Accounting Period is the time frame for which financial statements are prepared. This period may be a year, a quarter, or a month. The length of the period depends on the type of business. Generally, a shorter period is used for a more volatile business and a longer period is used for a more stable…

Accountants are the backbone of any business. They look after the finances of the business, making sure that its financial filings are in order and its taxes are paid.  But when it comes to the day-to-day accounting of a business, a larger business will have its own in-house accountants. SMEs or small and medium-sized businesses…

When it comes to taxation, accountants are the key to your business’s success. They are more than just bookkeepers; they are your business advisors who provide advice and support on tax matters.  This blog showcases the need to work with a skilled accountant who will not only act like a bookkeeper but also serve as…

Income tax is a subject that is confusing and complex for most people. It is also a topic that they don’t like talking about at all.  Some people may like talking about tax. However, most people abhor the subject. This is because it is confusing and complex. Everyone has their own method for dealing with…

Real estate investing is one of the most sought after ways to invest. It is not the only solid investment out there, but in some ways, it is the safest. It is also a very complex and tedious process and can also be very lonely.  A lot of investors find it hard to get the…

Generally, when companies think of liabilities, they think of how they can reduce these. But, liabilities are not always bad. In fact, companies often have liabilities that will work in their favor. In the long run, liabilities can actually make companies stronger. Companies generally have three liabilities: fixed liabilities – which are the debts of…

Real estate has been a popular investment choice for a long time now. Investing in real estate is quite popular and well known. However, while many people invest in real estate, not many people know how to invest in real estate.  This blog will take a look at some smart strategies that can help you…

This may sound straightforward enough, but many business owners do not actually realize how much they are spending. They will see a few bank statements and think they know how much they are spending, while they have no idea how much they should be able to spend.  All too often this leads to poor cash…

If you are starting a business, the last thing you want to do is worry about taxes. But whether you are an entrepreneur or a growing company, proper tax planning can make doing your taxes much easier – and keep the IRS happy!  If you file your taxes responsibly, you’ll spend less time dealing with…

If you own a small business, you are eligible for a number of deductions to help minimize your tax liability. While you cannot deduct all of your expenses, some are fully deductible. Understanding the deductions available to you can help you make more informed business decisions, save money and potentially pay less taxes. Therefore, it…