Site Archives Accounting

Online Payroll Services Revitalizing the Work Place


Years ago, when people thought of the payroll process, they thought of the traditional, antiquated idea of long lines standing in front of a mechanical punch clock, waiting to get their cards stamped. Beyond that, the typical worker lived in fear of mechanical failure or human error resulting in lost paychecks. Likewise, businesses were forced […]

Getting Control of Your Finances with a Cash-Based Budgeting System


In this day and age, it is easier than ever to spend money - just whip out your debit card and buy whatever you want. The problem with these nearly frictionless transactions is that it is difficult to keep track of your money. When most people wrote checks for every day purposes, at least they […]

Budget Is Not A Bad Word


Sit amongst a group of friends and associates and mention the word budget, and suddenly everyone has somewhere else they need to be. Usually no one wants to talk about budgets, no one wants to think about budgets, and no one wants to follow a budget. However, when looked at with open eyes a budget […]

How To Stop Arguments About Money


Have you ever had an argument with your partner about money? Has he or she spent more than they should? Have you over-spent and tried to cover it up to avoid a fight? I have developed a system to stop the arguments over money. I have been married for nearly 14 […]

Your Home Business Tax Deductions


If you operate your own home business, then you are probably aware that there a few drawbacks to being self-employed, just as there are a few drawbacks to any major decision you do in your life.
Being an entrepreneur and self employed often means that you lose some workplace benefits, such as group insurance, sick leave, […]

Your Home Business Budget Foundation


Why a Budget is Important. Let it be your guide from beginning to end.
Starting your own home business is a very tricky proposition. Starting your own enterprise is exciting, but it is also inherently full of risk. Enter discipline. Unless you get yourself going on the right foot, then the chances of achieving success […]

Household Budgets: The Secret Weapon in the War on Debt


Ah, America…land of the free, home of the indebted. According to CNNMoney.com, the average American household has almost $9,200 in debt. That’s the average. Some have much, much more. Interest rates generally run in the mid to high teens, so counting interest and payments on other debt, such as mortgages, the average American is dealing […]

Circularity in Spreadsheets - Things to Consider


Chains of reasoning or calculations arise where one statement depends on another, which in turn depends on another. In evaluating a circular chain of reasoning, the calculations are form a circle.
In some cases circularity generates an error. In others, circularity in spreadsheets is used intentionally to solve critical issues. Although it […]

Do I Need An Accountant To Create A Business Budget?


I’m a big fan of accountants, but that’s mostly because I don’t like taking the time to figure things out. When it comes to money, I’d much rather listen and follow the advice of an expert than to try to learn it on my own. However, when you’re creating a business budget, you […]

Implications of New Interest Expense Rules for US Multinationals


Internal Revenue Code (”Code”) section 864(e), implemented through Temp. Treas. Reg. Sec. 1.861-11T, requires all members of a “domestic affiliated group” to be treated as one corporation for purposes of allocating interest expense between domestic and foreign source income. Therefore, by applying this rule, the foreign-source income derived from a foreign entity that incurs its […]