Many years ago, the great John Paul Getty, who at one time held the title of being the riches man in the world, made the statement, “Lease What Depreciates – Buy what Appreciates”, as a basic philosophy that prudent businesses should follow. Most of us in the leasing industry keep […]
Accounting
How Irrevocable Life Insurance Trusts Provide Protection From Taxes and Liability
Many people don’t realize that the proceeds of a South Florida life insurance policy are added to your estate for estate tax purposes if the policy is owned by the deceased during their last 3 years of life. This is the case for over 90 percent of all life insurance […]
What Is Conveyancing?
Conveyancing is the legal work involved in transferring ownership of a property or land, usually carried out by a solicitor or licensed conveyancer. While a property inspection will identify any potential structural problems, it will not uncover issues that may impact on the property and the land on which it […]
Pot Limit Omaha: How to Play Profitably in 3BET Pots
3BETTING in PLO One of the most powerful things you can do in PLO. Master 3betting. Benefits of 3b’ing: 1. Isolate yourself with weaker opponents 2. More flexibility and more likely to get in a heads up pot. Remember the more players in the pot the less poker you end […]
CPA, ABA, CFP – Which Credentials Matter?
When choosing a professional to help you file your income taxes – whether you are an individual or are running a small business – choosing the tax accountant with the right credentials is key. Flipping through the phone book or browsing through online business listings, you’ll likely encounter a veritable […]
The Legalities of Putting Up A Catering Business: Complying With All Legal Requirements
Choosing the Type of Business Structure As you start offering catering services, you may notice your income increase overtime, especially when you cater to corporate functions. Of course, this is good news to your business, but all your efforts will be for nothing when the governing authority flags you for […]
Annual Reports – Five Keys to Creating an Annual Report For Your Nonprofit
At the start of my second year as an executive director of a housing nonprofit, I thought I had prepared well for my first annual meeting until the day of the event when I realized that we had not produced an annual report as required in our by-laws. Since this […]
The Origin Of Accounting Theory
If it is to be comprehensible and reliable, accounting must be used in accordance with specific rules and regulations. It would be chaos of Babylonian proportions if each person used his own grammar and vocabulary – nobody would understand anybody else. Likewise, it is essential that accounting is used according […]
