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Accounting and Tax Guide (Page 8)


A Simple Guide to Teach Your Children Responsible Use of Debit Cards

A Simple Guide to Teach Your Children Responsible Use of Debit CardsMoney management is one of the hardest yet most necessary teachings that the parents could give to their children. Most of the parents use debit cards to help their children manage money. However, most of them are afraid to put a debit card in the hands of their children. While you should not let your children have unlimited access to your debit cards, you need to teach them the ways they can handle their Spendsafe debit cards responsibly. The best... ❯❯❯

How Much Should You Be Paying for Your Accounting?

Financial management is not something that should break the bank. However, it can be tough to figure out whether your accounting costs make sense or not. Even for companies of comparable sizes that fall under the same industry, their accounting costs can differ greatly.  In 2015, SCORE (a non-profit business organization) estimated that the yearly accounting expenses for small businesses hover around $1,000. About 23% of small businesses spend less... ❯❯❯

The Essential Things to Know About Tax Audits in Dubai

Approved auditors in Dubai are in high demand after the new Value Added Tax (VAT) law was established in the United Arab Emirates (UAE) in 2018. Two years later, the rules and regulations for companies across the UAE are clear and in place, meaning there is no justification for not abiding by them. As a way of ensuring that businesses across the country are paying the required taxes, the government has implemented a system of tax audits that assesses... ❯❯❯

ABLE Accounts - What Are the Advantages of an ABLE Account?

Families that have children with special needs face innumerable challenges regarding their education/vocational training, therapy, skilling, safety, physical and emotional health. Added to this, one of the worries that continues to haunt them throughout their life is how the person with a disability will cope in the future. Persons with disabilities face additional costs for care, mobility, transportation, nutrition, etc. The US Government has taken... ❯❯❯

Should You Take Out Personal Loans for Your Company?

If you go through the website of a bank or any other private lender, you will come to know about the various types of loans that they offer. One of these is a personal loan. This type of loan is normally used by a person to pay off credit card debts that normally bear a large interest rate, home improvement projects, and even some unexpected expenditures. You will be surprised to know that there are some personal loans that can also be used for business... ❯❯❯

5 Key Differences Between ERP Systems and Accounting Software

5 Key Differences Between ERP Systems and Accounting SoftwareIf you're mulling over whether to buy accounting software or an Enterprise Resource Planning (ERP) system, it would be wise to consider their differences. Some small companies may opt for accounting software for fear that a more integrative platform like an ERP could require a needlessly lengthy deployment with little ROI. Yet, such doubts can easily be dispelled since businesses are realizing that with increasing competitiveness a company can't afford to... ❯❯❯

How Boston Businesses Can Manage their Finances Better

How Boston Businesses Can Manage their Finances BetterWhile we regularly spotlight different businesses around Boston, we felt it prudentunder the current circumstances to provide some thoughts on the financial side too. After all, money is the lifeblood of every business and when that dries up, the company is likely to struggle unless the situation rectifies itself. Royalty-free image Here are some thoughts on how the Boston business community can manage financial bumps in the road or handle unpredictabl... ❯❯❯

Know Everything About Refinancing Your Church Mortgage

When your church is looking for complete financial freedom, you need to see your church mortgage from a new perspective. It's time to ascertain whether you want to continue with the current mortgage or need refinancing for the loan. Refinancing is an excellent option when you need increased cash flow for managing ministry activities every month. Here's everything to know about refinances before you go for it. Why Do You Need Refinancing on Your Church... ❯❯❯

4 Qualities of a Successful Online Business Owner

Many people want to start and run a business to achieve freedom and success. However, not everyone who starts a business will be successful with it. Whether you want to start a business selling vape fluid, or you'd prefer to offer consulting services, you need to have a few qualities of successful online business owners. You can learn some of these things, so don't feel discouraged if you don't have all of these qualities. They Manage Their Time ... ❯❯❯

Tips for Securing Lower Car Title Loan Payment Rates

A car title loan delivers quick cash without compromising your mobility. The approval is fast and doesn’t need a good credit score to check out. With a solid repayment schedule, this can be a good way to get out of a crisis. On the flip side, a car title loan can be a risky undertaking. To begin with, the repayment period is relatively short and bears high-interest rates. If you don’t manage to make the payments in time, the loan will roll over to the... ❯❯❯

Automate Tasks, Not Jobs: The Impact of AI on Modern Accounting

Though it’s often viewed as a threat to job security, automation is quickly taking on an important role in a range of industries. Now, it’s poised to disrupt another field: accounting – and AP professionals aren’t quite sure what to think. Due to the intricacies of the profession, some accountants may doubt the viability of automating important duties or introducing new tech into their workflow. But the good news is that automation can simplify many... ❯❯❯

Can my car be a write-off from hail damage?

