Category: Accounting

The concept of fractional yacht ownership is not entirely new. If you’re interested in owning a yacht, you may have heard about it one time or another. Fractional Yacht Ownership should not be confused with Timeshare. With fractional ownership, you have equity in the asset and interest which means you are an actual owner or…

‘He doesn’t really want to share the care of the kids; he just wants to get at me!’ ‘She doesn’t see what this is doing to the kids; we don’t communicate any more…’ ‘We were doing fine with sharing the kids’ care till I re-partnered…’ Familiar words from separated or divorced parents – as a…

How can Canadian business owners and financial mangers secure working capital financing and cash flow financing for their business at a time when it seems that access to business financing provides significant challenges? The answer is that a potential solid solution exists by the name of an ‘asset based line of credit ‘otherwise what we…

It is good enough to say that time is not loyal to anyone. Investment decisions in the current market scenario have to be taken after a careful analysis. Your decisions should not leave you red faced at the end of the day when you need your invested money so importantly. An acute perception of the…

Working capital loans can be used to help companies pay for their operational costs. The net capital is also defined as the difference between a business’s current assets and liabilities. It’s the amount of money the company has currently as its disposal to pay for daily and immediate expenses. If you are having trouble meeting…

The proper planning and formation of the FLP is critical, but there are certain events that must be avoided or you might risk invalidating the FLP. If the person or persons transferring assets into an FLP is in a terminally ill situation, the IRS can invalidate the FLP as it is seen as a way…

In the rush to embark on a new entrepreneurial adventure, people often overlook the importance of taking the time to select the proper entity in which to structure their business. Selecting the proper entity has both tax and non-tax implications that require every business owner to engage in proper planning and consult with tax and…

Financial accounting is providing information such as balance sheet, profit and loss accounts for taking financial decision. It could be produced in front of the external agencies like government department, income tax authorities, shareholders, as well as creditors who analyze the financial strengths and weaknesses of a company. Financial accounting services include only the monetary…