Articles written by James Hutchinson
Showing 1-100 of 194 Articles
|
A Basic Income Statement Example
One of the key financial statements to a business is the Income Statement. Companies rely on this to show profit and loss for any period chosen.
|
|
Basics of Single and Double Entry Accounting
Keeping a ledger of transactions will help any individual or business keep better track of expenses. The kind of bookkeeping used depends on the complexity involved.
|
|
2010 Tax Deadlines and Related IRS Rules
April 15 is the date United States personal income tax returns are due. Estimated returns and payments are due throughout the year.
|
|
Pros and Cons of Fixed and Variable Mortgages
Lenders offer mortgages with both fixed and variable interest rates. Borrowers can benefit from adjustable rates, or an increase can have a huge negative impact.
|
|
Using Trending Analysis to Review a Business
An important method of understanding a business is reviewing changes in financial statements over time. An accurate statement will be consistent with prior years.
|
|
Interest Calculation on Payday Loans
Payday loans can provide a short term cash boost to consumers, but the rates and fees lead some to refer to the loans as usury. The problem is in the fees charged.
|
|
Learn When to Refinance a Mortgage
Refinancing a mortgage is a great way to reduce monthly bills in the short term, but lowering the rate may result in more costs and a loss in the long run.
|
|
Best Christmas Sports Equipment Gift Ideas
For many people, sports is more than a passion, it is a way of life. Buying the right Christmas present can be exciting and fun for the sports fan.
|
|
$6500 Existing Home Buyer Tax Credit
The IRS is now providing a tax credit of up to $6,500 for many homebuyers for a limited time, subject to restrictions. Purchasers need to act quickly.
|
|
Pros and Cons of Borrowing from a 401k
Borrowing from a retirement plan provides cash for current needs, but may reduce the money available later. It is important to consider options carefully.
|
|
Pros and Cons of Credit Card Balance Transfers
Using a Balance Transfer or convenience check on a credit card account can make sense if done wisely, but can also lead to major negative consequences.
|
|
Interest Income, Expense and the Rule of 72
The Rule of 72 is a simple calculation with profound impact, which shows approximately how long it takes for a number to double based on the interest rate.
|
|
Basic Cost Accounting Variance Analysis
Cost Accounting is the study of how much money it takes to make a product. Variance analysis allows a use to understand differences between actual and expected costs.
|
|
Hilton Head Island, South Carolina in the Fall
As the leaves fall, Hilton Head remains a warm spot along the ocean in South Carolina. Great food, lodging and activities make it a great tourist destination.
|
|
Taking the Rebate or Zero Percent Interest
Automobile dealers offer confusing deals in order to get consumers to buy vehicles. Should a consumer take low rate financing or a rebate?
|
|
Paying off Credit Card Debt
Credit cards are very useful in today's world, but if the balance is not paid in full each month, interest costs can put the user into a spiral to financial difficulty.
|
|
Credit Card Interest and Balance Transfers
New credit card with a low introductory rate or credit card balance transfer can seem like a good deal. The rates may not turn out to be as low as they seem.
|
|
Itemized Deductions for State and Local Taxes
The Internal Revenue Service allows a tax deduction for state and local taxes if a taxpayer itemizes. Knowing the rules can increase refunds.
|
|
Playing McDonald's Monopoly Game
Playing Monopoly at McDonald's® can be fun, but can lead to overeating fast food and overspending. The odds against winning a big prize are pretty high.
|
|
Tax Deduction for Car Donation to Charity
Taxpayers can still get a deduction for donating a vehicle to charity, but are limited to the fair market value for that particular car or boat.
|
|
Regular Mall Pricing at the Airport
In order to get travelers to shop and eat at airports, stores located there are claiming that they guarantee regular mall prices. Do the claims hold up?
|
|
Progressive, Regressive and Flat Taxes
Taxpayers in the U.S. are assessed based on a progressive tax system, where rates increase as income rises. Flat tax systems are another alternative.
|
|
Tax-Exempt vs. Taxable Bonds
Tax-exempt bonds pay a lower interest rate, but can benefit the holder when calculating taxes. Buying at the right price brings a better return.
|
|
Tax Credits, Exemptions and Deductions
Taxpayers need to be able to understand tax terminology concerning exemptions, deductions and credits to get the full amount of their refunds.
