service contracts in guidance issued by the IRS on Thursday (Rev. Proc. 2015-39). This will allow ...

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