Understanding credits and debits
Way back, after proudly surviving my first formal accounting classes, I was challenged by a CPA buddy of mine (Tom K) with a mind numbing quiz. If you are so smart Mr. Tim, then let me know, what’s a debit and what’s a credit? I proceeded to launch into a wonderful and lengthy rationalization of debits and credits. Continue reading
Useful tips on business Tax credits
Do you understand the difference between a tax reduction and a tax credit? This story should explain the difference. A self employed customer ( let’s call her Debbie ) came to me to prepare her tax return. She was quite upset as she had a balance due of $400.
She could hardly stand the idea of paying the governing body any additional money. Continue reading
Many people treat credit card as one of their expenses, something that costs them money. Many people refuse to take a credit card just because they feel they can not afford to have one. Thought, once the credit card will pay more.This is completely wrong.
Here are simple rules to follow when considering the transfer of balances of credit cards: 1. Determine how long the 0% or low interest rates are valid. Often, credit card companies offer low or no interest to attract customers, but the offer has a time limit... 
Fees by credit card is the same as throwing your money. Late credit card payments can also hurt your credit score. The payment tips and strategies here will show you how to avoid these costly fees. When the process of credit card companies credit card payments,