In accounting, the balance sheet is a snapshot on a company’s finances at a fixed time; accordingly, the cash flow statement reflects the changes in company’s finance over a considerably longer time. The statement reflects both the cash inflow and the cash outflow for a specific period of time. The […]
Tag: finance
What Is The Income Statement And Examples
Compared with the balance sheet reflecting the activity of a company at some point, the income statement shows the company’s financial situation over a long period of time. In other words, the income statement deals with the company’s revenues and expenses, presenting a summary of its financial activities from 3, […]
How To Start Getting Wealthier Today
We hear a lot in our day about fiscal accountability and responsibility, and as far as our media saturated ears are concerned, it always sounds like a more collective topic, than it does a personal topic. The truth is that it's both. While our country's fiscal situation is relative, it's […]
Auto Insurance Minimums
Every state or locality has their own requirements for the minimum amount of car insurance a person needs to carry in order for them to cover themselves and others in the event of an accident. For many people, carrying the minimum is standard because it is the most affordable way […]
Learn From Your Financial Mistakes
Have you ever found yourself in a situation where you are living week to week? Or perhaps you’ve managed to get yourself into debt with a mounting credit card bill or defaulted loan repayments. If these scenarios sound familiar then it’s time to have a good look at the way […]
Biggest US Tax Evaders
America's corporate tax rate is 35% which is claimed to be the highest among industrialized nations, worldwide. However, most of the U.S corporations don't pay their taxes within those rates or percents. There are American companies that are not paying any taxes at all and are even receiving tax credits. […]
The ABC’s of Financing Your Small Business
Most people come up with an idea for a small business at some point in their lives. While there are plenty of people with business ideas, most people never follow through with them and turn them into a successful business. One of the big challenges that people have to overcome […]
Private Student Loan Debt: Now Forgivable in Bankruptcy Discharge
For years, bankruptcy attorneys would inform their clients that student loan debts could not be discharged. In the past, these debts were unforgivable regardless of whether a student has completed his or her degree. A new legislation has come forward in Congress that will act as an aid to previous […]