Category Archives: Business
Financial planning for businesses goes a little deeper than just accurate accounting. Businesses who master financial planning use their skills to build better cash flow, plan for future cash flow needs, build assets, increase savings, and develop a healthy emergency fund. All of those things work together to help business leaders build and grow their businesses. Understanding why financial planning is important helps businesses understand how they can build a brighter future.
Numerous online and offline publications cover the steps necessary to start a business, but that’s the easy part. All it takes is an idea, a little capital, and a filing at your local tax office. The complexity depends on the type of business and its goals, but getting a business off the ground is fairly easy.
Save a penny here, save a penny there – in these austere times, we’re all tightening our belts. While the economy might be edging towards a recovery, being prudent with your pounds and pennies is still vital.
Did you hire a nanny or au pair in the last year? Did you set him or her up with the proper tax documents? The IRS will question: are you paying your household employees correctly?
It is clear that we all have different hopes and dreams in life. One way in which this can be seen is the way in which we would all spend our fortune in such different ways after we had amassed it.
While some people would splash most of their new found wealth on sports cars and foreign mansions, there are others who would like nothing better than to buy a sports team. This looks like an expensive hobby, so how fabulously wealthy would you have to be to buy an NBA team and run it?