Accounting

How To Set Up A Trust

When you create a trust you transfer all of your assets, securities, properties, bank accounts,  and real estate to one or more persons whom you “trust”.  You no longer own these assets, the “trust” does.  You still have access to all these assets while you are alive.  You instruct your trust to pay out all […]

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8 Commonly Missed Tax Deductions

There are many different types of expenses that count as tax deductions that are commonly missed by average people.  Of, course, it is necessary to keep all relevant receipts to provide proof of the incurred expenses. The following is a list of the top 8 commonly missed tax deductible expenses: 1.  Moving Expenses for First […]

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Common Mistakes In Small Business Accounting

In small businesses and firms, simple bookkeeping is the main way to record financial transactions. These transactions include sales, purchases, income and payments that are conducted within a business. The management of accounts through manual bookkeeping can be a time consuming task. Besides, if the employee in charge of bookkeeping does not have a sufficient […]

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How To Do Bookkeeping For A Small Business

Bookkeeping refers to recording financial transactions such as sales and payments. Although many small businesses skip this process to focus on their sales, it is one of the most important aspects in a business. The basic reason for bookkeeping is to manage the finances of a business. Bookkeepers who record daily transactions can determine which […]

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