All About Owners Equity

Owner's equity, also known as shareholders' equity or stockholders' equity in the context of corporations, represents the residual interest in the ass...
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Tips on tax reduction for businesses

Reducing taxes for your business legally and ethically is a sound financial strategy that can increase your profitability and cash flow. Here are some...
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What is GAAP?

GAAP stands for Generally Accepted Accounting Principles. It is a set of standardized accounting principles, procedures, and guidelines used in the Un...
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Must Follow Golden Bookkeeping Rules

Effective bookkeeping relies on several fundamental principles that can be considered "golden rules" for managing financial records accurately and eff...
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tax preparation

Common Errors in Tax Preparation

Mistakes can happen when you're preparing your taxes, even with all the technological automation on hand. A good way to avoid the oversight is to keep...
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