Category: Accounting

Every follower is attracted to a leader who possesses these qualities: A – Calling – Few things are as compelling to followers as a clear calling in the life of a leader. Someone who has received and accepted a calling usually possesses vision, passion, energy, and commitment. Having the calling first really helps with the…

It’s that time of year where we review the impact of government debt on individual tax payers. It is important to remember who is on the hook for government’s reckless spending binges. Whenever we hear politicians make campaign promises, they sound like they are spending their money. But government doesn’t have any money, so the…

Introduction: The Financial Accounting Standards Board (FASB) on August, 17, 2010 released their “exposure draft” requiring companies to record nearly all leases on their balance sheets as a “right to use” asset, and a corresponding “future lease payment – liability”.  What does this mean to your business in layman terms?  This proposal in essence does…

The Foreign Account Tax Compliance Act was enacted by the Congress in 2010 as part of the Hiring Incentives to Restore Employment (HIRE) Act to combat tax evasion by US persons holding investments in offshore accounts. The United States Treasury Department and the IRS continue to develop guidance concerning FATCA. The Act generally requires foreign…

Many of you have probably heard the term “asset management” Before, but you may not have an idea of what it really is. Asset management is a broad term. It can be defined as a process that guides the gaining of assets, along with their use and disposal in order to make the most of…

Business owners must have some type of insurance. Most states require any company with employees to buy workers compensation and unemployment insurance. Requirements can also vary by industry. For instance, a real estate agent with a car will likely need to pay for commercial car insurance. If you are running a business, you must make…

Cash for inheritance is an option available to heirs who wish to sell inheritance assets bequeathed to them through a Will or trust. When assets are held in probate it can take several months or years before final distribution occurs. If heirs do not want to wait for estate settlement, they can assign inheritance rights…

Many women have discovered the wonderful products that are produced by the Spanx and Assets Shapewear Company. Although both manufacturers produce slimming shapewear that is adept at accomplishing its intended task, there are differences between the two companies that may influence a woman’s preference for one company over another. Price The first difference exists in…