Bookkeeping is the art of tracking money; where it came from and where it went to. That is all there is to it. A simple transaction involves 2 accounts. The ‘from’ account and the ‘to’ account. This is what the concept of double-entry is all about. Trained bookkeepers and accountants use the term ‘credit’ and [...]

Filed under: Accounting

Every month there is usually news of an accounting scandal to two. You many have heard about investors being defrauded or accounting fraud. What is accounting and what really is accounting used for in business? And why should someone care about accounting irregularities they hear about? This article will explain to you why accounting is [...]

Filed under: Accounting

Taxpayers have two options when filing a national or state income tax return. Taxpayers can have their tax returns professionally prepared or they can prepare their own taxes. Whatever tax preparation option an individual chooses, it is likely they will have a number of tax questions. To find the answer to a tax question many [...]

Filed under: Tax

A frequently asked question for a financial advisor is “How much money do I need to be able to retire?“The answer is both simple and complex.To get a real understanding of this question, you need to understand the concept of “wealth equivalents.”What are “wealth equivalents?” A wealth equivalent is the value of investments that, if [...]

Filed under: Finance Planning

You can always apply for short term cash loans no matter what your credit report says. This is because lenders are not interested in knowing much about your past. Instead of making investigations about what went wrong with you in the past, they are satisfied if at present you have a stable job and earn [...]

Filed under: Loans