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Accounting and Tax Guide (Page 11)


Two Insurance Products you Never Knew Existed

According to recent research conducted by the Association of British Insurers (ABI), financial service providers in the UK are now paying out a staggering £187 million each day to claimants. This represents a huge sum of money, while it also offers a fascinating insight into the diverse and often complex nature of the insurance industry and its individual products. There are a host of insurance products that the majority of consumers are entirely... ❯❯❯

Is the taxi business for you?

Are you sick of calling up your local taxi firm on a drizzly Saturday night, only to have the line ring constantly engaged? Do you dread getting into the car with a man who persists in chewing your ear off and then charges you for the pleasure of hearing his worldly insights? Maybe following these mishaps, you had a light bulb moment and uncovered a big fat gap in the market. Things to consider Do plenty of research to begin with. What exactly are the... ❯❯❯

Online Tax Laws and Paypal: What You Need to Know

In 1998, Congress promised to keep the internet tax free when it passed the Internet Tax Freedom Act. However, that promise was quickly forgotten, just a few years later, when Senate approved online tax legislation. This law states that, starting in 2011; online sellers would have to report their sales information to the IRS for taxation. This created a huge inconvenience for many vendors and their online clientele. Summary of Online Tax Legislation ... ❯❯❯

Explaining "Hybrid Debt"

Hybrid debt is used by investors to describe securities that flow back and forth between debt and equity. It is not actually any form of debt at all, it is just a preferred investment instrument used by investors to help businesses expand and grow. (If you are taking any business intelligence courses, this may be discusses in the financial section of the teaching.) Hybrid debt, like any other debt, is used by businesses when investors invest in the... ❯❯❯

The benefits of a theatrical approach to management training

Drama has provided a form of entertainment across many different cultures and time periods, but it's also frequently used for much more. The theatre turns a spotlight on the human condition and many practitioners have used this spotlight to educate and inform as well as to entertain. Plato was philosophising and educating through drama as far back as the 4th Century BC, while a Saxon nun named Hrosvitha wrote plays to educate her largely illiterate... ❯❯❯

Top 5 Accounting and Tax Planning Tips for Small Businesses

Chances are you started your small business because you accrued years of experience in a certain market and found you were seriously good at your job. Perhaps you continued to get raises and new titles, with more responsibility and additional people reporting directly to you. But at some point you realized you could take that experience and start making those millions for yourself instead of some corporate shareholders. If you successfully pair a great... ❯❯❯

A Guide To Conveyancing

A conveyancer or appropriately licensed solicitor is the person responsible for the legal transfer of the title of properties from one person to another. There are two key stages to the process: the exchanging of contracts, which transfers the ‘equitable title,’ and the completion – at which the ‘legal title’ is passed over. To buy a property, it is essential to ensure that the seller has the full ownership of the property and... ❯❯❯

Basics of mortgage calculation – Essential steps for you to follow

Doing proper calculations before taking out a mortgage loan is extremely essential. All the calculations will help you to get an idea about how much you can afford to borrow as a home loan. There are interest rates that your lender will charge, processing fees and some other loan related expenses that you’ve to manage as part of your mortgage loan. There are numerous mortgage calculators that you can use to calculate a mortgage and realize... ❯❯❯

Why Forex Trading Could be your Way to Create an Extra Income

In these austere times more and more people are looking for new ways to make money, for ways to diversify their income streams. Let’s face it, even people who are financially comfortable wouldn’t usually say no to another income stream and one route that is increasingly popular is forex trading. What is forex trading? Forex trading is trading on the foreign exchange market, on the changes in value of different currencies. For people in the... ❯❯❯

5 Benefits of Cloud Accounting Systems

As technology continues to evolve, so do the ways entrepreneurs harness it to streamline their business practices. The emergence of the internet as a primary form of modern communication now allows even the smallest business to tap into a nearly limitless pool of potential clients. Mobile technology gives companies the ability to manage daily tasks from the road at any time of the day or night. And cloud computing fills in the gaps for remote productivity,... ❯❯❯

5 Tax Write-Offs That Every Homeowner Should Be Aware Of

You’ve probably heard that owning a home entitles you to all kinds of breaks come tax time, but you might not have the foggiest notion of what write-offs you’re eligible for. While there are a lot more than five out there, and you should definitely discuss your options with a professional tax prep specialist, here are just a few that you should know about from the get-go. Mortgage interest. You can’t write off your monthly mortgage... ❯❯❯

Tax Efficient Investments in 2013/14

Investing wisely is about more than just putting money away on a regular basis. It’s also about more than just finding the savings account or investment opportunity that offers the highest interest rates or ROI. Wise investors should always take into account the tax limitations of each particular tax year, from April to April, in order to make the most of each investment opportunity. This is because, with the majority of investments, you will need to... ❯❯❯

An Introduction to Binary Options

Binary options are increasingly popular financial products, which offer an all or nothing scenario. They are available in a number of different markets, and may be known by alternate names, including digital options or fixed return options. In short, the payoff is either a fixed and particular amount of an asset, or nothing. The term binary does of course refer to the fact that there are only two potential outcomes. There is little uncertainty with binary... ❯❯❯

Is Your Garden Harming Your Home’s Value?

With the property market showing some signs of making a recovery, more and more people are thinking about selling their homes and moving into something new. Of course, one of the main considerations is the price you get for your current property, which is why homeowners may spend a considerable amount of time ensuring that their house is the best it can be. While there are obvious home improvements that will increase resale value, many people forget about... ❯❯❯

How Consolidation Can Help You Clear Your Debts

With debt still climbing, interest rates continuing to rise, and wages reaching new lows against the cost of living, it’s no wonder that more people in the UK are struggling with their debts than ever. Debt has become a national epidemic in the UK. The average household has about £5,980 of debt, much of which is also due to personal debt from credit cards, store cards and other debt sources. Living with debt is not only financially difficult,... ❯❯❯

Finance Management

Obviously, money is a huge part of life. Learning how to manage your money the right way is an important step toward taking control of it. Summer is here (apparently), and it’s not always the preferable option to be managing your finances indoors when you want to be out with family or friends. Though, if anything, it’s worth remembering that in these warm-ish months we tend to spend more on road trips and meals out. It’s harder than you... ❯❯❯

Financial Management Tools

Everyone likes to think that they’re in control of their finances. But sometimes, financial management isn’t as straightforward as we would like it to be. This is especially true for those of us who are trying to manage complicated budgets; those with families, for example, or people who are looking for ways to invest their money. But thankfully, there are many different tools available online which can help us to manage our finances more... ❯❯❯

The Good, the Bad, and the Ugly — How Truthful Are Your Books?

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 them... ❯❯❯

Managing Your Money: Depositing Wisely

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, you... ❯❯❯

5 Inspirational Quotes for Accountants

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 weren’t... ❯❯❯