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 Accounting and Tax Guide |
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... [Continue Reading]
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,... [Continue Reading]
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... [Continue Reading]
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... [Continue Reading]
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... [Continue Reading]
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... [Continue Reading]
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... [Continue Reading]
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... [Continue Reading]
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... [Continue Reading]
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... [Continue Reading]
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,... [Continue Reading]
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| Accounting
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Dylan Matthews has an opus of wonkery on government accounting, that delightfully touches on some of the geekier issues like the connection between loan payments and what it means-to-be, a question perhaps more broadly understood as something like, ...
(May 22, 2013, Forbes)
The Financial Accounting Standards Board and International Accounting Standards Board should not throw away decades of experience and force lessors to spend millions of dollars updating their accounting systems to address a limited set of weaknesses in ...
(May 22, 2013, CFO Magazine)
As the name suggests, profits under the cash accounting basis are calculated by deducting expenses of the trade paid during the basis period for the tax year, from the income of the trade received in that year. A few adjustments will still need to be ...
(May 22, 2013, Mondaq News Alerts (registration))
A Swedish prosecutor says three former executives of automaker Saab Automobile AB have been arrested on accounting fraud charges. Prosecutor Olof Sahlgren says the three are "suspected of aggravated attempts to avoid tax controls" by allegedly ...
(May 22, 2013, New York Daily News)
The potentially damaging dispute between China and the United States over accounting practices and access to audit records has now been dragging on for quite some time. Unlike many other issues between the two countries, accounting was never likely to ...
(May 21, 2013, the Diplomat)
The letter recommended several changes for the treasurer, including reconciling all bank accounts monthly, clearing old items from the cashbook as soon as possible, making sure the amounts on the warrants match invoices rather than use a rounded ...
(May 21, 2013, Valley Dispatch)
A lawsuit that may have shone a light on Hollywood accounting practices has been settled behind closed doors. Attorneys for Warner Bros. announced at a status hearing Monday that the studio had resolved a dispute with the “Smallville” co-creators and ...
(May 21, 2013, L.A. Biz)
The scholarships are awarded in order to provide financial assistance and encouragement to accounting majors. Sixty college students received a $2,500 scholarship, three received $1,250, and one received $1,000. Three students who had previously ...
(May 21, 2013, Accountingweb.com)
Herbalife hires PricewaterhouseCoopers as new accounting firm after previous ...
(May 21, 2013, Washington Post)
May 20 -- Seattle accounting firm Moss Adams was ordered Friday to pay $180,000 over a judge's earlier contempt ruling for not fully complying with a subpoena for audit documents from Meridian Mortgage investment funds and its founder, Frederick Darren ...
(May 21, 2013, CPA Practice Advisor)
Accounting changes that would require companies to report more of their leases as assets and liabilities may encourage businesses to structure shorter-term rental agreements that could hamper the ability of lessors to predict cash flows, according to ...
(May 21, 2013, Bloomberg)
Accounting News Roundup: Grilling Apple; IRS, Round 2; Bush Tax Cut Fail ...
(May 21, 2013, Going Concern)
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