Let’s not sugar-coat it, things really look grim right now. We are talking about a potential scenario where superpowers collide which might throw all of us into an economic downturn. Currencies wobble like jelly, and your business plans go obsolete faster than your current smart phone! But here’s the thing, downturns no matter how dramatic
You may find the original article posted here. Short answer: Yes, you can do your own accounting. Just like you can fix your own plumbing, cut your own hair, or repair your own car, there’s nothing legally stopping you from managing your own bookkeeping and business finances. But, and this is important, DIY accounting comes
Hi there, accounting fans! This article was originally written here. If you’re a regular reader of this blog, you already know we carry a very strong anti-credit banner.But let’s be fair, not all of it is evil. Sometimes is actually good. Some can help you grow. And some…well, some will drag your wallet into a
This article was originally published here. “If my business runs at a loss, that means I don’t have to pay taxes… right?” Technically, yes. But also…not really.Let’s look at this further in depth to explain it better. How Business Taxes Actually Work At its core, tax is calculated as a percentage of your profit which