Our Financial Blog

Stay updated with the latest financial news, trends, and tips to minimize your tax liability.

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Aug 18, 2022
Creating a System for the Accounting Process in Your Business

Creating a System for the Accounting Process in Your Business

From all of those little day-to-day operations to onboarding new workers, it's easy to see the advantage of systems in streamlining your business accounting tasks. However, starting from the bottom can be disheartening. There are so many various ways, applications,...

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Jul 21, 2022
Accountants

How Accountants Can Help YOU Make Better Business Decisions

Accounting allows a company to have complete control over its finances while minimizing corporate taxes and other expenses. People having the ability to operate a firm may not have the knowledge or hunger to handle accounting – and they surely will not have the...

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Jul 18, 2022
How Does Tax Work on Pension

Accounting Guide: How Does Tax Work on Pension

Like your shadows under the sun, taxes are unavoidable. They are like the air we all breathe every day. So, what exactly are taxes? According to Investopedia, "taxes are mandatory contributions levied on individuals or corporations by a government entity—whether...

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Jul 7, 2022
Understanding Interests

Accounting Guide: Understanding Interests

What are Interests? Bought a piece of equipment under installments and wondered why it costs more than paying for it in one go? That right there is what we call interests. No, we're not talking about preferences. In accounting, interests are compensations that a...

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Jun 25, 2022

Accounting 101: Debunking Top Tax Accounting Myths

Filing your tax involves a lot of work, patience, and experience. First-timers may get intimidated by the numbers and all of the documents involve in accomplishing their tax return. It definitely helps to work with a professional accountant or a tax expert to...

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Jun 11, 2022
Different Types of Dependents

Accounting Guide: Different Types of Dependents

In tax planning or when you are filing your taxes, a dependent is someone for whom you are providing substantial financial support during the tax year. There is a set of criteria that one must meet to be considered a dependent. Some of these things include their...

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May 26, 2022
Difference Between Taxable and Non-Taxable Income

Difference Between Taxable and Non-Taxable Income

People need to pay their taxes so that the government can keep the country running. Your tax money pays for the military and police, education service providers, healthcare, and the maintenance of roads, bridges, sewers, and more. What are Taxable and Non-Taxable...

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May 7, 2022
Tax Fraud

Tax Management Tips: Ways to Handle Tax Fraud

No matter how challenging it is to prepare to file your tax returns or earn the money to pay the IRS-- never attempt to escape your tax obligations. Intentionally avoiding paying your tax is considered tax fraud. Some acts that can be considered tax fraud include...