Storms are a part of the Aussie life. However, some storms can cause more damage than others, such as a hail storm.  If you are unlucky enough to be a custom to hail storm damage, you will find that the world of automotive hail damage is a unique one of its own. Firstly, hail damage rarely happens to vehicles. Secondly, a hail damage write off can be a tedious process, taking longer than most normal write offs.  As a result, dealing with hail damage car... ❯❯❯

A Contractor’s Guide to Tax

You don’t have to be new to the self-employed to find contractor tax confusing. Even the most experienced contractors can be overwhelmed by the different rates, allowances and types of tax.  With expenses, percentages and different tax bands to cater for, there’s a lot to take into account when working out what you owe. And, with it being such a hefty annual figure, it’s an important thing to work out well in advance to ensure you don’t get caught out at... ❯❯❯

Why is a Forex Trading Course Essential to Beginner Traders?

Most Forex traders struggle because they run long before they could even walk. You could be excited, but it does not suggest that diving headfirst towards trading would get you anywhere. Just like all the other careers, you will need training for Forex trading too. A period of practical schooling followed by months of apprenticeship helps make traders fit for the industry. Here are the three main reasons why a forex trading course for novice traders is... ❯❯❯

How to get unsecured business loans for new startup step by step guide

Unsecured business loans are provided for startups but are rare sometimes. The reason for being rare is that they provide security from the lenders. One should always go through a guide before applying for unsecured business loans. One should always understand how business loans works and the options that are available or even how one can qualify for it. The rate is not fixed and donates the terms. The annual percentage rate itself varies from around 10%... ❯❯❯

Raising Your Credit Score Using Your Credit Card

The trend towards cashless transactions continues to increase over the years. More and more establishments avoid cash transactions, as this makes accounting more convenient and is generally safer than handling cash. Besides, online purchases are increasing as well, making it an absolute necessity for people always to have a credit card ready at all times. Having a credit card, though, can be tricky financially, as improper use could damage your credit... ❯❯❯

Reasons Your Business Needs Life Insurance

Reasons Your Business Needs Life InsuranceLife insurance policies come with a wide array of benefits, not limited to families alone. Such policies also play a significant role in protecting businesses and ensuring their continued operation should the inevitable come to pass. For small businesses, life insurance is paramount to future planning. Life insurance can come in handy in helping businesses break free from traditional bank loans as well as benefit employees and generate tax advantages. ... ❯❯❯

RBL Bank Credit Card - How to Apply Online?

RBL Bank Credit Card - How to Apply Online?In recent years, credit cards have become one of the most popular means of payment across India. According to data compiled by the Reserve Bank of India, there are currently 48.9 million active credit cards in circulation (as of August, 2019), almost a 10 million increase since last year. Such staggering growth is largely credited to the convenience these alternate modes of payment have to offer, along with the availability and ease of application... ❯❯❯

7 major Provocations While Filing GSTR-9: Know the Whole Process Here

7 major Provocations While Filing GSTR-9: Know the Whole Process HereGSTR-9 signifies Goods and Services Tax Return filing that a registered taxpayer has to submit every year, irrespective of their annual turnover. It primarily consists of information on taxes paid; Input Tax Credit earned and availed, details of inward and outward supplies, claimed refunds and demands as per the GSTR 9 format. GST Returns – 9 carries all the income and expenditure details for that particular financial year, combining returns like... ❯❯❯

5 Things You Didn't Know your Business Needed

5 Things You Didn't Know your Business NeededStarting your own business is a lifelong dream for many. It is not that great of a challenge in starting out as an entrepreneur. The biggest issue is how to sustain your small business venture. Well, it is known that a chain is no stronger than its weakest link. This translates into, the minor details that the owner of a business fails to notice or even ignore are the ones that affect the business negatively in a massive way. Why ignore such things yet... ❯❯❯