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Accounting

The Practical Business Side for Teaching Bookkeeping/Accounting

Apart from the legislative requirements for registered BAS and tax agents, belonging to a recognised professional association has many benefits such as support from highly experienced accountants to ongoing training with all the latest updates, news, help tips and advice. Recently I read an interesting article which only reinforces my findings on the current teachings…

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Understanding Accounting Before Outsourcing Accounting

Mathematically challenged people have a very vague idea about what accountants really do. They know it has something to do with numbers and finance but the knowledge ends there. However, if you are thinking of outsourcing accounting, you need to have some idea what it is all about. Sure, you could be a creative soul…

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Why Does Your Company Require a Virtual Controller?

If you are also looking towards reducing the costs of maintaining and filing your financial statements for the year 2013, then you need to hire the professional expertise of a virtual controller and other allied service providers. Fully equipped to handle the entire gamut of processes connected with accounting, booking, taxation and other financial obligations,…

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Payment Strategy to Reduce Interest Costs of IRS Settlements

Synopsis Corporations frequently settle examination cycles with the IRS in which some included years are found to have overpayments and others to have tax deficiencies. When the tax deficiencies arise in the later years included in the examination, tax executives are usually content to allow the IRS to apply the earlier years’ overpayments to the…

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Bookkeeping – What A Single Account Type Is All About

You might have heard things about accounting as well as bookkeeping services that have been advertised on TV, the radio, your local paper and, of course, on the World Wide Web. However, have you had the opportunity to comprehend exactly what such services involve? In case you haven’t, then consider yourself in luck because the…

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Why Outsource Your Tax Preparation?

Numerous small as well as medium businesses sprout up each day around the globe. However, only a handful of them stay in operation since they’re spending a lot of their time on everyday operations, thus losing their concentration on the core of the business. Your business can avoid such a pitfall if you make use…

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Singapore, Now The World’s Most Expensive City With Paris In 2nd

A strong currency, expensive house prices, and exorbitant utility rates mean that Singapore has taken the accolade of being the most expensive city in the world in which to live. Tokyo, last year’s most expensive city, has slipped to 6th thanks to poor currency performance, while strong Eurozone growth means that Paris is 2nd with…

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