|
|
Income Tax Itemized Deductions on Schedule A
Learn what itemized deductions can save taxpayers money if they exceed the Standard Deduction on Schedule A on the Internal Revenue Service Form 1040.
|
|
Winning Monopoly Board Game Strategies
The great game of Monopoly from Parker Brothers is even more fun when you win. Having the right trading strategy will help.
|
|
Home Mortgage Interest Deduction
The United States IRS offers a deduction for home mortgage interest. Does it make sense to buy a home just to benefit on the tax savings or save money on rent?
|
|
Tips for Conducting Effective Business Meetings
The key to running an effective meeting for an organization is keeping on track and focusing on goals. Successful leaders follow good procedures.
|
|
Planning for an Effective Business Meeting
One of the worst uses of the work day is wasted time in meetings. Gatherings that are either too long or cover unimportant information can reduce productivity.
|
|
Basics of IRS Rules on Gains and Losses
The Internal Revenue Service taxes United States citizens on Interest, Dividends and Gains on Sale of Investments. Knowing the rules can reduce the tax burden.
|
|
How to Be a Considerate Airline Passenger
Flying can be difficult for many people. Displaying rudeness and outright disobedience to laws and regulations can make a flight difficult for everyone.
|
|
Mid-Year Income Tax Saving Strategies
Waiting until year end to make changes effecting income tax leaves little time for them to significantly change liability. Starting sooner will help more later.
|
|
Tips to Speed through Airport TSA Security
Long lines in security can delay passengers and cause them to miss their flight. Knowing how to prepare and making good choices can save a huge hassle.
|
|
Matt Smith is the New Doctor Who
The Eleventh Doctor, Matt Smith is the youngest of all the Doctors in the BBC's Doctor Who television series. Time seems to work backward for the Time Lord.
|
|
Proper Golf Etiquette for Beginners
People that are thrust into a golf outing can avoid embarrassing actions by a little planning. Being informed can avert a career threatening mistake.
|
|
Cutting Business Travel and Food Expenses
Businesses that require employees to travel open themselves up great expense if good policies are not enforced. Management and finance need to monitor the costs.
|
|
Cutting Business Air Travel Expenses
Maintaining tight controls on airline travel is an important part of fiscal responsibility. Saving money here can help the company put resources where they are needed.
|
|
Business Permanent Cost Reduction Strategies
Companies that have had a major decline in business need to have solutions for reducing expenses that will continue to be effective over the long term.
|
|
Equipment for Beginning Adult Golfers
Many women and men who have never played golf enter the business world and find golf is a popular social event. Learning to play is part of advancing a career.
|
|
Cutting Business Expenses in a Hurry
In a crisis, businesses have to reduce expenses immediately to make sure the company stays solvent in the short run. Here are some strategies to get over the hump.
|
|
Proper Accounting for Accrued Expenses
Understanding and identifying accrued expenses is one of keys to accurate financial statements. It is the basis of accrual accounting.
|
|
Beginner's Guide to the Tour de France
Although the Tour de France is one of the most popular sporting events in the world, the rules and strategy are unknown to most Americans.
|
|
Accounts Payable and Three-Way Matching
Under accrual accounting, payments are recorded when they occur, rather than when they are paid. Accounts payable is the intermediate step used to track expense.
|
|
Reading a Budget Variance Report
Most companies have computer systems that generate reports that show variances from the budget. Managers need to be able understand them to report accurately.
|
|
Creating a Budget with Volume Changes
Managers and directors of operations and support departments need to be able to forecast the impact of volume changes on their expense budgets.
|
|
Creating a Budget for an Established Department
In most large businesses, managers and directors of non-financial departments are required to create budgets for their departments, if there is stable volume.
|
|
Prepaid Expenses and the Matching Principle
A key principle in accounting is that expenses and revenue should be matched to the time period that they occur. This can be accomplished by amortization.
|
|
Kalahari Indoor Water Park in Northern Ohio, USA
The mammoth Kalahari Indoor Water Park in Northern Ohio allows families to enjoy water fun any time of year, along with restaurants, lodging and a conference center.
|
|
Fixed, Flexible and Revised Budgets
Companies have choices when preparing projections for future periods. A flexible budget can provide better results than a simple fixed budget.
|
|
Types of Business Budgets
Businesses need to be able to forecast the future to appropriately allocate resources. Four separate areas need to be budgeted for accurate measurements.
