Category Archives: Finance

5 Best Options For A Small Business Working Capital Line of Credit

There are many options for small businesses to obtain working capital lines of credit. These lines of credit enable small businesses to cover gaps in cash flows and seasonal cycles. Unlike many other funding options, working capital lines of credit only require the receiving business to pay back the money they use. As a business owner, working capital lines of ... Read More »

5 New Lease Accounting Rules For Lessors

In 2016, the US federal government changed the accounting standards for lease agreements. These new standards, going into effect in 2020 and 2021, present several challenges for lessors. In order to keep their books in compliance with the new rules, lessors have to change several aspects of their recording process. To do this, they must first familiarize themselves with the ... Read More »

What Is A Medigap Policy Coverage In Medical Costs

Medicare supplementary insurance, or a medigap policy, can bridge any gaps in existing medicare coverage. For additional monthly premiums, there are various policies available for those in retirement. Typically, Part A, B, or C policies correspond to different costs and levels of coverage, with some parts designed for specific coverage goals. To understand the costs and opportunities associated with a ... Read More »

5 Professional Debt Repair Options That Improve Credit Scores

There are many ways to perform debt repair and improve credit scores professionally. Various lenders and financial institutions use your credit score to determine your likelihood to make on-time payments. Therefore, a low credit score prevents access to financial options such as loans and credit cards. Of course, higher levels of debt will negatively impact your credit rating. Repairing your ... Read More »

A Comprehensive Beginner’s Guide To Small Business Accounting

There are several fundamental guidelines to small business accounting. Most entrepreneurs and business owners have many other priorities don’t go into business for the joy of keeping their books. Accounting is likely the last thing on your list of priorities. However, it is essential to keep track of your income and expenses to stay in business. According to studies, almost ... Read More »

How Tax Software For Business Improves Financial Efficiency

Tax software for business uses various features to improve the financial efficiency of many companies. You can use these software platforms to file electronic returns and store tax related documents. Additionally, many programs provide features that determine exemptions, integrate with other accounting software, and sync with company accounts. As an accounting professional for a business, these tax solutions offer user-friendly ... Read More »

How To Settle Your Tax Debt With The Offer Of Compromise Program

There are several steps to settle your tax debt with the Offer of Compromise (OIC) program. Using this IRS program, taxpayers who cannot pay their debt can settle their bill for a reduced amount. This program is beneficial for individuals facing financial hardships as well as those who are unable to pay their owed amounts. As a taxpayer with an ... Read More »

Before You Borrow, Read The Pros And Cons

When you are looking for loans in Canada, you will have a wealth of options at your disposal. However, these will all pretty much boil down to being in one of two categories; traditional bank loans, or private lenders. Which loan type is right for you? Let’s take a look at the pros and cons of each of these loans. ... Read More »

What Do Bookkeepers Do For Small Business Owners?

Fi There are several tasks that bookkeepers do for small business online. Typically, bookkeepers manage a number of tasks including meeting invoice deadlines, managing payments and processing payrolls. They perform many of day-to-day tasks that can take time away from a small business owner’s regular activities. They might even understand the accounting basics for small businesses. As a small business ... Read More »

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