When starting a business, you must determine your method for accounting and paying taxes. The two choices are the cash method and the accrual method. Cash Method The cash method is probably your best accounting…
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7 Inflation Tips
Inflation can eat up your savings and plans for the future. However, you can take steps to protect yourself from inflation. Consider these tips to protect your finances: Understand purchasing power. Purchasing power refers to your…
Green Investing – Avoid Greenwashing
What constitutes a green company? Your answer may vary from investor to investor. Green investing involves putting investment dollars into environmentally friendly companies. Some might only consider companies that address environmental issues. A company that produces solar…
Employee Payroll Tax – What You Need to Know
Employee taxes can be among the most difficult-to-understand areas of running a business and hiring employees. If you don’t understand the complexities involving employee payroll tax, it can also get you into a heap of…
How To Vacation on a Budget
Vacation spending has a way of getting out of control quickly. Setting up a budget and sticking to it is the best way to ensure that your vacation spending doesn’t haunt you for the months…
GAAP Basics
While many businesses assume that generally accepted accounting practices bind accountants and that these are inviolate, nothing could be further from the truth. Everything is subject to interpretation, and GAAP is no different. For one…
What You Need To Know About Tax Preparers
Nothing leads to more gnashing of teeth than the thought of preparing your taxes. Fortunately, there are people out there that do it for a living. Here Are My Receipts If the thought of preparing…
How To Create A 7 Step Debt Repayment Plan
When you don’t take steps to repay debt, it can grow into a force to be reckoned with. The reason is that debt collectors often assess additional fees and interest on the debt you owe,…
What Are The Differences Between Federal and Private Student Loans?
For most families, student loans are a big part of college education financing. While student loans are easy to get, they aren’t as easy to understand. There are so many payment plans, variable interest rates,…
Money Tips For Parents
The importance of money becomes apparent when we have kids. We could have squeaked by living paycheck to paycheck when it was just ourselves, but now that there are others to think about, we have…