What is a Traditional IRA?
When talking about saving for retirement, plenty of questions come up. A pretty popular one is, "What is a Traditional IRA?" There are many ways that people can save money for retirement. One of the most popular is through the use of an Individual Retirement Account,...
How Small Business Expense Reports Prevent Employee Theft
Company owners need to be especially cautious in preventing employee theft when their operations involve the use of small business expense reports. According to the Association of Certified Fraud Examiners (ACFE), expense account fraud by employees was estimated at an...
Accountable vs. Non-Accountable Expense Accounts
There’s no doubt that in order to make money, you need to spend money. However, when it comes to taxation, the way that companies choose to spend their money can make a huge difference. Depending on how a company structures their work-related expenses will affect not...
The REAL Origin of the Terms Bear Market and Bull Market — REVEALED!
Why "Bear Market" and "Bull Market"? There are plenty of theories about how the terms bull market and bear market came to be, but the only definitive answer is this: there is zero proof that any one reason is more or less valid than the other, because the terms are...
The REAL Origin of the Terms Bull and Bear Market
What Does "Bull and Bear Market" Mean? Before we get into the real origin of the terms bull and bear market, let’s lay the groundwork regarding what they even mean in the first place. Both bull and bear markets are long-term conditions of the stock market, describing...
What is Short Selling?
Before we can talk about what short selling means, let’s hammer out the details about buying and selling stocks in general. A publicly traded company is one that offers its securities, which are stocks/shares/bonds/loans/etc., for sale to the general public. This...
What is a Hedge Fund?
When you’re are looking for ways to invest your money, it’s important to explore all of the options that are available to you. Traditionally, most people default to investing in stocks and bonds, but those aren’t the only means by which you can invest. But exactly...
Why C-Class Mutual Fund Shares are a Short Term Solution
We’ve spent the last few weeks taking a fairly in-depth look at mutual fund share classes. From our initial definition of mutual funds, to our explanations of mutual fund A-Class and B-Class shares, we’re finally coming to a close with C-Class Mutual Fund Shares. So...
How B-Class Mutual Fund Shares Work
Last week, we started digging a little deeper into the classes of mutual fund shares, trying to decipher the details that differentiate them from one another. To recap, we discussed mutual fund “A” shares, which have lower recurring fees (such as 12b-1s), but require...
Strategies to Combat Identity Theft During Tax Season
Each year, about seven percent of tax-paying Americans fall victim to identity theft, the fastest growing crime in the nation. To combat identity theft today, Americans are taught to protect their personal information with a lock-and-key. As a result, many taxpayers...
Your Blueprint to Financial Success – Hire the Right Contractor Accountant
Opening up a business as an independent contractor can be an exciting ordeal. After many long years of exams, countless apprenticeships and some real world experience you finally get to call your own shots. You get to take the projects you want to do and, at the end...
The 40 Simple Tax Deductions You Probably Don’t Know About
Everybody seems to know what tax deductions are but, if you were to ask them what deductions they qualify you’ll more than likely be met with silence. With the constant shift of government legislation year after year it can be difficult to define what you qualify for...
These 3 Small Business Tips For Landscapers Could Save You Thousands this Season
While winter may be a bit of a down season for landscapers in terms of physical work but, that doesn't mean it has to be entirely unproductive. It's tax season which means you're probably working together with your office manager or your accountant to make sure your...
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