Accounting

If your debts are too high but pride prevents you from seeking protection under Chapter 7 bankruptcy then Chapter 13 may be the option for you. Whereas Chapter 7 allows you to start with a clean slate, Chapter 13 is a repayment plan supervised by the court. If you fall […]

People hear the word “estate” and think that end of life financial planning is just for the extremely wealthy. They could not be more wrong. The extremely wealthy have the knowledge to surround themselves with attorneys and accountants that shield them from the perils of an improperly planned estate. The […]

A negatively geared rental property is a great way to reduce your tax, but some do not take full advantage of the tax deductions available. I have compiled a list of seven ways to maximise your deductions and get the most out of your property: Try and arrange an interest […]

Legal ownership is not the only criterion for classifying something in accounting terms as an asset; for instance, someone buys an item on hire purchase but does not become the owner of that item until the full purchase price has been paid. Nevertheless, the item is still recorded as an […]

By taking a debt consolidation loan secured by your mortgage, you can actually consolidate your high interest credit card debt. When you have the equity in your home as security, you can get lowest rates of interest. Even you are able to select terms that suit your budget necessities. Therefore […]

Not surprisingly, assets are often hidden in a divorce situation. Why – well simply greed, or the feelings of betrayal or anger at the need to divide assets in the divorce, or the fear of not having enough after the divorce all motivate the behavior of hiding assets. In divorce, […]

Commercial mortgage borrowers often ask us how lenders determine the rates that they offer on commercial mortgage loans. There are many criteria that lenders use when determining rates, but lenders will assess the relative risk of a loan when reviewing a loan application. The lower the risk, the lower the […]

Bearing in mind what we expected to find in a sales ledger, we can say typical data input into sales ledger system is as follows. Amendments • Amendments to customer details, ex change of address, change of credit limits etc • Insertion of new customers • Deletion of old “not-active” […]