Expecting your first child is an inspiring event, and the financial aspect of raising a child is probably not the only thing you have on your mind. However, having a child means you’ll soon have some new responsibilities, including preparing for your new arrival from a financial point of view. Many new parents need to… Continue reading 5 Things To Plan For When You Are Expecting
Category: Finance
7 Home Improvement ROI Tips
Home improvements are exciting. An extra room or a new pool is something that anyone could be happy about. But many home improvements are poor decisions from a financial perspective. It’s not always obvious which home improvements make the most sense financially. Some of the worst home improvements in recouping costs are the most popular.… Continue reading 7 Home Improvement ROI Tips
7 Tips To Find The Right Life Insurance Agent
Is it true that a good life insurance agent is hard to find? At some point, most people in the United States will face the specter of purchasing life insurance. And when it comes to buying something so crucial to the lives and protection of your family members, you need a good life insurance agent who… Continue reading 7 Tips To Find The Right Life Insurance Agent
Financial Expert Witness Services – What Are They?
When it comes to financial matters, having an expert witness on your side can be invaluable. But what exactly is a financial expert witness? In short, a financial expert witness is someone with experience and expertise in finance which can provide testimony in legal proceedings. Financial expert witnesses can offer insights on everything from accounting… Continue reading Financial Expert Witness Services – What Are They?
4 Key Financial Habits For Long-Term Success
One of the many keys to effectively changing your life is prioritization. Everyone has limited resources, whether those resources are time, money, or energy. Since you’re likely limited by your time and energy, it only makes sense to focus your resources on creating those financial habits that will impact your situation the most. Try this… Continue reading 4 Key Financial Habits For Long-Term Success
Do You Need Personal Umbrella Insurance?
If you prefer to plan for anything unsavory that might happen to you financially, you might want to consider purchasing umbrella liability insurance. Umbrella liability insurance can protect your assets from large claims or lawsuits. Review these elements of an umbrella liability insurance policy. Maybe the time is right for you to obtain an “umbrella”… Continue reading Do You Need Personal Umbrella Insurance?
Is Workers’ Compensation Taxable?
Workers’ compensation benefits cover you if you’ve suffered a work-related injury or occupational sickness. You may wonder if you’ll have to report these benefits on your tax return and pay taxes on any settlement or award you receive. The answer depends on the specifics of your case, but in general, a workers’ compensation settlement is… Continue reading Is Workers’ Compensation Taxable?
What Is Accounting?
Accounting is recording, classifying, and summarizing financial transactions to provide helpful information in business decisions. Italian mathematician Luca Pacioli laid the foundation for modern accounting in 1494 when he published a book describing double-entry bookkeeping. Accounting has evolved since then, but the basic concepts remain the same. In this blog post, we’ll take a closer… Continue reading What Is Accounting?
What Is the FASB?
The FASB is one organization that provides standardized guidelines for financial reporting. The Financial Accounting Standards Board’s (FASB) mission is to establish and improve financial accounting and reporting standards for the guidance and education of the public, including issuers, auditors, and users of financial information. Accounting standards are essential to the efficient functioning of the… Continue reading What Is the FASB?
What Are The Parts Of An Income Statement?
The line reporting sales revenue is the first and most important part of an income statement. Businesses need to be consistent from year to year regarding when they record sales. For some businesses, the timing of recording sales revenue is a significant problem, mainly when the final acceptance by the customer depends on performance tests… Continue reading What Are The Parts Of An Income Statement?