Category: Entrepreneurs

Financial planning 101: Investments

Commodity futures contract   Before we delve into the details of commodity futures, let’s first define a commodity. A commodity in economics is a basic good that is considered the same regardless of who produced it. With grain, for example, would you really be…

Accounting Outsourcing: The Nitty-Gritty that you need to know

Are you dreading about clearing the accounting and bookkeeping work which has piled up in your desk in view of the approaching tax season? Simply opt for accounting outsourcing to deal with the issue with ease and perfection. This is the simplest way for…

2020 Personal Income Tax Changes You Need To Know

When you look at your household budget, the amounts you’re spending on mortgage/rent, transportation and food are usually top of mind. While all those expenses certainly matter, something else you should keep a watchful eye on is income tax. It’s the single biggest expense…

Accounting Methods – Cash and Accrual

When starting a business, you have to determine the method you are going to use for accounting and paying taxes. The two choices are the cash method and the accrual method. Cash Method If you are looking for simplicity, the cash method is probably…

Stop Thinking Of Your Goals As Resolutions

Did you make a New Year’s Resolution this year? Why not ditch the resolutions this year and make some smart goals you want to reach instead. There are a couple of reasons why resolutions may not work well for you. If they do, great….