|
|
Inventory Methods Used in Accounting
Supplies and other items purchased for later use can be set up as inventory to be expensed subsequently. Accounting has methods to accurately measure this current asset
|
|
Accounting for Capital Equipment
Capital Equipment is a major factor in the operation of any business. The type of expenditure impacts how it is accounted for on the financial statements.
|
|
Basic Accounting for Buildings and Equipment
When a business acquires an item that has a longer useful life such as a building or equipment, the item is expensed over a number of years using depreciation.
|
|
Days Cash on Hand Accounting Ratio
The funds a business needs to pay its employees and suppliers varies based on the size and type of company. An accounting ratio provides a meaningful measuring tool.
|
|
The Difference Between Revenue and Income
An understanding of basic accounting terminology is necessary to make informed business or investing decisions. The top and bottom lines are often confused.
|
|
Effective Petty Cash Procedures
Petty cash is easy to use but can be subject to theft and poor control. Proper procedures help prevent loss and misuse.
|
|
Internal Controls for Petty Cash and Receipts
Managing the process of cash collection helps to reduce the chances of theft. Physical controls are an important part of the process.
|
|
Segregation of Duties in Accounts Payable
Many small businesses have been hurt badly and even driven into bankruptcy by embezzlement. Good internal controls can help to stop fraud or catch theft early.
|
|
COBRA Premium Assistance in the Stimulus Bill
Employers are required to provide health insurance coverage after an involuntary termination. Those needing the insurance have options on when they can elect coverage.
|
|
Mark-to-Market Accounting Pros and Cons
Mark-to-Market is an accounting method for valuating investments that in most times accurately values investments, but can misrepresent values in an economic crisis.
|
|
Calculating Employee Full-Time Equivalents
Wage and salary costs are a large part of expenses for any business. Tracking these costs is difficult, but can be managed by converting paid hours into FTEs.
|
|
Adjusting Withholding Allowances on the IRS W-4
U. S. Income Taxes that are withheld in excess of the tax liability are refunded each year. Some taxpayers intentionally overpay their taxes to get a large refund.
|
|
Understanding the IRS W-2 Form
Every employee working in the U.S. should receive a W-2 Form. Used to record income and deductions, it is one of the most important pieces to filing a tax return.
|
|
How Long Should Tax Records be Kept?
Every taxpayer should keep a copy of their tax returns and supporting documents. How long they should be kept depends on the individual situation.
|
|
When to Take Purchase Discounts on Supplies
Suppliers offer purchase discounts in order to speed payment. Knowing when to take advantage of them can result in cost savings.
|
|
Price - Earnings per Share Ratio Basics
The Price/Earnings Ratio of a stock is one of the most important methods of valuing an investment. Always examine the PE when buying shares.
|
|
The Best Golf Ball for the Money
Price, distance, spin and status are all factors in choosing a golf ball. As with most manufacturers, Callaway Golf offers many options at different price points.
|
|
Increase your Income Tax Refund by Proper Timing
Using discretion when recognizing income and paying expenses can help reduce payouts and maximize refunds on United States income taxes.
|
|
Tips on Income Tax Preparation
Filing a tax return involves more than just filling out a form. An accurate return requires good record keeping and having the pertinent information handy.
|
|
Is Your Home an Asset or Liability?
In the Rich Dad, Poor Dad series, Robert Kiyosaki asserts that a home is a liability not an asset. This is not correct accounting, but it may be a valid point.
|
|
Days in Accounts Receivable Ratio
Cash flow is the most important short term factor in business survival. The days in accounts receivable ratio is a key barometer of the funding situation of a company.
|
|
Choosing a Career in Accounting
Accounting is a growing field with lots of opportunities, but the lifestyle is not for everyone. Having a steady job is good, but there are trade-offs to making money.
|
|
Stock Trading and the Wash Sale Rule
The Wash Sale Rule prevents taxpayers from deducting losses on some investments that are repurchased. When does it apply and what are the reasons behind the rule?
|
|
Tax Implications of Short Term Trading
Avoiding taxes on stock sales helps the investor keep more money, but holding on too long can turn a gain into a loss. Smart investors look at all the implications.
|
|
Using Leverage to Increase Investment Income
Using borrowed money, or leveraging, is a way to magnify investment returns, but carries a great risk of losing all the initial investment and more.
