Understanding Accounting Terminology

What You Need To Know About Capital Gains

26 October

Capital gains are a fact of life for investors in both long and short-term investments. Even if you do not own stocks and bonds, however, you may owe capital gains. In fact, any capital asset that you sell for more than your “basis” is subject to capital gains tax. Although you may usually  prepare your […]

Planning A Career In Accounting? 5 Paths You Can Choose

20 October

If you’re in high school, this is the perfect time to start planning for your future. You’ll need a career that will provide you with sound financial security. If you’ve been thinking about accounting, you might be surprised to find out just how many career options are available to you. Here are four careers choices […]

Tax Tips You Can Use For Your Small Business

14 October

Accounting is a big part of owning a small business and it’s critical to have everything in order when it comes to tax time. The best thing that you can do as a small business owner is to sit down with a professional accountant to go over all your expenses and go over what you […]

Payroll Service Questions Business Owners May Benefit After Having Adddressed

22 September

Paying your workers is one of the most important tasks that you must do to keep your business running, but this can be an extremely labor intensive task. Fortunately, there are payroll services that can dramatically reduce the work you must do to meet this requirement. Yet, if you have only recently realized that you […]

Tax Deductions – Could Your RV Get You Some Money Back?

21 September

When tax time rolls around, you quickly begin scouring the internet looking for deductions that you may qualify for. If you purchased an RV this year, your purchase could score you some deductions on this year’s taxes. Sales Tax Deduction The sales tax on a big ticket purchase such as this is usually pretty significant. […]

3 Tax Deductions And Credits You Didn’t Know You Could Take

14 September

As tax season approaches, many people are wondering what they can do to save money. Luckily, there are a couple things you can do to make sure that you are keeping more money in your pockets. One of the best ways to do this to properly utilize your deductions. Here are a couple deductions that […]

2 Accounting Tips For Small Home-Based Businesses

10 September

If you recently started a small business in your house, it is important for you to start out right with your accounting activities. Having a business at your home can be convenient, but it can be an accounting nightmare if you fail to take the right steps from the beginning. Here are two things you […]

4 Mistakes To Avoid Making With Your Business Taxes

29 August

When you run a small business, everything is up to you, from hiring employees and managing insurance policies, to payroll and taxes. In terms of taxes, it is important that you understand how much to pay, when to pay, and how often. Avoid these common business tax mistakes. Using the Same Account for Business and […]