Accounting

The balance for the capital account will always be a brought forward credit entry in the partnership accounts, because the capital contributed by proprietors is a liability of the business. When a partnership is formed, each partner puts in some capital to the business. These initial capital contributions are recorded […]

If you’re in a Rhode Island Divorce proceeding you’ll be introduced to a form known as the DR-6. This form requires you to provide a variety of financial information. It must be filed in any new divorce proceeding in the Rhode Island Family Courts and most people find it to […]

Experience an entirely new dimension of trade, which involves investment of little amount with limited risk, and huge profit! It is time to begin trading via binary options. This kind of trading has successfully given ways to the possibilities of earning profit in a matter of hours, with some good […]

If you have a professional license, you may as well wear a sign that says “Please Sue Me.” The general belief of the public is that a profession is very wealthy and highly insured, which leads to an easy payday if they can make a claim that you did something […]

How can Canadian business owners and financial mangers secure working capital financing and cash flow financing for their business at a time when it seems that access to business financing provides significant challenges? The answer is that a potential solid solution exists by the name of an ‘asset based line […]

Whether you are running a business or having your own restaurant, it is your duty to protect it from liabilities. The public who are coming to the office premises can face several problems or accidents due to negligence of employees who are working in office. These results in liability claims […]

In our last article we talked about the alternative minimum tax item, resulting from depreciation of business or rental property. A direct corollary of that issue is the AMT item that results from any subsequent sale or other disposition of such property. Critical to minimizing a taxpayer’s AMT is an […]

Most of us would rather not think about the death of a loved one. Unfortunately, like paying tax, it is inevitable. But what happens when you are the beneficiary of a deceased estate? In this article we discuss the basics of receiving an inheritance: A loved one has passed away. […]