Small business owners often struggle with the decision regarding which entity form to use for their business activities. Some don’t create any separate business entities others engage in constructing complex corporations. In this paper we will review a specific case…
What Is Accounting? Accounting is “the art of recording, classifying, and summarizing in a significant manner and in terms of money, transactions and events which are, in part at least of financial character, and interpreting the results thereof,†according to…
Hiring an accountant to look after your business finances is a very smart move. Here are our top 5 reasons why you need to hire an accountant: 1)Saves your time and energy Yes, you are able to do the taxes…
Why do we feel much better about having our savings in a bank than we do having it hidden under a mattress? Is it just the fact that they pay interest on some of our accounts? Is it because we…
LIFE INSURANCE TERMS AND DEFINITIONS: insurance – Insurance is a means of protection from financial loss. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss. life insurance –…
This article is a summary of a presentation prepared by Viktor Vasilev, CFA, EA on the topic of how the Tax Cuts and Jobs Act of 2017 affects individual and corporate income taxation. You can download a PDF version of the…
The recent uptrend in real estate prices has put a lot of people in the good position of having substantial capital gain in their primary residence. It is critical for anyone in this sweet spot to understand their options as…
Working with financial advisor is usually driven by the need to delegate the financial decisions as it is too much work but it is also based on the trust to your fiduciary. Trust or need one should know that there…
Renting or buying is a question that needs careful assessment of our own values and priorities, however we still can perform a reasonable analysis and help ourselves really understand quantitatively what each option entails. Renting a place is a simpler…
Employers nowadays are rarely providing pension plans also known as defined benefit plans which used to be the norm in the past. Fortunately, mid and large companies are now usually offering the so called defined contribution plans which are a…