An Introduction To Tax Planning For Real Estate Pros
Tax planning is essential if you want to ensure that your income tax return is filed quickly, effectively, accurately, and painlessly. Through careful tax planning, you can have everything you need to file your income tax return at your fingertips whenever you are...
An Introduction To Tax Deductions For Real Estate Pros
Income tax time can be a dreadful season if you are not aware of all of the income tax breaks you can get through income tax deductions. It is essential to understand what is tax-deductible so that you can get as large of a tax refund as possible. Probably the most...
An Introduction To Securities
Investing in securities is a great way to plan for your financial future. There are a variety of securities available to invest in. But before you invest your money into securities, there are several things you should know about investing in securities, including the...
The Basic Guide To Profit & Loss
Different fields of study use specific terms that are not easily understood by others. If you're an accounting student or a professional accountant, you know the different terms used in accounting. One general term is profit & loss. So, do you know what the term...
Accounting Software for Real Estate – Why It’s Important
You're mistaken if you think starting your own business is a cakewalk. Aside from developing suitable products and services, you still need to sell them to the market. One of the essential factors in running a business is effectively managing finances. The language of...
Why Does Accounting Matter?
It might seem obvious, but it's essential to understand how the business makes a profit in managing it. A company needs a good business model and a reasonable profit model. A business sells products or services and earns a certain margin on each unit sold. The number...
What Happens During An Audit?
If a business breaks the rules of accounting and ethics, it can be liable for legal sanctions against it. It can deliberately deceive its investors and lenders with false or misleading numbers in its financial report. That's where audits come in. Audits are one means...
Major Types of Accounting Fraud
Accounting fraud is deliberate and improper manipulation of the recording of sales revenue or expenses to make a company's profit performance appear better than it is. Some things that companies do that can constitute fraud are: --Not listing prepaid expenses or...
The Role of the Independent Auditor
Independent CPA auditors are like referees in the financial reporting arena. The CPA comes in, audits the business's accounting system and methods, and gives a report attached to the company's financial statements. Publicly owned businesses must have their annual...
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