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Accounting and Tax Guide (Page 12)


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... ❯❯❯

What is the Difference Direct Loan lender or Broker?

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 loan... ❯❯❯

Financial Choices That Will Hurt Your Future Retirement

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 not... ❯❯❯

What qualifications do I need to become an accountant?

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 a... ❯❯❯

3 Things to Expect In Your New Credit Card

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 chance... ❯❯❯

How to Find a Reputable CPA for Your Business

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... ❯❯❯

Why an Insolvency Practitioner is Vital

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... ❯❯❯

Contemplating Your Own Business? Adequate Financial Software is a Must!

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 end... ❯❯❯

What Are Auditors?

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, analyzing,... ❯❯❯