|
|
Solving the Sudoku Puzzle Step by Step
Sudoku is a numbers puzzle that can be made easy or hard. The same systematic approach used in solving a sudoku puzzle can help when faced with other decisions.
|
|
Winter Hiking Safety Tips
When the snow flies in the Great White North is a great time to get outside and enjoy a brisk walk or hike. A few smart tips can make the journey pleasant and safe.
|
|
Crossword Puzzle Solving Tips & Answers
Crossword Puzzles are designed to be challenging and fun. Knowing the secrets to some of the tricks of the builders can help to solve the puzzles faster.
|
|
Understanding Crossword Puzzles
Crossword puzzles are a great way to keep the mind sharp and learn new things. Understanding how they work can help get the fun started.
|
|
Choosing the Right Snow Shovel or Snow Blower
Keeping the sidewalk or driveway clear during winter is much easier if homeowners have the right tools. Knowing the options of snow removal equipment can help.
|
|
Bulk Buying of Groceries from Wholesale Clubs
Households large and small can reduce their grocery bills by buying the right size package. A few simple calculations can make a big difference.
|
|
How to Buy Men's Jeans
The tough, comfortable jean is the choice of men the world over for a great look and exceptional durability, at an affordable price.
|
|
A One or Two Day Trip to Yosemite National Park
The magnificent scenery of California reaches it zenith in the mountainous region of Yosemite National Park, featuring El Capitan, Half Dome and Bridal View Falls.
|
|
Men's Dress Suit Separates
Men now have a choice. Purchase a suit and wait for tailoring, or buy a ready-to-wear set of suit separates that are designed to fit many body styles.
|
|
Walking and Cycling in Santa Cruz California
The resort town of Santa Cruz, California is known for great surfing, dining and fun. For the athletic minded, there are two great running paths on Monterey Bay.
|
|
Traffic Signals that Waste Gasoline
The cost of gasoline continues to rise. Motorists get plenty of advice on how to save gas, but traffic laws contribute greatly to waste in larger cities in the U.S.
|
|
The Cleveland Orchestra at Blossom Music Center
From classical concerts to big name musical acts, Blossom Music Center is the scene for the finest in summer outdoor entertainment in Northeast Ohio.
|
|
How to Buy the Best Men's Necktie as a Gift
Selecting the right necktie for the professional man in your life can be a difficult task. Some tips to make it a popular gift that will be treasured and worn often.
|
|
The Right Men's Dress Shirt
Selecting the proper fit, size and style in a dress shirt is an important part of maintaining a professional image and looking good on the job.
|
|
Choosing Between Flying or Driving
Performing a cost-benefit analysis is useful for many situations. Whether to take an airplane or drive to a destination provides a useful example.
|
|
Increasing Returns using Dividends on Stocks
Making the proper decisions in the stock market requires a good knowledge of investing terminology. One of the most important concepts is the impact of dividends.
|
|
Historic Columbia River Gorge
The spectacular Columbia River Gorge showcases the breathtaking natural beauty of the Western United States, featuring majestic waterfalls and sweeping vistas.
|
|
The Arranging Windows Function in Excel
Excel is packed with features that enable power users to get things done faster and more accurately. Using Window features can help anyone get the most out of Excel.
|
|
Formatting Numbers in Excel
In designing business plans, financial statements or any document with numbers, proper formatting is an important first step in gaining credibility with the reader.
|
|
Eugene Oregon All Purpose Hiking Trails
Eugene, Oregon is called Track Town. Famous as a home for serious athletes, Eugene has many areas for race training and fun for weekend joggers and bikers.
|
|
Spencer Butte in Eugene Oregon
Outdoor enthusiasts in the Eugene Oregon area don't have to go far to enjoy a challenging hike, since the impressive Spencer Butte is near to downtown and the University.
|
|
Crater Lake National Park
An introduction to Crater Lake, a National Park in Southern Oregon.
|
|
"hh prime": Hilton Oceanfront, SC
"hh prime", the renovated restaurant in the Hilton Oceanfront Resort on Hilton Head Island offers great food and great views in a upscale but casual atmosphere.
|
|
A Driving Tour to Sisters, Oregon
A driving tour through the Oregon Cascades reveals great views of mountains, rivers and waterfalls.
|
|
Exercizing when Traveling
Tips and tactics to stay fit and sharp on the road.
|
Page:
1 | 2
